POLITICAL ECONOMY

News About The Global Economy

1,238 articles

Kerry seeks to reassure Asian leaders over US default
Oct 10, 2013 (AFP)
US Secretary of State John Kerry tried Thursday to reassure Asian leaders that Washington would end its political stalemate, after China voiced concern about a ...
Australia should branch out beyond mining: report
Oct 08, 2013 (UPI)
Australia should consider diversifying its economy beyond the mining sector, suggests a new report. Although mining will still be a major economic driver for Au...
IMF cuts China 2013 growth forecast to 7.6%
Oct 08, 2013 (AFP)
The International Monetary Fund (IMF) cut its 2013 growth forecast for China to 7.6 percent on Tuesday, in the latest acknowledgement of slower expansion in the...
China's economy on a 'smooth', controlled slowdown: Xi
Oct 07, 2013 (AFP)
China's economy is on a smooth and controlled slowdown, President Xi Jinping said on Monday, emphasising there was no reason to fear a hard landing. "The change...
Walker's World: Spain's double-edged recovery
Oct 07, 2013 (UPI)
The Spanish economy, after five terrible years that saw unemployment reach 27 percent, is starting slowly and bumpily to recover. Exports are growing at an annu...
China says 'clock is ticking' on US debt ceiling
Oct 07, 2013 (AFP)
A senior Chinese official voiced concern over a looming deadline for raising the US debt ceiling Monday, saying the "clock is ticking" to avoid a default that c...
UTC, BAE warn government shutdown to affect their workers
Oct 03, 2013 (UPI)
U.S. defense sector companies are warning that the U.S. government shutdown, affecting an estimated 800,000 workers, will soon affect their employees. United Te...
Brazil's Eike Batista faces collapse after repayment default
Oct 03, 2013 (UPI)
Brazilian entrepreneur Eike Batista faces a further blow to his fortunes following default on a multimillion-dollar interest payment on a $3.6 billion loan, a s...
Skyline of tents, towers shows Mongolia inequality
Oct 02, 2013 (AFP)
Sat in a tent on the outskirts of Mongolia's capital, Norihil Gendenpil lives on the physical -- and economic -- margins of a booming city filling up with skysc...
Vast Benidorm skyscraper a symbol of Spain crisis
Oct 01, 2013 (AFP)
Stretching into blue skies far above other towers crowding the Spanish resort of Benidorm, the Intempo skyscraper stands as a hard-to-miss beacon of excess from...
Japan PM to hike sales tax to ease debt burden
Oct 01, 2013 (AFP)
Japanese Prime Minister Shinzo Abe will hike the nation's sales tax, Jiji Press news agency said Tuesday, in a move seen as crucial to chopping a massive nation...
Japan leader set to announce crucial sales tax hike
Sep 30, 2013 (AFP)
Japanese Prime Minister Shinzo Abe was expected Tuesday to announce a sales tax hike seen as crucial to cutting Tokyo's massive national debt, but that could de...
China manufacturing expands in September: HSBC
Sep 30, 2013 (AFP)
China's manufacturing activity expanded for a second straight month in September, HSBC reported on Monday, suggesting a rebound in the world's second-biggest ec...
China house price increases gain speed in September: survey
Sep 30, 2013 (AFP)
Chinese property prices increased at a faster rate in September than the previous month as the effect of price-control policies weakened, a survey said on Monda...
Outside View: Defining the tax debate
Sep 27, 2013 (UPI)
At nearly 74,000 pages, the U.S. Tax Code is a bloated, destructive and unwieldy mess. It demands fear and inspires loathing more than respect. Accidentally vio...
Asia to have most millionaires: survey
Sep 25, 2013 (AFP)
Asia will have the world's largest number of millionaires as early as next year despite the expected tapering of the US Federal Reserve's stimulus programme, ac...
US Fed probing market trades before policy release
Sep 25, 2013 (AFP)
The US Federal Reserve said Wednesday that it is looking into allegations that traders received information about its policy decision last week ahead of the off...
China free trade zone to allow banned websites: report
Sep 24, 2013 (AFP)
China's first free trade zone will allow access to Facebook, Twitter and other websites banned nationwide, in a rare exception to strict Internet controls, a Ho...
Outside View: Easy money is narcotic
Sep 20, 2013 (UPI)
Easy money is a painkiller, not a cure. The U.S. economy has unaddressed woes that neither U.S. President Barack Obama and his liberal friends nor Speaker John ...
Microsoft announces $40b share buyback
Sep 17, 2013 (AFP)
Microsoft announced a new $40 billion share buyback on Tuesday as part of an effort by the transitioning US tech giant to return more cash to stockholders. The ...
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