India's trade deficit fell to a two and a half year low after it raised import duties and exports soared due to the weak rupee.
At a press conference, the leaders of Germany and India have said that the countries' relationship is of "international significance." But ongoing talks are emphasizing how best to beef up business ties.
Basking in glory after emerging victorious in a recent divisive referendum, Turkish leader Erdogan is traveling to India as part of a whirlwind tour of global powers. The agenda includes terror, trade and nuclear issues.
Central bankers and top economists are gathering in Jackson Hole for their annual meeting. Two questions top the agenda: Will the Fed hike the US interest rate in September - and will the global economy tank if it does?
It was the American investment bank Goldman Sachs that first dreamed of the rise of aspiring emerging economies. It established a nice-sounding fund, BRIC, in 2001 to entice investors from around the world.
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