China cuts rates, reserve ratio after stocks plummet again


SHANGHAI/BEIJING - China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stuttering economy and a plunging stock market that has sent shockwaves around the globe.

Can't rule out more turbulence from China - Austrian Finance Minister

SALZBURG, Austria - Further turbulence from China cannot be excluded in the next few months, Austrian Finance Minister Hans Joerg Schelling said on Tuesday and his German counterpart Wolfgang Schaeuble said the situation in China and Brazil would be discussed by G20 nations.

Business, FXpert 25 Aug 2015

Climate boss says EU can only back a strong Paris deal

BRUSSELS - The European Union will support a U.N. deal to cap global warming only if the agreement is legally binding and includes regular reviews to ensure words translate into deeds, Europe's climate boss said on Thursday.

World, 20 Aug 2015

Global tagging system proposed for derivatives trades

LONDON - Global regulators and central bankers have proposed a common tagging system for off-exchange derivatives transactions to spot more easily which banks could be at risk in a market crisis.

Business, 19 Aug 2015

Turkey's AK Party eyes early election as polls show rising support

ANKARA - Expectations of a snap election in November are growing within Turkey's ruling AK Party, officials say, with its leadership emboldened by recent opinion polls and looking increasingly cool to the idea of a coalition government.

World, Middle East 12 Aug 2015

Japan finance minister - TPP is not a place to negotiate currencies

TOKYO - Japanese Finance Minister Taro Aso dismissed on Friday a call to set up a forum within the Pacific free trade negotiations to stop countries from manipulating exchange rates.

Business, World, Japan, 31 Jul 2015

Banks fail to persuade regulators to dilute new buffer rules

LONDON - Rules will soon be finalised forcing the world's top banks to hold enough liquid assets to cover between 16 and 20 percent of their liabilities, after industry lobbying failed to persuade regulators to relax the plan.

Business, 28 Jul 2015

India, U.S. to sign tax pact Thursday - sources

NEW DELHI - India and the United States will sign a tax information sharing agreement on Thursday, under a new U.S. law meant to combat offshore tax dodging by Americans, two Indian government sources and a source at the U.S. embassy said.

World, 08 Jul 2015

EU leaders forced Greece to drop last referendum but may not interfere now

BRUSSELS - A Greek prime minister torn between accepting harsh bailout terms and a rebellion by the left wing of his party decides to call a referendum to break the political deadlock.

Business, World, 27 Jun 2015

Insight - Market watchdogs fight back against central banks

LONDON - An uneasy truce between market watchdogs and central banks, struck during the financial crisis, is showing signs of strain as they look for ways to tackle potentially extreme volatility in bond markets when interest rates start to rise.



Global GDP comparison

A graphical look at the world's top economies by size and per-capita production.  Interactive