site.news_by_theme economy
Tycoon says Australia treating mining firms as ATMs
Australia's richest person Gina Rinehart on Friday accused the government of using the mining industry as an ATM, warning of an unhealthy reliance on the sector and unsustainable debt levels.
17 May 2013
Greek teachers drop strike plans during exam period
Greek school teachers early on Thursday abandoned plans to hold a strike during university entry exams after the government enacted an emergency decree to force them back to work.
16 May 2013
Hollande's headache worsens as France slips into recession
President Francois Hollande's nagging headache to reboot the French economy has turned into a migraine as the economy slipped into its second recession in four years, fuelling speculation of an impending cabinet reshuffle.
16 May 2013
Japan economy grows again, points to recovery
Japan said Thursday that its economy grew again in the quarter to March, pointing to a recovery as Tokyo and its hand-picked central bank team set about stoking the world's third-largest economy.
16 May 2013
Upbeat New Zealand heading back to the black
New Zealand on Thursday bucked the international trend toward austerity budgets and lifted spending modestly, while still predicting its books will be back in the black within two years.
16 May 2013
Japan mayor ready to apologise to comfort women
The maverick mayor of Osaka on Thursday offered to meet former "comfort women" to apologise for their suffering after causing an international storm when he said they served a "necessary" role in wartime.
16 May 2013
BHP to scale back capital spending by a fifth
Global mining giant BHP Billiton has outlined plans to slash capital spending by almost a fifth, with new chief executive Andrew Mackenzie warning the brakes could be applied even further.
15 May 2013
G7 talks growth, austerity amid yen concerns
The G7 top economies are set for a second day of talks aimed at spurring growth amid US-Europe divisions over the scale of austerity and renewed market focus on "currency wars".
12 May 2013
Sri Lanka cuts lending rates hoping for growth
Sri Lanka's central bank Friday cut benchmark lending rates by 50 basis points, saying the move was to designed to encourage growth amid sluggish economic activity this year.
10 May 2013
Panama, in energy crisis, closes schools, universities
Up against the wall in a drought-sparked energy crisis, Panama said Tuesday it would shut high schools and universities for three days, in a desperate bid to reduce power usage.
08 May 2013
US billionaire Warren Buffett optimistic on stocks
Billionaire Warren Buffett is praising the policies of both President Barack Obama and his predecessor George W. Bush for moving the US economy in the right direction.
06 May 2013
Oil takes breather in Asia after strong rally
Oil prices took a breather in Asian trade Friday as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates.
03 May 2013
S. Korea vows aid for firms hit by Kaesong exit
South Korea on Thursday pledged about $270 million in financial aid for firms hit by the withdrawal from a joint industrial zone in North Korea that has fallen victim to military tensions.
02 May 2013
German unemployment up slightly in April
Unemployment in Germany rose in April as companies become more cautious about hiring in face of the slowing economy, but the labour market nevertheless remains robust.
01 May 2013
Best Buy withdraws from Europe
US electronic goods retail giant Best Buy confirmed Tuesday it was withdrawing from Europe, selling its stake in its joint venture launched with Carphone Warehouse Group.
30 April 2013
Merkel lambasted by France despite her softer tone
An attack by French Socialists on Angela Merkel's drive for belt-tightening coincides with concessions by the German chancellor on austerity, but five months from elections she is loathe to trumpet her flexibility.
30 April 2013
New Italy PM to unveil programme for change
Italy's new Prime Minister Enrico Letta was set to unveil his coalition government's programme on Monday, under the watchful gaze of international markets and European partners.
30 April 2013
French ministers warn against picking fight with Germany
Senior French ministers warned Monday against picking a fight with Germany after the ruling Socialists accused Chancellor Angela Merkel of being "selfish" in her drive for eurozone austerity.
29 April 2013
Archbishop says OK with irking British PM on economy
Archbishop of Canterbury Justin Welby accepted in an interview aired Saturday that he had probably ruffled the British government's feathers with his comments on the bleak state of the economy.
28 April 2013
Spain begs time to fix finances, eyes growth
Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union's target for reining in its public deficit.
27 April 2013