World economy
Nokia exits Japanese market
28 Nov 2008
Google slashing contractor jobs
28 Nov 2008
EU planning €200 billion stimulus
26 Nov 2008
The European Commission today called for a €200 billion rescue plan for the 27-member block, which is caught in a financial and economic crisis.
China slashes key lending, deposit rates to boost liquidity
26 Nov 2008
China's central bank today cut its key interest rates, for the fourth time in three months, in a bid to infuse more liquidity into the system and cushion the blow of the global financial crisis.
OECD suggests further cut in interest rates; sees India recovery in 2009
26 Nov 2008
The Organisation for Economic Cooperation and Development has suggested that, with inflation more or less under check, countries like India should keep cutting interest rates to avoid the risk of deflation
US government unveils $800 billion second stimulus plan
26 Nov 2008
The US government announced on Tuesday that it would inject a whopping $800 billion more into the economy to arrest the alarming economic downturn.
Pakistan secures $7.6 billion lifeline from IMF
25 Nov 2008
Pakistan has obtained a $7.6 billion lifeline from the International Monetary Fund, which will prevent the country from defaulting on debt. Pakistan's foreign-exchange reserves have shrunk 75 per cent in 12 months, to $3.45 billion.
BHP Billiton abandons bid for Rio Tinto
25 Nov 2008
BHP Billiton has abandoned a year-long hostile attempt to acquire Rio Tinto and create a monolithic entity that could have exercised a stranglehold on pricing.
Obama plans to add 2.5 million jobs in US in 2 years
22 Nov 2008
US President-elect Barack Obama is in the process of drafting a revival plan for the US economy that aims to create 2.5 million jobs by January 2011
Sea piracy to impact price of crude
21 Nov 2008
Going unchecked for a long time, sea piracy is now set to push the price of crude oil upwards and negatively impact recessionary trends around the globe.
APEC to go full steam with globalisation, dump protectionism
21 Nov 2008
The APEC ministerial meeting in Lima ended on Thursday with a call to leaders to continue to promote trade and investment liberalisation and reject protectionsm.
A grim two decades ahead: US intelligence assessment
21 Nov 2008
A grim assessment by the US intelligence community says that by 2025, America will be in decline and the world would be confronting daily threats of nuclear conflict.
China, Peru complete free-trade talks
20 Nov 2008
Developed economies in recession
18 Nov 2008
With almost all developed economies, including the US, Japan, Germany and the UK, contracting over the last two quarters, other countries, including the developing and the least developed, are also slowly being sucked into a recessionary phase.
US tightens rules for foreign investors
17 Nov 2008
The US Treasury has announced new rules that make even transactions in which a foreign entity acquires less than a 10 per cent stake in a US business subject to review by the Committee on Foreign Investment in the United States
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