World economy
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
Trump should divest himself of his business to avoid conflict of interest: US ethics office
14 Dec 2016
Venezuela scraps largest-denomination banknote
13 Dec 2016
Exxon chief Rex Tillerson to be Trump’s secretary of state
13 Dec 2016
The selection of Exxon CEO Tillerson as America’s top diplomat has raised Republican hackles due to his close ties with Russian President Vladimir Putin, and a messy confirmation battle in the Senate may be in the offing
Trump questions America’s ‘one China’ policy, irks Beijing
13 Dec 2016
US President-elect Donald Trump said on Sunday the United States did not necessarily have to stick to its long-established position that Taiwan is part of ‘one China’, prompting a furious protest from the Asian giant
Trump vows to end H1B visa woes of American workers
10 Dec 2016
Donald Trump won the US Presidential election riding a wave of anti-immigrant sentiment, especially against the influx of South Americans and Muslims, into the United States
Mobile money access lifted 2% of Kenyan households out of poverty, finds new study
09 Dec 2016
The expansion of mobile money, introduced in Kenya in 2007, now reaches 96 per cent of the country's households, helping to bring hundreds of thousands of Kenyans out of poverty, especially those in female-headed households
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