News about economy
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
Some mothers get meaner in bad economic times: US study
Mothers with a certain gene got meaner when the economy took a dive in 2007-2009, whether or not their own purses were shorter on cash.
06 August 2013
US stocks see modest gains after busy week
A jam-packed week of economic data and corporate earnings amounted to only modest movement in US equities, as stocks closed out a hectic week of news Friday only somewhat higher.
03 August 2013
Bank of America may face civil charges over financial crisis
Bank of America may face civil charges over its actions during the financial crisis related to its mortgage products.
03 August 2013
Old newspaper era is over, Obama says via Kindle
President Barack Obama acknowledged the problems facing the US newspaper industry, ironically in an interview that was distributed via online retail giant Amazon's Kindle e-reader.
02 August 2013
Oil slips after China orders industrial capacity cuts
World oil prices slipped on Friday after China ordered industrial production capacity cuts in the face of slowing economic growth.
27 July 2013