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S. Korea cuts growth outlook for 2012, 2013 The South Korean government on Thursday slashed the nation's growth outlook for 2012 and 2013, citing the eurozone debt crisis and US fiscal woes that continue to dampen global demand.

28 December 2012

Obama breaks off vacation to deal with fiscal cliff President Barack Obama was to cut his holiday short and head back to Washington on Wednesday to try to address the "fiscal cliff," a set of tax hikes and spending cuts to take effect next year.

27 December 2012

S. Korea's KT bids for Vivendi stake in Maroc South Korean mobile operator KT said Wednesday it has submitted a preliminary bid for French group Vivendi's stake in Moroccan carrier Maroc in a deal estimated to be worth more than $7 billion.

27 December 2012

China and emerging powers to pay more for UN China, Brazil, India and other emerging powers agreed to major increases in their United Nations payments as the global body hammered out a new budget deal this week to avoid its own fiscal cliff.

26 December 2012

Hawkish Abe to be named Japan's next prime minister Japan's conservative leader Shinzo Abe is to be named as the country's new prime minister Wednesday, after he swept to power on a hawkish platform of getting tough on diplomacy while fixing the economy.

26 December 2012

King urges Spain to unite against crisis King Juan Carlos called on Spaniards to unite against an economic crisis of previously unimagined intensity in a Christmas Eve message Monday that took clear aim at Catalonia's bid for nationhood.

25 December 2012

US stocks lower on 'fiscal cliff' pessimism US stocks slid during a shortened Christmas Eve session Monday amid pessimism about prospects for a "fiscal cliff" deal by the end of the year.

25 December 2012

Vietnam seeks economic boost with fresh rate cuts Vietnam on Monday cut its key interest rates for the sixth time in 2012 in an attempt to boost an economy growing at the weakest pace in more than a decade.

25 December 2012

Japan's new China envoy urges stronger economic ties Japan's new envoy to China urged stronger economic ties with Beijing in an interview broadcast Monday, after the incoming premier pledged to mend bilateral ties strained by a bitter territorial row.

24 December 2012

World Bank ups Chinese growth projection for 2013 The World Bank on Wednesday upwardly revised its projection for Chinese economic growth in 2013 from 8.1 percent to 8.4 percent, but predicted the rate would taper off in the longer run.

20 December 2012

China sees gloomy 2013 foreign trade environment China said Tuesday it faces a bleak foreign trade environment in 2013 due to ongoing global economic weakness, as the Asian export powerhouse appears set to miss this year's trade growth target.

18 December 2012

IMF's Argentina censure motion set for late January The International Monetary Fund said Monday its executive board is unlikly to consider until late January any possible action against Argentina for failing to supply accurate economic data.

18 December 2012

Toyota shares hit highest level this year Toyota shares on Tuesday jumped to their highest level this year, boosted by a weaker yen and after a report said the firm was on track to be the world's biggest automaker in 2012.

18 December 2012

Coca-Cola FEMSA to acquire Philippine bottler Coca-Cola FEMSA of Mexico is to take control of the US soft drink firm's bottling operations in the Philippines in a $688.5 million cash deal.

15 December 2012

Non-extraction industries to double by 2025 and triple by 2040: President Nazarbayev According to him, in 2012 Kazakhstan will be numbered among the top 50 nations in the world in terms of its GDP.

14 December 2012

US seen as 'first among equals' in 2030: intel report The United States will likely be the "first among equals" rather than a lone superpower by 2030, in an increasingly chaotic world where China is the top economy.

12 December 2012

Impoverished Greek families facing uncertain future Blue-eyed Angelina had the misfortune of being born in Greece in 2010, just as the country became engulfed by an economic crisis that has deprived her parents, like so many Greeks.

12 December 2012

Japan utilities dive on atomic plant shutdown fears Shares in Japanese power companies plunged Tuesday after a panel of experts said one of the nation's nuclear plants may sit over an active seismic fault, raising fears it would have to be scrapped.

12 December 2012

World's second most polluted city turns to buses On the streets of Ulan Bator a people renowned for their horse riding skills have to contend every day with ever more Hummers, Land Cruisers and Range Rovers.

11 December 2012

Xi's Shenzhen visit a sign of reform: Chinese media China's new Communist Party chief Xi Jinping has signalled his commitment to push for economic reforms by visiting the city of Shenzhen, the historic hub of modernisation.

11 December 2012

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