Inequality worst in decades in range of countries: OECD

Last Updated: Tuesday, December 9, 2014, 10:31

The gap between the rich and poor in a range of countries has reached its widest in 30 years and the trend has harmed growth, the OECD said on Tuesday.

India sees clear pick up in growth momentum: OECD

Last Updated: Monday, December 8, 2014, 18:54

Reflecting improved prospects, India is the only major economy seeing a "clear pick up in growth momentum" while mixed trends are predicted for developed countries, according to Paris-based think tank OECD.

Top bosses aware of most foreign bribes: OECD

Last Updated: Tuesday, December 2, 2014, 21:24

Most international bribes are paid by large firms with the knowledge of senior management, the OECD said Tuesday, after analysing hundreds of prosecuted cases spanning a quarter century and worth a total of $5.9 billion.

OECD chief asks nations to phase out fossil fuel subsidies

Last Updated: Friday, January 24, 2014, 19:02

Countries should work towards phasing out fossil fuel subsidies worth billions of dollars every year that encourage carbon emissions, the chief of OECD, a grouping of mostly developed nations, Angel Gurria said Friday.

Switzerland ready to discuss tax info-exchange with India

Last Updated: Tuesday, January 14, 2014, 17:50

There have been concerns in India about limited flow of tax information from Switzerland about Indian citizens who have allegedly stashed away unaccounted money in Swiss banks.

Leading economies grow into recovery: OECD

Last Updated: Monday, January 13, 2014, 19:08

Most advanced economies are showing signs of strengthening recovery, the OECD said on Monday, highlighting growth in Japan, the United States and Britain.

OECD sees growth firming on improving eurozone outlook

Last Updated: Monday, January 13, 2014, 17:33

The outlook for advanced economies is improving as momentum shifts up a gear in the crisis-weary eurozone, the OECD`s monthly leading indicator showed on Monday.

Inflation accelerates across OECD to 1.5% in November

Last Updated: Thursday, January 9, 2014, 23:35

Annual inflation in advanced countries picked up to 1.5 percent in November from 1.3 percent the previous month, the OECD said Thursday.

Indian economy sees positive change in growth momentum: OECD

Last Updated: Monday, December 9, 2013, 21:05

Indian economy is seeing a tentative positive change in momentum while most of the major economies are witnessing improved growth prospects, Paris-based think tank OECD said Monday.

Growth strengthening in most advanced countries: OECD

Last Updated: Monday, December 9, 2013, 18:25

Growth is strengthening in most advanced economies, with tentative signs of momentum gathering in key emerging markets, the OECD said on Monday.

Illicit assets: Swiss govt tell banks to boost due diligence

Last Updated: Tuesday, December 3, 2013, 18:36

Switzerland has directed banks to strengthen due diligence on overseas clients to prevent illicit fund flows as well as comply with international tax regulations.

Greece to stay in recession in 2014, may need rescue: OECD

Last Updated: Wednesday, November 27, 2013, 20:42

Greece will remain mired in recession in 2014 for a seventh straight year, and is likely to need more financial assistance, the OECD said Wednesday, in contrast to forecasts by Athens.