World economy
Japan’s exports plunge 35 per cent in December
22 Jan 2009
Citigroup senior management decline bonuses
21 Jan 2009
Senior Citigroup executives including CEO Vikram Pandit and chairman Sir Winfried Bischoff decline incentive or retention awards, in the wake of the stress on the bank's fortunes.
Recession-hit Singapore to dip into sovereign wealth funds
21 Jan 2009
Singapore plans to tap into the hundreds of billions of dollars held by the country’s sovereign wealth funds to tackle the deepening recession
Chemicals maker Rohm & Haas to slash 900 jobs
21 Jan 2009
Chemicals maker Rohm & Haas to slash 900 jobs
20 Jan 2009
Hyperinflation forces Zimbabwe to introduce Z$100-trillion currency
20 Jan 2009
Hit by raging hyperinflation, Zimbabwe will soon introduce a new set of notes in denominations of 10 trillion, 20 trillion, 50 trillion and 100 trillion.
Another Indian likely in Obama’s team
20 Jan 2009
China’s 2008 FDI growth up 23.58 per cent, despite last quarter decline
19 Jan 2009
The global slowdown has led to a decline in foreign direct investments into China, which in recent years haas been recording the fastest economic growth.
'Green shoots' of UK recovery: fact or mirage?
By By Jagdeep Worah | 17 Jan 2009
UN forecast adds to economic gloom
17 Jan 2009
A new UN report says the global economy could contract by 0.4 per cent, — the first gloal contraction since the Great Depression of the 1930s. By Jagdeep Worah
European Central Bank cuts key rate by 50 bps to 2.00 per cent
15 Jan 2009
The European Central Bank has announced a cut its key refinancing rate for banks by 50 basis points to 2.00 per cent amidst a deepening recession
UK unveils £20 billion scheme for small firms
15 Jan 2009
Google cuts down on staff and operations
15 Jan 2009
The current economic slowdown is hurting even behemoths like Google,which has been forced to axe a quarter of its recruitment staff.
No end in sight to recession, warns Fed
15 Jan 2009
China displaces Germany as world’s third largest economy
14 Jan 2009
China has surpassed Germany to become the world's third largest behind the US and Japan.
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