Japan PM Shinzo Abe delays tax hike in blow for Abenomics

Japan PM Shinzo Abe delays tax hike in blow for Abenomics

Tokyo: Japanese Prime Minister Shinzo Abe on Wednesday said he would delay a sales tax hike that threatened to derail the fragile economy, but analysts said it highlighted the failure of his years-long efforts to spark growth.

Jun 01, 2016, 18:02 PM IST
IMF warns of economic risks from Brexit

IMF warns of economic risks from Brexit

The International Monetary Fund on Friday warned that Britain's potential exit from the European Union posed a "significant downside risk" to the economy.

May 13, 2016, 17:47 PM IST

Is ISIS facing fund crisis?

As US army is dropping bombs on the oil wells of Syria the ISIS is suffering huge losses and undergoing a recession. Due to this problem ISIS is not even giving a full salary to its terrorists.

Jan 19, 2016, 12:44 PM IST
Watch out for US recession, zero interest rates in China next year: Citi

Watch out for US recession, zero interest rates in China next year: Citi

The outlook for the global economy next year is darkening, with a US recession and China becoming the first major emerging market to slash interest rates to zero both potential scenarios, according to Citi. 

Dec 02, 2015, 20:10 PM IST

Canada exits recession with 2.3% growth in Q3

Canada exited recession in the third quarter, as its economy bounced back with 2.3 percent annual growth after being hit by plunging oil prices earlier this year , the government statistics agency announced Tuesday.

Dec 01, 2015, 23:28 PM IST

Russia says recession over but economic pain goes on

An end to Russia's recession would imply an increase in GDP in the third quarter over the second, but Ulyukaev offered no quarter-on-quarter figures.

Nov 23, 2015, 22:19 PM IST

Greece will tumble back into deep recession in 2015: EU

The Greek economy, which crawled out of a six-year recession only in 2014, will shrink 2.3 percent in 2015 and another 1.3 percent in 2016, the sources said.

Aug 12, 2015, 18:30 PM IST
Rio de Janeiro confident a year before 2016 Olympic Games but questions remain

Rio de Janeiro confident a year before 2016 Olympic Games but questions remain

Brazil`s economy is heading for recession, the president is threatened with impeachment and a huge corruption scandal has engulfed the nation but Rio is riding a wave of confidence in its preparations to host the Olympics next year.

Aug 05, 2015, 10:00 AM IST

Recession, not gas, drove drop in US emissions: Study

Economic recession was the main cause for a drop in United States carbon dioxide emissions between 2007 and 2013 -- not a shift from coal- to gas-fuelled energy as widely claimed, researchers said Tuesday.

Jul 21, 2015, 22:18 PM IST

Cyprus stuck in recession 3 years after bailout: EU

Eurozone country Cyprus will not shake off a three-year recession in 2015, a European Commission spring forecast predicted on Tuesday.

May 05, 2015, 19:04 PM IST

Canada posts first budget surplus since Great Recession

Canada posted its first budget surplus since the global economic downturn on Tuesday, lifting the re-election hopes of Prime Minister Stephen Harper`s Tories in six months.

Apr 22, 2015, 05:30 AM IST

Japan out of recession but growth lower than thought: Govt

Japan`s economy grew less than initially thought in the final quarter of 2014, revised government data showed Monday, showing the world`s third largest economy limping out of recession.

Mar 09, 2015, 07:21 AM IST

US has best economic growth prospects: Barack Obama

President Barack Obama has said the US has "risen from recession" and has got better prospects of economic growth than any other country, including India, China or Germany.

Feb 07, 2015, 06:58 AM IST

Obama to say US turning the page on `vicious recession`

President Barack Obama will draw a line under years of economic hardship during his State of the Union address on Tuesday, directly challenging his Republican foes to help the middle class.

Jan 21, 2015, 06:01 AM IST

Venezuela's Maduro heads to China to seek financial aid

Venezuelan President Nicolas Maduro begins a trip to China and OPEC member countries in search of financial support as his country reels from falling oil prices and a tattered economy.

Jan 05, 2015, 04:34 AM IST

Russia at risk of "deep recession", says Medvedev

Russian Prime Minister Dmitry Medvedev has warned that the country stares at a "deep recession" and accused some countries of deliberately hindering Russia`s economic progress, alluding to the West.

Dec 24, 2014, 09:13 AM IST

Angela Merkel warns of recession in Europe

German Chancellor Angela Merkel on Tuesday warned that Europe could slide back into recession, media reported.

Nov 26, 2014, 04:11 AM IST

Japan's PM Abe set to call snap poll, delay tax hike

Tokyo: Prime Minister Shinzo Abe is set Tuesday to call a snap election, and seek voters' endorsement for more economic reforms after Japan slipped into recession.

Nov 18, 2014, 13:29 PM IST

Germany skirted recession in Q3: Ministry

Growth in Germany is slowing, but Europe`s biggest economy still managed to scrape past a new recession in the third quarter of this year, the Economy Ministry said Wednesday.

Nov 12, 2014, 17:58 PM IST

Two million defiant Catalans vote on breakaway from Spain

Two million Catalans turned out Sunday to vote on independence from Spain in a symbolic ballot, defying challenges from the Spanish government.

Nov 10, 2014, 04:16 AM IST