POLITICAL ECONOMY - POLICY DAILY

Mar 13, 2012 (UPI)

The U.S. system of taxing business stifles growth and destroys jobs. Non-financial firms are sitting on $2 trillion of cash but a cash hoard is no reason to inv...

Tokyo says cleared to buy Chinese government bonds

Mar 13, 2012 (AFP)

Japan said on Tuesday it had won approval from Beijing to buy Chinese government bonds for the first time, in a move aimed at binding Asia's two biggest economi...

Commodities falter as China slashes growth outlook

Mar 09, 2012 (AFP)

Commodity markets faltered this week after an unexpected growth outlook downgrade from key consumer China, but sentiment was soothed by a successful Greek debt ...

Outside View: Fewer jobs in February?

Mar 08, 2012 (UPI)

Forecasters expect the U.S. Labor Department to report Friday that the U.S. economy added 204,000 jobs in February, down from 243,000 in January. My estimate is...

Chinese named IMF secretary

Mar 07, 2012 (AFP)

International Monetary Fund managing director Christine Lagarde tapped a Chinese IMF official Wednesday as the Fund's next secretary. Jianhai Lin, who has been ...

China wealth fund gets $30 bn injection: report

Mar 05, 2012 (AFP)

China's $410-billion sovereign wealth fund received a $30 billion injection from the government last year, boosting its investment war chest for European assets...

Walker's World: Brits reform welfare

Mar 05, 2012 (UPI)

The world's most ambitious current attempt to redefine the social contract for the 21st century was passed last week by British lawmakers. It has two main princ...

China cuts growth target as parliament opens

Mar 05, 2012 (AFP)

China's premier on Monday cut the economic giant's growth target to 7.5 percent for 2012 as he opened a parliament session focused on growth, stability and mili...

China may target slower economic growth: media

Mar 03, 2012 (AFP)

China might set an annual economic growth target below 8.0 percent for this year, state media said Saturday, as the leaders of the world's second largest econom...

EU clinches new pact to salvage eurozone

Mar 02, 2012 (UPI)

European leaders signed a new deal in a bid to salvage the eurozone amid continuing fears that new debt and liquidity crises could hit the region amid continuin...

Japan spending down as deflation persists

Mar 02, 2012 (AFP)

Japanese unemployment inched up and household spending fell more sharply than expected in January, government data showed Friday, but analysts said the nation's...

China holdings of US debt at $1.15 trillion

Feb 29, 2012 (AFP)

China cut its holdings of US debt by $118 billion as its own reserves fell in the fourth quarter, newly revised US Treasury figures showed Wednesday. China's ho...

Japan industrial output rises 2.0% in January

Feb 29, 2012 (AFP)

Japan's industrial production in January rose by a bigger-than-expected 2.0 percent from the previous month as companies stepped up output of cars and electroni...

China risks economic crisis with no reforms: World Bank

Feb 27, 2012 (AFP)

China could face an economic crisis in the next 20 years if Beijing does not quickly overhaul its development model, World Bank and Chinese government researche...

HSBC profit spikes to $17 bn on Asian gains

Feb 27, 2012 (AFP)

Europe's largest bank HSBC reported soaring 2011 net profits on Monday as growth in Asia and other emerging markets offset eurozone debt losses and costs linked...

China risks economic crisis if no reforms: report

Feb 23, 2012 (AFP)

China could face an economic crisis if it does not implement major reforms in the next 20 years, the Wall Street Journal said Thursday, citing a report by the W...

HP net profit falls 44 percent, revenue also slides

Feb 22, 2012 (AFP)

Hewlett-Packard reported lower quarterly net profit and revenue Wednesday as slumping personal computer sales dragged down earnings at the world's largest compu...

China media calls for democracy at World Bank

Feb 22, 2012 (AFP)

China's state-run Xinhua news agency called Wednesday for democratic and transparent elections for the next World Bank president, saying the US strangle-hold ov...

Walker's World: Is this recovery?

Feb 20, 2012 (UPI)

America is hiring again, unemployment figures are dropping and the Dow Jones industrial average flirts with pre-crisis highs. An unexpected retail boomlet heart...

China cuts bank reserve requirement

Feb 18, 2012 (AFP)

China's central bank said Saturday it would cut commercial banks' reserve requirement ratio by 0.50 percentage points from February 24 to ease restrictions on l...