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RALEIGH, N.C.-- A bill abolishing regional economic development commissions has received initial approval from the North Carolina Senate. The bill tentatively passed the Senate Monday with opposition from rural lawmakers who argued the bill cedes power to Raleigh at the expense of poor regions.
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SINGAPORE, May 14- Investors are becoming increasingly picky about which bonds and stocks they buy in Southeast Asia's fast-growing economies as the risk of policy bungling makes them more discerning.
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*Large economies of Russia, Poland, Turkey lead slowdown. ISTANBUL, May 10- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy. "It's really a story of three big countries- Russia, Poland and Turkey.
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LONDON, May 9- Europe's development bank slashed its 2013 growth forecasts for emerging Europe and North Africa on Friday by almost a full percentage point, saying a sharp slowdown in Russia would drag down the regional economy.
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GREATER NOIDA, India, May 3- Japan has tapped its reserves to invest in bonds issued by major economies in Southeast Asia, Japan's Finance Minister Taro Aso said on Friday, part of a strategy aimed at strengthening regional bond markets.
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GREATER NOIDA, India, May 3- Japan has tapped its reserves to invest in bonds issued by major economies in Southeast Asia, Japan's Finance Minister Taro Aso said on Friday, part of a strategy aimed at strengthening regional bond markets.
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GREATER NOIDA, India, May 3- Asian nations must be on guard against excessive risk taking and asset bubbles fed by central bank efforts to boost economic growth, major regional economies including Japan and China said on Friday.
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BRUSSELS, April 30- Inflation in the euro zone has fallen to a three-year low and unemployment hit a new record, cementing expectations of an interest rate cut by the European Central Bank later this week. "It's a close call, but we expect a rate cut this week," said Sarah Hewin, a senior economist at Standard Chartered Bank.
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BRUSSELS, April 30- Inflation in the euro zone has fallen to a three-year low and unemployment hit a new record, cementing expectations of an interest rate cut by the European Central Bank later this week. "It's a close call, but we expect a rate cut this week," said Sarah Hewin, a senior economist at Standard Chartered Bank.
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U.S. prime money market fund exposure to Eurozone banks declined in March 2013, likely reflecting investor concerns over recent events in Italy and Cyprus, according to Fitch Ratings.
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NEW YORK, April 30 U.S. prime money market fund exposure to Eurozone banks declined in March 2013, likely reflecting investor concerns over recent events in Italy and Cyprus, according to Fitch Ratings.
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BERLIN, April 29- There are still good reasons for countries to join the euro zone, despite its difficulties at the moment, European Central Bank Executive Board member Joerg Asmussen said on Monday. Emerging economies in central and eastern Europe are among potential candidates to join the single currency.
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*Export orders wilt in China and Germany. NEW YORK/ LONDON, April 23- Major economies in North America, Europe and Asia lost some momentum this month, a clutch of business surveys showed on Tuesday, raising concerns about the strength of the global recovery. China and Germany, the world's biggest exporters, both lost momentum in April.
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*Slovenia trying to avoid bailout, investors seek signs of reform. LJUBLJANA, April 21- Igor Luksic, leader of the Social Democrats in Slovenia's ruling coalition, disagrees with the European leaders who say his country should privatise its three biggest lenders to avoid the misery of another bailout in the euro zone.
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*Brazil, Latin American economies in slower growth path. WASHINGTON, April 19- Brazil and other Latin American countries need to realize their economic boom could be over because of cooler global demand for their minerals and farm goods, International Monetary Fund officials said on Friday.
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*Gulf economies strong, markets picking up. DUBAI, April 17- Across much of the Middle East, economic growth is strong and financial markets are picking up.
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*U.S. Weekly jobless claims rise. LONDON, March 28- Oil futures fell close to $109 a barrel on Thursday on the back of economic worries in the euro zone but were underpinned by a seeming recovery in demand growth in the United States, the world's biggest oil consumer.
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A rescue program agreed for Cyprus on Monday represents a new template for resolving euro zone banking problems, the head of the region's finance ministers said.
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BRUSSELS, March 25- A rescue programme agreed for Cyprus on Monday represents a new template for resolving euro zone banking problems and other countries may have to restructure their banking sectors, the head of the region's finance ministers said.
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MEXICO CITY, March 19- El Salvador should seek political agreements to reduce government expenses in a bid to stabilize the Central American nation's weak economy before presidential elections in 2014, the International Monetary Fund said on Tuesday.