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Globalization

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  • India's demands block $1 trillion WTO deal on customs rules

    NEW DELHI/GENEVA (Reuters) - The World Trade Organization failed on Thursday to reach a deal to standardise customs rules, which would have been the first global trade reform in two decades but was blocked by India's demands for concessions on agricultural stockpiling.
  • Pimco's Gross says income, not capital gains, to drive returns

    NEW YORK (Reuters) - Bill Gross, manager of the world's largest bond fund, said Wednesday that income, rather than capital gains, would drive future investment returns as a result of low global economic growth. "Capital gains from almost all asset...

    Kerry presses India on global trade deal as deadline looms

    NEW DELHI (Reuters) - U.S. Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic...

    Rural votes, old traumas drive India's WTO brinkmanship

    NEW DELHI (Reuters) - With grain silos spilling over, exports on the rise and an avowed market champion for prime minister, India's threat to trash a global trade deal in the name of food security appears puzzling. But government officials say Prime...

    IMF cuts global growth outlook, warns of stagnation risk in rich nations

    WASHINGTON/MEXICO CITY (Reuters) - The International Monetary Fund on Thursday chopped its 2014 forecast for global economic growth to take into account weakness early in the year in the United States and China, the world's two biggest economies. The IMF...