Tehran: Iran's oil minister said today that the Islamic republic supports "any decision" to stabilise the global oil market and that USD 50-60 per barrel is the desired price for most OPEC members.
India, China, the US and other G20 leaders today pledged to continue supporting international tax co-operation to achieve globally fair and modern international tax system, foster growth and refrain from competitive devaluation of currencies.
G-20 leaders, including those from India, the US and China, Monday promised to roll back protectionist measures by 2018-end and ensure rule-based and transparent multilateral trading system with WTO for global growth.
Saudi Arabia and Russia on Monday signed a deal to seek cooperation in the oil market, including on limiting output, sending oil prices sharply higher on hopes the two top producers would work together to tackle a global glut.
G20 leaders resolved to combat a "populist backlash" against global trade, and highlight the benefits it has brought including lifting millions out of poverty, IMF's Christine Lagarde said Monday.
Hangzhou: Britain's new visa policy could have a "negative impact" on Indian working professionals' short term business visits to the UK, Prime Minister Narendra Modi today told his British counterpart Theresa May during their first meeting after she became Premier.
Eurozone business growth in August was at its weakest since the start of last year, suggesting the bloc`s struggling economy is losing what little momentum it had, a private sector survey showed on Monday.
The slowdown in Islamic finance growth is likely to continue through 2017 due to low oil prices and lack of regulation, Standard and Poor`s Global Ratings said Monday.
JAKARTA/BEIJING - Indonesia has asked the chairman of China`s Alibaba Group Holding Ltd, Jack Ma, to act as adviser in the development of the Southeast Asian country`s nascent e-commerce industry, according to a video released by the government.
Asian stock markets rallied Monday and the dollar dipped as a slowdown in US jobs creation doused expectations for an interest rate hike this month while at the same time showing the world`s top economy was still improving.
Prime Minister Narendra Modi on Sunday stressed on structural reforms to revive global growth and urged the G20 nations to adopt an action oriented agenda of collective, coordinated and targeted action.
The global economy is being threatened by rising protectionism and risks from highly leveraged financial markets, Chinese President Xi Jinping said at the open of a two-day summit of leaders from G20 nations.
G20 leaders meet Sunday charged with reviving the sluggish world economy, but a growing anti-globalisation mood and alarm over China`s territorial ambitions loom over the summit in the scenic city of Hangzhou.
Up to 2,000 protestors marched through the streets of London on Saturday to voice their discontent after June's referendum vote to leave the European Union.
Global economic slowdown, raising protectionism, structural reforms to expand global trade and creation of jobs, innovation, inclusive growth and climate finance are the key topics to be discussed at the two-day G20 summit starting in this picturesque Chinese city tomorrow.
The Chinese government said on Friday it was investigating two high-profile takeover proposals involving US companies, the latest sign of its growing influence on whether deals are approved - even those appearing to have little impact in China.
US job creation slowed in August, the economy adding 151,000 new positions, according to data released Friday by the Labor Department.
Ireland`s cabinet agreed on Friday to join Apple in appealing against a multi-billion-euro back tax demand that the European Commission has slapped on the iPhone maker, despite misgivings among independents who back the fragile coalition.
Chinese anti-monopoly regulators are reviewing the proposed merger of ride-hailing service Uber Technology Ltd.'s Chinese operations with its biggest local competitor.
The head of the International Monetary Fund on Thursday called on global leaders to take "forceful" action to revive the world economy, sounding a stark warning ahead of this weekend`s G20 summit.