New Cyprus finance minister to be sworn in Cyprus's new finance minister was due to be sworn in Wednesday following his predecessor's resignation hours after a probe was launched into how the island was pushed to the verge of bankruptcy.
03 April 2013
China's Xi signs multi-million-dollar deals in Congo China's new President Xi Jinping on Friday signed deals worth several million dollars with his Congolese counterpart in sectors as varied as banking and infrastructure, on the final leg of his three-nation Africa tour.
01 April 2013
Cyprus will not quit the euro, vows president President Nicos Anastasiades vowed on Friday to keep Cyprus in the euro but had harsh words for international lenders behind the huge bailout that saved the island from bankruptcy.
31 March 2013
Argentina presents conditions for debt repayment Argentina on Friday offered two New York hedge funds to repay its debt to them with cash and new bonds on conditions similar to those used in a 2010 debt swap.
Italy struggles to break government deadlock Italy was left struggling to form a government after leftist leader Pier Luigi Bersani on Thursday lost his bid to end an impasse created by elections with no clear winner in the eurozone's third-largest economy.
29 March 2013
Poles will have to okay eurozone entry: minister Poles will have to okay eurozone entry in a referendum, a senior minister said Wednesday, echoing the prime minister's recent endorsement of a public vote on joining the unpopular currency union.
28 March 2013
World Bank links obesity to high food prices Food prices have dropped since peaking six months ago but remain near record levels, pushing the world's poorest people toward "undernutrition" and obesity.
28 March 2013
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.
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.
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.
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