US shutdown cost $2.0 billion in lost govt outputThe 16-day US government shutdown cost 6.6 million in lost workdays for furloughed federal workers, amounting to $2.0 billion in lost productivity, the White House said Thursday in a report.
08 November 2013
Twitter to hit Wall Street with hefty price tagTwitter will make its Wall Street debut Thursday with a price tag of $26 per share, bidding to raise up to $2.1 billion in the most eagerly awaited stock offering since Facebook.
08 November 2013
Taiwan signs free trade deal with SingaporeTaiwan signed a free trade deal with Singapore on Thursday, its first with a Southeast Asian country, as the diplomatically isolated island steps up efforts to join regional economic blocs.
Millions of Americans see food stamp cutsThe US Congress on Friday allowed an estimated $5 billion cut to a federal food stamps program to take effect, slashing the social safety net for the poor, elderly and disabled.
03 November 2013
China manufacturing index hits 18-month high: govtChinese manufacturing grew at its strongest pace in 18 months in October, figures showed Friday, but government and independent analysts warned underlying data suggest economic weaknesses remain.
Oil-rich Kuwait warns welfare state unsustainableOil-rich Kuwait said Monday that the generous cradle-to-grave welfare system provided to its 1.2 million citizens was "unsustainable" and it was time for change.
29 October 2013
Sandy clean-up 'enormous' one year onA year after Hurricane Sandy, the United States still faces an enormous task to repair $60 billion worth of damage and improve resiliency before the next cyclone.
Japan gives muted welcome to US debt fixJapan's finance minister on Friday gave a muted welcome to the US debt deal, but hinted at the need for a more permanent solution to the warring in Washington.
18 October 2013
Congress pulls US back from brink, averts defaultThe United States was spared the ignominy of a disastrous debt default Wednesday when Congress passed a bill extending the nation's borrowing authority and ending a two-week government shutdown.
17 October 2013
Political chaos pushes US up against debt deadlineA day of political disarray Tuesday pushed America to within hours of a debt default deadline, but two veteran senators chased a last-gasp deal to stave off a sudden shock to the global economy.
16 October 2013
Conflicts, energy top agenda as Hollande visits S.AfricaFrench leader Francois Hollande arrived in South Africa Monday for a two-day state visit in which he is set to push for greater cooperation on African crises with the continental powerhouse.
15 October 2013
Britain to ease China visa restrictionsBritain is to make it easier for Chinese nationals to obtain visas in an effort to boost business between the two countries.
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