News about economy

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 10:36

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 15:05

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 12:17

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 11:36

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 12:37

Amnesty slams S. Korea for 'abuse' of security law

Amnesty International on Thursday accused South Korea of systematically abusing a 65-year-old security law in order to stifle debate and silence political opposition in Asia's fourth-largest economy.
29 November 2012 16:48

Euro slips after buying on Greek rescue fizzles

The euro slipped in Asian trade on Wednesday after a buying spree sparked by Greece's bailout deal fizzled owing to lingering concerns over Europe's sovereign debt problems.
29 November 2012 10:35

Could Spain survive loss of Catalonia?

Catalonia's leader Artur Mas says the powerful region's economy can stand tall in Europe without Spain. But could Spain survive without Catalonia?
26 November 2012 12:49

Japan school aims to create 'Asian leaders'

Asia may be driving growth in the world economy but a Japanese businesswoman behind an innovative new school believes the region is over-reliant on Western-style leadership.
25 November 2012 14:10

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