News about economy
Recession-hit Japan economy shrinks again
Japan's economy shrank for a third straight quarter in October-December, data showed Thursday, leaving it mired in recession owing to weak export demand, but analysts pointed to brighter times ahead.
14 February 2013
Venezuelans race to spend before devaluation
Venezuelans swamped stores on Tuesday to snap up everything from washing machines to plane tickets in a last-minute wave of panic-buying ahead of a 32 percent currency devaluation.
13 February 2013
US to launch free trade talks with EU: Obama
The United States and Europe will launch talks on what would be the world's largest free trade zone, US President Barack Obama declared Tuesday in his State of the Union address.
13 February 2013
Yen strengthens in Asian trade
The yen strengthened slightly in Asian trading on Tuesday after a US Treasury official praised Japan's recent moves to boost the economy as Tokyo faces claims it is manipulating the currency's slide.
12 February 2013
Kazakhstan national fund's assets exceed 10 trillion tenge
As of the end of 2012 the funds of the national fund were over 10 trillion tenge ($67 billion) net of investment profits: Finance Minister.
11 February 2013
White House fears deep damage from spending cuts
The White House warned Friday that billions of dollars in automatic budget cuts set to kick in on March 1 were a "blunt" instrument that could wreak deep damage to the already fragile US economy.
09 February 2013
Pension savings in Kazakhstan grew 20 percent in 2012
Savings in Kazakhstan's pension funds grew 20.1 percent and made 3.2 trillion tenge ($20.7 billion) in 2012.
08 February 2013
'Dysfunction' in Congress puts US at risk: Panetta
Chronic deadlock in Congress threatens to derail the US economy, damage national security and undermine public trust in its leaders.
08 February 2013
Kazakhstan government mulls reducing gap between rich and poor
The gap is big: a small group of very rich people, a small group of poor people and a very weak middle class: Vice-PM.
07 February 2013
Irish lawmakers vote to liquidate Anglo Irish Bank
Irish lawmakers voted through emergency legislation to liquidate the former Anglo Irish bank early Thursday, as part of a deal to ease the eurozone country's massive debt burden.
07 February 2013
Argentine supermarkets freeze prices after IMF censure
Supermarket chains in Argentina agreed to freeze their prices for 60 days in an attempt to rein in inflation.
05 February 2013
S&P faces US govt suit over mortgage bond ratings
The US government plans to sue Standard & Poor's over its rating of mortgage bonds at the heart of the 2008 financial crisis.
05 February 2013
Spanish registered unemployed rises to 4.98 mn in January
The number of Spaniards officially registered as unemployed rose to 4.98 million in January, according to Labour Ministry data released Monday, as the country's recession deepened.
04 February 2013
Schmidt book labels China online menace: report
The Wall Street Journal reported Friday that in his coming book, Google chairman Eric Schmidt brands China an Internet menace that sanctions cyber crime for economic and political gain.
02 February 2013
Pfizer unit Zoetis makes strong market debut
Zoetis, pharmaceutical giant Pfizer's animal-health division, made a dramatic debut on Wall Street Friday as the biggest initial public offering since Facebook.
02 February 2013
US dodges Super Bowl chicken wing shortage
In the run-up to Super Bowl Sunday, millions of American football fans can rest assured: there is no looming shortage of their beloved chicken wings.
02 February 2013
China steel industry says profits plunge
The combined profits of China's major steelmakers crashed by more than 98 percent in 2012 as growth in the economy of the world's largest steel producer slowed.
01 February 2013
Europe will get its money back says Bank of Greece
Greece will pay back the billions of euros of European aid it has received to fight its debt crisis, the head of the country's central bank told Germany's Sueddeutsche Zeitung.
01 February 2013
Zimbabwe has $217 in the bank: Finance Minister
After paying public workers' salaries last week, the balance in cash-strapped Zimbabwe's government public account stood at just $217.
30 January 2013
LatAm leaders open summit, noting Chavez's absence
After wrapping up talks with their European counterparts, Latin American leaders on Sunday opened their own summit here, with the event notable for the absence of Venezuelan President Hugo Chavez.
29 January 2013
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