World economy

Manufacturing-instruments maker MKS to cut 600 jobs, or 23 per cent of workforce

03 Apr 2009

G-20 cracks whip on tax havens; OECD publishes blacklist

03 Apr 2009

Last night G-20 leaders agreed to crack down on tax havens, paving the way for the ‘naming and shaming’ of countries that fail to comply with internationally agreed standards

Despite slump Australia records $1.5-billion trade surplus in February

03 Apr 2009

IMF triples firepower as G-20 injects $500 billion

03 Apr 2009

Global markets rally as G-20 pledges $1.1 trillion recovery package

03 Apr 2009

Stock markets across the world have rallied after world leaders reached a $1.1-trillion deal to tackle the global economic crisis at the G-20 summit.

US factory orders rise for the first time in seven months

02 Apr 2009

Swiss Re to slash 10 per cent of workforce, appoints new COO

02 Apr 2009

US wholesaler Costco to close home furnishing stores

02 Apr 2009

Give IMF a $500-billion boost to help developing world: Manmohan

02 Apr 2009

Group of Two: Obama, Hu to meet in Beijing

02 Apr 2009

G-20 pledges $1 trillion to stem financial meltdown

02 Apr 2009

Leaders of the G-20 nations have agreed to pump an additional $1 trillion into the troubled global economy through funding boost to agencies like the IMF, CNBC-TV18 reports.

Mexico seeks $47 billion credit line from the IMF

02 Apr 2009

Australia posts record slump in retail sales

02 Apr 2009

Proximity to Pine Gap facility nixes Chinese mining bid

02 Apr 2009

The real reason for the rejection of a bid by China Minmetals for OZ Minerals may have been the fact that company mines, located in the proximity of the Pine Gap intelligence facility, would have allowed Chinese spies to intercept transmissions.

UK survey indicates ease in manufacturing decline

02 Apr 2009

Japan’s Tankan index of business sentiments at 35-year low

01 Apr 2009

Chicago Sun-Times files for bankruptcy protection

01 Apr 2009

OECD expects GDP to shrink 4.3 per cent; jobless at 10 per cent

31 Mar 2009

G-20 draft focuses on free trade, protectionism

31 Mar 2009

BRICs to demand a bigger say at G20 meet

31 Mar 2009

As the wealthy western economies reel under recession, fast-developing Brazil, Russia, India and China are demanding a bigger say in the affairs of G20

G-20 draft backs economic stimulus; India to fight protectionism

30 Mar 2009

A draft proposal by the Group of Twenty nations wants countries to refrain from currency moves that hurt each other's economies even as India seeks action against protectionism.

Detroit newspapers offer free online editions, cut down home delivery to three days a week

30 Mar 2009

UK wants G-20 to pledge $2 trillion stimulus package

28 Mar 2009

UN Panel wants G-20 to discuss new global reserve currency

28 Mar 2009

A United Nations panel has called for deep reforms of global financial system and redesigning of the economic stimulus plans – both immediate and long term – and a the framing of a new set of regulations.