Putin grants France's Depardieu Russian citizenshipRussian President Vladimir Putin on Thursday granted fast-track citizenship to France's Gerard Depardieu after the movie star complained about the French Socialist government's proposed 75 percent tax on the rich.
04 January 2013
IMF: US 'cliff' actions not enough The International Monetary Fund said Wednesday that US actions to avoid the fiscal cliff did not go far enough to address the country's long-term fiscal deficit and debt problems.
03 January 2013
US fiscal cliff deal boosts world markets World markets soared Wednesday after a tense New Year break, relieved after US lawmakers agreed a last-minute deal to avert massive tax hikes and pull their nation back from the fiscal cliff.
03 January 2013
Obama signs 'fiscal cliff' bill into law President Barack Obama has signed into law a contentious compromise bill hammered out in Congress that narrowly averted the US 'fiscal cliff of tax hikes and drastic, immediate cuts in spending.
03 January 2013
Pentagon welcomes fiscal deal, warns against cuts US Defense Secretary Leon Panetta on Wednesday welcomed a deal to avert automatic budget cuts that would have slashed military spending and caused "damaging" consequences.
Obama says fiscal cliff deal made tax system fairer President Barack Obama said Tuesday he had fulfilled a campaign promise to make the US tax system fairer with a deal to avert the fiscal cliff crisis that passed after a fierce duel in Congress.
02 January 2013
US House to vote imminently on 'fiscal cliff' deal The House of Representatives will vote late Tuesday on a bill already approved by the Senate to avert huge New Year tax hikes and spending cuts known as the "fiscal cliff".
02 January 2013
Britain urges bold G8 action on global economy British Prime Minister David Cameron called on his fellow G8 leaders on Wednesday to start work now on agreeing "bold steps" to help boost global economic growth, ahead of a summit he will host in June.
02 January 2013
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.
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.
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