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 14:53
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 15:20
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 12:28
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 10:22
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 18:05
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 13:15
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 11:00
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 16:46
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.
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 12:15
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 13:51
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 11:41
$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 11:55
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.
