ECONOMY & MARKETS

Cambodia will pay $11.2 billion for a 249-mile railway, a port and a steel factory.

India's service activity expanded in December at the fastest pace in the last three months, according to the HSBC PMI.

The rate of inflation rose to 2.9 percent in December compared to that in the same month last year.

China's service activity expanded in December but at a slower pace compared to that in the previous month, according to the HSBC Services Purchasing Managers’ Index (PMI) released Friday.

The unemployment rate may have held at 7.7 percent in December -- the lowest since December 2008.

China's non-manufacturing activity rose in December, easing concerns over the slowdown in the economic growth of the country.

An improvement in global sentiment should boost factory sectors in most countries in the coming months, but a strong rebound is unlikely.

India is considering steps like raising the cost of gold imports to rein in the rising current account deficit.

India’s manufacturing sector expanded sharply to a six-month high in December, according to the HSBC India Manufacturing Purchasing Managers' Index

Thailand's consumer price inflation rose at a higher rate than expected in December, indicating that the country’s inflationary pressures continue to increase, lowering prospects for further loosening of monetary policy.

South Korea’s manufacturing activity expanded in December to end six months of contraction, according to the HSBC PMI.

The senators voted to raise some taxes on the wealthy and to continue the tax cuts for others.

South Korea’s trade surplus fell in December compared to that in the previous month, indicating that the soft global demand continues to weigh down on the economic growth of the country.

China's manufacturing activity expanded in December, giving the indication that the world’s second-largest economy is reviving its growth momentum.

South Korea's consumer price inflation rose at a slower rate than expected in December.

China's manufacturing activity expanded to a nineteen-month high in December, according to the HSBC Purchasing Managers’ Index released Monday.

Investors feel that there is an urgent need to take measures for enhancing the growth potential of Japan’s economy.

S&P said it believes the same conditions that led it to strip the U.S. of its prized AAA rating in August of last year continue to exist.

The euro-zone economy likely contracted further in the fourth quarter and slid deeper into recession.

South Korea’s industrial output rose in November compared to that in the previous month.

While France weathered the 2008 financial and subsequent euro zone crises relatively well, its recovery has been sluggish.

Worries about the fiscal cliff weighed on consumer sentiment in December.

A less volatile measure of initial jobless claims fell to its lowest level since the early days of the 2007-09 recession.

From a potential port strike, to the massacre of South African striking miners, 2012 saw tensions rise between workers and companies.

Thailand's manufacturing, mining and power generation jumped last month compared to November 2011 when destructive flooding sharply curtailed industrial output.

Holiday sales are a crucial indicator of the economy's strength. And an early indicator is lowering the odds for a happy new year.

U.S. defense spending was on the wane even before the threat of sequestration cuts, and more layoffs loom in the sector.

Economists are optimistic about the housing recovery, provided Washington can strike a deal that keeps mortgage deductions and exemptions intact.

Job cuts this year have been driven by a handful of large-scale cuts. So here's a list of the top 10 major layoff announcements we saw in 2012.