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IMF's Lagarde warns against US fudge on fiscal cliff The United States needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde said Sunday, warning that anything less would undermine economic confidence.

10 December 2012

Spanish health workers stage fresh protest against cuts Thousands of Spanish health workers clad in white medical garb marched in Madrid on Sunday in a fresh protest against government health cuts and privatisation plans, just days after a similar demonstration.

10 December 2012

Ghana's emergence put to test in tight presidential polls Ghanain voters head to the polls Friday, with two main presidential candidates vying to lead a booming economy in a country seeking to live up to its promise as a beacon of democracy in turbulent West Africa.

08 December 2012

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.

05 December 2012

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.

05 December 2012

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.

04 December 2012

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.

03 December 2012

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.

01 December 2012

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.

29 November 2012

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.

29 November 2012

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.

26 November 2012

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?

26 November 2012

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.

25 November 2012

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.

22 November 2012

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.

20 November 2012

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".

20 November 2012

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.

20 November 2012

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.

17 November 2012

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.

15 November 2012

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.

13 November 2012

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