World economy
Low-income economies told to diversify to sustain growth
15 Apr 2016
Resilient and inclusive growth remains key to development of low-income countries and for this it is necessary that infrastructure gaps are closed, while maintaining debt sustainability’
Low-income economies told to diversify to sustain growth
15 Apr 2016
Resilient and inclusive growth remains key to development of low-income countries and for this it is necessary that infrastructure gaps are closed, while maintaining debt sustainability’
Fed turned more accommodative under Yellen, says Rajan
15 Apr 2016
The RBI governor said the current shift in the Fed policy allows the emerging markets more room to address issues like currency volatility and declining commodity prices
India remains world's top remittance recipient despite a $1bn drop in 2015: World Bank
15 Apr 2016
India retained its top spot as the world’s largest recipient of overseas remittances in 2015, attracting about $69 billion
Oil prices to stay low, India to fuel demand: IAE
15 Apr 2016
Oil has collapsed since mid-2014 to as low as $27 per barrel, from as high as $115, due to booming Opec and US supplies
Top US banks given 6 months to ready disaster plans
14 Apr 2016
To prevent a repeat of the 2008 meltdown, US regulators have given the country’s top five banks – JPMorgan Chase, Bank of America, Wells Fargo, Bank of New York Mellon and State Street Bank – six months to get their disaster plans in shape
India remains a bright spot as global recovery slows: IMF
13 Apr 2016
IMF has suggested structural, fiscal, monetary measures to offset the effects of financial risks, geopolitical shocks and political discord to global recovery, even as it lowered global growth forecast to 3.2% in 2016
Panama prosecutors raid Mossack Fonesca offices
13 Apr 2016
Those who are (and are not) sheltered from the Panama Papers
11 Apr 2016
The effects of the leaks of the Panama Papers are not evenly spread; the documents contained far more information about the offshore activities of individuals in the developing world than in the developed world. Whatever the reasons for the imbalance, it will likely limit the papers' impact. A Stratfor analysis. Republished with permission
World Bank sees growth in East Asia easing to 6.3% in 2016
11 Apr 2016
Economic growth in developing East Asia is expected to ease from 6.5 per cent in 2015 to 6.3 per cent in 2016 and 6.2 per cent in 2017-18, on the back of a weaker-than-expected recovery in high-income economies and a faster-than-expected slowdown in China
Saudi to build bridge over Red Sea to Egypt
09 Apr 2016
Saudi Arabia has announced plans to build a bridge over the Red Sea to Egypt, in a lavish show of support for the government of Egyptian President Abdel Fattah el-Sisi