Special Report:Global Financial Crisis TOKYO, April 27 (Xinhua) -- The Japanese government on Monday downgraded its economic projection from a previously estimated zero growth to a shrinkage of 3.3 percent for fiscal 2009. The government revised downward the economic growth forecast to ...Read More
TOKYO -- Japan's government highlighted the danger of deflation for the first time in three years Friday, warning that falling prices and a further worsening of the labor market could drag on the weak recovery.
Meanwhile, the country's central bank, which ...Read More
WASHINGTON (Reuters) - The United States must combat China's trade-distorting industrial and currency policies with U.S. trade laws and by using the World Trade Organization, a congressional advisory body said on Thursday. China's trade policies that are aimed at piling up ...Read More
FORT COLLINS, Colo. -- Foreclosure proceedings involving The Promenade Shops at Centerra in northern Colorado have begun. According to records filed Monday with the Larimer County Public Trustee's Office, KeyBank National says Centerra Lifestyle Center LLC owes nearly $113 million on an ...Read More
TOKYO (Reuters) - Japan's government could agree as much as $30 billion in new stimulus measures on Monday as economic growth is likely to slow next year due to sluggish personal spending and rising inventories. Economists doubt whether that amount will ...Read More
Nov. 16 (Bloomberg) -- Japan’s economy expanded at thefastest pace in more than two years in the third quarter, ledby a rebound in domestic demand that may ease concern of areturn to recession next year.
Gross domestic product rose at an ...Read More
(Reuters) - U.S. President Barack Obama has promised to raise the issue of the yuan's exchange rate when he visits China from November 15-18, putting the spotlight on a major bone of contention which has the potential to shake currency ...Read More
Nov. 16 (Bloomberg) -- Japanese bonds may fall for thefirst time in a week after a government report showed theworld’s second-largest economy grew at a faster pace thaneconomists forecast. Demand for debt is set to wane as the Cabinet Office saidgross ...Read More
SINGAPORE (Reuters) - U.S. President Barack Obama called on Saturday for a new strategy to rebalance global growth, but leaders around the Pacific rim, gathering for a weekend summit, took aim at signs of U.S. trade protectionism.
Obama, who arrived in ...Read More
Leaders of 21 Pacific Rim economies opened meetings in Singapore Saturday to discuss recovery from the global financial crisis and promotion of free trade.
Asia Pacific Economic Cooperation forum leaders have stressed that the global recovery is still fragile, and more ...Read More
Leaders of Pacific Rim economies are gathering in Singapore to discuss recovering from the global financial crisis and promoting free trade.
Leaders of the 21-member Asia Pacific Economic Cooperation have stressed that the global recovery is still fragile, and more coordinated ...Read More
SINGAPORE, Nov 13 (Reuters) - China's Minister of Commerceon Friday called for developed members of the Asia PacificEconomic Cooperation to live up to their pledges of enactingfree trade by 2010. The global financial crisis should not derail tradeliberalisation, Chen Deming said ...Read More
* Q3 GDP growth of 0.7 pct q/q just short of expectations * Q2 GDP revised up to +0.4 pct q/q from +0.3 pct previously * Exports, investment lift GDP; private consumption a drag (Adds details, economist quote, background) BERLIN, Nov 13 (Reuters) - ...Read More
HONG KONG, Nov 13 (Reuters) - Hong Kong plans to raisedeposit protection coverage at the city's banks to $500,000($64,520) from HK$100,000 in 2011 after the expiry of a temporary100 percent deposit guarantee scheme, which was introduced duringthe global financial crisis. The ...Read More
Shanny Basar, of Financial News, reports: On Dec. 5, you can drink a wee dram of scotch to celebrate the 76th anniversary of the repeal of Prohibition. But how exactly do you celebrate the 10th anniversary of the repeal of the ...Read More
A recent investment study by FIRJAN of Brazil's Rio de Janeiro found that the area is about to experience a massive influx business investment, one that could rival any other place in the world in terms of dollars per square ...Read More
Russian President Dmitry Medvedev has used his annual state of the nation address to call on the country to modernise more quickly.
In a comment reminiscent of US President Barack Obama's presidential campaign, Mr Medvedev stressed the need for change.
He told ...Read More
Addressing tens of thousands of supporters from his Fatah party on the fifth anniversary of his predecessor Yasser Arafat's death, Mr Abbas insisted there could be no talks with Israel until it agreed to a total freeze of Jewish settlement ...Read More
Nov. 11 (Bloomberg) -- Orders for Japanese machinery rosemore than twice the pace economists estimated in September,signaling that a recovery in the world’s second-largest economymay be sustained.
Orders, an indicator of business investment in three tosix months, climbed 10.5 percent from ...Read More
NEW YORK (Reuters) - Two former Bear Stearns Cos hedge fund managers were acquitted on Tuesday of fraud charges in the first criminal trial of prominent Wall Street executives stemming from subprime mortgage securities that fueled a market meltdown.
A jury ...Read More
MANNHEIM, Germany, Nov 10 (Reuters) - German investor confidence worsened more than expected in November, as uncertainty over private consumption put a ceiling on improvements in the outlook. The Mannheim-based ZEW economic think tank's monthly gauge of economic sentiment dropped to ...Read More
