GDP

Fitch Warns Japan Of Downgrade If Debt Is Not Lowered

Japanese Prime Minister Yoshihiko Noda.
Japanese Prime Minister Yoshihiko Noda survived a no-confidence vote on Thursday, spurred by his proposal to double the consumption tax to 10 percent, in the latest example of a political gridlock that is risking a credit downgrade.
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Asian Markets

Asian Stock Markets Up On Stimulus Hopes

Asian stock markets advanced for the third straight session on Wednesday as sentiment continued to improve on hopes that the major central banks around the world will soon announce new round of stimulus measures to spur economic growth.
People look at an electronic board at a brokerage house in Shanghai

Asian Stocks Rise As Europe Optimism Persists

Most of the Asian markets rose Wednesday as investor confidence continued to be lifted by hopes that the European Central Bank will take actions to reduce the debt pressure faced by Spain and Italy.
Palaniappan Chidambaram

Chidambaram Vows Action on Economy

Finance Minister P. Chidambaram sought on Monday to allay investor worries about an economy growing at its weakest pace in almost a decade by pledging to address their concerns over taxes, public finances and interest rates.
International Business Times Logo

Globalization: The Economic Structural Changes Continue

Globalization -- basically, free markets and the transfer of jobs to lower-cost labor/production centers -- has lifted more than 1 billion people out of poverty. However, globalization, at least initially, also contains a contradiction that, in time, could undermine not only the uniting of markets, but trade and global GDP growth itself.
London 2012 Opening Ceremony

Will The London 2012 Olympics Save The UK Economy?

At a time when the U.K. is in a recession, what will the Olympics mean for the country's sagging economy? Will the event worsen the ongoing recession or help initiate economic recovery?
Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing

China Services Activity Recovered In July: HSBC PMI

China's services activity growth recovered in July to the fastest pace in nine months after the slowdown in June, according to the HSBC Purchasing Managers' Index (PMI) released Friday.
Marois

Will They Or Won't They? The Economics Of Quebec Separatism

The Canadian province of Quebec is set for an election on Sept. 4 that will pit pro-federalist Liberal Party, which currently holds a majority in the National Assembly, against the pro-separatist Parti Quebecois.

Fed Officials Stand Pat But Ready To Act If Needed

The Federal Reserve on Wednesday offered a gloomier view of the economy as the labor market showed no sign of improvement since its last meeting. However, despite mounting signs of a sharp slowdown in the U.S. economy, central bank officials decided to take more time to make up their mind and refrained from enacting another monetary stimulus.

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