World economy
“Ditch dollar” report sends gold galloping
06 Oct 2009
A report that "secret meetings" have been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to stop using US dollars for oil trading has seen the dollar slide in currency markets and gold gallop to a record high.
Pranab elected as second vice-chair of G-24 nations
05 Oct 2009
The G-24 has unanimously elected finance minister Pranab Mukherjee as the second vice-chair of the group, leading on to full chairmanship for the country in 2011-12.
India may participate in Black Sea -Red Sea pipeline project
03 Oct 2009
India is actively examining the possibility of sourcing some of its oil imports through the Mediterranean pipeline, or the Black Sea-Red Sea pipeline project, in a bid to diversify its crude oil supply sources.
IMF raises global growth forecast to 3.1 per cent in 2010
03 Oct 2009
The Washington-based lender said that the global economy is on the rise again, driven by emerging Asian countries, mainly China and India.
IMF lowers global loss estimates due to financial crisis to $3.4 trillion
30 Sep 2009
Although write-down estimates are subject to considerable uncertainty, the analysis shows that the financial system is on the mend, says the IMF
India, Russia to boost trade to $20 billion by 2015
30 Sep 2009
The two countries plan to further boost bilateral trade, with special focus on partnerships in nuclear energy, biotechnology, nanotechnology, and core infrastructure
G20: How long will the cooperation hold?
30 Sep 2009
Crises breed cooperation. Recovery may well breed resentment, says CNN's London correspondent, Richard Quest, in an exclusive column to domain-b
Switzerland exits `tax haven' list
29 Sep 2009
G20 replaces G8; developing nations gain clout in IMF, World Bank
26 Sep 2009
The G20 summit concluded with a compromise solution extending the tenure of the stimulus plan and giving an additional 5 per cent voting rights to developing nations in the IMF and the World Bank.
Switzerland removed from OECD tax haven list
26 Sep 2009
Japan reports $2 billion trade surplus in August
24 Sep 2009
Russia, China to boost bilateral trade
24 Sep 2009
Russian president Dmitry Medvedev told his chinese counterpart Hu Jintao whome he met yesterday in New York, that Russia is ready to promote cooperation with China in power generation and nuclear energy
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