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Lagarde says IMF may need less money for war chest

A stronger firewall is needed to protect the world economy from Europe's debt crisis, but the International Monetary Fund may not need as much money as it thought just a few months ago, the head of the global lender said on Thursday.

Jobless claims cast cloud on labor market

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The number of Americans filing for jobless aid hit a two-month high last week and more applications were received in the prior week than initially reported, suggesting a cooling in the labor market recovery.
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Walmart International focusing on existing markets

Wal-Mart Stores Inc is focused on improving results in China and other foreign countries where it already operates, rather than on entering new markets, its top international executive said on Thursday.
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WTO Warns Global Trade Will Shrink Again In 2012

Trade growth is expected to slow for a second year in 2012 amid severe downside risks that could push it even further below the 20-year average of 5.4 percent, the Geneva-based body forecast Thursday.
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Wall Street Up On Euro Zone Yields, Earnings Bets

Stocks edged higher in early trading on Thursday as concerns about rising yields in some euro zone countries eased and on bets corporate America will beat a lowered bar of earnings expectations.
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U.S. trade gap narrows sharply in February to $46 billion

The U.S. trade deficit narrowed unexpectedly in February as exports hit a record high, imports from China and other key suppliers declined and oil import volume fell to the lowest in 15 years, a government report showed on Thursday.
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US Trade Deficit Plunged To $46 Billion In February

The U.S. trade deficit narrowed unexpectedly in February as exports hit a record high, imports from China and other key suppliers declined and oil import volume fell to the lowest in 15 years, a government report showed on Thursday.
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India, China Headed for Asbestos Catastrophe: Experts

India and China are headed for an absolute catastrophe of death and disease because of likely massive jump in asbestos-related diseases in the coming decades, says a report written by Pulitzer winning journalist Gary Cohn.
Source: Pew Charitable Trusts

US Reclaims Top Rank From China In Clean Energy Investments

The US reclaimed the top position as the biggest investor in clean energy last year, with clean energy finance and investment witnessing a growth $48 billion, a 42 percent increase over 2010, according to a global rank list published in a report by the Pew Charitable Trusts.
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China growth seen slower in 2012, recovery mild: World Bank

The World Bank cut its forecast for China's 2012 economic growth to 8.2 percent on Thursday and said a rebound might not begin before the third quarter of the year as slack foreign demand and a government-induced real estate slowdown restrain a recovery.
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North Korea: The Starving Nation That Can Launch Satellites

North Korea is poised to launch its first satellite into orbit; the U.S. says it is a missile test in disguise. And tensions in northeast Asia are high as the North, an impoverished but nuclear-armed nation, engages in saber-rattling ahead of the launch.

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