A top Japanese government official said Prime Minister Shinzo Abe should delay a planned sales-tax increase, the strongest sign yet that economic weakness is causing concern among those close to the premier ahead of the difficult tax decision.
Tags: Economy
South Korea exports rise 2.5 percent in October, trade surplus at record
South Korean exports rose slightly faster than expected in October but imports saw their sharpest drop in 13 months, dragged down by softer demand for raw materials and capital goods, data showed on Saturday.
Ukraine, Russia, EU agree to natural gas supply deal
Ukraine, Russia and the European Union signed a deal on Thursday on the resumption of Russian natural gas supplies to Ukraine for winter after several months of delay during the conflict in Ukraine.
At Brazil auto show, industry wonders if it can get any worse
Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner.
Rousseff will struggle to restore Brazil's economic good times
President Dilma Rousseff narrowly won re-election by spending heavily and promising to extend the fight against poverty but she will need to restore order to public finances in her second term to get Brazil's stalled economy back in gear.
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Italian lawmakers have put forward a proposal for free Wi-Fi in thousands of public places to bridge a gap with other European countries in broadband penetration, e-government and other digital services that is dragging on the economy.
Euro zone businesses performed much better than forecasters expected this month and China's vast factory sector grew a shade faster but there were worrying signs that the upturn could be short-lived.
The World Bank cut its 2014-2016 growth forecasts for developing East Asia, noting that China was likely to slow due to policies aimed at putting the economy on a more sustainable footing, and it also cautioned of capital-flight risks to Indonesia.
The European Central Bank will present details on Thursday of a new asset-buying plan with which it hopes to revive the flagging euro zone economy and see off the specter of deflation.
Russia risks slipping into recession because the government is not investing enough in the economy to weather Western sanctions, former finance minister Alexei Kudrin said on Tuesday, criticizing the strategy so far.
China's economy showed further signs of softening in July despite a burst of government stimulus measures, suggesting more policy support may be needed to keep growth on track as a property downturn worsens.
It's the final countdown for retailers who have done their best to whet U.S. consumers' appetites for Christmas shopping deals, and the stores may show whether they have made the best of a truncated shopping season
Becky Pritchard conducted an investigative report for the Wall Street Journal about how private equity had embedded itself deeply in an average consumer's life.
Typhoon Haiyan's devastation would also lower the growth of the Philippine economy. The Philippine benchmark index had its largest decline in the last six weeks amidst concerns from the consequent devastation from Super Typhoon Haiyan would affect the economic growth of the country.
