World Bank ups Chinese growth projection for 2013
The World Bank on Wednesday upwardly revised its projection for Chinese economic growth in 2013 from 8.1 percent to 8.4 percent, but predicted the rate would taper off in the longer run.
AU Optronics executive guilty in LCD price-fixing case
A US jury on Tuesday found a former senior manager at Taiwan-based AU Optronics Corp. guilty of taking part in a global scheme to rig prices of liquid crystal display screens.
19 December 2012 12:08
China sees gloomy 2013 foreign trade environment
China said Tuesday it faces a bleak foreign trade environment in 2013 due to ongoing global economic weakness, as the Asian export powerhouse appears set to miss this year's trade growth target.
18 December 2012 13:40
IMF's Argentina censure motion set for late January
The International Monetary Fund said Monday its executive board is unlikly to consider until late January any possible action against Argentina for failing to supply accurate economic data.
Dollar falls as fiscal cliff worries grow
The dollar dropped to its lowest level against the euro in three months Friday, the euro going above $1.31 as politicians in Washington appeared no closer to averting the economy-crunching fiscal cliff.
16 December 2012 15:03
Coca-Cola FEMSA to acquire Philippine bottler
Coca-Cola FEMSA of Mexico is to take control of the US soft drink firm's bottling operations in the Philippines in a $688.5 million cash deal.
EU leaders end year on high with Greece, bank deals
EU leaders put a crisis-hit year behind them at the last summit of 2012 Friday, trumpeting hard-fought deals on Greece and banks but seemed to row back on reforms to fix the euro's shortcomings.
Obama, Boehner meet in fiscal cliff talks
President Barack Obama and Republican House Speaker John Boehner held surprise talks Thursday, as time ran short for hopes of a pre-Christmas deal to solve a fiscal crisis that could cause a recession.