Topic: East Asia
The head of the International Monetary Fund called Thursday for greater "political clarity" in Greece and Italy, after talks with Chinese leaders dominated by Europe's worsening debt crisis.Greece and Italy are grappling with domestic political upheaval brought on by the sovereign debt ...
BEIJING (Reuters) - The head of the International Monetary Fund warned on Wednesday that Europe's debt crisis risked plunging the global economy into a "lost decade" and said it was up to rich nations to shoulder the burden of restoring growth and ...
China has had to delay the loan of two pandas to France because the Greek debt crisis dominated the G20 summit when they hoped to finalise details, French Ecology Minister Nathalie Kosciusko-Morizet said Monday."Things were very far advanced. Unfortunately because of the ...
BEIJING (Reuters) - China is confident that Europe will be able to overcome its debt crisis, Foreign Minister Yang Jiechi said, adding stability in the eurozone was crucial for the global economic recovery.Yang, however, made no mention about increasing investment in Europe ...
SINGAPORE/WASHINGTON (Reuters) - Global factory activity slowed in October on weak demand for exports, with a sharp contraction in Britain's manufacturing sector suggesting that Europe was on the brink of a new recession.While manufacturing surveys on Tuesday from North America to debt ...
BERLIN (Reuters) - Eurogroup chairman Jean-Claude Juncker said on Sunday it made sense for China to invest its surplus in Europe to help the region overcome its debt crisis, but this would not involve political concessions.European leaders agreed a plan last week ...
BEIJING (Reuters) - China said on Thursday it welcomed the consensus reached at the European Union's summit to tackle the euro debt crisis and supported measures taken by the bloc."We hope that this consensus ... is conducive to boosting market confidence," Foreign ...
Retail investors have jumped on board the "good-times commodities train"In the last few weeks a slow slide in commodity prices – metals in particular – has turned into a full-scale nosedive. All through 2011 copper had remained essentially between US$4 and $4.50 ...
Beijing expressed confidence Thursday in Europe's ability to overcome its worst financial crisis in decades, ahead of a China-EU summit on October 25.Europe's debt crisis will top the agenda when the president of the European Commission Jose Manuel Barroso and European Union ...
South Korea's economy is likely to weather the deepening global downturn relatively well in the coming year thanks to sound fundamentals, analysts said Tuesday.Lee Jong-Hwa, senior adviser to the president for international economy, said despite mounting external shocks, South Korea was armed ...