News about economy
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
Kazakhstan government instructed to narrow gap between rich and poor
Nursultan Nazarbayev instructed Kazakhstan government to work on narrowing the gap between rich and poor.
15 April 2013
Strong growth in Asia but overheating a risk: World Bank
East Asian and Pacific economies will grow 7.8 percent this year on robust domestic demand.
15 April 2013
Oil down as China's GDP comes in below expectations
Oil was down in Asia on Monday after China's economic growth for the first quarter came in below expectations, with sentiment also weighed by forecasts of weaker global demand.
15 April 2013
Barroso assures US of Europe's 'strong' economy
The president of the European Commission, Jose Manuel Barroso, called on the United States Friday to not underestimate Europe's economic strength.
14 April 2013
Euro ministers in bid to finalise Cyprus bailout
Eurozone and EU finance ministers meet in Dublin from Friday to finalise the Cyprus bailout and consider extending debt repayment dates for Portugal and Ireland.
12 April 2013
Croatia's flagging support to join EU to be tested by vote
Not so long ago, Croatia was ebullient at the prospect of becoming the EU's newest member in July this year.
11 April 2013
N. Korea blames South's leader for Kaesong closure
N. Korea on Thursday renewed a threat to permanently close its Kaesong joint industrial zone with S. Korea, blaming the "confrontation" policies of the South's new president.
11 April 2013
With back against wall, Portugal pushes on with austerity
Despite the risk of aggravating the recession and unemployment, Portugal's government is wagering that following the austerity prescribed by its creditors will help it regain market confidence and avoid a second bailout.
10 April 2013
Austerity putting children at risk: UN
The UN warned Wednesday that austerity measures are hitting children hard, as it published a ranking of kids' well-being in rich countries topped by northern European countries and showing Britain climbing out of the bottom tier.
10 April 2013
Asian economies to rebound but recovery fragile: ADB
The Asian Development Bank said Tuesday the region's emerging economies would pick up this year but warned that the recovery remained fragile due to the eurozone crisis and tensions in Asia.
09 April 2013