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International

Chinese assets warm, not hot for Western investors
China has been working increasingly rapidly to liberalise its capital markets, with the eventual aim of making its currency fully convertible, giving it a larger role in the global economy.
India set to unveil reform agenda in maiden budget
Growth has crashed from double-digits a few years ago to 4.7% in 2013
Saudi Hollandi’s net gain jumps 28.1% in Q2
It cited higher operating income — which increased 17 per cent year-on-year to SR811.2 million — for the increase in net profit without elaborating.
Christine Lagarde hints at cut in world growth forecast
Lagarde said several times in her speech that, although now could be the time for some countries to boost public investment, not all of them could afford to do so.
Modi to target record asset sales in first budget
Narendra Modi hopes will launch the growth and jobs agenda that in May won him India’s biggest election mandate in three decades.
US judge biased: Argentina
The South American country takes tough stance ahead of next week’s debt talks
Total CEO calls for bigger euro role in oil trade
Christophe de Margerie was responding to questions about calls by French policymakers to find ways at EU level to bolster the use of the euro in international business following a record US fine for BNP.
US firm signs $1.175b Iran energy deal
A company spokesman said the project, in the southwestern province of Chaharmahal-Bakhtiari, would create 600-700 jobs, 80 per cent of which would go to locals.
Eurozone recovery to continue at moderate pace
IMF warns France may miss its targets to cut budget deficit, lowers growth forecast for this year
India should avoid fiscal slippage as it seeks to revive economy: WB
Inflation is still uncomfortably high in India and the new government should avoid fiscal slippage as it seeks to revive the economy, the World Bank’s India director told Reuters.
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