World economy
Trump hails Putin for not retaliating to US expulsions
31 Dec 2016
Russian President Vladmir Putin's decision not to reciprocate is a sharp departure from the tit-for-tat policies Moscow pursued against the United States in response to Ukraine-related sanctions in 2014
China plans $503 bn spend on railways to boost growth
30 Dec 2016
The high-speed rail network under the proposal will span more than 30,000 kilometres, according to details released at a State Council Information Office briefing in Beijing
5,000 migrants died at sea this year: UN
24 Dec 2016
Deutsche Bank to pay $7.2 billion to close US mortgage probe
23 Dec 2016
Swiss lender Credit Suisse Group AG, meanwhile, announced that it had settled a related probe with the US Department of Justice for $5.28 billion
Italy plans $21-bn bailout of banks as investors snub Paschi
23 Dec 2016
Under the recapitalisation plan, a major part of the holdings of these banks’ government bonds will be converted to equity, in what would be a partial nationalisation
Italy plans $21-bn bailout of banks as investors snub Paschi
23 Dec 2016
Under the recapitalisation plan, a major part of the holdings of these banks’ government bonds will be converted to equity, in what would be a partial nationalisation
US GDP growth posts a 2-year high of 3.5% in July-Sept quarter
22 Dec 2016
The spike in the GDP growth of the US was mainly due to a 10-per cent rise in US exports, which largely reflected a surge in soybean exports after a poor soy harvest in Argentina and Brazil
Psychiatry professors urge Obama to order Trump’s medical examination
20 Dec 2016
Three professors of psychiatry have written to President Barack Obama urging him to order a medical evaluation of President-elect Donald Trump, who they say may suffer from ‘Narcissistic Personality Disorder’
Obama vows action against Russia over alleged poll meddling
16 Dec 2016
President Obama says the US will take retaliatory action against Russia for its alleged efforts to influence the presidential election – which could put him in direct confrontation with president-elect Donald Trump
Russia, Japan agree on joint development of disputed islands
16 Dec 2016
Russia and Japan have finally hammered out an agreement to jointly develop the four disputed islands in Northern Pacific that are claimed by both
Putin directly involved in US Democratic ‘Hackgate’: reports
15 Dec 2016
US intelligence officials say they believe Russian President Vladimir Putin was directly involved in efforts to disrupt this year’s US presidential election, NBC News reported
US Fed hikes rates to 0.50-75%, signals further tightening
15 Dec 2016
The Fed anticipates three more rate hikes in 2017, to be followed by another three through 2018 and 2019 before the rate levels off at a long-run 'normal' 3.0 per cent
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