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Talks stall as fiscal cliff looms Two days of last-gasp talks produced no deal Sunday between US political leaders struggling to averting a fiscal calamity due to hit the American and world economy within hours.

31 December 2012

Merkel steels Germans for 'more difficult' 2013 Chancellor Angela Merkel warned Germans that the economy, Europe's biggest, would experience a harder time next year than in 2012 and cautioned too that the eurozone debt crisis was far from over.

31 December 2012

Obama 'modestly optimistic' for fiscal deal President Barack Obama said Friday he was "modestly optimistic" a last-minute deal was possible with Republicans to avert a "fiscal cliff" crisis that could spark a recession and rock global markets.

30 December 2012

New Japanese finance chief hits out at BoJ: reports Japan's new finance chief hit out at the country's under-pressure central bank, reports said Thursday, saying it was "slow" in tackling deflation that has plagued the economy for years.

28 December 2012

S. Korea cuts growth outlook for 2012, 2013 The South Korean government on Thursday slashed the nation's growth outlook for 2012 and 2013, citing the eurozone debt crisis and US fiscal woes that continue to dampen global demand.

28 December 2012

One third Kazakhstan companies spend up to 500 thousand tenge on New Year staff parties According to 31 percent of the polled representatives of Kazakhstan companies, their New Year staff party costs from 300 to 500 thousand tenge.

28 December 2012

A chapter in BTA Bank's restructuring to close today, December 28 The issue of BTA Bank’s restructuring will be closed in Almaty financial court on December 28.

28 December 2012

Obama breaks off vacation to deal with fiscal cliff President Barack Obama was to cut his holiday short and head back to Washington on Wednesday to try to address the "fiscal cliff," a set of tax hikes and spending cuts to take effect next year.

27 December 2012

China and emerging powers to pay more for UN China, Brazil, India and other emerging powers agreed to major increases in their United Nations payments as the global body hammered out a new budget deal this week to avoid its own fiscal cliff.

26 December 2012

US stocks lower on 'fiscal cliff' pessimism US stocks slid during a shortened Christmas Eve session Monday amid pessimism about prospects for a "fiscal cliff" deal by the end of the year.

25 December 2012

Vietnam seeks economic boost with fresh rate cuts Vietnam on Monday cut its key interest rates for the sixth time in 2012 in an attempt to boost an economy growing at the weakest pace in more than a decade.

25 December 2012

Belize PM says debt deal reached with creditors Belize has reached a deal in principle with creditors to restructure about half of its unpaid debt after "long and arduous" talks, allowing the country to avoid default.

24 December 2012

Republicans scrap 'Plan B,' fiscal cliff deal elusive A controversial Republican plan to let tax breaks expire on millionaires crashed to defeat Thursday when it failed to earn enough party support, leaving negotiations on averting the "fiscal cliff" up in the air.

22 December 2012

Cyprus bailout talks won't wrap up this year: IMF Talks on a bailout for Cyprus are not expected to wrap up this year, the International Monetary Fund said Thursday.

21 December 2012

Mitsubishi expands oil leak recall to 1.7 mn vehicles Mitsubishi Motors on Wednesday widened a recall over an oil leak issue on vehicles sold in Japan to about 1.7 million vehicles, prompting a rebuke from the country's transport ministry.

21 December 2012

Christmas debt boons for Greece but risks remain Greece opened its Christmas stockings early this year with an unexpected debt rating boon and European Central Bank support but analysts warn that risks remain in the troubled nation's fragile fiscal recovery.

20 December 2012

Obama, Boehner spar on fiscal cliff, deal may go to wire US President Barack Obama and House Speaker John Boehner dueled over the fiscal cliff Wednesday, and despite narrowing differences remained stubbornly at odds over how to avoid looming tax hikes and spending cuts.

20 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

Dollar falls as fiscal cliff worries grow The dollar dropped to its lowest level against the euro in three months Friday, the euro going above $1.31 as politicians in Washington appeared no closer to averting the economy-crunching fiscal cliff.

16 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

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