World economy
India to pitch for reforms at G20 meet
25 Jun 2010
With world leaders arriving in Toronto for the G8 and G20 summits the focus is now on Indian and China which are expected to play a pivotal role in a speedy global economic recovery.
EU to put banks under ‘stress test’ for worst-case scenario
25 Jun 2010
The EU is preparing to put its 25 biggest banks under a ‘stress test’ scenario in a bid to gauge whether their balance sheets are strong enough to cope with another sharp deterioration in the economy.
Cisco to help create Silicon Valley in Russia with $1-billion investment
25 Jun 2010
Networking giant Cisco yesterday pledged to invest $1-billion in Russia over the next decade in order to help the country establish a technology hub outside Moscow.
Yuan allowed to rise further ahead of G20 meet
25 Jun 2010
The Chinese yuan rose to its strongest level against the US dollar since December 2008, after the currency’s daily reference rate was set at a record high against the dollar ahead of the G-20 meeting.
China boosts US Treasury holdings to $900bn
21 Jun 2010
After lashing out at US fiscal policy as “irresponsible” a year back, Beijing has quietly resumed its purchases of US securities and boosted its holdings by 2.6 per cent to $900.2 billion in March and April 2010.
Australia, China sign A$10-billion trade deals
21 Jun 2010
China is Australia's largest trading partner, with two-way trade reaching A$85.1 billion last year, with Australia expecting the two-way trade to cross the $100-billion mark this year.
Israel to build world's biggest desalination plants
21 Jun 2010
The Israeli cabinet has approved a plan to build two of the biggest reverse osmosis desalination plants in the world slated to double desalinated water production in Israel.
China offers to make yuan more flexible
19 Jun 2010
US, Indian businesses may close ranks to counter China
19 Jun 2010
The India-US business forum has called for increased industry partnership between the two countries in order to face the increasing competition from China
Chinese wild cat strikes spread; hit Toyota, Carlsberg
19 Jun 2010
Toyota Motor Corp and brewer Carlsberg are the latest victims in a series of wild cat strikes spreading across the Chinese mainland.
NYT’s trillion dollar Afghan story runs into trouble
18 Jun 2010
A New York Times story on Afghanistan’s apparently vast mineral resources has come under fire for regurgitating old material and passing it off as new.
Japan rejigs growth strategy to emerge Asia-Pacific economic hub
18 Jun 2010
Japan's government today unveiled a new economic growth strategy to make Japan the nerve centre of a new Asia-Pacific free trade zone
Afghan mineral resources worth $3-trillion, says minister
18 Jun 2010
Hard on the heels of a report that Afghanistan’s untapped mineral resources were worth at least $1-trillion, an Afghan minister has said that at $3-trillion it is actually triple the US estimate.
India invested over $26 billion and created 60,000 jobs in US: study
16 Jun 2010
Indians made 127 greenfield investments, creating an additional 16,576 jobs in the US over a five-year period ending 2009, according to the study.
India to extend $1-billion credit to Sri Lanka
10 Jun 2010
India will extend a credit of $1 billion for funding Sri Lanka’s infrastructure projects, mainly in the former civil war zones in the north and east of the country
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