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China’s Gold Rush Peaks, May Soon Surpass India as Largest Gold Market
Gold demand in China expanded to record levels in the first quarter of 2012, with total consumer demand in China surging 10 percent to reach a new high of...
Greece’s Euro Exit Would Be “Quite Messy” and “Extremely Expensive”: IMF
Head of the International Monetary Fund, Christine Lagarde, has warned that the consequences of Greece exiting the euro would be “extremely expensive and hard, and not just for Greece.”...
Afghanistan to Start Oil Extraction in 5 Months
According to an official, Afghanistan’s oil extraction will begin within the next five months, as the nation expands its efforts to tap its oil reserves, estimated to be worth...
Foreign Investors Forsaking India for More Promising Emerging Markets
Foreign investors are losing patience with India’s policy paralysis, corruption scandals and slow growth. According to a report by Reuters, India is experiencing an outflow of money as investors...
EU Agrees To Stricter Bank Rules
Members of the European Union have agreed on how to write new global rules for safer banking, after months of bitter clashes between Britain and the rest of the...
China FDI Falls For the Sixth Consecutive Month
In the latest sign of trouble for the world’s second largest economy, foreign direct investment into China fell 0.7 percent in April – the longest stretch of decline since...
Eurozone Narrowly Escapes Recession
On the back of strong export growth in Germany, the 17-nation eurozone currency bloc has managed to narrowly avoid recession in the first three months of the year. The...
China Wary of Australia-US Military Ties
China has voiced it concern over the growing military ties between Australia and the United States, with Chinese officials saying that “the time for Cold War alliances has long...
Infographic: Ways to Maximise the Summer Vacations
As we approach the summer holidays, the tourism industry in many countries prepare for its highest traffic as well as highest revenues in the year. For students, the summer...
Key Economic News To Watch This Week: May 14
A quick preview of the key economic events for the upcoming week: While Ben Bernanke said last week that the US banking system has recovered significantly; mortgage lending in...


