World economy
Oil cools as Chinese exports fall
13 Aug 2012
The International Energy Agency has revised its estimates of oil use worldwide for several years, cutting its 2013 demand forecast by 400,000 barrels per day
China’s export growth nose-dives in July
11 Aug 2012
Drought hits US corn production
11 Aug 2012
The US agriculture department has slashed estimates for corn production by 17 per cent to 10.8 billion bushels, even as prices have started soaring.
Russia, India, China headed for slowdown: OECD
10 Aug 2012
Showdown nears as Pak SC summons PM Gilani
08 Aug 2012
Italy slides into deep recession; GDP contracts 0.7% in Q2
08 Aug 2012
Italy, eurozone’s third-largest economy, has registered its fourth consecutive quarterly contraction, indicating a deeper than anticipated economic downturn
German manufacturing orders worse than expected
07 Aug 2012
Spain on course for €300 billion bailout
04 Aug 2012
UN sends first food aid to flood-hit N Korea
04 Aug 2012
Many Americans die with virtually no financial assets: study
04 Aug 2012
Innovative research shows large divergence in retirement saving outcomes, with the single elderly faring worse than married couples
Bank of England keeps interest rate, stimulus unchanged
03 Aug 2012
UK’s central bank has kept on hold key interest rate at a record low of 0.5 per cent yesterday and maintained the level of quantitative easing (QE) despite concerns over a deepening recession in Europe’s third-largest economy
Stocks retreat, dollar rallies after Fed's no action
02 Aug 2012
Equities and the euro ruled higher as investors bet that central banks in the US and Europe would take strong steps to boost their economies
Spain plunges deeper into recession in Q2
31 Jul 2012
So far, Spain has been battling to avoid a full-fledged financial bailout similar to other eurozone debt laden nations such as Greece, Ireland and Portugal
China scraps waste project after demonstrations
28 Jul 2012
US GDP growth slows to 1.5 % in Q2
28 Jul 2012
Growth in the world’s largest economy is losing momentum, with rising unemployment, as president Barack Obama is set to seek a second term in November.
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