more stories

Slower growth 

Business | Economy
2011-12-24

FRANCE'S statistics agency yesterday said the economy grew less than previously estimated in the third quarter of this year, as a new recession looms for Europe's No. 2 economy. The Insee agency said gross domestic...

---

US consumers spend weakly 

Business | Economy
2011-12-24

AMERICAN consumers spent at a lackluster rate in November as their incomes barely grew, suggesting that United States households may struggle to sustain their spending into 2012. Consumer spending rose just 0.1...

---

CIC may get extra US$50b to buy European and US assets 

Business | Economy
2011-12-24

CHINA Investment Corp, the country's US$410 billion sovereign wealth fund is set to receive additional funding of up to US$50 billion, two sources said yesterday, a step that could help it move quickly to buy overseas...

---

Wealth gap wider as richest families get even richer 

Business | Economy
2011-12-23

CHINA'S wealthy community is expected to show a marked increase this year, widening the gap between the rich and the poor, according to the latest financial study. The total amount of personal investable assets...

---

US Economy Grows Slowly On Less Spending 

Business | Economy
2011-12-23

THE United States economy grew more slowly in the summer than previously thought because consumers spent less than the government had first estimated. But economists see firmer growth in the current quarter. The...

---

Britain's Upward Revision 

Business | Economy
2011-12-23

BRITAIN'S economy grew by a slightly better than anticipated 0.6 percent in the third quarter, after unexpectedly stalling in the previous three-month period, official data showed yesterday. The 0.1 percent upward...

---

Rugby World Cup lifts NZ economy 

Business | Economy
2011-12-23

THE Rugby World Cup propelled New Zealand's economy to faster-than-expected growth of 0.8 percent in the three months ended September, its strongest quarterly performance in nearly two years. Statistics New Zealand...

---

ECB lends US$639b to banks 

Business | Economy
2011-12-23

STRUGGLING banks have snapped up 489 billion euros (US$639 billion) in cheap loans from the European Central Bank on Wednesday, a sign of just how hard or expensive it has become to borrow from each other. The...

---

PBOC stresses stable growth 

Business | Economy
2011-12-22

CHINA will continue with its prudent monetary policy in 2012 and sustain a reasonable increase in total social financing to power "stable and healthy" economic growth, Zhou Xiaochuan, governor of the People's Bank...

---

Combined SOE profits up 9.2% 

Business | Economy
2011-12-22

CHINA'S state-owned enterprises posted combined profits of 2.04 trillion yuan (US$322 billion) in the first 11 months of this year, up 9.2 percent from a year earlier, the Ministry of Finance said yesterday. Though...

---

BOJ cuts economic assessment, warns of euro woes danger 

Business | Economy
2011-12-22

JAPAN'S central bank offered a bleaker view of the economy and the government warned of worsening business sentiment as exports slumped, adding to evidence of the pain Europe's debt crisis is inflicting on global...

---

HK's inflation gains by a slower 5.7% 

Business | Economy
2011-12-21

HONG Kong's inflation slowed in November on reduced gains in pork prices and the city's moderating economic growth. Consumer prices rose 5.7 percent from a year earlier, the government said on its website yesterday....

---

Oil pipeline leak may take months to fix 

Business | Economy
2011-12-21

CNOOC Ltd, China's dominant offshore energy producer, has reported another leak in a subsea gas pipeline that forced it to close production at two fields in the South China Sea. The leakage was found in the pipeline...

---

Japan may buy China bonds 

Business | Economy
2011-12-21

JAPAN is discussing with China for possible purchases of Chinese government bonds, Finance Minister Jun Azumi said, a sign the nation is diversifying foreign-exchange holdings by tapping into the world's second-largest...

---

Germany weathering the storm 

Business | Economy
2011-12-21

GERMAN business and consumer confidence is ending 2011 on a high note despite fears about the European economy, two surveys showed yesterday. The Ifo Institute's monthly index measuring business confidence increased...