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Top economies contract in first quarter of 2014: OECD

Last Updated: Thursday, July 03, 2014, 17:33

The Organisation for Economic Cooperation and Development had recorded growth of 0.5 percent in the previous quarter.

Oil holds above $114 on Iraq conflict

Last Updated: Wednesday, June 25, 2014, 10:42

Brent crude inched lower on Wednesday, but held close to a nine-month high above $114 a barrel as Sunni insurgents battled government forces for control of Iraq`s biggest refinery.

Japan to unveil fresh revival plans: Reports

Last Updated: Tuesday, June 24, 2014, 12:52

Japanese Prime Minister Shinzo Abe is Tuesday expected to unveil a fresh round of reforms to boost a nascent growth recovery, reports said, his second attempt at launching the "third arrow" of his economic action plan.

Unemployment of OECD `lost` generation edges down

Last Updated: Wednesday, June 11, 2014, 20:04

Eurozone unemployment is still far higher than the average rate across advanced countries, the OECD said on Wednesday just as Britain reported another fall.

Unemployment of OECD `lost` generation edges down

Last Updated: Wednesday, June 11, 2014, 19:21

Eurozone unemployment is still far higher than the average rate across advanced countries, the OECD said today just as Britain reported another fall.

India poised to return to high growth path: OECD

Last Updated: Tuesday, June 10, 2014, 19:40

India has grown below 5 percent in each of the two previous financial years mainly because of the global slowdown.

OECD sees momentum easing in developing states, India stable

Last Updated: Tuesday, June 10, 2014, 16:52

Growth momentum is weakening in major developing economies with the exception of India while the economic outlook is stable for most developed countries, the OECD said on Tuesday.

Spain okays Repsol plan for Canary Islands exploration

Last Updated: Friday, May 30, 2014, 06:10

The Spanish government on Thursday gave oil giant Repsol the green light to explore for oil and gas off the coast of the Canary Islands, a move that environmental groups described as "unjustifiable".

Growth in advanced countries slows, Britain jumps ahead: OECD

Last Updated: Tuesday, May 20, 2014, 16:42

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.

Growth weakening in major emerging economies: OECD

Last Updated: Tuesday, May 13, 2014, 19:30

Growth is weakening in major emerging economies, the OECD said on Tuesday, while the recovery in the eurozone remains on track despite some signs of a slowdown in Germany.

India expected to see weak economic growth: OECD

Last Updated: Tuesday, May 13, 2014, 18:27

Besides India and China, the Organisation for Economic Cooperation and Development (OECD) has projected weak growth for Brazil and Russia as well.

India, others need to wait till 2017 for automatic tax info

Last Updated: Sunday, May 11, 2014, 14:27

India, Switzerland and 45 other nations had agreed upon automatic exchange of tax information, which is seen as a major step forward in global efforts against banking secrecy practices.