World economy
Massive 8.9 quake, tsunami hits Japan, entire Pacific coast on alert
11 Mar 2011
A 10-metre tsunami hit north-east Japan today after a massive 8.9 magnitude quake, sweeping away everything in its path, including houses, cars and boats, according to reports.
Moody’s strikes Spain, cuts credit rating
11 Mar 2011
Three days after downgrading debt-laden Greece, Moody’s yesterday cut its rating on Spain, euro zone’s fourth-largest economy, rekindling concerns of a continuing European credit crisis
China records $7.3-bn trade deficit for February
11 Mar 2011
In a development that surprised analysts, China’s trade balance swung to a deficit of $7.3 billion in February
Moody’s downgrading of Greece draws flak from Athens
08 Mar 2011
Moody's downgrading of Greece’s credit rating by three notches has angered the Greek government, prompting the country’s finance ministry to call for tighter regulation of rating agencies.
China’s January inflation at 4.9 per cent
07 Mar 2011
China opts for shift in economic policy
07 Mar 2011
The Chinese prime minister pointedly made references to issues such as inflation, which threatened both social stability and economic growth during the the annual National People's Congress held over the week end
UK confirms annual aid to India
05 Mar 2011
China pre-empts protests with warnings, crackdown
05 Mar 2011
Warning against calls for Middle East-type pro-democracy protests, the Chinese government tightens censorship, strengthens security in Beijing and imposes new restrictions on foreign reporters
George Soros urges West to back Mid-East rebels
05 Mar 2011
One of the world's most powerful investors wants western governments to be more proactive in supporting change in the Middle East
Brazil’s GDP expands 7.5 per cent in 2010; becomes the world’s 7th largest economy
05 Mar 2011
The world’s fifth-largest nation recorded a 7.5-per cent annual GDP growth in 2010, becoming the world’s seventh-largest economy
China secures massive deliveries of Turkmen gas for the future
04 Mar 2011
China will boost its future annual natural gas purchases from Turkmenistan to 60 billion cubic meters, equivalent to more than half its entire natural gas consumption last year.
Bernanke warns against US budget-cutting on education and training
03 Mar 2011
Research increasingly has shown the benefits of early childhood education and efforts to promote the lifelong acquisition of skills for both individuals and the economy as a whole
Yunus removed as Bangladesh Grameen Bank MD
02 Mar 2011
Grameen Bank said Yunus was staying on while its government-appointed chairman said the order has been implemented
India-ASEAN target $70bn bilateral trade by 2012
02 Mar 2011
India and the 10-nation ASEAN bloc have stated their aim to increase bilateral trade to a whopping $70 billion, a boost of 40 per cent, by 2012.
India extends $50 million loan to Zambia
01 Mar 2011
India’s Africa connect moves apace
01 Mar 2011
India seems intent on making up for lost time in Africa, announcing a spate of agreements with nations on the continent
UK aid to India under scrutiny
01 Mar 2011
The United Kingdom government will today outline plans which will stop direct development aid to 16 countries and freeze the level of assistance being provided to India
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