Venezuela moves to relieve toilet paper shortage Venezuela's National Assembly on Tuesday approved a $79 million credit to import toilet paper and other personal hygiene products to relieve shortages in the petroleum-rich state.
22 May 2013
Bank of Japan says no new easing measures The Bank of Japan on Wednesday held off fresh easing measures, saying after a two-day policy meeting that a continuation of steps introduced last month would help Japan overcome deflation.
22 May 2013
Foreign buyers descend on Sicily for bargain property Foreign buyers are swooping on deserted villages in Sicily to snap up homes for as little as 10,000 euros ($13,000), propping up a property market in freefall as Italy suffers its longest-ever recession.
21 May 2013
S&P warns India could face junk status India faces at least "a one-in-three" chance of losing its prized sovereign grade rating, global ratings agency Standard and Poor's has warned, in another blow to the scandal-tainted Congress government.
19 May 2013
Mexico cuts 2013 growth forecast to 3.1% Mexico cut its 2013 growth forecast on Friday after the economy expanded less than expected in the first quarter due to slumping industrial production and near stagnant exports.
18 May 2013
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.
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