French ministers warn against picking fight with Germany
Senior French ministers warned Monday against picking a fight with Germany after the ruling Socialists accused Chancellor Angela Merkel of being "selfish" in her drive for eurozone austerity.
Archbishop says OK with irking British PM on economy
Archbishop of Canterbury Justin Welby accepted in an interview aired Saturday that he had probably ruffled the British government's feathers with his comments on the bleak state of the economy.
Spain begs time to fix finances, eyes growth
Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union's target for reining in its public deficit.
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.
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.
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.
