News about economy
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
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
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