World economy
UK government to sell bank assets
16 Jun 2011
The sale of Northern Rock, a potent symbol of the turmoil caused by the credit crunch, will be the "first step in getting the British taxpayer out of the business of owning banks."
Greek PM to reshuffle cabinet amid political turmoil
16 Jun 2011
A Greek default, which has a 50 per cent probability, could cascade through the global financial system, particularly in Europe, where major banks hold massive portfolios of bonds of financially troubled countries.
Greek workers protest austerity measures as EU fails to agree on fresh bailout
15 Jun 2011
The new austerity measures were announced after the budget deficit widened 13 per cent year-on-year in the first five months of the current year, making Greece ineligible for a second rescue package.
China’s central bank hikes reserve ratios for ninth time since October
14 Jun 2011
With inflation at a three-year peak, the People's Bank of China raised bank reserve ratios for the ninth time since october 2010
Banking secrecy, tax havens undermining global financial stability: Mukherjee
13 Jun 2011
The unwillingness of some countries to exchange past banking information puts a question mark on the efficacy of present legal provisions for exchange of banking information.
US may get dragged into South China Sea dispute
11 Jun 2011
India could well experience the effects of an oil price shock if oil prices continue to rise
11 Jun 2011
US condemns Syria’s “outrageous use of violence"
11 Jun 2011
Constitution framing goes online in tech-savvy Iceland
09 Jun 2011
Iceland is taking inputs from its citizens on its new constitution through social media sites Facebook and Twitter, video-sharing site YouTube and photo site Flickr
China's warning on "excessive" US assets sends dollar crashing
07 Jun 2011
Comments by a Chinese official that China should guard against risks of the US pursuing a weak dollar policy sent the greenback crashing today
UK to crack down on rogue credit brokers
02 Jun 2011
In the UK, a crackdown on rogue credit brokers that cheat borrowers to the tune of hundreds of pounds got underway yesterday.
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