site.news_by_theme economy
Obama, Xi urge new relationship in first summit
Throwing formality aside at a desert retreat, Presidents Barack Obama and Xi Jinping called Friday for a new approach to forge relations between the US superpower and a rising China.
08 June 2013
Turkey tourism takes a hit but visitors shrug off unrest
Hotel reservations may be down after a week of violent mass protests in Turkey, but plucky tourists on the ground have taken the unrest in their stride.
07 June 2013
IMF admits 'notable failures' in 2010 Greece rescue
The International Monetary Fund on Wednesday admitted to significant failures in the first Greek rescue that forced a second, larger bailout and left the country in a deep recession.
06 June 2013
China's Xi sees new 'golden era' in Latin America
President Xi Jinping on Wednesday heralded the dawn of a new "golden era" for Latin America during a visit to Mexico and urged the region to hitch its economic development to China's solid growth.
06 June 2013
US moves help Iranians get on line but hit economy
The US is making it easier for information-hungry Iranians to get on the Internet and use social media, but has also slapped new sanctions on the economy that could make their lives more painful.
06 June 2013
Global economy may be in 'softer patch': Lagarde
The head of the International Monetary Fund, Christine Lagarde, warned Tuesday the global economy may be slowing more than thought just over a month ago.
05 June 2013
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