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International

Apple vastly undervalued, worth almost $1.5 trillion: Billionaire investor
Icahn says that the real value of the technology giant is almost $1.5 trillion, double its current market capitalisation.
Greece needs deal by May end
Greek banks are running short on the collateral they need to stay alive.
Rate hikes still seem far off
Global data may not be enough to convince that easier policy is nearing an end.
China set to invest $50b in Brazil’s infrastructure
“There are $50 billion in new projects,” said Jose Graca Lima, Brazil’s undersecretary of state.
A host of bleak US data
Industrial output, consumer sentiment drop; job growth view cut.
Gulf-US airline row starting to heat up
There are no international subsidy standards governing airlines, which is forcing the Obama administration to chart new territory.
US jobless claims hover near 15-year low
Other data on Thursday showed that a strong dollar and lower oil prices suppressed producer inflation in April.
EBRD sees better days, but not for Ukraine
Its latest forecasts pointed to a growing divergence in economic fortunes across the region, with the impact of tensions over the Ukraine overshadowing tentative signs of improvement elsewhere.
India’s wholesale prices down for sixth month
The Wholesale Price Index, an inflation indicator which measures the biggest basket of goods, fell a sharper-than-expected 2.65 per cent in April from a year earlier.
IDB puts Islamic finance on AIIB drawing board
The move could spur the use of sukuk, or Islamic bonds, which have gained prominence as funding tools for a range of countries in recent years and among multilateral lenders to help fund some of Asia’s mounting infrastructure needs.
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