G7 talks growth, austerity amid yen concerns
The G7 top economies are set for a second day of talks aimed at spurring growth amid US-Europe divisions over the scale of austerity and renewed market focus on "currency wars".
12 May 2013
G7 nations meet as US pressures Europe over austerity
Finance ministers and central bank chiefs from the Group of Seven leading economies will meet in the English countryside on Friday for talks on spurring growth, amid US-Europe divisions over the scale of austerity.
10 May 2013
Sri Lanka cuts lending rates hoping for growth
Sri Lanka's central bank Friday cut benchmark lending rates by 50 basis points, saying the move was to designed to encourage growth amid sluggish economic activity this year.
Australia cuts interest rate to record low 2.75 pct
Australia's central bank cut interest rates to a record low of 2.75 percent Tuesday, citing weak domestic inflation coupled with a persistently high dollar as investment in the key mining sector hits its peak.
07 May 2013
KazMunaiGas closes $3 billion deals
KazMunaiGas National Company has successfully closed the deals on placement of 10-year and 30-year Eurobonds raising $3 billion.
03 May 2013
China nears US in money to Africa: study
China committed more than $75 billion to Africa in the past decade, coming close to the level of US money although the nature of Beijing's support was far different.
30 April 2013
Portugal to take two banks to court over swap deals
Portugal said Friday it will take banking giants JP Morgan and Santander to court to make them renegotiate deals that have left state-run companies paying hefty interest rates.
28 April 2013
Spain begs time to fix finances, eyes growth
Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union's target for reining in its public deficit.
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.
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.