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Venezuela`s woes deepen as Citibank shuts teller window

Venezuela`s woes deepen as Citibank shuts teller window

Venezuela`s howling economic woes have worsened.

Nicolas Maduro in crackdown under Venezuela emergency decree

Nicolas Maduro in crackdown under Venezuela emergency decree

The embattled South American president is struggling to contain a paralysing recession that has led to food shortages, soaring prices, riots, looting and vigilante justice.

India only economy not affected by global economic crisis: PM Narendra Modi

India only economy not affected by global economic crisis: PM Narendra Modi

India is the only economy which has not been affected by the global economic crisis which has hit the world, primarily due to the policies being implemented by the government, Prime Minister Narendra Modi said Sunday.

Politics has become worse; but still believe in hope, says Barack Obama

Nine years after he announced his decision to run for the highest office in the country, US President Barack Obama today said that the politics of the country has become worse, but he is still hopeful.

Macro-prudential policies may fall short: RBI

Macro-prudential policies may fall short: RBI

Reserve Bank deputy governor R Gandhi said the challenge is how to establish an implementable framework to deal with the emerging systemic risks at an "incipient" stage itself.

US heading towards European way of economic crisis: Bobby Jindal

Indian-American Republican presidential candidate Bobby Jindal has said the US is heading towards the European way on economic crisis with USD 18 trillion in debt, record low participation rate in the workforce and record number of Americans on food stamps.

Rio Olympics organisers cut budget amid economic crisis

Rio Olympics organisers cut budget amid economic crisis

 Rio Olympic Games 2016 organisers have outlined plans to slash spending by about 10 percent to prevent next year's quadrennial extravaganza from running over budget.

Economic crisis: Is the future bleak?

As economic crisis in the developed economies continues, the best that is on offer is a slow recovery; the high growth rates of 1992-2007 are not likely to return anytime soon, says a new book.

Greek crisis to hit Indian exports, trigger capital outflows

Greek crisis to hit Indian exports, trigger capital outflows

With Greece witnessing a full- blown economic crisis, India's software and engineering exports may take a hit and the country may also face larger capital outflows due to a weaker euro, industry and government officials warned on Monday.

Putin says Russia weathering sanctions, lectures West

Putin says Russia weathering sanctions, lectures West

President Vladimir Putin boasted on Friday that Russia had found the "inner strength" to prevent sanctions causing a deep economic crisis, and told the West to stop using "the language of ultimatums". 

Vladimir Putin signs off on amnesty for hidden assets

Russian President Vladimir Putin signed into law on Monday an amnesty for people who illegally spirited funds out of the country, hoping to counter the capital flight that has contributed to the country's economic crisis.

Russia to pay record $800 million to savers in collapsed bank

Depositors in a Russian bank that collapsed due to the economic crisis will receive a record insurance payout of nearly 40 billion rubles (USD 800 million), an official said Friday.

Earthquake-hit Nepal stares at major economic crisis

Earthquake-ravaged Nepal is staring at a major economic crisis, with sectors like tourism and agriculture -- on which the country is heavily dependent -- thrown completely out of gear, industry body Assocham said on Thursday.

EU chief says Spain has not exited economic crisis

Spain can not say it has left behind its economic crisis until the sky-high unemployment rate returns to "normal levels", EU chief Jean-Claude Juncker said in an interview published Wednesday.

Spain has not exited economic crisis: EU chief

Spain can not say it has left behind its economic crisis until the sky-high unemployment rate returns to "normal levels", EU chief Jean-Claude Juncker said in an interview published Wednesday.

Spanish economy shows signs of getting back on track

The number of people registered as unemployed in 2014 dipped by 253,627 to 4.45 million, the labour ministry said this week.

Bleak 2015 for Spaniards still engulfed by economic crisis

Behind the iron door of a ground floor flat in Madrid`s working-class suburb of Vallecas around 30 people have gathered as Veronica Hidalgo announces she will be evicted from her home in 2015.

Russian President Valdimir Putin scraps New Year's holidays for ministers

Russian President Vladimir Putin has scrapped New Year's holidays for government ministers because of the unfolding economic crisis.

Ex-minister Kudrin warns of "full-fledged crisis" in Russia

Russia`s government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.

Greece sees investments as economic crisis' way out

Athens: Investment opportunities in Greece, along with best practices within the framework of sustainable development and growth prospects were the main topics of a conference held in Athens Wednesday.