POLITICAL ECONOMY

News About The Global Economy

1,238 articles

China manufacturing index at six-month low: HSBC
Jan 30, 2014 (AFP)
Chinese manufacturing contracted for the first time in six months in January, HSBC confirmed Thursday, raising questions over growth prospects for the world's s...
Billionaire bashed for putting rich-haters on par with Nazis
Jan 28, 2014 (AFP)
Billionaire Silicon Valley venture capitalist Tom Perkins was at the center of a social media firestorm on Monday for comparing protests against the rich to Naz...
Default on $500 mn Chinese investment scheme 'averted'
Jan 28, 2014 (AFP)
A looming default on a $500 million Chinese investment product sold by China's largest bank ICBC to hundreds of investors appears to have been averted days ahea...
Major default looms in China's huge 'shadow banking' system
Jan 26, 2014 (AFP)
A shockwave is looming in China's multi-trillion dollar "shadow banking" system, with an unprecedented default only days away on a $500 million investment produ...
Fear of China 'hard landing' stalks Davos
Jan 24, 2014 (AFP)
The risk of a hard landing for the economy in China as well as the threat of military conflict with Japan stoked fears at the World Economic Forum in Davos on F...
Microsoft tops expectations with record revenue
Jan 23, 2014 (AFP)
Microsoft soared to record revenues in the last quarter the company said Thursday, confounding Wall Street forecasts on the back of strong demand for Xbox conso...
China's bullying economic diplomacy may backfire: experts
Jan 22, 2014 (AFP)
Mountains of Norwegian salmon left rotting at port. A beachfront resort in Palau abandoned before completion. A sluggish response to a devastating Philippine ty...
Li Ka-shing's HK Electric Investments in $3 billion IPO
Jan 22, 2014 (AFP)
Li Ka-shing, Asia's richest man, raised more than $3 billion for the Hong Kong listing of his electricity assets on Wednesday in the city's biggest IPO of the y...
Angry S. Koreans flood banks after data leak
Jan 21, 2014 (AFP)
Tens of thousands of South Koreans flooded banks and call centres Tuesday to cancel credit cards following the unprecedented theft of the personal data of at le...
China central bank adds cash ahead of holiday
Jan 21, 2014 (AFP)
China's central bank said Tuesday it injected cash into the country's financial system, in a move seen as heading off a potential liquidity crunch ahead of the ...
China's 2013 growth matches slowest rate since 1999
Jan 20, 2014 (AFP)
China's economy last year registered flat growth of 7.7 percent, maintaining its slowest expansion in more than a decade as the government warned Monday of "dee...
China's 2013 growth matches its slowest rate since 1999
Jan 20, 2014 (AFP)
China's economy last year registered flat growth of 7.7 percent, maintaining its slowest expansion in more than a decade as the government warned Monday of "dee...
China 2013 growth flat at 7.7%: AFP survey
Jan 17, 2014 (AFP)
China's economy failed to pick up speed last year despite a promising mid-year rebound, an AFP survey shows, staying mired at its slowest growth rate in more th...
Foreign direct investment in China rebounds 5.3% in 2013
Jan 16, 2014 (AFP)
Overseas investment into China rebounded last year after declining in 2012, official data showed Thursday, as confidence in the country's growth potential picks...
H.K. economy world's freest for 20th consecutive year
Jan 14, 2014 (AFP)
Hong Kong on Tuesday retained the title of the world's freest economy for the twentieth year in a row, with rival Singapore closing the gap between the two citi...
More than 182,000 officials punished in China graft crackdown
Jan 10, 2014 (AFP)
China's ruling Communist Party punished more than 182,000 officials last year in its high-profile anti-corruption campaign, authorities said Friday. Anti-graft ...
China inflation rate 2.6% in 2013
Jan 09, 2014 (AFP)
China's inflation rate was 2.6 percent in 2013, official data showed Thursday -- well below the 3.5 percent target set by the government in the world's second-b...
China to allow fully private banks this year
Jan 07, 2014 (AFP)
China will allow three to five fully private banks to be set up this year as part of efforts to further open up the sector, the banking regulator said. At a wor...
Singapore's OCBC bank in talks to buy Hong Kong lender
Jan 06, 2014 (AFP)
Singapore's Oversea-Chinese Banking Corp (OCBC) said Monday it was in exclusive talks to acquire Hong Kong's Wing Hang Bank, in a move that could give it greate...
China foreign exchange regulator urges 'Tobin Tax' study
Jan 04, 2014 (AFP)
A top Chinese financial regulator has suggested the country could introduce a tax on foreign exchange transactions among other steps to guard against speculativ...
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