Recovery Under Way, but Clouded by Debt Crisis: World Bank
The global economy is recovering from recession but Europe's debt problems have created new hurdles on the road to sustainable medium-term growth.
EU Minister Plays Down Hungary Debt Problem
"I do not see any problem at all with Hungary. I only see the problem that leading politicians from Hungary talk too much."
China GDP to Grow over 11Pct in 2010: OECD
China's economy is predicted to grow by 11 percent this year, and the growth in 2011 may slip back to 10 percent with the tightening of fiscal policies.
Infrastructure Investment Would Sustain Growth, Says Economist
Effective investment in infrastructure, boosted by governments' fiscal policies would play a significant role in sustaining growth amid the debt crisis.
Fiscal Stimulus No Longer Recipe for Recovery: G20
The expansionary fiscal policy was no longer sustainable or effective in fostering recovery considering the investors' lack of confidence about some countries' public finances.
Bernanke Calls for More Lending to Small Firms to Spur Jobs, Economy
"Outstanding loans to small businesses dropped from almost $ 700 billion in the second quarter of 2008 to approximately $660 billion in the first quarter of 2010."
French Senate Approves EU Safety Net Package
France's Senate has approved and effectively finalized the country's contribution to a 750 -billion-euro rescue package to stabilize the euro.
Greece Outlines Privatization Plans to Help Pay Down Deficit
The Greek government outlined plans to sell some state-owned companies to raise 3 billion euros in the next three years.
ECB's Noyer Slams Credit Ratings
European central bank policy maker Christian Noyer slashed credit rating firms on Tuesday over their role in European debt crisis.
Europe Faces an Era of Government Spending Cuts
Following in the footsteps of Greece, Spain, Germany, France, Italy, the UK and Demark have all announced plans to significantly reduce their public deficits.
Britain Outlines Spending Cut Plans
Chancellor George Osborne outlined plans on Monday to cut 6.2 billion pounds from government spending to help reduce the budget deficit.
IMF Calls for Radical Reform in Spain
IMF issued a blunt warning to Spain, saying the country needs a radical reform of its ailing economy.
China, S Korea, Japan Trade Ministers See Investment Pact in 2010
China trade minister said the three nations are conducting a joint research by governments, businesses and academic circles, and investment negotiations are also moving forward.
Dubai World Reaches 23.5Bln Debt Deal with Creditors
Dubai World said it had agreed in principle with its main creditors on terms to extend the $14.4 bln debt in tranches of $4.4bln over five years and $10bln over eight years.
World Bank to Grant Lebanon 500 Million Dollars for Economic Reforms
The World Bank unveiled on Wednesday a 500 million U.S. dollars aid package to help economic reforms in Lebanon.
CASS: China's CPI Growth Projected at 3Pct
China's consumer prices would gain a growth of around 3 percent, along with strong economic recovery.
Eurozone External Trade Surplus Soars in March
The 16-nation eurozone's trade surplus in March soared to 4.5 billion euros while the total EU trade balance for March showed a deficit of 7.1 billion euros.
German Regulator Issues Naked Short-Selling Ban
The ban is to run through March 31; The euro fell sharply against the U.S. dollar
China Ups US Debt Holdings for First Time in Six Months
China in March raised its long-term Treasury holdings to 895.2 billion dollars, up 17.7 billion dollars from February.
Speculation Not Main Reason for Hiking Vegetable Prices, Says China Ministry
China's official said speculation is not the main reason for the price hike of agricultural products.
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