News about economy

'Wartime' debt threat to global economy: Lagarde Public debt in developed countries standing at "wartime levels" is the biggest threat to the global economy, IMF chief Christine Lagarde warned in Tokyo on Friday.
12 October 2012
Spain, France vow action on eurozone crisis The leaders of France and Spain vowed concerted action on the eurozone as they met on Wednesday amid IMF calls for new measures to control the debt crisis threatening the global economy.
12 October 2012
Kazakhstan government forecasts 7% economic growth in 2013-2017 Despite of the escalating crisis in Europe and staggering economic growth in the EU and the U.S., Kazakhstan is maintaining a progressive economic development: Akhmetov.
11 October 2012
IMF: US 'fiscal cliff' would set back world economy The International Monetary Fund warned US leaders that hitting the looming "fiscal cliff" would not only crush the American economy but spin havoc through the rest of the world.
11 October 2012
China tipped to be 2nd biggest luxury market by 2017 China is set to become the world's second biggest market for luxury goods after the United States in five years, overtaking France, Britain, Italy and Japan.
10 October 2012
Kazakhstan's budget expenses reached 7 trillion tenge Kazakhstan 2013-2015 budget was formed based on the forecasted economic situation in the country and in the world: Prime-Minister.
10 October 2012
Merkel's Athens visit chance to ease tension German Chancellor Angela Merkel's visit Tuesday to debt-strapped Greece may provide a chance to ease tensions born of the economic crisis.
10 October 2012
IMF cuts global forecast, says risks rising The IMF slashed its global growth forecast and warned things could get much worse if the eurozone crisis is not quelled and Washington fails to reverse the looming "fiscal cliff" austerity plan.
10 October 2012
World Bank slashes East Asia-Pacific growth forecast The World Bank on Monday slashed its 2012 growth forecast for developing countries in East Asia and the Pacific to 7.2 percent, down from 8.3 percent in 2011, due to the fragile global economy.
09 October 2012
41 waste-processing plants to be constructed in Kazakhstan Kazakhstan Environmental Protection Minister talked about development of the green economy in Kazakhstan.
08 October 2012
Good jobs number electrifies Obama campaign A relieved Barack Obama basked Saturday in shock good news as unemployment dipped below eight percent to the lowest point of his presidency, stealing headlines from Mitt Romney's thumping debate win.
06 October 2012
French stats institute warns of period of no growth The French economy appears to be settling into a period of no growth according to the INSEE national statistics institute, which halved late Thursday its 2012 growth forecast to 0.2 percent.
05 October 2012
Activists building ship in Gaza to defy Israel A ship built in Gaza will sail next year carrying Palestinian exports to international customers, and to challenge Israel's blockade from the inside out.
05 October 2012
Xstrata, Glencore announce new deal for massive tie-up Swiss mining group Xstrata and commodities giant Glencore said on Monday they had agreed on new terms for their tie-up to create a massive company worth about 70 billion euros ($90 billion).
02 October 2012
China manufacturing in second month of contraction China's manufacturing activity contracted for a second straight month in September, according to official data released Monday, falling short of expectations for expansion.
01 October 2012
Slovak PM says eurozone will not survive in current form The eurozone is unlikely to survive in its current form and one or more countries will probably have to leave the 17-nation single currency bloc, Slovakia's Prime Minister Robert Fico said Sunday.
01 October 2012
World must work out how to grey gracefully: UN Governments around the world must work out how to cope with ageing, a UN report said Monday, warning developing economies with lots of young workers may one day find their populations a drag.
01 October 2012
Greek PM stresses urgency of austerity deal Greek Prime Minister Antonis Samaras stressed the urgency of sealing an austerity pact ahead of crucial talks Monday between Greek officials and the so-called troika of international creditors.
01 October 2012
Spain tightens austerity screw in 2013 budget Spain's government unveiled Thursday a 2013 budget that tightens austerity even in the teeth of growing protests, easing the path to a widely expected sovereign bailout.
28 September 2012
New protest as bailout spectre returns to haunt Spain Thousands of protestors rallied near the Spanish parliament for a second straight night Wednesday after a rough day on the markets again raised the spectre of a full bailout and deeper economic pain.
28 September 2012
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