IMF's Lagarde: uncertainty over health of European banks
International Monetary Fund Managing Director Christine Lagarde said Thursday that questions marks remain over the health of Europe's banks and that coming stress tests are a chance to build confidence in them.
10 January 2014 16:10
China has world's most outbound tourists: report
Nearly 100 million Chinese tourists visited foreign countries last year, and they are likely to extend their lead as the world's biggest-spending travellers, state media reported Thursday.
09 January 2014 15:22
China box office revenue hits $3.6 bn in 2013: report
China's box office takings leaped to $3.6 billion last year, up 27.5 percent on 2012, as nearly 14 screens were added every day to the world's second-largest film market.
Top French court approves 75% company tax on high salaries
France's top court Sunday approved a proposal for companies to pay 75 percent tax on annual salaries exceeding one million euros in line with President Francois Hollande's drive to limit executive pay at a time of economic hardship.
Japan OKs record budget, sees deflation threat recede
Japan approved its biggest ever budget Tuesday, as an improving economy and a sales tax hike made room for more defence spending and the first step towards achieving a balanced budget.
EU banking union too complicated, too slow: analysts
An EU system to prevent a repeat of the massive bank bailouts which crippled the economy is a major step but it is also too complicated when speed is absolutely essential, analysts said.
23 December 2013 01:05
Tourists to spend $10 billion during Brazil World Cup
Foreign and Brazilian tourists are expected to spend $10.4 billion during next year's World Cup, more than the public funds invested for staging the event, the Brazilian tourism board said Friday.
Spaniards bet on slimmed-down 'Fat One' Christmas jackpot
Spaniards are digging into their pockets to gamble on their beloved "Fat One" Christmas lottery with the world's richest total payout, but winners will get slimmed-down prizes this year as a new austerity tax takes a bite.
20 December 2013 10:21
EU finance ministers reach banking union deal
EU finance ministers Wednesday reached a banking union accord which will hand Brussels unprecedented new powers to prevent failing banks from wrecking the economy, official sources said.
Living wage to be raised in Kazakhstan in 2017
After the controversy around the minimum living wage is Kazakhstan, Kazakhstan Minister of Labor and Social Protection of Population Tamara Duisenova promised to raise the living wage in 2017.
