News about economy

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 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.
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.
18 December 2012
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.
18 December 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.
15 December 2012
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.
14 December 2012
US seen as 'first among equals' in 2030: intel report The United States will likely be the "first among equals" rather than a lone superpower by 2030, in an increasingly chaotic world where China is the top economy.
12 December 2012
Impoverished Greek families facing uncertain future Blue-eyed Angelina had the misfortune of being born in Greece in 2010, just as the country became engulfed by an economic crisis that has deprived her parents, like so many Greeks.
12 December 2012
Japan utilities dive on atomic plant shutdown fears Shares in Japanese power companies plunged Tuesday after a panel of experts said one of the nation's nuclear plants may sit over an active seismic fault, raising fears it would have to be scrapped.
12 December 2012
World's second most polluted city turns to buses On the streets of Ulan Bator a people renowned for their horse riding skills have to contend every day with ever more Hummers, Land Cruisers and Range Rovers.
11 December 2012
Xi's Shenzhen visit a sign of reform: Chinese media China's new Communist Party chief Xi Jinping has signalled his commitment to push for economic reforms by visiting the city of Shenzhen, the historic hub of modernisation.
11 December 2012
IMF's Lagarde warns against US fudge on fiscal cliff The United States needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde said Sunday, warning that anything less would undermine economic confidence.
10 December 2012
Spanish health workers stage fresh protest against cuts Thousands of Spanish health workers clad in white medical garb marched in Madrid on Sunday in a fresh protest against government health cuts and privatisation plans, just days after a similar demonstration.
10 December 2012
Ghana's emergence put to test in tight presidential polls Ghanain voters head to the polls Friday, with two main presidential candidates vying to lead a booming economy in a country seeking to live up to its promise as a beacon of democracy in turbulent West Africa.
08 December 2012
HSBC to sell stake in China insurer Ping An for $9.4 bn Britain's HSBC said Wednesday it would sell its stake in China's second largest life insurer Ping An for $9.4 billion, as it looks to shift its focus back towards its traditional banking business.
05 December 2012
Greece launches bond buyback programme Greece's PDMA national debt agency said on Monday it had begun a voluntary buyback of the country's bonds at heavily discounted prices, a condition for receiving its latest instalment of EU-IMF bailout funds.
05 December 2012
Immigrants in OECD nations hit by economic crisis: report Immigrants in OECD nations have been badly hit by the economic crisis especially in vulnerable states such as Ireland, Spain and Italy.
04 December 2012
China manufacturing hits 13-month high in November: HSBC Manufacturing activity in China hit a 13-month high in November, HSBC said Monday, in another sign that the world's second largest economy is emerging from a drawn-out slumber.
03 December 2012
Clinton urges Europe to do more on economy US Secretary of State Hillary Clinton urged Europe Thursday to resolve the eurocrisis and seek ways to promote growth and jobs as she praised America's "revitalized relationship" with the region.
01 December 2012
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