World economy
US GDP growth picks up to 2.3% in Q2
31 Jul 2015
The healthy GDP figures could prompt the US Federal Reserve to make a move towards an interest rate hike in September, the first rise since 2006
Egypt set to open New Suez Canal on 6 August
30 Jul 2015
The enlarged canal would allow two-way traffic over much of the canal’s length
Libyan court sentences Gaddafi’s son to death
29 Jul 2015
Oil majors shelve $200 bn worth of projects: report
28 Jul 2015
Oil and gas majors have slashed their capital expenditure budgets between 10-15 per cent as they believe a sustained period of sharply lower oil prices lie ahead
Deutsche Boerse buys forex platform 360T for $796 mn
27 Jul 2015
Founded in 2000, 360T is credited with helping launch a new generation of forex platforms that allowed European companies to pick banks of their choice for currency trading
India has opportunity for ‘big bang’ economic reform, says US expert
24 Jul 2015
“Make In India” goals of manufacturing reaching 25 per cent of gross domestic product and creating 100 million new jobs by 2022 are worthwhile for inspirational purposes but do not appear to be realistic, says Russel Green, who served as the US Treasury’s first financial attaché to India from 2008 to 2011
UK to lose influence after leaving EU: Obama
24 Jul 2015
WTO members seal trillion-dollar IT trade deal
24 Jul 2015
The addition of about 200 high tech products in the updated Information Technology Agreement (ITA) will benefit technology companies like General Electric Co, Intel Corporation, Texas Instruments Inc, Microsoft Corp and Nintendo Co
WTO members seal trillion-dollar IT trade deal
24 Jul 2015
The addition of about 200 high tech products in the updated Information Technology Agreement (ITA) will benefit technology companies like General Electric Co, Intel Corporation, Texas Instruments Inc, Microsoft Corp and Nintendo Co
Greece agrees to tougher norms for €86-billion bailout
23 Jul 2015
Prime Minister Alexis Tsipras who got legislators to agree to tough new measures to secure a bailout package, however, pledged his government would never allow foreclosures by primary residences
BRICS’s New Development Bank opens in Shanghai
21 Jul 2015
Leaders of the five countries have repeatedly emphasised that the New Development Bank would complement rather than compete with the IMF and the World Bank
Obama adviser Maurice Obstfeld takes over as IMF’s new chief economist
21 Jul 2015
Maurice Obstfeld is known around the globe for his work on international economics and is considered one of the most influential macroeconomists
US, Cuba restart diplomatic engagement after more than a decade
20 Jul 2015
The United States and Cuba have restarted diplomatic engagements and reopened their embassies at Havana and Washington on Monday, since severing ties in 1961
Greek banks to re-open on Monday, deprivations remain
20 Jul 2015
The €60 daily withdrawal limit has now been modified to €420 a week and Greek have been allowed to use bank cards to make payments while they are out of the country, but capital controls remain in place
Greek banks to re-open on Monday, deprivations remain
18 Jul 2015
The 60 euro daily withdrawal limit has now been converted to 420 euros a week and Greek have been allowed to use bank cards to make payments while they are out of the country, but capital controls remain in place
German parliament votes ‘yes’ to Greek bailout talks
18 Jul 2015
The alternative to an agreement would not be a time-out from the euro that would be orderly but predictable chaos, warned German Chancellor Angela Merkel
Iran offers India expanded role in strategic port: report
18 Jul 2015
Chabahar in southeast Iran is key to India’s efforts to access and pursue its economic and security interests in landlocked Afghanistan and the Central Asian nations circumventing Pakistan
Greece gains, Tsipras loses as parliament approves EU bailout package
16 Jul 2015
Greek Prime Minister Alexis Tsipras managed to get the deal approved with support from pro-European opposition parties, which left a question over the future of his government
China’s 7% Q2 GDP growth beats forecast
16 Jul 2015
The Chinese economy has posted a 7-per cent growth in the second quarter, demonstrating that the world’s second-largest economy is on a stable path