HONG KONG: Asian stock markets made  a slight comeback Friday in anticipation of efforts to shore up the Japanese and global economies, but fears of double-dip recession still lurked. Tokyo’s Nikkei... (more...)

BUDAPEST: Hungary’s government said Sunday it would plough on with deficit-slashing reforms demanded by the IMF and EU, and aimed to become Central Europe’s most stable country “as quickly... (more...)

WASHINGTON: The International Monetary Fund released a loan installment of 913.2 million euros (1.1 billion dollars) to Romania on Friday, signaling approval of the government’s deficit-reduction... (more...)

ISLAMABAD: Prime Minister Syed Yusuf Raza Gilani on Thursday said the macroeconomic stabilization brought about through sustained economic policies could be further consolidated through focused attention... (more...)

BERLIN: Germany wants to impose a levy on banks not to exceed 15 percent of their annual net profit to create a fund to prepare for potential future banking crises, according to a document seen by AFP... (more...)

ISLAMABAD: The amount of circular debt still stands at a whopping Rs 129 billion while the Finance Ministry as part of its effort to clear the circular debt has made a payment of Rs14 billion to Pakistan... (more...)

BERLIN: German Chancellor Angela Merkel said Monday her planned austerity measures would not harm growth, after US President Barack Obama warned scaling back spending too fast could harm the global economy.”It... (more...)

BEIJING: China’s central bank said Saturday it would make its yuan exchange rate more flexible, an indication analysts said that Beijing was ready to scrap the dollar peg and allow the currency to... (more...)

BEIJING: China’s central bank said Saturday it would further promote reform of its exchange rate mechanism. “China’s central bank has decided to further promote the reform in the RMB... (more...)

WASHINGTON: A recent spike in financial market volatility poses a “major downside risk” to the global economy and may curb the recovery from recession, the International Monetary Fund said... (more...)