World economy
Alexis Tsipras to resign as Greek PM, calls snap polls: report
21 Aug 2015
With the Radical Left of the Syriza party set to break away,Tsipras has failed to defuse the internal opposition to the Greek bailout conitions
Commonwealth meet shifted to New York as Pakistan backs out over J&K issue
21 Aug 2015
A meeting of speakers of all states unanimously decided that India must boycott the event if the speaker of the J&K assembly was not invited
Greece privatises 14 airports in €1.23-bn sell-off to German company
19 Aug 2015
The hardest blow to Greek pride is the sale of its airports to Fraport AG, a company based in Germany, which has been the toughest negotiator in the €86 billion bailout loan
China’s economy transitioning to a slower but steady growth path: IMF
17 Aug 2015
In its annual assessment of the Chinese economy, the IMF urges the government to push forward with structural reforms and accept lower growth in the short term to secure sustainable and stable growth in the long run
Greek MPs approve €85bn bailout deal
14 Aug 2015
Euro zone finance ministers are expected to discuss the terms of the bailout at a meeting later on Friday
Rising US stocks push crude prices to a fresh 6-year low of $42 a barrel
14 Aug 2015
Crude oil prices, which have been in a tailspin over the past 14 months amidst rising US production of shale oil and OPEC’s unwillingness to cut back on production, have led to a supply surge
Massive explosions kill 50, injure 700 in Tianjin, China
13 Aug 2015
Witnesses say a giant fireball up to 100 metres high tore through the night sky as they rushed from their homes fearing an earthquake
Hillary Clinton to hand over private mail server for probe
12 Aug 2015
Democratic presidential candidate frontrunner Hillary Clinton will hand over her private email server, which she used while serving as secretary of state, to the US Justice Department
Chinese yuan devalued for second time within 24 hours
12 Aug 2015
The US treasury, which has been cautiously watching the Chinese currency movement, said it is too early to judge the implications of the devaluation
China devalues yuan to boost sagging exports
11 Aug 2015
China today announced a surprise devaluation of the yuan, giving Indian manufactures the jitters over a possible flood of cheap Chinese imports
Japan restarts N-power plant 4 years after Fukushima meltdown
11 Aug 2015
The move paves way for another 42 workable reactors to come back online, although safety concerns and legal hurdles may delay the process
Greece, lenders clinch $95-bn bailout deal
11 Aug 2015
An agreement would close a painful chapter of aid talks for Greece, which fought against austerity terms demanded by creditors for much of the year before relenting under the threat of being bounced out of the euro zone
Support for Japan’s Abe slides on plans to restart N-reactor
10 Aug 2015
The weekend survey showed the restart of the Sendai nuclear plant in Japan being opposed by 57 per cent of respondents
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