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Indian economy grew 7.1% in first 6 months of current fiscal despite global headwinds

Indian economy grew 7.1% in first 6 months of current fiscal despite global headwinds

India's economy grew at 7.1 percent in the first six months of the current financial year despite subdued growth in the world economy, Union Minister Nirmala Sitharaman said Monday.Despite demonetisation, India's GDP growth to be higher than China's: Fitch Ratings

Papua New Guinea leader survives no-confidence vote

Papua New Guinea`s Prime Minister Peter O`Neill survived a no-confidence vote in parliament Friday over corruption allegations following weeks of protests and civil disobedience urging him to resign.

Economic growth no longer translates into more greenhouse gas: IEA

Global economic growth did not translate into more harmful greenhouse gas emissions from the energy sector last year, the IEA said on Wednesday, a strong indication that growth and increased pollution no longer go hand in hand.

Gold price surges to highest level since June as share prices slide

The price of gold jumped 2 percent to a 7-1/2-month high on Monday, briefly nudging above the psychological level of $1,200 an ounce, as sliding stock markets and worries over global economic growth prompted investors to seek safety.

IMF cuts world growth forecast, warns of emerging market risks

IMF cuts world growth forecast, warns of emerging market risks

The International Monetary Fund warned of substantial risks in the major emerging market economies Tuesday as it lowered its outlook for global economic growth this year.

Global growth will be disappointing in 2016: IMF's Lagarde

Global economic growth will be disappointing next year and the outlook for the medium-term has also deteriorated, the head of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.

G20 leaders push for lifting of global growth

Endorsing India's stand, the G20 leaders on Monday pushed for a collective plan to lift global growth, create employment and promote development to eradicate poverty and to ensure equitable, sustained and balanced growth.

US asks China to fast-track reforms, refrain from devaluation

As the world leaders expressed concern here over slowdown in China dragging down the global economic growth, the US Treasury Secretary Jacob Lew has told his Chinese counterpart to ensure that the currency is allowed to move freely as per market forces.

IMF's Lagarde sees weaker-than-expected global economic growth

"Overall, we expect global growth to remain moderate and likely weaker than we anticipated last July," Lagarde said.

Structural reforms must to spur global economic growth: Experts at WEF meet

Calling for structural reforms to bolster global growth, business leaders and experts Wednesday emphasised that politicians need to do their work rather than just depend on monetary policies.

World stocks drop after new signs of slower growth; oil rebounds

World stock markets fell on Monday as slowing factory activity in China and Europe added to worries about weaker global growth and Apple shares dropped, while the yen hit a seven-year low against the dollar before recovering.

Early curbs on carbon would not hamstring growth: IPCC

Global economic growth "would not be strongly affected" by rolling back carbon emissions but the cost will rise if action is delayed, the United Nations` climate panel said on Sunday.

Gold price rises 1% as stocks extend losses on growth fears

Gold was up 0.9 percent at $1,219.30 an ounce Wednesday, having earlier touched a high of $1,220.40.

Growth worries grip world stocks, oil

European stock markets fell for a second day on Wednesday, pushing world share indexes back towards their lowest in six months as concern mounts over the strength of global economic growth.

US stocks sink on economic, Ebola worries

Wall Street stocks finished sharply lower Wednesday following mixed US economic data amid worsening anxiety over global economic growth and the first confirmed Ebola case in the United States.

IMF calls on G20 for 'decisive action' on growth

The International Monetary Fund on Wednesday called on the Group of 20 major economies to take clear steps to spur growth at this weekend`s meeting of finance chiefs in Australia.

G20 grapples with growth targets as eurozone drags

Finance ministers from G20 nations meet in Cairns this weekend as they grapple with how to achieve a lift in global growth by two percent while being held back by a sickly eurozone recovery.

Sharing of tax info to be part of G20 Brisbane summit in Nov

Sharing of tax information and pushing global economic growth by an additional 2 percent in the next five years will be a part of agenda at the Brisbane Summit of the G20 leaders to be held in November.

Growth in advanced countries slows, Britain jumps ahead: OECD

Economic growth in Japan, Germany and Britain picked up strongly in the first quarter of the year, leading output in advanced countries which slowed down overall, the latest OECD data showed on Tuesday.

G20 vows to boost global GDP by $2 trillion in next 5 years

G-20 members said they would ensure that their comprehensive growth strategies to be presented at the Brisbane Summit outline ambitious, realistic and concrete measures to achieve strong, sustainable and balanced growth.