POLITICAL ECONOMY - SINO DAILY

Jul 31, 2012 (AFP)

Struggling Panasonic said Tuesday it swung back into the black for the April-June quarter as it cut costs to restructure its business while battling the negativ...

HSBC profits slide after scandals

Jul 30, 2012 (AFP)

Europe's biggest bank by assets, HSBC, posted on Monday a drop in half-year profits after taking a $2.0 billion-hit to cover costs from a US money-laundering sc...

China's cabinet calls for innovation, investment

Jul 30, 2012 (AFP)

China's cabinet called Monday for stepped up innovation and an increased role for private investment in state-dominated industries, warning the country's econom...

Japan factory output in unexpected fall for June

Jul 30, 2012 (AFP)

Japan's factory output turned down unexpectedly last month, official data showed Monday, stoking concerns that turmoil overseas is damaging a recovery in the wo...

Walker's World: The euro at bay -- again

Jul 30, 2012 (UPI)

You know a crisis is about to burst open when U.S. Treasury Secretary Timothy Geithner flies in unexpectedly to meet German Finance Minister Wolfgang Schaeuble ...

EU, ratings agencies inch toward war path

Jul 27, 2012 (UPI)

EU officials and the world's top credit-ratings agencies are edging toward a bitter confrontation as the European Union explores ways of curtailing the power th...

Japan's Fujitsu says posts 16% fall in Q1 profit

Jul 27, 2012 (AFP)

Japanese high-tech giant Fujitsu on Friday said its first quarter net loss widened and cut its sales forecast for the fiscal year as it was hit by weaker demand...

Outside View: The 28th Amendment?

Jul 27, 2012 (UPI)

The U.S. government's accumulating debt is unsustainable. This we know. Correcting our current course to restore balance and economic growth will require fundam...

China's economy to rebound in second half: IMF

Jul 25, 2012 (AFP)

China's economy will rebound in the second half of 2012 to expand eight percent annually as government policies to spur growth take effect, the International Mo...

Outside View: The coming economic collapse

Jul 24, 2012 (UPI)

The U.S. economy is teetering on the brink of another recession. The bad news is that if it goes down again, there won't be much we can do to save ourselves. Li...

China manufacturing data picks up in July: HSBC

Jul 24, 2012 (AFP)

China's manufacturing activity contracted at its slowest pace in five months in July, an independent survey showed Tuesday, indicating that Beijing's easing mea...

Walker's World: The Spanish agony

Jul 23, 2012 (UPI)

Europe's rescue of Spain was finely crafted to provide just enough money to keep the troubled banks afloat and able to buy just enough bonds to sustain their go...

Spanish deal fails to ease eurozone fears

Jul 20, 2012 (UPI)

A deepening Spanish debt crisis has raised fears that Spain, not Greece, is most likely to sink the eurozone unless its financial wizards perform a miracle befo...

China vows to keep tight grip on property prices

Jul 20, 2012 (AFP)

China vowed Friday to maintain tight controls over the country's property market after house sales recently picked up despite a slowing economy. China has since...

Fitch downgrades three major Japanese banks

Jul 20, 2012 (AFP)

Fitch said Friday it cut the credit rating of three of Japan's biggest banks over concerns about Tokyo's ability to support the financial sector, after the nati...

Foreign investment in China declines in H1

Jul 17, 2012 (AFP)

Foreign direct investment (FDI) in China fell by three percent in the first half of the year as the global economy slowed, the commerce ministry said Tuesday. O...

Former US Treasury chief plays down anti-China rhetoric

Jul 17, 2012 (AFP)

Former US Treasury secretary Henry Paulson expressed doubt Tuesday that election year criticism of China would hurt ties but said the world's two largest econom...

HSBC exec resigns in wake of investigation

Jul 17, 2012 (UPI)

A top HSBC executive told a U.S. Senate subcommittee Tuesday he will resign in the wake of the committee's investigation highlighting how poor oversight and wea...

Walker's World: Spain meets the Midwest

Jul 16, 2012 (UPI)

It is an open question whether Spain or the American Midwest has delivered the worse news in recent days. The answer depends whether one thinks the political cl...

China's Wen warns of economic hardship ahead

Jul 15, 2012 (AFP)

Chinese Premier Wen Jiabao warned Sunday that his nation's economic rebound was not stable and the world's second largest economy faced hardships ahead, state m...