March 22, 2013
China needs ‘renewed reform momentum’, says OECD survey
China needs a "renewed reform momentum" to sustain long term growth, the Organisation for Economic Co-operation and Development (OECD) has said. It said the financial sector, urbanization, state ownership and innovation were key areas for reforms.…
March 22, 2013
Cyprus MPs due to vote on new plan to secure bailout
MPs in Cyprus are due to begin voting on a series of bills that aim to raise the funds the country needs to secure an international bailout. The country is in a race against time after the European Central Bank gave Cyprus until Monday to find the…
March 22, 2013
US home sales rise fuels recovery hopes
Signs of recovery in the US economy have been underlined with news that home sales are running at a three-year high and that a confidence index rose. Sales of existing homes in February were at their highest annual rate since November 2009,…
March 22, 2013
YouTube reaches one billion monthly users
YouTube, the video sharing site owned by Google, has announced it has passed one billion regular users. Announcing the milestone on its blog, the site said a recent growth in smartphones had helped boost the numbers visiting the site every month.…
March 22, 2013
Hedge funds storm back into form
With crisis in Cyprus, gloom in the UK's Budget and growing fears of a correction in the US Treasury market, you could be forgiven for thinking markets were as turbulent as ever. For some, though, the sun is shining: 2013 has seen some of the…
March 20, 2013
Asia currencies gain as Cyprus bailout fears hurt euro
Asian currencies have continued to strengthen as uncertainty over the developments in Cyprus hurt the euro. On Tuesday, Cyprus rejected a controversial levy on bank deposits, proposed by the EU and IMF as part of their bailout package for the…
March 18, 2013
China new home prices rise in February
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March 18, 2013
Asian markets fall amid fears over Cyprus bailout deal
Asian markets have dipped after Cyprus bailout plans triggered fears of an escalation of the eurozone debt crisis. The EU and IMF want all bank customers to pay a levy in return for a bailout worth 10bn euros ($13bn; £8.6bn). The plan is yet to be…
March 18, 2013
BP appeal over ‘absurd’ Gulf oil spill payouts
Oil giant BP is taking legal action in the US to limit payouts by a fund set up to compensate those affected by the 2010 oil spill in the Gulf of Mexico. BP said some of the claims being paid by the scheme's administrator were "fictitious" and…
March 18, 2013
Caribbean tourism to keep its piece of the pie
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