World economy
BRICS’s New Development Bank opens in Shanghai
21 Jul 2015
Leaders of the five countries have repeatedly emphasised that the New Development Bank would complement rather than compete with the IMF and the World Bank
Obama adviser Maurice Obstfeld takes over as IMF’s new chief economist
21 Jul 2015
Maurice Obstfeld is known around the globe for his work on international economics and is considered one of the most influential macroeconomists
US, Cuba restart diplomatic engagement after more than a decade
20 Jul 2015
The United States and Cuba have restarted diplomatic engagements and reopened their embassies at Havana and Washington on Monday, since severing ties in 1961
Greek banks to re-open on Monday, deprivations remain
20 Jul 2015
The €60 daily withdrawal limit has now been modified to €420 a week and Greek have been allowed to use bank cards to make payments while they are out of the country, but capital controls remain in place
Greek banks to re-open on Monday, deprivations remain
18 Jul 2015
The 60 euro daily withdrawal limit has now been converted to 420 euros a week and Greek have been allowed to use bank cards to make payments while they are out of the country, but capital controls remain in place
German parliament votes ‘yes’ to Greek bailout talks
18 Jul 2015
The alternative to an agreement would not be a time-out from the euro that would be orderly but predictable chaos, warned German Chancellor Angela Merkel
Iran offers India expanded role in strategic port: report
18 Jul 2015
Chabahar in southeast Iran is key to India’s efforts to access and pursue its economic and security interests in landlocked Afghanistan and the Central Asian nations circumventing Pakistan
Greece gains, Tsipras loses as parliament approves EU bailout package
16 Jul 2015
Greek Prime Minister Alexis Tsipras managed to get the deal approved with support from pro-European opposition parties, which left a question over the future of his government
China’s 7% Q2 GDP growth beats forecast
16 Jul 2015
The Chinese economy has posted a 7-per cent growth in the second quarter, demonstrating that the world’s second-largest economy is on a stable path
Impact of Iran nuclear deal on oil markets
15 Jul 2015
IMF slams eurozone bailout deal to Greece
15 Jul 2015
BoJ keeps stimulus intact amidst slackening of exports
15 Jul 2015
The Japanese central bank will keep expanding base money at an annual pace of ¥80 trillion ($648 billion) via aggressive asset purchases
Markets cheer as Iran, West clinch nuclear deal
14 Jul 2015
The agreement could potentially change the economic equations in the Middle East with Iran emerging as the new growth centre
Chinese stocks recover for third day as regulators crack down on margin lending
13 Jul 2015
The recovery that began at the end of last week, ended a run of almost a month of heavy losses that saw Shanghai sink about 30 per cent, wiping trillions off valuations
EU tightens screws as Greek govt bends backwards
13 Jul 2015
The Euro zone will give Greece up to $96 billion in fresh bailout loans, on the condition that the government of Prime Minister Alexis Tsipras reverses its referendum mandate and implements a round of harsher austerity measures
Global oil demand to slow in 2016: IEA
11 Jul 2015
Oil demand, which peaked in the first quarter at 1.8 mbpd, will continue to ease in 2015 and into 2016 as temporary support fades, warns a new report by the International Energy Agency
Farming a driving force in drying soil in Northern China
11 Jul 2015
An important agricultural region in China is drying out, and increased farming may be more to blame than rising temperatures and less rain, according to a study spanning 30 years of data
Greek parliament clears austerity measures, opens way for bailout
11 Jul 2015
On Friday Greek Prime Minister Alexis Tsipras had appealed to his party's lawmakers to back a tough reforms package to try to save the country from financial meltdown
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