IMF: US 'fiscal cliff' would set back world economy
The International Monetary Fund warned US leaders that hitting the looming "fiscal cliff" would not only crush the American economy but spin havoc through the rest of the world.
11 October 2012
IMF meet in Tokyo to address anxiety about growth
Finding ways to boost the slowing global economy and helping poor nations fend off financial shocks will be on the agenda at meetings this week of the International Monetary Fund and World Bank in Tokyo.
IMF cuts global forecast, says risks rising
The IMF slashed its global growth forecast and warned things could get much worse if the eurozone crisis is not quelled and Washington fails to reverse the looming "fiscal cliff" austerity plan.
10 October 2012
World Bank slashes East Asia-Pacific growth forecast
The World Bank on Monday slashed its 2012 growth forecast for developing countries in East Asia and the Pacific to 7.2 percent, down from 8.3 percent in 2011, due to the fragile global economy.
India's rupee at near 6-month-high on reform boost
The Indian rupee on Friday soared to its highest level against the dollar in almost six months after the embattled government pushed ahead with more measures to attract foreign investment.
06 October 2012
French stats institute warns of period of no growth
The French economy appears to be settling into a period of no growth according to the INSEE national statistics institute, which halved late Thursday its 2012 growth forecast to 0.2 percent.
05 October 2012
Japan insurers stop China riot coverage: report
Big Japanese insurers have stopped covering firms against riots in China, a report said Friday, a move seen likely to hit investment there as the countries remain stuck in a festering territorial row.
05 October 2012
Economic minnow Laos set to join WTO club
After years of preparation, communist Laos is on the verge of joining the World Trade Organisation, a milestone that the small landlocked nation owes to a slew of reforms it must now enforce.
05 October 2012
Arab and LatAm leaders agree to investment bank
Latin American and Arab leaders agreed to form a joint investment bank during a summit in Peru at which they also discussed the increasingly bloody civil war in Syria.
03 October 2012
US State Dept seeks to unblock $450 mn for Egypt
The US State Department said Monday it would work with Congress to try to unblock some $450 million in economic aid for Egypt, after a lawmaker froze the funds.
03 October 2012
Kazakhstan residents prefer loans in tenge
According to the National Bank, of Kazakhstan the share of the loans issued in tenge exceeded 68 percent and made over 6.4 trillion tenge ($42 billion) as of September.
Slovak PM says eurozone will not survive in current form
The eurozone is unlikely to survive in its current form and one or more countries will probably have to leave the 17-nation single currency bloc, Slovakia's Prime Minister Robert Fico said Sunday.