World economy
Japan intervenes to hold down rising yen
31 Oct 2011
Whirlpool to cut 5,000 jobs, close Arkansas plant
28 Oct 2011
Whirlpool Corp, the world's largest appliance maker, plans to cut 10 per cent of its workforce in North America and Europe, and close its plant in Arkansas due to lower demand and higher costs for materials
EU looks to China to fund eurozone bailout
28 Oct 2011
President Cristina Fernandez de Kirchner wins re-election by record vote in Argentina
24 Oct 2011
With over 75 per cent of the ballots counted, Fernández de Kirchner remains the most voted candidate polling 53.27 per cent of the votes that gives her the mandate to rule Argentina for another four years.
Japanese exports rise by 2.4 per cent in September
24 Oct 2011
Japanese exports have been on the rise its economy, devastated by the March 11 earthquake and consequent tsunami, has been recovering rapidly
France-Germany fail to agree on bail out plan
21 Oct 2011
China divests $36.5 billion of US bonds after S&P's downgrade
20 Oct 2011
China is still the largest foreign owner of US debt, currently holding $1.137 trillion of US Treasury debt.
Citigroup agrees to pay $285 million to settle SEC probe
20 Oct 2011
Wall Street banks have so far paid over $1 billion to the securities regulator for misleading investors on mortgage-backed securities.
Lord Wolfson offers prize for best Eurozone exit strategy
20 Oct 2011
The prize is being offered for an exit plan for debt-laden countries to leave the eurozone to protect the continent's economies
India, China have second-highest prevalence of fraud: survey
19 Oct 2011
India has moved up to shares the second spot with China in a disreputable list of rankings of nations with high prevalence of fraud, says the Global Fraud Report by risk consultancy firm, Kroll.
Moody’s warns of slapping negative outlook on France’s Aaa credit rating
19 Oct 2011
The warning comes as EU leaders plan to shield the region's financial system from an expected Greek debt default.
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