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.
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.
13 March 2013
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.
Wall St. Raider Icahn defends Dell assault
Wall Street raider Carl Icahn defended his twin attacks on computer giant Dell and offshore oil rig operator Transocean Friday, saying such companies need "shaking up" for shareholders' benefit.
French minister vows to cut red tape for investors
A French minister vowed Thursday to cut bureaucracy in a bid to lure foreign investors, and said her South Korean roots would help to boost France's profile in booming Asia.
Economic gloom overshadows euro finance ministers meeting
Eurozone finance ministers meet Monday against the backdrop of a weak economy and increased political uncertainty after inconclusive polls in Italy, the group's third largest economy.
04 March 2013
$85 billion austerity hit lines up US economy
An $85 billion dollar austerity time bomb was to detonate against the US economy Friday, as President Barack Obama blamed a Republican refusal to compromise for a failure to avert "dumb" spending cuts.
02 March 2013
Royal Bank of Scotland posts 2012 net loss of £5.971 billion
State-rescued Royal Bank of Scotland said Thursday that net losses almost tripled to £5.97 billion in 2012, when it was hit by compensation payouts, Libor rate-rigging fines and a vast accounting charge.
28 February 2013
Australian government pension fund dumps tobacco
The Australian government's pension fund for public servants Thursday announced it would sell off its Aus$222 (US$228) million holdings in tobacco companies following the nation's move towards plain packaging.