News about economy
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.
08 March 2013
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.
05 March 2013
GDP growth forecast at 6-7 percent in Kazakhstan in 2013-2017
The economy growth has to be more stable in 2013: Kazakhstan Minister.
05 March 2013
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
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
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
$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
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.
27 February 2013
China ratings firm warns of global 'currency crisis'
Rising sovereign debt levels in advanced economies are spawning a crisis that threatens to topple the dollar and other reserve currencies.
25 February 2013
Japan to nominate ADB president as BoJ chief: reports
The Japanese government of Shinzo Abe is set to nominate Asian Development Bank president Haruhiko Kuroda as governor of the central bank.
25 February 2013
Lightning-fast mobile hits speed bump in Europe
Lightning-fast fourth generation mobile networks are spreading rapidly worldwide, led by the United States, Japan and South Korea, but Europe lags behind and its economic crisis could brake investment.
25 February 2013
Britain loses AAA rating in Moody's downgrade
Moody's stripped Britain of its triple-A debt rating Friday, saying government debt was still mounting and that growth was too weak to reverse the trend before 2016.
23 February 2013
Uncertainty hangs heavy as Italy braces for elections
Italy was poised to hold its most important elections in a generation starting on Sunday, as financial markets warned an unclear outcome could plunge the eurozone's third economy back into crisis.
22 February 2013
Conservative seen set to win Cyprus presidency
Cyprus heads for a presidential runoff on Sunday, with the first round's rightwing winner, who backs a bailout for the near bankrupt island.
21 February 2013
Google shares top $800 despite Microsoft challenge
Internet search king Google's shares pushed past $800 for the first time Tuesday despite a tough new challenge from Microsoft and looming European Union action over alleged privacy violations.
20 February 2013
Crisis-hit arms market shrinks, first time since 1994: SIPRI
For the first time since the mid-1990s, sales of the 100 biggest arms dealers excluding China declined in 2011 as the economic crisis prompted budget cuts.
18 February 2013
Devaluation of bolivar expensive for some US firms
The recent devaluation of the Venezuelan bolivar was a blow to some major US companies, highlighting the importance of financial ties between the two nations despite their political disagreements.
17 February 2013