World economy
BoJ doubles inflation target to pump-prime economy
22 Jan 2013
The central bank will double its inflation target to 2 per cent and switch to an open-ended commitment to asset purchases in order to stimulate the Japanese economy
Russian arms sales reach $15 billion in 2012
22 Jan 2013
Russia sold $15 billion worth of defence equipment in 2012, maintaining its position as the world’s second-largest arms exporter after the US, Ria Novosti reported yesterday
140 nations sign UN treaty to curb mercury pollution
21 Jan 2013
Small-scale gold mining, coal-fired power plants, steel and cement industries are the main contributors of mercury emission, which can cause brain and neurological disorder, damages to kidneys and the digestive system, memory loss, language impairment
Pakistan’s growth to be lowest in region
18 Jan 2013
China’s economy grew 7.9 per cent in fourth quarter
18 Jan 2013
China's economy registered a 7.9-per cent growth in the fourth quarter of last year from a year earlier, rebounding after seven straight quarters of slowdown
Pak’s anti-graft watchdog comes to PM’s rescue
17 Jan 2013
The head of Pakistan’s anti-corruption wing has defied a Supreme Court order to arrest Raja Pervez Ashraf, citing lack of evidence against the prime minister
Germany to retrieve $36 bn of gold from US, French central banks
17 Jan 2013
Germany has the second-largest gold reserves in the world after the US with nearly 3,400 tonnes at the end of 2012, valued at approximately $184 billion at current market prices
German economy shrinks in Q4
16 Jan 2013
Fitch warns US of credit rating review
16 Jan 2013
Global credit ratings agency Fitch Ratings yesterday warned the US, that it could lose its top credit rating for the second time if there was a delay in raising its debt ceiling.
US Fed plans further quantitative easing
15 Jan 2013
The Fed plans to increase its monthly purchase of bonds to $85 billion from the current $ 40 billion
Pak SC orders arrest of PM Ashraf
15 Jan 2013
The Pakistan Supreme Court today ordered the arrest of Prime Minister Raja Pervez Ashraf in the Rs2,200 crore Rental Power Projects (RPP) scam
IRS watchdog urges tax code simplification
12 Jan 2013
US December deficit lowest in five years
12 Jan 2013
The US government budget deficit contracted to its best December monthly result in five years, on higher revenue, lower spending and calendar-driven shifts in some payments
Yen drops against dollar in losing streak
12 Jan 2013
The yen was down against the dollar in its longest losing streak in almost a quarter-century on speculation that the new government was preparing measures to stimulate the economy that may debase the currency
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