World economy
Major developing countries must play big role in climate deal:US
12 Dec 2009
Negotiators at Copenhagen have already fired the first shots of what is expected to be a bitter dispute between the ‘developed’ and ‘developing’ nations over a successor pact to the Kyoto Protocol.
US House formulates new lending and credit rules
12 Dec 2009
123 Agreement impasse to resolve soon: USIBC
11 Dec 2009
The US-India Business Council has said that all talks with the US on ‘arrangements and procedures’ of the bilateral nuclear deal are expected to be completed within a week or two.
US n-firms feel the New Delhi chill
10 Dec 2009
Russia to build 12-14 n-reactors in India
10 Dec 2009
The freshly signed civil nuclear pact with Russia will allow it to land contracts for the construction of between 12-14 n-reactors in India.
Geithner for extending TARP till October 2
10 Dec 2009
BoA repays $45 billion TARP funds
10 Dec 2009
The bank also paid the government $190 million in accrued dividends on the repurchased preferred securities.
Copenhagen: G77 gives the boot to Danish draft
09 Dec 2009
The G77 group of countries and China, shredded a Danish draft proposal for an agreement on climate change saying it “threatens the success" of the ongoing Copenhagen summit.
10 per cent expatriates lose jobs in Gulf slump
09 Dec 2009
Professionals working in the Gulf have been hit hard by the downturn, with almost two-thirds not receiving any pay hike and one in 10 losing their job this year
Japan unveils $81 billion fresh economic stimulus
08 Dec 2009
The second stimulus package, including the $81 billion in direct spending, would be worth a total of $274 billion in terms of project value.
No rate hike on sight as Fed chief says recovery in US 'fragile'
08 Dec 2009
Bernanke’s remarks dampened speculation that the central bank could begin lifting short-term rates from near zero.
Kuwait fund makes $1.1 billion through Citigroup stake sale
07 Dec 2009
KIA’s $5 billion investment in troubled US banks had been a subject of criticism for quite some time by some member’s of Kuwait’s national assembly