site.news_by_theme economy
Spanish government in new bid to revive economy
Spain's government, seeking to cut its deficit amidst a double-dip recession, is to unveil new measures Friday aimed at reviving the economy, a day after registering record unemployment.
26 April 2013
Putin urges cooperation with US, defends handling of economy
Vladimir Putin called for greater anti-terror cooperation with the US and defended his economic policies against a background of rising discontent, in the first nationwide phone-in of his new Kremlin term.
26 April 2013
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.
25 April 2013
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.
25 April 2013
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.
24 April 2013
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.
24 April 2013
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.
24 April 2013
GDP expected at 5% in H1 in Kazakhstan
Forecast GDP growth will make 5 percent in Kazakhstan in the first half of 2013.
23 April 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.
23 April 2013
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.
20 April 2013
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.
20 April 2013
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.
20 April 2013
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.
19 April 2013
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.
19 April 2013
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.
19 April 2013
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.
18 April 2013
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.
17 April 2013
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.
16 April 2013
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.
16 April 2013
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.
16 April 2013