POLITICAL ECONOMY

News About The Global Economy

1,238 articles

Mafia asset confiscation measure advances in European Parliament
May 09, 2013 (UPI)
A key European Parliament committee this week signed off on legislation calling for confiscation of organized crime assets and their distribution to local commu...
China inflation accelerates in April: govt
May 09, 2013 (AFP)
Inflation in China accelerated to 2.4 percent year-on-year in April, official data showed Thursday, above market expectations, but analysts said counter-measure...
California sues JPMorgan over debt-collection fraud
May 09, 2013 (AFP)
The US state of California filed suit Thursday against JPMorgan Chase, accusing the Wall Street bank of illegally abusing credit-card customers and misusing the...
Argentina offers tax amnesty to head off devaluation
May 08, 2013 (UPI)
Argentina's latest effort to tease out billions of U.S. dollars said to be held by citizens through sweeping tax breaks and interest earnings received lukewarm ...
India's startups lacking guardian 'angels'
May 08, 2013 (AFP)
It is seen as a land of entrepreneurs, economic growth and huge business potential, but India appears to be failing its promising startup companies which are st...
Outside View: Europe's depression
May 07, 2013 (UPI)
The whole of Europe is headed for a permanent recession -- a depression. Austerity and labor reforms can't save it. Radical measures -- abandoning the euro and ...
HSBC says Q1 net profit more than doubles to $6.35 bn
May 07, 2013 (AFP)
Asia-focused bank HSBC announced on Tuesday that net profits more than doubled to $6.35 billion (4.86 billion euros) in the first quarter, aided by tumbling bad...
Walker's World: Paris vs. Berlin, again
May 06, 2013 (UPI)
Under the strain of the euro crisis, trans-national politics in Europe are becoming unpleasantly personal, particularly between Paris and Berlin, which is putti...
Outside View: Jobs growth rebounds in April but more trouble ahead
May 03, 2013 (UPI)
The U.S. Labor Department announced the U.S. economy created 165,000 jobs in April, and the unemployment rate slipped a notch to 7.5 percent. That's better than...
ADB flags danger of Asia 'asset bubbles'
May 03, 2013 (AFP)
Emerging Asia needs to be on guard against "asset bubbles" as central banks globally loosen monetary policy, the Asia Development Bank's managing director warne...
Outside View: Why unemployment remains a nagging problem
May 02, 2013 (UPI)
The U.S. Labor Department is expected to report Friday the U.S. economy added 153,000 jobs in April -- up from 88,000 in March -- and unemployment is expected s...
China home prices rise in April: survey
May 02, 2013 (AFP)
Chinese home prices picked up in April in their fifth consecutive monthly rise, an independent survey showed on Thursday. The cost of a new home in 100 major ci...
China manufacturing slows in April
May 01, 2013 (AFP)
Manufacturing activity in China slowed slightly in April from the previous month, official data showed on Wednesday, in a sign of further weakness in the world'...
Outside View: U.S. at risk of double-dip recession
Apr 29, 2013 (UPI)
The U.S. Commerce Department reported that consumer spending advanced 0.2 percent in March -- much weaker than the 0.3 percent and 0.7 percent registered in Jan...
Walker's World: Merkel almost alone
Apr 29, 2013 (UPI)
A consensus is gathering pace in Europe against the controversial and painful austerity policies that are being driven by German Chancellor Angela Merkel. Even ...
Outside View: U.S. GDP comes in at 2.5 percent
Apr 26, 2013 (UPI)
The U.S. Commerce Department reported gross domestic product grew at a 2.5 percent pace in the first quarter but don't break out the champagne. Several one-time...
China cancels top finance meet amid tensions
Apr 26, 2013 (AFP)
China has cancelled a top annual finance meeting with Japan and South Korea, officials in Tokyo and Beijing said on Friday, amid simmering diplomatic tensions. ...
NEC swings to annual net profit
Apr 26, 2013 (AFP)
Japan's NEC cast off two straight years of losses Friday, reporting it had returned to the black after a painful restructuring including layoffs and a business ...
US banking sector too vulnerable to hackers: report
Apr 26, 2013 (AFP)
US authorities charged with overseeing the financial sector are worried about its vulnerability to cyberattacks, they said in a report published Thursday. "Secu...
Outside View: Deceptively strong GDP report expected
Apr 25, 2013 (UPI)
Forecasters expect the U.S. Commerce Department to report Friday the U.S. economy grew a brisk 3.1 percent in the first quarter but don't break out the champagn...
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