Brazil, Mexico have most Latin American billionaires
Brazil and Mexico have the most billionaires in Latin America but earn the least from estate taxes, according to a new study from a regional economic group.
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.
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.
Britain's Cameron could make EU unravel: Van Rompuy
British Prime Minister David Cameron's attempts to win back powers from the European Union could cause the 27-nation bloc to fall apart.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
World Bank ups Chinese growth projection for 2013
The 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.
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.
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.
Toyota shares hit highest level this year
Toyota shares on Tuesday jumped to their highest level this year, boosted by a weaker yen and after a report said the firm was on track to be the world's biggest automaker in 2012.
Coca-Cola FEMSA to acquire Philippine bottler
Coca-Cola FEMSA of Mexico is to take control of the US soft drink firm's bottling operations in the Philippines in a $688.5 million cash deal.
Non-extraction industries to double by 2025 and triple by 2040: President Nazarbayev
According to him, in 2012 Kazakhstan will be numbered among the top 50 nations in the world in terms of its GDP.
