World economy
Top US banks given 6 months to ready disaster plans
14 Apr 2016
To prevent a repeat of the 2008 meltdown, US regulators have given the country’s top five banks – JPMorgan Chase, Bank of America, Wells Fargo, Bank of New York Mellon and State Street Bank – six months to get their disaster plans in shape
India remains a bright spot as global recovery slows: IMF
13 Apr 2016
IMF has suggested structural, fiscal, monetary measures to offset the effects of financial risks, geopolitical shocks and political discord to global recovery, even as it lowered global growth forecast to 3.2% in 2016
Panama prosecutors raid Mossack Fonesca offices
13 Apr 2016
Those who are (and are not) sheltered from the Panama Papers
11 Apr 2016
The effects of the leaks of the Panama Papers are not evenly spread; the documents contained far more information about the offshore activities of individuals in the developing world than in the developed world. Whatever the reasons for the imbalance, it will likely limit the papers' impact. A Stratfor analysis. Republished with permission
World Bank sees growth in East Asia easing to 6.3% in 2016
11 Apr 2016
Economic growth in developing East Asia is expected to ease from 6.5 per cent in 2015 to 6.3 per cent in 2016 and 6.2 per cent in 2017-18, on the back of a weaker-than-expected recovery in high-income economies and a faster-than-expected slowdown in China
Saudi to build bridge over Red Sea to Egypt
09 Apr 2016
Saudi Arabia has announced plans to build a bridge over the Red Sea to Egypt, in a lavish show of support for the government of Egyptian President Abdel Fattah el-Sisi
Panama Papers: Has Iceland’s PM Sigmundur quit?
06 Apr 2016
China limits coverage of “Panama Papers”
05 Apr 2016
China limits coverage of “Panama Papers”
05 Apr 2016
Flaw in US state dept database exposes travellers to US to risk of theft of their details
02 Apr 2016
Saudi to cut oil dependence, focus on investments
02 Apr 2016
Saudi Arabia plans to create a $2-trillion sovereign wealth fund for making investments in strategic financial and industrial assets across the world in a bid to shed its dependence on oil revenue
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