HSBC to sell stake in China insurer Ping An for $9.4 bn
Britain's HSBC said Wednesday it would sell its stake in China's second largest life insurer Ping An for $9.4 billion, as it looks to shift its focus back towards its traditional banking business.
Greece launches bond buyback programme
Greece's PDMA national debt agency said on Monday it had begun a voluntary buyback of the country's bonds at heavily discounted prices, a condition for receiving its latest instalment of EU-IMF bailout funds.
Immigrants in OECD nations hit by economic crisis: report
Immigrants in OECD nations have been badly hit by the economic crisis especially in vulnerable states such as Ireland, Spain and Italy.
China manufacturing hits 13-month high in November: HSBC
Manufacturing activity in China hit a 13-month high in November, HSBC said Monday, in another sign that the world's second largest economy is emerging from a drawn-out slumber.
Clinton urges Europe to do more on economy
US Secretary of State Hillary Clinton urged Europe Thursday to resolve the eurocrisis and seek ways to promote growth and jobs as she praised America's "revitalized relationship" with the region.
Amnesty slams S. Korea for 'abuse' of security law
Amnesty International on Thursday accused South Korea of systematically abusing a 65-year-old security law in order to stifle debate and silence political opposition in Asia's fourth-largest economy.
Euro slips after buying on Greek rescue fizzles
The euro slipped in Asian trade on Wednesday after a buying spree sparked by Greece's bailout deal fizzled owing to lingering concerns over Europe's sovereign debt problems.
New eurozone talks to save Greece from financial collapse
Eurozone finance ministers meet in Brussels Monday for the third time in two weeks for talks on unlocking the next slice of aid to debt-crippled Greece, which is in danger of running out of money.
Could Spain survive loss of Catalonia?
Catalonia's leader Artur Mas says the powerful region's economy can stand tall in Europe without Spain. But could Spain survive without Catalonia?
Japan school aims to create 'Asian leaders'
Asia may be driving growth in the world economy but a Japanese businesswoman behind an innovative new school believes the region is over-reliant on Western-style leadership.
Australia welcomes move to count Aussie as reserve currency
Australia hailed as an endorsement of its economic strength Wednesday IMF moves to count its dollar as a foreign reserve currency, though its central bank chief downplayed it as a technicality.
Commodities turnover between Kazakhstan and South Korea to double by end of 2012
Commodities turnover between Kazakhstan and South Korea will double are reach $2 billion by the end of 2012 Ambassador.
BoJ holds off fresh easing despite calls for action
The Bank of Japan held off launching fresh easing measures on Tuesday, despite growing calls for further stimulus to spur the economy and as it warned of a "high degree of uncertainty".
World Bank fears devastating 4.0 degree warming
The World Bank warned Sunday that global temperatures could rise by four degrees this century without immediate action, with potentially devastating consequences for coastal cities and the poor.
US pushing 'jobs diplomacy' after costly wars: Clinton
The United States will push its economic interests more aggressively to preserve its global leadership after being tied down by two wars in the past decade, Secretary of State Hillary Clinton said Saturday.
Spanish police, protesters clash amid European strikes
Spanish police fired rubber bullets at die-hard protesters hurling bottles, rocks and firecrackers late Wednesday, capping anti-austerity strikes across southern Europe that boiled over into sporadic clashes.
New York governor seeks $30 bn in aid after Sandy
New York Governor Andrew Cuomo asked the US federal government for $30 billion in aid Monday to help his state recover from the devastation left by superstorm Sandy.
Greece eyes fresh bailout funds after budget passed
The Greek parliament on Sunday approved a slashed 2013 budget which the government has vowed will secure the release of foreign aid vital to save the debt-ridden country from insolvency.
IMF slashes Kazakhstan's 2012 GDP growth forecast again
The International Monetary Fund lowered the growth forecast for Kazakhstan’s gross domestic product in 2012 from 5.5 to 5 percent.
Falling aluminium prices hit Rusal earnings
Russian aluminium giant Rusal posted a third-quarter loss of $118 million on Monday, blaming Europe's economic turmoil and China's slowdown for sinking global demand for the metal.