September 4, 2013
Raghuram Rajan takes charge of Reserve Bank of India
A former International Monetary Fund chief economist is taking over as the head of India's central bank, as it works to revive the falling rupee. Raghuram Rajan, 50, assumes the top job at the Reserve Bank of India on Wednesday. He arrives at a time…
August 26, 2013
Greece may need a third bailout
Greece may need a third bailout but would not accept new austerity measures, the Greek finance minister has said. Yannis Stournaras said: "If there is need for further support to Greece, it will be in the order of about 10bn euros (£8.6bn; $13.4bn),…
August 26, 2013
Argentina loses $1.3bn debt court appeal
Argentina has been told again it must pay back more than $1.3bn (£830m) to a group of investors - 11 years after its record debt default. A New York appeals court unanimously rejected every Argentine argument against the payout. The decision is the…
August 26, 2013
N.Y. attorney general suing Trump’s school for fraud
New York's attorney general accused Donald Trump in a lawsuit Saturday of defrauding students who studied at the billionaire mogul's investment institute, though Trump's representative said a large majority of the school's alumni were satisfied with…
August 26, 2013
Jump in mortgage rates hurts new home sales
Americans cut back sharply in July on their purchases of new homes, a sign that higher mortgage rates may slow the housing recovery. US sales of newly built homes dropped 13.4 per cent to a seasonally adjusted annual rate of 394,000, the Commerce…
August 26, 2013
IMF’s Lagarde urges caution over withdrawing stimulus
The head of the International Monetary Fund has warned central banks not to end their stimulus measures too soon. Christine Lagarde said stimulus policies were still needed in some regions, especially Europe and Japan. With signs that the global…
August 26, 2013
German budget surplus jumps in first half of year
Official figures show Germany's budget surplus rose to 0.6% of gross domestic product (GDP) in the first half of the year, boosted by higher tax income. The government pulled in 321.4bn euros in taxes, 3.8% more than a year ago thanks to its steady…
August 19, 2013
Telecoms company Cable & Wireless to quit UK after 140 years
Cable & Wireless Communications, the last remnant of a telecoms empire that once employed 54,000 people around the world, is to leave the UK. After 140 years as a British company, CWC is relocating its headquarters from Holborn in central…
August 13, 2013
LIAT signs US$65m loan agreement
The shareholder governments of the regional airline, LIAT, yesterday signed a US$65 million loan agreement with the Barbados-based Caribbean Development BanK (CDB) as the cash-strapped airline seeks to upgrade its ageing fleet. The loan represents…
August 13, 2013
Is there a new iPhone coming this fall?
In a day of whiplash-inducing reports about Apple’s health and future, the most tantalizing tidbit to emerge from the blogosphere was a simple date: Tuesday, Sept. 10, 2013. That, according to a report in AllThingsD attributed only to “sources,” is…