Oil slips on lingering European woes, eased Iran concerns
Crude prices Thursday retreated from the high boosted by joint intervention of six major western central banks, as European woes lingered and concerns over Iran nuclear program eased.
View ArticleU.S. stocks post best weekly gains in over 2 years
U.S. stocks finished Friday barely changed even as monthly jobs data came in stronger than expected, but major indexes still achieved their best week in more than two years.
View ArticleChina cannot rescue Europe with foreign reserves
China cannot use its 3.2 trillion U.S. dollars in foreign exchange reserves to rescue other countries, a senior diplomat said on Friday.
View ArticleChina-U.S. trade up 17% in first ten months: commerce minister
Commerce Minister Chen Deming said Friday that China-U.S. trade rose 17 percent year-on-year to reach 363 billion U.S. dollars in the first ten months of the year.
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U.S. unemployment rate drops, but job market still tough
The widely watched U.S. labor market got good news Friday as unemployment rate improved significantly in November, but the challenge for sustainable job growth remains.
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"Time to step on the gas" to bolster U.S. economy: Obama
The U.S. should step up efforts to revive its economy even after the private sector has been creating jobs over the past 21 months in a row, Obama said Saturday.
View ArticleChina's paper sector eyes 18% reduction in energy use by 2015
China's major paper producers aim to lower the energy and resources consumed to turn out a tonne of paper by 18 percent at the end of 2015 from the level in 2010.
View ArticleFailing EU summit to exacerbate debt crisis: Rehn
European Union (EU) Commissioner for Economic and Financial Affairs Olli Rehn said here on Sunday that failure to reach decisions at the bloc's upcoming summit aimed at securing euro's stability would...
View ArticleRRR cut: China's monetary fine tuning
Analysts said the move, implying a fine tuning of macro policy, will contribute to keeping the stable and relatively fast economic growth in the current complex situation, however it does not mean the...
View ArticleChinese company wins energy award
Chinese company Suntech won a Gigaton Award on Sunday for outstanding business leadership in carbon emissions reduction.
View ArticleSlow motion becomes the fashion as China aims to gear down from fast track
After thirty years of breathtaking, non-stop fast track development that has catapulted China to number two in the world's economic league table, it is now some drowsy hamlets, once obscured by the...
View ArticleDagong maintains China's sovereign credit rating
Dagong Global Credit Rating Co., Ltd., China's domestic rating agency, decided on Monday to maintain the local and foreign currency sovereign credit rating of China at AA+ and AAA with a stable outlook.
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Italian cabinet approves emergency reform plan
Italian government on Sunday passed emergency reform measures for boosting economic growth and saving the eurozone from split.
View ArticleNew Zealand Treasury cuts growth forecast for next fiscal year
The outlook had weakened to the extent that the Treasury now expected New Zealand's economic growth in the year ending March 2013 to be closer to 3 percent than the 3.4 percent forecast in the PREFU.
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S&P puts 15 euro zone nations on negative watch
Standard and Poor's put 15 eurozone nations on "CreditWatch negative" on Monday due to deepening economic and political turmoil in the region.
View ArticleS Korea's economic growth revised up to 0.8% in Q3
South Korea's economic growth was revised up to 0.8% in Q3 due to brisk exports and rising government expenditures, the central bank said Tuesday.
View ArticleOECD report shows members facing greater inequality challenges
A report released on Monday by the Organization for Economic Co-operation and Development showed that its member countries are facing greater inequality risks.
View ArticleU.S. stocks end higher on European optimism
U.S. stocks extended gains on Monday as investors cheered the Franco-German plan to rewrite the EU constitution for more central control of euro zone budgets. The Dow Jones industrial average surged as...
View ArticleFrance, Germany take notes to S&P's perspective review
France and Germany has taken note of the perspective of a review by Standard and Poor's Ratings Services of the credit rating of several euro area member states, according to a brief statement Monday.
View ArticleIMF approves 2.2-bln-euro rescue fund for Greece
The IMF on Monday approved the release of a long-delayed tranche of rescue fund for Greece under the joint IMF-EU bailout program following headway made in Greek fiscal reforms.
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