Oil down as China's GDP comes in below expectations
Oil was down in Asia on Monday after China's economic growth for the first quarter came in below expectations, with sentiment also weighed by forecasts of weaker global demand.
Benckiser group to buy Dutch Masterblenders for 7.5bn euros
Dutch tea and coffee producer D.E. Masterblenders said Friday that it has reached a conditional agreement with a German investor group led by Johann A. Benckiser on a 7.5-billion-euro ($9.8-bn) takeover deal.
12 April 2013
Euro ministers in bid to finalise Cyprus bailout
Eurozone and EU finance ministers meet in Dublin from Friday to finalise the Cyprus bailout and consider extending debt repayment dates for Portugal and Ireland.
With back against wall, Portugal pushes on with austerity
Despite the risk of aggravating the recession and unemployment, Portugal's government is wagering that following the austerity prescribed by its creditors will help it regain market confidence and avoid a second bailout.
10 April 2013
Austerity putting children at risk: UN
The UN warned Wednesday that austerity measures are hitting children hard, as it published a ranking of kids' well-being in rich countries topped by northern European countries and showing Britain climbing out of the bottom tier.
Asian economies to rebound but recovery fragile: ADB
The Asian Development Bank said Tuesday the region's emerging economies would pick up this year but warned that the recovery remained fragile due to the eurozone crisis and tensions in Asia.
Jamaica pledged $2 billion for restructuring
Three key international lenders announced preliminary approval Monday for nearly $2 billion in loans to support a sweeping restructuring program for impoverished Jamaica.