News about economy
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 12:54
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 11:50
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 11:34
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 15:40
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 18:15
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 16:35
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 12:03
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 11:46
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 13:12
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 11:10
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 10:26
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 12:02
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 14:13
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 14:43
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 18:02
'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 10:01
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 17:29
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 14:58
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 13:35
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 12:21