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IMF says lower oil prices positive for global economy

Last Updated: Tuesday, December 2, 2014, 05:20

Falling oil prices are positive for the global economy as a whole, though they may hurt individual commodity exporters, IMF Managing Director Christine Lagarde said on Monday.

Lack of cyber security may cost world eco $3 trillion

Last Updated: Monday, January 20, 2014, 15:56

Failure to boost cyber security could cost the world economy a staggering USD 3 trillion as new regulations and approaches to deal with destructive attacks would stifle innovation, says a report.

World Economic News Summary

Last Updated: Wednesday, October 30, 2013, 18:55

The top world economic stories on Wednesday:

Shale gas, energy efficiency key to meeting global demands

Last Updated: Saturday, October 19, 2013, 13:44

Positive global trends in shale gas availability will not have an immediate impact on the world economy as the level of energy consumption is rising annually by about 20 per cent globally, experts say.

Changing China set to shake world economy, again

Last Updated: Wednesday, September 11, 2013, 17:42

Long after concerns about tightening U.S. monetary policy have faded, a more profound issue will still dog global policymakers: how to handle the second stage of China's economic revolution.

Global business activity up, contracts in BRIC countries

Last Updated: Tuesday, August 6, 2013, 09:23

JPMorgan's Global All-Industry Output Index, compiled with Markit, rose to 54.1 in July from June's 51.2, holding above the 50 threshold for growth for four years.

Cyber-crime costs up to $500 bn to world economy

Last Updated: Tuesday, July 23, 2013, 17:27

Cybercrime costs the global economy between a whopping USD 100 billion and USD 500 billion annually, according to a first-of-its-kind report quantifying the economic impact of malicious cyber activity.

G20 gets 'action plan' to fight tax avoidance

Last Updated: Friday, July 19, 2013, 23:35

The OECD presented G20 nations with a bold strategy on Friday to crack down on tax avoidance by corporate giants and the super rich, and so boost overstretched national budgets.

G20 seeks to chart recovery course amid choppy markets

Last Updated: Friday, July 19, 2013, 09:50

The world's economic crisis response team will grapple with the prospect of more market volatility on Friday as finance ministers and central bankers gather in Moscow to chart a course towards recovery.

OECD lowers India growth forecast to 5.3% for 2013

Last Updated: Wednesday, May 29, 2013, 15:44

OECD on Wednesday cautioned that structural bottlenecks could further constrain investment and growth potential.

India, China must shake hands to raise Asia’s standing: Li Keqiang

Last Updated: Wednesday, May 15, 2013, 17:54

Ahead of his visit to New Delhi, China`s new Premier Li Keqiang on Wednesday said India and China "must shake hands" to make Asia an "engine of the world economy".

IMF chief warns over `three-speed' world economic recovery

Last Updated: Thursday, April 11, 2013, 14:02

The world economy looks better than it did half a year ago, but uneven pace of growth among regions have brought about a "three-speed" global economy, said International Monetary Fund chief Christine Lagarde.