News about economy
A year on, Olympics yet to solve East London's problems
A year after hosting the Olympics, London is trumpeting the economic benefits of the Games. But residents living near the Olympic Park are still waiting for the promised benefits as rents soar.
26 July 2013
Debt, shadow finance bedevil China's economy
Decades of breakneck expansion have given China gleaming skyscrapers and sleek railways, but brought piles of debt.
26 July 2013
US still up for warming Venezuela ties after fresh row
The United States said Wednesday it is still open to improving ties with Venezuela after Caracas called off the rapprochement.
25 July 2013
Biden in Mumbai to boost US-India trade ties
US Vice President Joe Biden is expected Wednesday to urge India to further open its doors to foreign investment, during his visit to boost bilateral ties between the world's two largest democracies.
24 July 2013
Obama kicks off economy tour as new fiscal fight looms
US President Barack Obama hits the road this week to drum up support for his economic program as rival Republicans warn of a new showdown over the government's debt ceiling.
24 July 2013
Obama pledges 'bold' ideas to help US middle class
President Barack Obama on Monday pledged to unveil "bold" ideas to help America's struggling middle class as part of a fresh offensive to boost the economy.
23 July 2013
Kazakhstan retains GDP growth at 5.1%
The economy growth is driven by the growing consumer spending: the country’s retail turnover has grown by 12.3% since the start of the year: Economic Affairs Minister.
23 July 2013
Global poll sees China rising, but high marks for US
The world increasingly believes China will become the top superpower but the United States enjoys a better image in most regions.
19 July 2013
Bernanke: Fed will not raise rates in forseeable future
Federal Reserve Chairman Ben Bernanke reiterated Wednesday that the Fed is nowhere close to raising interest rates, assuring markets that the US easy money tap would not soon dry up.
18 July 2013
Hopes fade for revival of joint Korean industrial zone
North and South Korea will hold fresh talks on reopening their joint industrial zone with low hopes of an early agreement following months of friction.
17 July 2013
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