World Bank expects Russia's economy to contract by -2.9 per cent in 2015

MOSCOW: The World Bank expects Russia's economy to contract by 2.9 per cent in 2015, it said in a report on global economic growth on Wednesday, cutting its forecast from December when it expected a 0.7 per cent contraction.

Economic Issues Take Back Seat to Syria at G-20 Summit

Though discussion of Syria has been a top discussion topic at the G-20 summit in St. Petersburg, the top world economic teams have also sought to address the issues at hand while meeting in Russia.

US Federal Reserve's tapering 'not bad' for Southeast Asia: Singapore finmin Tharman Shanmugaratnam

SINGAPORE: A wind down of the US Federal Reserve's stimulus programme will "not be a bad thing" for Southeast Asia, Singapore's finance minister said Friday, at the end of a week that saw a huge sell-off in emerging markets.

Will Barack Obama be the president with best stock market record in 21st century?

In the 84 years that the Standard & Poor's 500-stock index has been calculated, it doubled during the terms of only four presidents before Barack Obama's election in 2008.

China, India to lead 2013 global growth: Report

NEW YORK: Emerging economies will lead growth in 2013 as the global economic outlook remains challenged by the eurozone's debt crisis and high unemployment in the United States, according to a report released on Wednesday.

World Trade Organisation's new boss will face an in-tray filled with problems

At an elegant 1920s building set in a lush park on the shore of Lake Geneva this month, nine senior global politicians – six men and three women – will be attending an extraordinary job interview.

EU says Russia breaking WTO rules ahead of entry

BRUSSELS (Reuters) - Russia will probably be in breach of global trade rules when it joins the World Trade Organisation this year, the EU executive said on Wednesday, signaling Brussels would feel justified in filing a case against the club's newest member.

China economy faces growing downward pressure: Vice Premier Li Keqiang

BEIJING: China should rely on domestic demand and structural reforms to support the economy which faces growing downward pressures, Vice Premier Li Keqiang said on Wednesday.