Greece threatens to skip IMF payment; Alexis Tsipras set for EU talks

Last Updated: Wednesday, June 3, 2015, 19:29

Greece threatened to miss a loan repayment to the IMF this week, opening the way for possible default, just hours before creditors were expected to present an ultimatum offering Athens funds in return for economic reform.

Alexis Tsipras urges EU leaders to `avoid division` in Greek reform talks

Last Updated: Wednesday, June 3, 2015, 19:12

Greek Prime Minister Alexis Tsipras on Wednesday urged fellow European leaders to be realistic in their demands for Greek reforms to avoid sowing "division" in the bloc.

Greece submits new, 'realistic' reform plan: Alexis Tsipras

Last Updated: Tuesday, June 2, 2015, 17:58

"Last night a complete plan was submitted... a realistic plan to take the country out of the crisis," Prime Minister Alexis Tsipras told reporters in Athens.

David Cameron meets EU leaders on referendum reform push

Last Updated: Thursday, May 28, 2015, 22:43

David Cameron started a two-day tour of European capitals Thursday in a bid to secure EU reforms as his government published a law paving the way for a vote on whether Britain should leave.

China invites private investors to help build $318 bn of projects

Last Updated: Monday, May 25, 2015, 10:43

The National Development and Reform Commission said the 1,043 projects, in sectors such as transport, water conservancy and public services, will be done as public-private partnerships (PPP).

China to spend $40 bn on railways to support economy

Last Updated: Monday, May 18, 2015, 21:29

China`s top economic planning body has approved the construction of six railways expected to cost some 250 billion yuan ($40.8 billion) to support the faltering economy, a report said Monday.

Modi's reform push: 5 key Bills passed in Parliament during Budget Session 2015

Last Updated: Thursday, May 14, 2015, 18:53

In terms of number of Bills passed by both the Houses during the Budget sessions, the highest number of 24 Bills were passed by both the Houses during this Budget session, the best in the last five years.

Euro turns up as Greek bailout talks drag on

Last Updated: Tuesday, May 12, 2015, 08:58

Athens managed to garner enough money to repay the International Monetary Fund 750 million euros and avoid a default, keeping it from tumbling out of the eurozone for now.

IMF`s Lagarde: Bankers` pay needs reform

Last Updated: Wednesday, May 6, 2015, 21:59

International Monetary Fund Managing Director Christine Lagarde called Wednesday for more reform to bankers` compensation, saying they are still encouraged by their pay packages to take too much risk.

China lifts price controls on most medicines

Last Updated: Tuesday, May 5, 2015, 18:16

In a major reform in its mostly state-controlled health sector, China Tuesday announced that it will lift price controls on most medicines from next month in a bid to keep drug prices in check by adopting market-driven pricing system.

Emerging countries blast US for not backing IMF reform

Last Updated: Friday, April 17, 2015, 05:47

The emerging economies of the G-24 group sharply criticized the United States on Thursday for holding up what they see as critical reforms of the International Monetary Fund.