IMF Identifies Trends and Ticks Shaping Global Economy
IMF believes persistent income inequality will threaten global growth and macroeconomic stability.
George Akerlof: Impose Uniform Tax on Carbon Emissions to Fight Global Warming
Nobel Prize winning economist identifies climate change as the biggest problem facing the global economy of the future.
BNY Mellon Shot by Both Sides in Argentine Default Saga
BNY Mellon's permission to operate in Argentina is revoked, after suit by four hedge funds.
Global Equities Hit Historic $66tn as S&P 500 Closes Above 2,000 Mark
European equities are now playing catch up to Wall Street.
India: Cancellation of Coal Mining Licences to Inflate Import Bill by $3bn
India's Supreme Court has held as illegal coal mining licences awarded to various firms between 1993 and 2009.
India Expects First Quarter Growth Fastest in Two Years
New Delhi will put out the April-June first-quarter's GDP figures on 29 August.
French PM Manuel Valls to Unveil New Cabinet After Rebel Ministers Ejected
French economy minister Arnaud Montebourg, education minister Benoît Hamon and culture minister Aurélie Filippetti ousted by French prime minister Valls.
Investors Eye More Gains From S&P 500
S&P 500 to battle geopolitical pressure, US data and corporate earnings on 26 August.
India: Adani Plans $2bn Mega Power Plant in Odisha
Adani Group is India's largest private power producer.
India: Supreme Court Rules Coal Mining Licences Since 1993 Illegal
India's Supreme Court to examine whether some or all 218 coal mining licences should be cancelled.
Heinz China Recall: Fragmented Supply Chains and Food Tracking Issues Compound Problems
China is dotted with small farms and barcode tracking systems for produce are largely missing.
China: Firms Float $3.3bn Fund to Bolster Civil Aviation Industry
Fund to pump money into airport construction, aviation economic zones and budget carriers.
Uber May Have to Alter Modus Operandi in India Following Central Bank Directive
Reserve Bank of India says firms must apply two-step verification process for credit card payments.
Goldman Sachs to Buy Back Mortgage-backed Securities from Fannie Mae and Freddie Mac
$3.15bn purchase from US home finance majors settles Federal Housing Finance Agency claims.
Oil Futures Drop on Glut of Bearish News for Crude Market
Upbeat US data, rising output from Libya and demand for crude oil revisions weighed on prices.
Gold Prices to Drop Further on Upbeat US Economic Data
BofA Merrill Lynch analysts say next level to watch is Triangle support at $1269.
Royal Bank of Canada's Third-Quarter Profit Rises to $2.17bn
RBC ups quarterly dividend to 75 Canadian cents per share.
BP to Spend $9.3bn on Exploration and Fuel Stations in Australia
BP owns about 330 of the 1,300 BP-branded filling stations in Australia.
Fed Chair Janet Yellen's Speech Could Push S&P 500 Past 2,000 Mark
Yellen and ECB chief Mario Draghi to speak at US Federal Reserve's Jackson Hole symposium on 22 August.
Indian Economy to Expand by 5.8% in Fiscal 2014-15
Deutsche Bank says India's Q1 GDP growth could rise to its highest level in eight quarters.
Amazon Enters Shanghai Free Trade Zone to Up Its Game in China's $300bn Online Shopping Market
Shanghai FTZ play will help Amazon better compete with e-commerce giants Alibaba and JD.com.
KPMG Says EU Bank Reforms Should Be Halted
Banking reform proposals tabled by EU financial services commissioner Michel Barnier in January.
Federal Reserve Mounts Pressure on Banks to Govern Data
Banks are hiring people with experience in data governance and analytics.
Broadcaster Al Jazeera Rejects Al Gore and Joel Hyatt's Allegations on Current TV Deal
Gore and Hyatt claim broadcaster owes them "tens of millions of dollars."
Gangnam Style: Psy's Agency YG Entertainment to Sell Stake to LVMH-Backed Fund
YG Entertainment's stock ends 3.14% higher on the Kosdaq.
Standard Chartered Settles Money Laundering Controls Failing for $300m
Penalty is second handed out to the British bank by the New York DFS in two years.
Malaysia Airlines to Enlist Economic Recovery Guru Idris Jala
Jala runs the Malaysian government's Economic Transformation Programme.
India: Finance Minister Arun Jaitley Uses Facebook to Boost 'Pro-Poor' Image
Jaitley says there is no contradiction in the government being "pro-business and pro-poor."
Indian Markets Pare Gains After Hitting Record Highs
Foreign institutional investors have invested over $12bn in Indian equities this year.
Seven Firms Shortlisted to Buy $16bn Minority Stake in Sinopec Unit
Asia's biggest internet firm, China's largest insurer, and a Canadian retailer eye stake in Sinopec Sales.
