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Draconian controls as Cyprus banks set to reopen Cypriots will finally get access to their bank accounts later on Thursday after a nearly two-week lockdown, but under tight restrictions unprecedented in the eurozone.

28 March 2013

Cyprus banks to stay shut as world markets take fright Cyprus reversed course and decided to keep its banks shut as world markets took fright at the implications for the eurozone of the island's 10-billion-euro bailout deal with international creditors.

26 March 2013

China president in Tanzania on start of African tour China's new President Xi Jinping jetted into Tanzania Sunday on the first stop of his three-nation Africa tour that underscores Beijing's growing presence in the resource-rich continent.

26 March 2013

Oil prices up in Asia on Cyprus bailout deal Oil prices rose in Asian trade Monday after Cyprus and its international creditors struck a 10 billion euro bailout deal, averting collapse of the country's banking system.

26 March 2013

Kazakhstan and Finland join green economy efforts Kazakhstan and Finland will sign an Action Plan on cooperation in green economy.

23 March 2013

Eurozone says ditch Cyprus tax grab on smallest accounts The eurozone has told debt-hit Cyprus to revise a controversial levy on bank deposits to allow small savers to escape the tax, part of a larger bailout deal, amid a public outcry and fears of a bank run.

19 March 2013

Leaders wrestle with austerity as EU jobless fears rise EU leaders wrestled with German demands for strict austerity and a French-Italian push for growth-friendly spending at a summit.

16 March 2013

Developing world's rise heralds global shift: UN The developing world's rapid growth has sharply cut extreme poverty, created a new middle class and put the economies of Brazil, China and India on a path to overtake the globe's wealthiest nations.

16 March 2013

Aid flowing to Myanmar may hinder, not help: experts Governments and agencies must be wary of drowning Myanmar with well-intentioned but ill-targeted aid, experts warned Thursday, admonishing the global community to "first do no harm."

15 March 2013

IMF calls for 'urgent action' to boost Palestinian economy The International Monetary Fund (IMF) Thursday called for "urgent action" to help revive the Palestinian economy, saying it had been choked by Israeli restrictions and political uncertainty.

15 March 2013

US companies keep more money offshore: report US companies are keeping more of their profits offshore, choosing overseas tax havens amid talk in Washington about closing corporate tax loopholes.

11 March 2013

Hope and despair as Japan marks tsunami anniversary In the dark months after a catastrophic tsunami smashed into Japan, killing almost 19,000 people and sparking a nuclear disaster, hopes for a rapid recovery and a national rebirth were frustrated by political paralysis.

08 March 2013

Nigeria staggers toward title of Africa's biggest economy The ever-expanding moonscape that stretches out behind a wall holding back the Atlantic Ocean here will one day host a project designed to help anchor Nigeria as Africa's biggest economy.

05 March 2013

GDP growth forecast at 6-7 percent in Kazakhstan in 2013-2017 The economy growth has to be more stable in 2013: Kazakhstan Minister.

05 March 2013

Spanish shirt-seller is world's third-richest man The recession ravaging Spain's economy has not held back Amancio Ortega, a railwayman's son from Galicia, who has just leaped to third place in Forbes magazine's listing of the richest people in the world.

05 March 2013

Swiss overwhelmingly vote for golden parachute ban A large majority of Swiss voted Sunday to rein in executive pay and force business leaders to give up golden parachutes, according to final results of the popular vote.

04 March 2013

Economic gloom overshadows euro finance ministers meeting Eurozone finance ministers meet Monday against the backdrop of a weak economy and increased political uncertainty after inconclusive polls in Italy, the group's third largest economy.

04 March 2013

$85 billion austerity hit lines up US economy An $85 billion dollar austerity time bomb was to detonate against the US economy Friday, as President Barack Obama blamed a Republican refusal to compromise for a failure to avert "dumb" spending cuts.

02 March 2013

Looming US cuts raise fears for world's poor With the United States days away from billions of dollars in automatic spending cuts, anti-poverty campaigners fear that reductions in foreign aid could potentially lead to thousands of deaths.

27 February 2013

China ratings firm warns of global 'currency crisis' Rising sovereign debt levels in advanced economies are spawning a crisis that threatens to topple the dollar and other reserve currencies.

25 February 2013

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