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  • *China aims to create 10 million new jobs in 2015. BEIJING, March 5- China on Thursday announced an economic growth target for this year of around 7 percent, signalling its lowest rate of expansion for a quarter of a century, and said it would increase government spending to support the slowing economy. "The downward pressure on China's economy is intensifying," Li...

  • TOKYO, March 5- Loss-making Japanese electronics firm Sharp Corp meets its main banks on Thursday in an effort to secure its second major bailout since 2012, betting they will have little choice but to pay up despite their call for more drastic overhauls. Sharp Chief Executive Kozo Takahashi will meet officials from Mizuho Bank and Bank of Tokyo-Mitsubishi...

  • What a new Asian order means for the US  Wednesday, 4 Mar 2015 | 8:36 PM ET

    Evan Feigenbaum, vice chairman at Paulson Institute, outlines his theory of a "new Asian order" and explains how that poses as a challenge to the U.S.

  • China's capital market integration chugs along  Wednesday, 4 Mar 2015 | 8:17 PM ET

    Regardless of the results of the Shanghai-HK stock connect, a similar link-up in Shenzehn will materialize if it matches China's aim to integrate its capital markets, says Helen Zhu, head of China Equities at BlackRock.

  • Study shows a rise in Chinese corporate IOUs  Wednesday, 4 Mar 2015 | 7:46 PM ET

    Rocky Tung, chief economist at Coface, attributes the increase in overdue amounts and periods to factors like cashflow problems among Chinese firms.

  • China lowers growth target, promises to open industries Wednesday, 4 Mar 2015 | 7:12 PM ET

    BEIJING— China announced a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive. The growth target of about 7 percent, down from last year's 7.5 percent, is in line with efforts to create a "moderately prosperous society," said Premier Li...

  • SEOUL, South Korea— SKorean media: US ambassador attacked during lecture and taken to a hospital for treatment.

  • Gloom and gallows humor in Fed's 2009 transcripts Wednesday, 4 Mar 2015 | 5:01 PM ET

    Federal Reserve officials faced the worst of the Great Recession in early 2009: a collapsing economy hemorrhaging jobs, a plunging stock market, and banks saddled with bad debts, refusing to lend. Yet the transcripts also show that then-Fed Chairman Ben Bernanke and other Fed policymakers were quicker to grasp the magnitude of the downturn than in previous...

  • BEIJING, March 5- China's top leaders are expected to revise down their 2015 economic growth target to around 7 percent on Thursday when the annual parliamentary meeting begins in Beijing, signalling the slowest expansion for a quarter of a century. The opening of the annual full meeting of the largely rubber-stamp National People's Congress comes less than a...

  • *China is world's second-biggest defence spender. *Aircraft carriers, submarines seen among China's priorities. BEIJING, March 4- China's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as...

  • LONDON, March 4- Global business activity picked up last month just as many central banks around the world loosen monetary policy further to try and drive up stubbornly low inflation and revive moribund economies. Growth in China's service industry accelerated and India's expanded at an eight-month high while firms across the euro zone ramped up operations...

  • *China is world's second biggest defense spender. *Aircraft carriers, submarines seen among China's priorities. BEIJING, March 4- China's defense budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as...

  • Eurozone showing signs of economic momentum Wednesday, 4 Mar 2015 | 4:16 AM ET

    LONDON— The 19- country eurozone's economy is kicking into a higher gear thanks to falling oil prices and the lower euro, but the recovery is still far short of that experienced by the U.S. And that's likely to be welcomed by policymakers at the European Central Bank as they head off for their latest meeting Thursday in Nicosia, the capital of the Mediterranean...

  • WASHINGTON— From the United States to Asia to Europe, a global economy that many had feared was faltering appears poised for a resurgence on the strength of cheap oil and falling interest rates. "The U.S. is doing well, you're getting a lot of good news in Europe," said Nariman Behravesh, chief economist at IHS Global Insight. Weaker growth in China has also hurt...

  • TOKYO— North Korea is trying to invigorate its hidebound economy by offering more control and possibly more personal rewards to key sectors of its workforce in the country's biggest domestic policy experiment since leader Kim Jong Un assumed power. The focus is on management, distribution and farming, said economist Ri Ki Song of the Economic Science Section...

  • BEIJING— China's official military budget will grow by about 10 percent in the coming year, a legislative spokeswoman said Wednesday, amid unease among Beijing's neighbors about its growing might and territorial ambitions. The spending reflects China's growing power and desire to assert itself in the region and globally. Fu told a news conference that...

  • ISMAILIA, Egypt— Bulldozers push earth and dredgers spit mud round the clock at Egypt's Suez Canal in a race to quickly expand the strategic waterway for two-way traffic, a project trumpeted by President Abdel-Fattah el-Sissi to revive both the country's damaged economy and visions of nationalist glory. Although more vessels will be drawn to the canal...

  • NEW DELHI— India's central bank on Wednesday unexpectedly cut a key interest rate by a quarter percentage point, the second such reduction this year as the bank lends support to government efforts to boost economic growth. But India's inflation rate has fallen substantially in recent months as global oil prices have dropped sharply. India's Prime Minister...

  • BEIJING, March 4- China's defence budget this year will rise about 10 percent compared with 2014, a top government official said on Wednesday, outpacing the slowing economy as the country ramps up investment in high-tech equipment such as submarines and stealth jets. "Compared with great powers, the road of China's defence modernisation is more difficult.

  • DIARY-Top Economic Events to March 17 Wednesday, 4 Mar 2015 | 12:01 AM ET

    LAKE FOREST, United States- Federal Reserve Bank of Chicago President Charles Evans speaks on current economic conditions and monetary policy before the Lake Forest-Lake Bluff Rotary Club 2015 Economic Breakfast- 1400 GMT. KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George speaks on the U.S. economy at an event hosted by...

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