Britain urges bold G8 action on global economy British Prime Minister David Cameron called on his fellow G8 leaders on Wednesday to start work now on agreeing "bold steps" to help boost global economic growth, ahead of a summit he will host in June.
Spain faces 207-bn-euro headache in 2013 Spain defied the markets by averting a sovereign bailout this year but high interest rates could yet force Madrid to its knees as the nation confronts a 207-billion-euro ($274 billion) financing headache in 2013.
Merkel steels Germans for 'more difficult' 2013 Chancellor Angela Merkel warned Germans that the economy, Europe's biggest, would experience a harder time next year than in 2012 and cautioned too that the eurozone debt crisis was far from over.
31 December 2012
Obama 'modestly optimistic' for fiscal deal President Barack Obama said Friday he was "modestly optimistic" a last-minute deal was possible with Republicans to avert a "fiscal cliff" crisis that could spark a recession and rock global markets.
New Japanese finance chief hits out at BoJ: reports Japan's new finance chief hit out at the country's under-pressure central bank, reports said Thursday, saying it was "slow" in tackling deflation that has plagued the economy for years.
28 December 2012
S. Korea cuts growth outlook for 2012, 2013 The South Korean government on Thursday slashed the nation's growth outlook for 2012 and 2013, citing the eurozone debt crisis and US fiscal woes that continue to dampen global demand.
28 December 2012
Obama breaks off vacation to deal with fiscal cliff President Barack Obama was to cut his holiday short and head back to Washington on Wednesday to try to address the "fiscal cliff," a set of tax hikes and spending cuts to take effect next year.
27 December 2012
S. Korea's KT bids for Vivendi stake in Maroc South Korean mobile operator KT said Wednesday it has submitted a preliminary bid for French group Vivendi's stake in Moroccan carrier Maroc in a deal estimated to be worth more than $7 billion.
27 December 2012
China and emerging powers to pay more for UN China, Brazil, India and other emerging powers agreed to major increases in their United Nations payments as the global body hammered out a new budget deal this week to avoid its own fiscal cliff.
26 December 2012
Hawkish Abe to be named Japan's next prime minister Japan's conservative leader Shinzo Abe is to be named as the country's new prime minister Wednesday, after he swept to power on a hawkish platform of getting tough on diplomacy while fixing the economy.
26 December 2012
King urges Spain to unite against crisis King Juan Carlos called on Spaniards to unite against an economic crisis of previously unimagined intensity in a Christmas Eve message Monday that took clear aim at Catalonia's bid for nationhood.
25 December 2012
US stocks lower on 'fiscal cliff' pessimism US stocks slid during a shortened Christmas Eve session Monday amid pessimism about prospects for a "fiscal cliff" deal by the end of the year.
25 December 2012
Vietnam seeks economic boost with fresh rate cuts Vietnam on Monday cut its key interest rates for the sixth time in 2012 in an attempt to boost an economy growing at the weakest pace in more than a decade.
25 December 2012
Japan's new China envoy urges stronger economic ties Japan's new envoy to China urged stronger economic ties with Beijing in an interview broadcast Monday, after the incoming premier pledged to mend bilateral ties strained by a bitter territorial row.
24 December 2012
World Bank ups Chinese growth projection for 2013The World Bank on Wednesday upwardly revised its projection for Chinese economic growth in 2013 from 8.1 percent to 8.4 percent, but predicted the rate would taper off in the longer run.
20 December 2012
China sees gloomy 2013 foreign trade environment China said Tuesday it faces a bleak foreign trade environment in 2013 due to ongoing global economic weakness, as the Asian export powerhouse appears set to miss this year's trade growth target.
18 December 2012
IMF's Argentina censure motion set for late January The International Monetary Fund said Monday its executive board is unlikly to consider until late January any possible action against Argentina for failing to supply accurate economic data.
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