site.news_by_theme economy

Portugal 'should leave euro': best-selling economist A Portuguese economist, whose book "Why We Should Leave the Euro" has become a rapid best-seller, says it is only a matter of time until his crisis-wracked country leaves the troubled currency.
04 June 2013
World newspapers mull paywalls for survival Global newspaper chiefs have some rare good news to share after years of slumping print sales and advertising revenues -- readers appear increasingly willing to pay for online news.
03 June 2013
Kazakhstan ready to double trade and economic turnover with Latvia Kazakhstan's trade turnover with Latvia is the highest among the Baltic states, around $350 million: Kazakhstan PM Serik Akhmetov.
03 June 2013
US Treasury implements measure to avoid new debt The US Treasury Friday stopped re-investing in a retirement fund, a major step in its efforts to avoid exceeding the debt ceiling.
02 June 2013
China's Xi in Trinidad to boost Caribbean trade Chinese President Xi Jinping arrived in oil-rich Trinidad and Tobago late Friday for the first leg of a Latin America and Caribbean tour aiming to strengthen Beijing's trade ties in the region.
02 June 2013
EU, IMF, praise Greek progress battling debt Greece on Friday received a vote of confidence from international creditors over progress in overhauling its stricken economy -- and a fresh injection of cash from the IMF.
01 June 2013
Obama approval ratings down amid political flaps President Barack Obama's approval ratings took a hit over the past month as he wrestled with controversies over the IRS, Benghazi and the secret seizure of journalists' phone records.
01 June 2013
Lithuania economy minister quits over private flight to Kazakhstan Lithuanian Economy Minister Birute Vesaite agreed to resign Tuesday after the premier said she made "a mistake" in accepting a cheap flight from a private company seeking a favour.
30 May 2013
African leaders eye big infrastructure for growth Africa has witnessed remarkable growth over the past decade but must invest heavily in infrastructure to continue on this path.
29 May 2013
Japan retains status as top creditor nation Japan kept its position as the world's largest creditor nation for the 22nd straight year in 2012, government data showed Tuesday, as the dollar's gains helped inflate the value of overseas assets.
28 May 2013
Brussels expected to up pressure for economic reform The European Commission is expected on Wednesday to increase the pressure on several countries, particularly France, to speed up structural reforms seen as the only reliable way to boost growth and job creation.
28 May 2013
Kerry unveils $4 bn Palestinian investment plan US Secretary of State John Kerry unveiled Sunday a plan to boost the Palestinian economy by attracting $4 billion in private investment, saying it could transform the lives of the people.
27 May 2013
Japan PM visit boosts huge Myanmar industrial zone Japan's premier agreed Saturday to press on with work on a major industrial zone near Yangon on a visit to Myanmar aimed at deepening economic ties with the former junta-ruled nation.
26 May 2013
China, US to try new tone in desert outing China and the United States are hoping for a new chance to set the course for smoother relations through a secluded desert summit as the Asian power's leader Xi Jinping projects a more confident style.
24 May 2013
EU leaders look to energy for growth boost EU leaders, desperate to give growth a boost, target energy policy Wednesday amid concerns a US-led revolution in shale oil and gas development will reshape the global economy and leave Europe far behind.
22 May 2013
Venezuela moves to relieve toilet paper shortage Venezuela's National Assembly on Tuesday approved a $79 million credit to import toilet paper and other personal hygiene products to relieve shortages in the petroleum-rich state.
22 May 2013
Bank of Japan says no new easing measures The Bank of Japan on Wednesday held off fresh easing measures, saying after a two-day policy meeting that a continuation of steps introduced last month would help Japan overcome deflation.
22 May 2013
Foreign buyers descend on Sicily for bargain property Foreign buyers are swooping on deserted villages in Sicily to snap up homes for as little as 10,000 euros ($13,000), propping up a property market in freefall as Italy suffers its longest-ever recession.
21 May 2013
S&P warns India could face junk status India faces at least "a one-in-three" chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, in another blow to the scandal-tainted Congress government.
19 May 2013
Mexico cuts 2013 growth forecast to 3.1% Mexico cut its 2013 growth forecast on Friday after the economy expanded less than expected in the first quarter due to slumping industrial production and near stagnant exports.
18 May 2013
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