Japan shares G-7 push for inclusive growth with Asia, Africa

Japan shares G-7 push for inclusive growth with Asia, Africa

Japanese Prime Minister Shinzo Abe is sharing a push by the Group of Seven advanced industrial nations to promote inclusive growth across the globe in meetings with leaders of seven developing countries.

World economy is an 'urgent priority': G7 leaders

World economy is an 'urgent priority': G7 leaders

Group of Seven leaders on Friday said that pumping up the world economy was an "urgent priority", but left the door open for a go-your-own-way approach in a sign of lingering divisions over how to boost growth.

 

G20 ministers face pressure on economic growth, tax evasion

G20 ministers face pressure on economic growth, tax evasion

Finance ministers of the world`s top economies face pressure to do more for global growth and crack down on tax evasion when they gather Friday during the spring meetings of the IMF and World Bank.

India ray of hope in world economy; Govt committed to poor: PM

India ray of hope in world economy; Govt committed to poor: PM

Prime Minister Narendra Modi on Saturday said if there was a ray of hope in the world economy, it was India, as he asserted that his government was committed to transform the lives of the poor and villages.

Francois Hollande declares economic emergency in France

Francois Hollande declares economic emergency in France

French President Francois Hollande Monday pledged to redefine France's business model and declared what he called "a state of economic and social emergency," unveiling a 2-billion-euro (USD 2.2 billion) plan to revive hiring and catch up with a fast-moving world economy.

Key bank warns against `uneasy calm` in global markets

Key bank warns against `uneasy calm` in global markets

The BIS -- known as the central bank of central banks -- made the call in its quarterly report which is closely watched by investors.

India a bright spot in slowing world economy: IMF chief

India a bright spot in slowing world economy: IMF chief

IMF chief Christine Lagarde has said that global growth will likely be weaker this year with only a modest acceleration expected in 2016 but India remains a bright spot.

India can replace China as driver of global growth: FM Jaitley

Seeing an opportunity in the recent turmoil in global equity and currency markets, Finance Minister Arun Jaitley Thursday said India, with 8-9 percent growth rate, can replace China as the driver of world economy.

Global stocks rout on investors' fears over world economy

World stock markets were hammered with heavy losses on Friday, as China`s economic woes triggered European and Wall Street equity sell-offs and stirred up fears for global growth.

Global economy: Second half of 2015 begins on shaky note

Global economy: Second half of 2015 begins on shaky note

The global economy started the second half of the year on shaky ground as business activity in the euro zone was weaker than expected and China`s vast factory sector appeared to be contracting at the fastest pace in 15 months in July.

No growth burst on the horizon yet for world economy

With little sign of accelerating growth or inflation, most central banks are still looking to ease monetary policy, in stark contrast to the U.S. Federal Reserve which is on the brink of its first rate hike in nearly a decade.

China's economic troubles not good news for India: ASSOCHAM

Economic troubles for China will not be a great news for India which cannot be in `sweet spot` as there would be more negatives than positives from the ripples of a Dragon dragging the shaky world economy, an ASSOCHAM paper has said.

Rajan did not imply world facing new Great Depression: RBI

"We need rules of the game in order to effect a better solution. I think it is time to start debating what should the global rules of the game be on what is allowed in terms of central bank action," he said.

Raghuram Rajan warns of Great Depression-like problems in world economy

Rajan, who is among the few to have predicted the 2008 financial crisis, said the problem was a "broader" one and for the entire world -- not just for industrial countries or emerging markets.

G7 warns Russia of more sanctions, pledge strong action to fight climate change

G7 warns Russia of more sanctions, pledge strong action to fight climate change

World leaders Monday warned Russia it would face stepped-up sanctions for its "aggression" in Ukraine, as they wrapped up a G7 meeting also pledging strong action to fight climate change.

OECD calls US dip a blip, but chops world growth forecast

It predicted the world economy would grow at a rate of 3.1 percent this year, down from the 4.0 percent increase it projected in March.

China 2014 auto sales beat 23 mn, but growth slows

Sales rose 6.9 percent, or 1.51 million vehicles, to 23.49 million, the China Association of Automobile Manufacturers (CAAM) said.

Argentina`s economy loses ground

Argentina`s economy contracted 0.8 percent late this year, amid weaker industrial output and weaker exports, authorities said Monday.

Oil prices fall more than $1, dropping to five-year lows

Crude oil prices on tumbled Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.

China November inflation falls to five-year-low 1.4%: Govt

China`s consumer inflation fell to a five-year low of 1.4 percent in November, the government said Wednesday, fuelling concern about the danger of deflation in the world`s second-largest economy.