US nears deal to cut Egypt debt by $1 bn: report
The United States is weighing a deal with Egypt's new rulers to relieve $1 billion worth of debt, The New York Times reported Monday.
Nazarbayev instructed to set barrier to shadow economy
An important task is to create legislative barriers for the shadow economy and attempts to take budget funds into the shade: Nazarbayev.
Judgement day looms for euro
When the history books come to be written about the euro, September 12, 2012 could well prove one of the most significant dates in the life of the embattled single currency.
Winds of crisis blow through Venice film festival
For all the glamorous seaside partying at the Venice film festival, there is a distinct air of austerity at this year's edition for an industry that is questioning its economic future.
Bernanke signals desire for more Fed stimulus
US Federal Reserve Chairman Ben Bernanke expressed deep worry over the US economy Friday and argued for fresh action to stimulate growth from the central bank.
Standard & Poor's cuts Catalonia debt rating to junk status
Standard & Poor's slashed Catalonia's debt to junk-bond status Friday, warning of looming financial tensions with Spain's central government.
Moody's holds Spain rating pending eurozone moves
Moody's said Thursday that it would hold its review of Spain's credit rating until late September as it waits for more clarity on the European Stability Mechanism and moves for a eurozone banking union.
Angola votes in second peacetime polls
Angola votes Friday for only the second time since its civil war ended a decade ago, with the incumbent ruling party expected to sweep the polls.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
