Economy

Chaos in Yemen drives economy to edge of ruin

ROBERT F. WORTH and LAURA KASINOF The New York Times 03.06.2011
Residents of Sana, Yemen, waited at a gas station for fuel last week.  Shortages of gas and other basic goods and services have heightened tensions in the city and set off fights and protests.

Even as Yemen’s political crisis deepens, the country is on the brink of an economic collapse so dire it could take years to recover, and hobble efforts to rebuild its fragmented society.

Dispute Grows as Egyptian Gas Is Still Not Flowing to Israel

ETHAN BRONNER The New York Times 02.06.2011
Dispute Grows as Egyptian Gas Is Still Not Flowing to Israel

More than a month after saboteurs blew up an Egyptian pipeline supplying natural gas to Israel, the line is repaired but gas is not flowing and foreign shareholders of the company suspect politics to be the reason. They are threatening legal actio...


Chavez says capitalism may have ended life on Mars

Eyanir Chinea Yahoo! Finance 24.03.2011
Chavez says capitalism may have ended life on Mars

Capitalism may be to blame for the lack of life on the planet Mars, Venezuela's socialist President Hugo Chavez said on Tuesday.

China's holdings of US debt larger than reported

China's holdings of US bonds reached $1.16 trillion at the end of December, almost $270 billion more than previously estimated, new data showed Monday.


US Will Be the World's Third Largest Economy: Citi

The world is going to become richer and richer as developing economies play catch up over the coming years, according to Willem Buiter, chief economist at Citigroup.

Japan's GDP Contracts, Surpassed by China in 2010

Keiko Ujikane Bloomberg.com 13.02.2011
Japan's GDP Contracts, Surpassed by China in 2010

Japan’s gross domestic product fell less than estimated in the fourth quarter in a pullback that may prove temporary as overseas demand revives production after the nation fell behind China as the world’s second-largest economy.


IMF, warning of war, says ready to help Egypt

The International Monetary Fund stands ready to help riot-torn Egypt rebuild its economy, the IMF chief said Tuesday as he warned governments to tackle unemployment and income inequality or risk war.

Davos elites see global economic shift East, South

Power in the global economy is shifting from the advanced world to Asia as recovery takes hold, Davos analysts said Wednesday, as political and business elites began their annual meeting.


Hong Kong surpasses S'pore as world's most globalised economy

HONG Kong has topped the 60 largest economies in the world in terms of globalization, according to a survey released Monday by Ernst & Young and the Economist Intelligence Unit.

World needs $100 trillion more credit, says World Economic Forum

The world's expected economic growth will have to be supported by an extra $100 trillion (£63 trillion) in credit over the next decade, according to the World Economic Forum.


Why Chinese-controlled Hong Kong beats the United States on economic freedom

Earlier this week the Heritage Foundation, along with the Wall Street Journal, released its 17th annual economic freedom index. Hong Kong, once again, ranked number one. The United States, however, slid down to number nine. So what’s Hong Kong doi...

Hong Kong ranks world's freest economy for 17th year

Hong Kong was rated the world's freest economy for a 17th straight year in a ranking by the U.S.-based Heritage Foundation, above rivals Singapore and Australia for the title.


Economists foretell of U.S. decline, China's ascension

To hear a number of prominent economists tell it, it doesn't look good for the U.S. economy, not this year, not in 10 years. Leading thinkers in the dismal science speaking at an annual convention offered varying visions of U.S. economic decline, ...

China backs Spain to emerge from crisis: Beijing

The Sydney Morning Herald 03.01.2011
China backs Spain to emerge from crisis: Beijing

China is confident Spain will recover from its economic crisis and Beijing will buy Spanish public debt despite market fears of an Irish-style bailout, a top Chinese official said Monday.


Canadians With More Debt Than U.S. Spark Policy Makers' Warning

Theophilos Argitis and Greg Quinn Bloomberg.com 15.12.2010
Canadians With More Debt Than U.S. Spark Policy Makers' Warning

Canada’s top economic officials yesterday urged households to be wary of taking on too much debt after data showed the indebtedness of Canadians surpassed U.S. levels for the first time in 12 years.

Americans Believe China Has Surpassed USA in Economic Strength

In the global race for jobs and economic prosperity, the United States is No. 2. And it is likely to remain there for some time. That’s the glum conclusion of most Americans surveyed in the latest Allstate/National Journal Heartland Monitor poll. ...


Irish unveil harshest cuts, tax hikes in history

SHAWN POGATCHNIK Yahoo! News 25.11.2010
Irish unveil harshest cuts, tax hikes in history

Ireland unveiled the harshest budget measures in its history Wednesday, a four-year plan to slash deficits euro15 billion ($20 billion) so it can get a massive bailout from the European Union and the International Monetary Fund.

Ireland 'in preliminary talks with EU on bailout'

The Republic of Ireland is in preliminary talks with EU officials for financial support, the BBC has learned.


Irish Borrowing Costs Hit Record High

Irish borrowing costs shot up to new lifetime highs on Thursday and European Commission President Jose Manuel Barroso signalled the bloc was ready to act should the humbled former "Celtic Tiger" require a rescue.

Greece Likely to Default Within Three Years, El-Erian Says

Susanne Walker Bloomberg.com 26.10.2010
Greece Likely to Default Within Three Years, El-Erian Says

Greece is likely to default within three years because budget-cutting measures won’t be enough to reduce the nation’s sovereign debt burden, Pacific Investment Management Co. Chief Executive Officer Mohamed A. El-Erian said.



« newer | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | older »