OECD backs Japan deflation fight, says must cut debt
The Organisation for Economic Co-operation and Development on Tuesday backed Japan's bid to end years of deflation, but called on Tokyo to step up efforts to shrink its huge debt pile.
Swiss watchmakers keep wary eye on China
The world's biggest watch fair is set to open this week in Basel amid growing uncertainty over whether the industry can keep up its momentum and rake in another year of record sales in China.
Sour French farmers miss out on baby milk boom
Got milk? Too much, say French dairy farmers caught in a pricing squabble with supermarkets while missing out on the Chinese thirst for imported powdered milk.
Luxury car makers seek success in China
Construction tycoon Niu Yeqing owns four cars in which he cruises the streets of the Chinese city of Hefei, including a black Mercedes-Benz S600.
Weak global economy key worry as IMF, World Bank meet
Advanced and developing countries alike voiced worries over fragile global growth, eurozone stagnation and the swamp of excess monetary liquidity as the IMF and World Bank spring meetings kicked off.
19 April 2013
NGO slams IMF's 'double standard' on austerity
Jubilee USA Network, a debt-relief organization, on Thursday criticized the International Monetary Fund for using a "double standard" in prescribing austerity measures to troubled economies.