Developing world's rise heralds global shift: UN
The developing world's rapid growth has sharply cut extreme poverty, created a new middle class and put the economies of Brazil, China and India on a path to overtake the globe's wealthiest nations.
IMF calls for 'urgent action' to boost Palestinian economy
The International Monetary Fund (IMF) Thursday called for "urgent action" to help revive the Palestinian economy, saying it had been choked by Israeli restrictions and political uncertainty.
15 March 2013
Samsung shares fall after Galaxy S4 release
Shares in Samsung Electronics fell 1.7 percent in early trade in Seoul on Friday, hours after the launch of the company's latest flagship smartphone in New York City.
China Everbright to relaunch Hong Kong IPO plans
China Everbright Bank, a mid-sized lender, said Wednesday it would relaunch plans to list shares in Hong Kong, after earlier aborted attempts at an overseas stock offer.
14 March 2013
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Obama says US won't balance budget in next 10 years
President Barack Obama warned Tuesday America will not balance its budget within a decade because Republican plans to do so would entail slashing social programs many citizens rely on for support.
Data confirms recession in weakest eurozone economies
Data published on Monday confirmed recession in the eurozone's weakest economies last year, breathing new life into a heated debate on whether aggressive austerity measures may come at the cost of economic growth.