India bright spot in global economy; caste-bias a concern: Jim Yong Kim
World Bank Sunday said India can grow at 6.4 percent in 2015 and accelerate further next year, but cautioned that an enduring "bias" on the basis of caste and other factors can impede prosperity.
Jan 11, 2015, 16:44 PM IST
Saudi crown prince blames weak growth for oil 'tensions'
A weak global economy is the main reason for "tensions" in world oil markets, Saudi Arabia's crown prince said Tuesday, in a speech on behalf of ailing King Abdullah.
Jan 06, 2015, 23:04 PM IST
US factory sector suffers end-of-year chill
The US factory sector grew at its slowest pace in six months in December, a sign that weakness in the global economy is weighing on the United States.
Jan 02, 2015, 22:33 PM IST
EU leaders agree investment package to boost economy
European Union (EU) leaders endorsed a new investment programme intended to kick-start economic growth in the bloc at a summit in Brussels, which its chairman said would end late on Thursday.
Dec 19, 2014, 11:04 AM IST
Rouble hits new lows as Russian rate hike fails to support
A sharp overnight rate hike failed to ease pressure on the rouble on Tuesday, as the market continued to test the central bank`s resolve to defend the currency and piled more pressure on Russia`s faltering economy.
Dec 16, 2014, 16:04 PM IST
Indian economy has potential to grow at higher rate: Arun Jaitley
Finance Minister Arun Jaitley Monday said India has the potential to grow at a higher rate even at a time when the world economy is going through a critical phase.
Dec 15, 2014, 21:45 PM IST
Oil, coal and iron ore at financial crisis levels
Tumbling oil, coal and iron ore prices are now all at levels last seen during or before the financial crisis of 2008/2009, signalling not only the impact of a glut of supplies but deeper weakness in parts of the global economy, analysts say.
Dec 15, 2014, 18:55 PM IST
Worldwide GDP up 50% in 1992-2010: Report
There has been a significant increase of 50 percent in global wealth between 1990 and 2010, but it rose by only an "anaemic" 6 percent during this period if measured in terms of sustainable development.
Dec 10, 2014, 18:22 PM IST
Italy downgrade casts gloom over euro zone
European stocks and government bonds dipped on Monday as weak data from Asia, a rating downgrade for Italy and the slump in oil prices stoked concerns about global growth.
Dec 08, 2014, 15:40 PM IST
ECB set to talk up stimulus measures but hold fire
The European Central Bank, at its final meeting of the year on Thursday, will prime the markets for new anti-deflation measures, but will wait until early next year to act, analysts said.
Dec 04, 2014, 10:10 AM IST
Lower oil prices will boost global economy: IMF chief Lagarde
The recent decline in oil prices will help boost global economy, IMF chief Christine Lagarde has said, as global oil prices have tumbled to multi year low.
Dec 02, 2014, 08:58 AM IST
OECD sees gradual world recovery, urges ECB to do more
The global economy will gradually improve over the next two years but Japan will grow less than previously expected while the euro zone struggles with stagnation and an increased deflation risk, the OECD said on Tuesday.
Nov 25, 2014, 18:28 PM IST
G20's new growth plans suspiciously long in the tooth
As leaders of the world`s 20 most powerful nations congratulate themselves on plans to boost economic growth, a closer look at their 800-plus policy proposals reveals a catalogue of measures that are either old, vague or unlikely to be implemented.
Nov 18, 2014, 11:49 AM IST
G20 plans major investment initiatives in countries like India
The G20 has cited India among other countries for launch of major investment initiatives and for having a sustainable growth.
Nov 17, 2014, 12:18 PM IST
Lagarde for expeditious quota reforms at IMF
IMF Managing Director Christine Lagarde on Sunday said she agreed with G20 leaders' call for expeditious implementation of the quota and governance reforms at the global financial institution.
Nov 16, 2014, 21:08 PM IST
G20 leaders face pressure to deliver on growth
The world`s top industrial nations have vowed to boost their combined economic output by some two trillion dollars above the currently projected level in the next five years, via domestic policy reforms.
Nov 16, 2014, 08:30 AM IST
BRICS should raise voice in global economic governance: China
The BRICS countries should actively participate in international multilateral cooperation and raise their voice in global economic governance, Chinese President Xi Jinping said here Saturday.
Nov 15, 2014, 13:56 PM IST
OECD urges countries to step up support for fragile growth
The OECD's chief economist Catherine Mann warned that "overall, the euro area is grinding to a standstill and poses a major risk to world growth..."
Nov 06, 2014, 22:31 PM IST
APEC set to launch study on China-backed free trade area
Ministers from 12 countries will meet on the sidelines of APEC to discuss the TPP, a deal that falls outside of the summit`s agenda but aims to tackle the kind of market restrictions still seen in China`s economy.
Nov 06, 2014, 17:33 PM IST
China slowdown to bruise global economy: Survey
China's roaring economy for years has pulled much of the rest of the world with it, soaking up oil, iron ore and other commodities from developing countries and autos and luxury goods from Europe.
Nov 02, 2014, 22:31 PM IST
