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BRICS shake up global economic architecture

Last Updated: Sunday, July 20, 2014, 09:18

For the past 70 years, the International Monetary Fund and the World Bank have been the pillars of the world`s economic system.

BRICS development bank: What`s in it for India?

Last Updated: Wednesday, July 16, 2014, 16:18

The formation of the BRICS bank is being hailed as a significant step in the developing world`s endeavour to have a more credible say in the global economy.

German industrial output falls as Ukraine, Iraq crises bite

Last Updated: Monday, July 07, 2014, 14:51

German industrial production fell for the third month in a row in May, hit by calendar effects and uncertainty about the economic fallout from the Ukraine and Iraq crises, data showed Monday.

Global economy weekahead; living in interesting times

Last Updated: Sunday, July 06, 2014, 15:57

The European Central bank cut rates last month and may yet have to resort to quantitative easing to ward off deflation.

Gold price hovers below 3-month high

Last Updated: Thursday, July 03, 2014, 12:26

Gold fell 0.3 percent to USD 1,322.60 an ounce Thursday after hitting a 3-month high of USD 1,332.10 hit earlier this week.

Global Economy Prize for Biocon's Kiran Mazumdar-Shaw

Last Updated: Monday, June 23, 2014, 22:16

Mazumdar-Shaw is the first Indian woman and fourth Indian to be conferred this prize.

Indian economy to grow at 5.5% this fiscal: World Bank

Last Updated: Friday, June 20, 2014, 20:29

India`s recent growth has been well below potential, which provides space for economic activity to accelerate without building inflationary pressures.

Wall Street Week Ahead: Iraq conflict brings defense stocks in focus

Last Updated: Saturday, June 14, 2014, 10:38

With the possibility of escalating violence in Iraq, stocks in the defense sector could garner more attention next week.

Hong Kong stocks end 0.25% lower

Last Updated: Wednesday, June 11, 2014, 16:37

Hong Kong shares fell 0.25 percent on Wednesday as profit-takers moved in after a healthy two-day rally.

WB forecasts disappointing growth for developing countries

Last Updated: Wednesday, June 11, 2014, 11:07

Developing countries are headed for a year of disappointing growth, the World Bank said in its Global Economic Prospects (GEP) report, which has lowered its forecasts for developing countries to 4.8 percent growth rate this year from the January estimate of 5.3 percent.

Cyber crime costs global economy $445 billion a year: Report

Last Updated: Monday, June 09, 2014, 21:25

Cyber crime costs the global economy about USD 445 billion every year, with the damage to business from the theft of intellectual property exceeding the $160 billion loss to individuals from hacking, according to research published on Monday.

Global shares slip, euro gains as ECB seen poised to act

Last Updated: Wednesday, June 04, 2014, 09:37

Global equity markets slipped on Tuesday from record or multi-year highs, while euro zone inflation data gave the euro some respite on relief that price growth in the single currency zone did not slow as much as some had expected.