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US bailout 5 years ago avoided catastrophe: Treasury The US Treasury said Wednesday the government's massive response to the economic crisis five years ago paid off, avoiding a catastrophic breakdown of the financial system.

12 September 2013

Tourism, Portugal's cure for the crisis The famous number 28 tram, winding its way through the narrow streets of the Portuguese capital.

11 September 2013

Oil prices slide from Syria-fuelled highs Oil prices lost support Monday after hitting 28-month highs over fears of fallout from a possible US military attack on Syria for its alleged use of chemical weapons.

10 September 2013

China among world's top three investors in 2012: govt China became one of the world's top three investors for the first time last year as its foreign investment soared to a new record.

09 September 2013

Monster tsunami could devastate California: study A tsunami generated by a massive earthquake off Alaska could cause major damage to California's economy and force 750,000 people to evacuate.

06 September 2013

Kazakhstan to offer its anti-crisis recommendations at G20 Kazakhstan plans to discuss economic cooperation and offer recommendations on overcoming of the economic crisis at the G20 Summit in Saint-Petersburg.

05 September 2013

Poland overhauls pension system to keep public debt down Poland on Wednesday said it will transfer government bonds held by private pension funds to the state pension sector in a move aimed at curbing public debt amid an economic slowdown.

05 September 2013

IMF warns G20 of slowing emerging economies The International Monetary Fund warned the Group of 20 Wednesday that emerging economies were slowing more than expected and under pressure from US plans to slow its stimulus.

05 September 2013

Europe's emerging economies back on track Central and eastern European countries have escaped most of the turmoil that has recently lashed emerging economies as they have been shielded by the recovery in the neighbouring eurozone.

03 September 2013

Kazakhstan and Indonesia arrange direct flights Kazakhstan and Indonesia will be connected with direct flights.

03 September 2013

Delta, Virgin Atlantic near US antitrust immunity nod Delta Air Lines and Virgin Atlantic Airways on Friday won tentative US approval for antitrust immunity for their proposed transatlantic joint venture.

31 August 2013

India's rupee crisis crimps middle class lifestyles Seventeen-year-old Indian student Appu Sharma was going to apply to a US university to study economics but with the rupee on the ropes, he's set his sights closer to home.

29 August 2013

Greece may need new bailout of 10bn euros Greek Finance Minister Yannis Stournaras said that if Greece required a new bailout in 2014, it would be a "much smaller" package of around 10 billion euros with no austerity conditions attached.

26 August 2013

Global manufacturing data helps Asia markets rebound Asian markets firmed on Friday as a slew of upbeat manufacturing data from around the globe overshadowed concerns about the US Federal Reserve's plans for its stimulus programme.

23 August 2013

China manufacturing rebounds: HSBC A closely watched indicator of Chinese manufacturing turned positive for the first time in four months in August, HSBC said Thursday, in a sign of renewed strength in the world's second-largest economy.

22 August 2013

Cisco to cut 4,000 jobs Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.

15 August 2013

Analysts see return to growth in eurozone Figures due Wednesday are expected to show the eurozone finally edging out of a record 18-month recession which has cost millions of jobs and tested the single currency bloc to near breaking point.

13 August 2013

Mexico proposes opening oil sector to foreign firms Mexico's President Enrique Pena Nieto proposed sweeping reforms of the country's oil sector Monday that would allow foreign energy firms back into the industry 75 years after being thrown out.

13 August 2013

China industrial data helps oil rebound Oil prices charged back Friday after falling for five straight sessions, helped by stronger-than-expected numbers on Chinese industrial output in July.

11 August 2013

Obama: Greece needs policies focused on growth and jobs US President Barack Obama called Thursday for more growth-oriented policies in Greece, saying the austerity has not been adequate to revive the country's battered economy.

09 August 2013

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