site.news_by_theme economy

Citi profits jump as investment revenues surge US banking giant Citigroup Monday reported better-than-expected quarterly earnings as strong securities and investment banking revenues helped offset weaker mortgage business and continued US consumer caution.
16 July 2013
Two Koreas start fresh talks on joint industrial park North and South Korea on Monday started fresh talks on reopening a joint industrial complex whose fate is seen as a touchstone for the future reduction of tension on the Korean peninsula.
15 July 2013
Greek PM faces week of protests over new austerity bill Greece's prime minister faces protests this week over a bill that must pass for the country to receive a fresh tranche of EU-IMF aid.
15 July 2013
Hollande vows to fight 'pessimism', says economy recovering President Francois Hollande vowed Sunday to fight French "pessimism" in the face of a struggling economy.
15 July 2013
World's largest building opens in China Boasting its own artificial sun and a floor area three times that of the Pentagon, the "world's largest building" has opened in southwest China to mixed reviews from its first visitors.
13 July 2013
Australia at crossroads as China boom ends: PM Australian Prime Minister Kevin Rudd Thursday said the China resources boom was over, leaving the economy at a crossroads, as he called for a new productivity pact to boost competitiveness.
11 July 2013
EU takes dispute with Russia over vehicle imports to WTO The EU filed a dispute with Russia over vehicle imports at the WTO, the first such challenge to Moscow since it joined the trade body almost a year ago.
10 July 2013
US proposes tougher requirements on largest banks US regulators Tuesday unveiled tough new capital requirements for the nation's eight largest banks in the newest move to strengthen the financial system in the wake of the 2008 crisis.
10 July 2013
Dongfeng, Renault to set up $1.8 bn JV: media Ambitious Chinese automaker Dongfeng Motor and France's Renault may sign a deal this month for an 11 billion yuan ($1.8 billion) joint venture after a decade of talks.
09 July 2013
China, Switzerland sign free trade agreement China and Switzerland signed a free trade agreement -- Beijing's first in continental Europe -- in a deal that comes against a backdrop of trade tensions between the Asian giant and the EU.
06 July 2013
Halving world hunger by 2015 'within reach': UN Despite economic crises and dwindling aid, the UN said Monday huge progress had been made towards meeting the so-called Millennium Development Goals.
01 July 2013
China manufacturing index hits nine-month low: HSBC Chinese manufacturing activity contracted further in June, data showed Monday, with a closely watched survey hitting a nine-month low and adding to signs of weakness in the world's second-largest economy.
01 July 2013
Spain raises taxes on alcohol, tobacco The Spanish government, which is struggling to cut one of the eurozone's largest public deficits during a double-dip recession, on Friday raised taxes on tobacco and alcohol.
29 June 2013
Deaths in China Xinjiang riot raised to 35: Xinhua The death toll in one of the worst riots in China's restive Xinjiang area has been raised to 35 from 27, state media said Friday, amid reports of tightened security ahead of a sensitive anniversary.
28 June 2013
Lagarde hopes Europe will 'one day' appreciate IMF IMF chief Christine Lagarde hopes the new Greek government "will hold" and that "one day" the Fund's work in Europe, currently the target of criticism.
28 June 2013
New York oil soars after Canadian pipelines shut New York oil prices sharply rebounded Monday after a leak forced the closure of Canadian pipelines, raising concerns about supply disruptions in North America.
25 June 2013
EU leaders meet as doubts grow over future EU leaders meet this week knowing they have to deliver growth and jobs, especially for the young, as years of debt crisis austerity and soaring dole queues test faith in the European project.
25 June 2013
'Dear Italy, I have left, but would return if...' As thousands of Italians leave the country to look for work elsewhere, one young journalist's blog claims to offer "a megaphone for this generation," a voice to all those who profess to be ready to return "if...".
25 June 2013
French minister rounds on 'undemocratic' EU A French minister has blamed the European Union for fuelling the recent resurgence of the far-right Front National (FN) in France by exerting too much pressure on democratically elected governments.
24 June 2013
British economy 'out of intensive care': Osborne Finance minister George Osborne on Sunday said the British economy was "out of intensive care" but that government would stick to a path of deep cuts to public spending.
24 June 2013
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