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Economy 26 Sep 2015 | 12:00 AM

BRICS hit a brick wall

GLOBAL economic growth will slacken, including in China and the United States, so says Paris-based Organisation for Economic Cooperation and Development or OECD (rich nations’ club), IMF (world’s banker), BIS (central banks’ banker) and ADB (Asia’s lender).

Business 19 Nov 2013 | 12:00 AM

OECD area growth stuck at 0.5%

PARIS: The US and British economies speeded up slightly in the third quarter but expansion in several other economies slowed, leaving OECD-area growth at 0.5%, the Organisation for Economic Cooperation and Development (OECD) said.

Business 02 Apr 2012 | 12:00 AM

Euro-area seen as biggest        threat to global growth

TOKYO: The euro-area remains the biggest threat to global growth as imbalances still need to be addressed, said Organisation for Economic Cooperation and Development chief economist Pier Carlo Padoan.

Business 12 Jun 2012 | 12:00 AM

OECD sees weakness spreading to Asia

PARIS: There are signs that the economies of two of the world’s leading emerging powerhouses, India and China, are starting to falter, while Europe continues to be handicapped by its debt woes, the latest report from the Organisation for Economic Cooperation and Development (OECD) showed.

Economy 07 Mar 2019 | 12:00 AM

OECD cuts global outlook again, warns worse may be ahead

PARIS: The global economy is suffering more than expected from trade tensions and political uncertainty which are clouding prospects particularly in Europe, according to a gloomy report from the Organisation for Economic Cooperation and Development (OECD).

Corporate News 20 Oct 2017 | 12:00 AM

Increasing transparency

THE Organisation for Economic Cooperation and Development (OECD) defines base erosion and profits shifting (BEPS) as tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity in those locations.

Opinion 25 Mar 2017 | 12:00 AM

Fortune favours the brave

CHANGE is coming. Paris-based think tank OECD (Organisation for Economic Cooperation & Development, the rich nations’ club) reported last week that its entire members’ GDP grew the slowest last year (1.7%) since 2013 (against 2.4% in 2015).

Business 25 Oct 2016 | 12:00 AM

OECD: Indonesia must signal tax amnesty won’t be repeated

MUMBAI: Indonesia’s government must make it clear to errant taxpayers that an amnesty programme, which has revealed almost US$300bil in undeclared assets, is the last chance to fix their affairs before full penalties are applied, the Organisation for Economic Cooperation and Development said.

Business 23 Aug 2010 | 12:00 AM

Israel gets okay to join OECD

JERUSALEM: Israel's cabinet on Sunday approved the country joining the Organisation for Economic Cooperation and Development (OECD).