China's exim fall adds to indicators suggesting slowdown of economy

China's exports and imports have fallen sharply in March, adding to recent indicators pointing to a slowdown in the world's second-largest economy. The country's exports fell by 6.6 percent in March when compared to the previous year. Imports dropped by 11.3 percent in the...

WB President calls for reforms to spur growth in Indian economy

The World Bank President Jim Young Kim said today in Washington that the private sector strongly feels that India is a difficult place to do business due to many regulations. He called for necessary reforms to create a better environment and spur growth.The World Bank President told journalists at a...

Toyota recalls 6.4mn vehicles globally over 5 separate issues

The Japanese carmaker Toyota is recalling 6.4 million vehicles globally, including 35,124 in the UK, over five separate issues. Some 3.5 million vehicles are being recalled to replace a spiral cable attached to the driver's side airbag. It may be damaged when the steering wheel is turned an...

G7 Fin Mins meet in Washington today to discuss Ukraine crisis

Finance Ministers of the G7 industrial powers plan to meet in Washington today to discuss Ukraine amid rising worries that Russia wants to further splinter the country. The meeting of the group will take place ahead of a G20 finance minister and central banker meeting in Washington, timed to coincid...

Japanese carmaker Toyota recalling 6.4mn vehicles globally over 5 separate issues

The Japanese carmaker Toyota is recalling 6.4 million vehicles globally, including 35,124 in the UK, over five separate issues. Some 3.5 million vehicles are being recalled to replace a spiral cable attached to the driver's side airbag. It may be damaged when the steering wheel is turned an...

G7 Fin Mins meet in Washington today to discuss economic impact of Ukraine crisis

Finance Ministers of the G7 industrial powers plan to meet in Washington today to discuss Ukraine amid rising worries that Russia wants to further splinter the country. The meeting of the group will take place ahead of a G20 finance minister and central banker meeting in Washington, timed to coincid...

WB projects economic growth rate of 5.7% for India in 2015 fiscal

The World Bank on Wednesday projected an economic growth rate of 5.7 per cent in fiscal year 2015 for India on the back of a more competitive exchange rate and many large investments going forward.The World Bank said in its latest edition of 'South Asia Economic Focus ' that bolste...

IMF: Financial stability has improved in advanced countries

Apex court declines Sahara's plea to put Subrata Roy under house arrest

Supreme Court today declined Sahara group's plea to keep its chief Subrata Roy under house arrest. Sahara counsel had submitted before the apex court today that it is difficult to raise money while Subrata Roy is in jail and that no international buyer would like to visit the jail to negoti...

Provide access to civil nuclear tech to overcome energy crisis: Pak rep at UN

At the United Nations, Pakistan has urged the international community to provide it full access to civil nuclear technology to overcome its energy crisis. Speaking at UN Disarmament Commission in New York, Pakistan's permanent representative to the United Nations, Masood Khan said, Pakistan...