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Moody's upgrades S. Korea credit rating Ratings agency Moody's Investors Service Monday upgraded South Korea's sovereign credit rating, citing strong fiscal fundamentals and resilience to external economic shocks.

28 August 2012

Merkel: 'every day' counts for Greece's austerity steps German Chancellor Angela Merkel on Sunday warned that "every day" counts in efforts by debt-wracked Greece to comply with its commitments and safeguard its eurozone membership.

28 August 2012

Brazil cracks down on cocaine trafficking in border areas Faced with rising cocaine consumption linked to economic prosperity, Brazil is cracking down harder on trafficking along its borders with three top neighboring coca leaf producers: Bolivia, Peru and Colombia.

27 August 2012

Superstition thrives in modern Singapore Whenever Christina Tang is overseas and returns to her hotel room, she always knocks on the door before entering even if she is the only occupant.

26 August 2012

Australia sees China chance in Chevron gas exit Australian officials on Tuesday welcomed Chevron's decision to bow out of Woodside Petroleum's massive Browse liquefied natural gas project as a chance for Chinese investors to buy in.

22 August 2012

Berlin douses hopes of quick euro crisis fix Germany on Monday dampened hopes for powerful action from the European Central Bank to fix the euro crisis and slapped down speculation of an immediate breakthrough on debt-wracked Greece.

21 August 2012

Greek euro exit 'manageable' but expensive: ECB A Greek exit from the eurozone would be "manageable" even if it would be expensive and result in higher unemployment.

20 August 2012

Italy's Monti warns against euro being EU 'break-up factor' The euro must not become a "break-up factor" that pits northern Europe against crisis-choked nations in the south of the continent.

20 August 2012

New Dominican Republic president pushes anti-poverty fight Economist Danilo Medina was sworn in as the Dominican Republic's new president Thursday and pushed for a pact against poverty as he assumed the post.

18 August 2012

Eurozone fears shadow Merkel's arrival in Canada German leader Angela Merkel held talks Wednesday with her Canadian counterpart on a first-ever bilateral visit shadowed by eurozone fears and Ottawa's refusal to wade into relief efforts.

16 August 2012

Asian economies most at risk from natural disasters Asian countries dominate a league table of economies most at risk from earthquakes, floods, storms and other natural hazards, according to research published on Wednesday.

16 August 2012

Indian PM pledges to attract more foreign investment Indian PM Manmohan Singh used his Independence Day speech on Wednesday to promise to improve conditions for foreign investment in the country after a sharp downturn in economic growth.

15 August 2012

Brent crude oil price hits three-month high Crude prices finished mixed Monday after early jumps, with Brent topping $115 a barrel before settling back for a modest gain.

14 August 2012

Olympics: Most Britons say Games worth the cost - poll Most Britons believe the London Olympics have delivered good value for money, according to a poll published Saturday, as the hosts revel in Britain's best performance at the Games for more than a century.

12 August 2012

Japan lawmakers to approve long-awaited tax hike An unpopular bill to double Japan's sales tax and partially plug its gaping debt hole is set to be passed by lawmakers Friday in a triumph for the prime minister that could also herald the end of his job.

11 August 2012

S. Korea firms in talks to resume Iran oil imports South Korean oil refiners are in talks with Iran to resume oil imports, officials said Thursday, potentially by using Iranian tankers as a way to circumvent EU sanctions.

09 August 2012

S&P cuts Greek outlook to 'negative' Standard & Poor's cut Greece's debt rating outlook to negative Tuesday, saying the worsening economy and political challenges could soon force another downgrade.

08 August 2012

Argentina imposes more restrictions on US dollars Argentina has imposed another restriction on the sale of US dollars, barring travelers from purchasing them unless the dollar is the currency of their destination.

08 August 2012

Greece and the Olympics: wishing for a ray of hope Eight years after hosting the Olympic Games in the country where they were born, Greeks seem more interested in finding out if there will be light at the end of their dismal economic tunnel.

07 August 2012

Turkish economic miracle woos German businesses As Europe battles its never-ending debt crisis, Turkey, with its flourishing economy, is increasingly attracting the attention of German companies, as well as German-born Turks in search of a job.

07 August 2012

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