World economy
BoJ keeps stimulus intact amidst slackening of exports
15 Jul 2015
The Japanese central bank will keep expanding base money at an annual pace of ¥80 trillion ($648 billion) via aggressive asset purchases
Markets cheer as Iran, West clinch nuclear deal
14 Jul 2015
The agreement could potentially change the economic equations in the Middle East with Iran emerging as the new growth centre
Chinese stocks recover for third day as regulators crack down on margin lending
13 Jul 2015
The recovery that began at the end of last week, ended a run of almost a month of heavy losses that saw Shanghai sink about 30 per cent, wiping trillions off valuations
EU tightens screws as Greek govt bends backwards
13 Jul 2015
The Euro zone will give Greece up to $96 billion in fresh bailout loans, on the condition that the government of Prime Minister Alexis Tsipras reverses its referendum mandate and implements a round of harsher austerity measures
Global oil demand to slow in 2016: IEA
11 Jul 2015
Oil demand, which peaked in the first quarter at 1.8 mbpd, will continue to ease in 2015 and into 2016 as temporary support fades, warns a new report by the International Energy Agency
Farming a driving force in drying soil in Northern China
11 Jul 2015
An important agricultural region in China is drying out, and increased farming may be more to blame than rising temperatures and less rain, according to a study spanning 30 years of data
Greek parliament clears austerity measures, opens way for bailout
11 Jul 2015
On Friday Greek Prime Minister Alexis Tsipras had appealed to his party's lawmakers to back a tough reforms package to try to save the country from financial meltdown
NSAs of India and Pakistan to meet in New Delhi
10 Jul 2015
BRICS agree on easier visa, customs procedures to push trade
10 Jul 2015
South Africa has suggested evolving a BRICS business pass on the lines of the APEC Business Travel Card, where a holder does not need a visa to visit an APEC member country
A Yale economist’s take on the Greek debt crisis
08 Jul 2015
Greece and its European creditors are struggling to agree on new bailout terms to prevent a complete collapse of the Greek economy If no agreement is reached by July 20, Greece will default on a $3.9 billion bond repayment to the European Central Bank (ECB), which could force the cash-strapped nation to begin printing its own national currency. By Michael Cummings
US banks resubmit bankruptcy contingency plans
07 Jul 2015
UK banks urge Osborne to cap bank levy
06 Jul 2015
China steps up efforts to tackle stock market crash
06 Jul 2015
The stock market rout in the world’s second-largest economy has raised serious concerns for global investors who fear derailment of the country’s growth prospects, which are already on a slide
Greece set to lose as Tsipras wins austerity referendum
06 Jul 2015
Prime Minister Alexis Tsipras has decisively won a vote against austerity, but at a cost, for he has no one to lend on his terms as of now