Moderate leftist Letta nominated to lead Italy
An Italian leftist politician, Enrico Letta, was nominated to be the new prime minister on Wednesday, bringing to an end a bitter two-month deadlock on forming a new government.
S. Korea economy grows at fastest pace for two years
South Korea's economy grew at its fastest pace in two years in the first quarter of this year as exports bounced back despite competition from a weak yen.
Labor migrants generate $1.1 billion a year for Kazakhstan
At least 0.57 percent of Kazakhstan's GDP -- $1.1 billion per year -- is generated by labor migrants.
Hollande leaves domestic woes behind for sales trip to China
French President Francois Hollande, accompanied by a high-powered business delegation, starts a two-day visit to China Thursday, with trade rather than geopolitics at the top of the agenda.
OECD backs Japan deflation fight, says must cut debt
The Organisation for Economic Co-operation and Development on Tuesday backed Japan's bid to end years of deflation, but called on Tokyo to step up efforts to shrink its huge debt pile.
GDP expected at 5% in H1 in Kazakhstan
Forecast GDP growth will make 5 percent in Kazakhstan in the first half of 2013.
Swiss watchmakers keep wary eye on China
The world's biggest watch fair is set to open this week in Basel amid growing uncertainty over whether the industry can keep up its momentum and rake in another year of record sales in China.
Kaesong closure hits South Korean deals
The closure of the Kaesong joint-industrial zone has begun to hit deals between South Korean manufacturers and foreign buyers.
G20 pledge 'ambitious' steps to spur growth, jobs
The Group of 20 economic powers pledged "ambitious" steps Friday to spur growth and job creation to get the crisis-scarred global economy back on track.
India reaches 'broad consensus' on land acquisition bill
India's main political parties have struck a "broad consensus" on a contentious land acquisition bill to better reward landowners whose property is bought for industrial development.
Weak global economy key worry as IMF, World Bank meet
Advanced and developing countries alike voiced worries over fragile global growth, eurozone stagnation and the swamp of excess monetary liquidity as the IMF and World Bank spring meetings kicked off.
NGO slams IMF's 'double standard' on austerity
Jubilee USA Network, a debt-relief organization, on Thursday criticized the International Monetary Fund for using a "double standard" in prescribing austerity measures to troubled economies.
APEC warns against currency devaluations, property bubble
Asia Pacific economies must refrain from competitive currency devaluations and are vulnerable to speculative buying in the housing market.
UN tips faster Asian growth, urges poverty action
Asia-Pacific growth will edge up this year on the back of a recovery in the US and emerging nations.
Sprint counteroffer to make no difference: SoftBank
Japan's SoftBank said Tuesday it still expects its bid to acquire Sprint Nextel will succeed on schedule in July, despite a higher counter-offer from a US firm.
S. Korea proposes $17.3 bn extra budget for 2013
South Korea proposed Tuesday a 17.3 trillion won ($15.4 billion) supplementary budget to help boost the economy, including further spending on defence at a time of heightened tensions with the North.
Oil tumbles for second day on slower Chinese growth
Oil prices tumbled further in Asia on Tuesday, dragged by prospects of weaker crude demand from China after data showed the world's second largest economy was not growing as fast as expected.
Kazakhstan economy growth to exceed Russia 2.5-fold in 2013
Kazakhstan will achieve the target value of the economy growth set at 6 percent by the end of the year: official.
Kazakhstan government instructed to narrow gap between rich and poor
Nursultan Nazarbayev instructed Kazakhstan government to work on narrowing the gap between rich and poor.
Strong growth in Asia but overheating a risk: World Bank
East Asian and Pacific economies will grow 7.8 percent this year on robust domestic demand.