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Economics
Indian Army

The force field protecting China's economy isn't as strong as you think

Despite all of that chaos, observers take comfort from the knowledge that the country has $3.6 trillion in foreign-exchange currency reserves to pay for all of it.<p>But what if it doesn't actually have access to all that money?<p>That is something that Charlene Chu of Autonomous Research, the most …

China

Have treasure hunters found missing Nazi train stuffed with gold?

<b>(CNN) —</b> Could two treasure hunters have found a legendary Nazi train packed with gold that vanished 70 years ago?<p>It's a question authorities in Poland's mountainous southwestern Walbrzych district are taking seriously.<p>It seems on its face unlikely. But not impossible.<p>The train reputedly went …

World History

The global economy is losing its last shock absorber

Last week's surprise devaluation of the Chinese currency, the yuan, has brought the world's second-biggest economy into focus, and it's not a pretty picture.<p>Growth is slowing, inflation is very low, the country's demographics mean its workforce will soon stop growing. It has also failed to put a …

Economy

Yuan devaluation breaks last line of global economic defence, warns top economist

Stephen King of HSBC warns the world's financial system may not survive another crisis without China as a backstop<p>China’s devaluation of the yuan reveals that the global economy will be without stabilisers if another crisis strikes, economists have warned.<p>The decision to cut the yuan’s value showed …

World shipping slump deepens as China retreats

Ports across the world suffer worst hit since the Lehman crisis as emerging markets wilt, but trade may not matter so much to global GDP any longer<p>World shipping has fallen into a deep slump over the late summer, dashing hopes of a quick recovery from the global trade recession earlier this year …

Economy

'The fate of the Communist Party' depends on China's next economic moves

China is engineering a major economic transformation — or, at least, trying. For years, it relied upon export-led growth and massive investments in housing, infrastructure (roads, rails, ports) and heavy industry (steel, glass, aluminum).<p>This economic model now seems spent. World trade is weak. …

Economics
Stock Markets

The 100 best novels written in English: the full list

After two years of careful consideration, Robert McCrum has reached a verdict on his selection of the 100 greatest novels written in English. Take a look at his list<p>Robert McCrum reflects on his choices One in five doesn’t represent over 300 years of women in literature: a response What is missing: …

Literature

By one measure, China's debt problem is now bigger than Greece's

For the last few years, China's companies, banks and local governments have been dousing themselves in debt. But there may be a naked flame approaching in the form of the US Federal Reserve.<p>Loans to companies and households stood at a record 207 percent of gross domestic product at the end of June, …

Economics

How market forces are winning the climate change battle

Despite the stereotype of a business lobby warning about the prohibitive costs of cutting back on greenhouse gases, there are increasing signs that …

Bank of England

You Think Taxes Are Bad? They Were Heavier in Ancient Egypt

Tax day is never fun, but you can take solace in a new finding: A recently translated ancient Egyptian tax receipt shows a bill that is literally heavier than any American taxpayer will pay this year — more than 220 pounds (100 kilograms) of coins.<p>Written in Greek on a piece of pottery, the receipt …

Ancient History

The state of the economy

The <i>Economic Survey</i> is presented the day before the budget; and the budget has to be assessed as soon as it is presented. So it is impossible to write …

Business News, Latest Business News, Finance News, Market News, Stock News, BSE, NSE, Nifty

PNB said it would honour payments of about Rs 6,500 crore worth in fraudulent guarantees issued by rogue bank staff

Stock Markets
Stock Markets