International Economy

Sri Lankan economy grows

Sri Lanka's economy grew by 6.8 percent in the second quarter of 2013, improving from a 6 percent growth in…

10 years ago

Business confidence grows in Australia: Survey

Confidence to pursue business in Australia surged to its highest level in more than two years in August, reflecting an…

10 years ago

China industrial output growth at 17-month high

China's industrial production gained traction in August with its value-added output expanding at its fastest pace in 17 months

10 years ago

Dollar drops on Fed stimulus concerns

The US dollar fell against major currencies and is being continuously pressured by the sluggish US non-farm sector.

10 years ago

US consumer credit up 4.4 percent in July

US consumer credit grew at an annual rate of 4.4 percent in July, as the growth pace slowed down from…

10 years ago

Illicit outflows fleeced India, Asian nations of billions

India, Malaysia and Indonesia were fleeced to the tune of $517 billion through illicit financial outflows over the past decade,…

10 years ago

British economy is recovering, say economists

The British economic recovery is now moving at a robust pace equivalent to about 3 percent growth per annum, according…

10 years ago

Jobs paint grim picture of US unemployment crisis

The number of jobs in the US continued to paint a bleak picture of the ongoing unemployment crisis in the…

10 years ago

India, Japan expand currency swap pact to $50 bn

India and Japan have decided to expand their currency swap agreement, a financial tool to help cushion volatility in foreign…

10 years ago

China’s yuan weakens against US dollar

The Chinese currency renminbi or yuan retreated 32 basis points to 6.1728 against the US dollar on Friday, according to…

10 years ago

US service sector picks up in August

Growth in the US non-manufacturing sector showed significant improvement in August as compared to previous months, a widely recognised private…

10 years ago

South Korea’s revised GDP remains intact

The revised figure of South Korea's GDP for the April-June second quarter was unchanged at 1.1 percent on an on-quarter…

10 years ago

US economy growing moderately: Survey

The US economy maintained a "modest to moderate" growth from early July through late August, boosted by housing recovery and…

10 years ago

IMF approves $6.7 bn loan for Pakistan

The International Monetary Fund (IMF) approved on Wednesday a $6.7-billion loan programme for Pakistan to support the country's economic reform…

10 years ago

Australian economy goes up in April-June quarter

Australia's economy grew by 0.6 percent in the April-June quarter, the Australian Bureau of statistics reported on Wednesday.

10 years ago

Rich nations must not harm emerging economies: PM

Prime Minister Manmohan Singh on Wednesday said rich nations, which are showing signs of recovery, must not pursue policies that…

10 years ago

Pakistan to get $2 billion bailout from IMF

The Pakistani government is likely to receive over $2 billion from the International Monetary Fund (IMF) this week under its…

10 years ago

China, Asean to work on economic co-operation

Chinese Premier Li Keqiang on Tuesday called for an "upgraded version" of the free trade area between China and the…

10 years ago