The Organization for Economic Cooperation and Development, a think tank dealing with the world's developed countries, cut its forecasts for the eurozone this year to 0.8 percent from 1.2 percent in its May assessment. Italy, one of the more troubled economies in Europe, was downgraded from 0.5 percent to minus 0.4 percent.» Read More
MANILA, March 24- Southeast Asia is unlikely to hit a target of integrating its 10 economies by 2015, but the group has much potential to be a trading hub for Asia once it fully creates an economic community, the Philippines' finance chief said on Monday.
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.
Michael McCarthy, Chief Market Strategist, CMC Markets says that the current market pull-back is an opportunity to buy stocks. But investors should practice caution.
China’s economic slowdown is not good for the U.S., as exports to China create jobs for Americans. And economists doubt that China will return to its previous growth rates, the Fiscal Times reports.
Adrian Mowat, JPMorgan chief Asian equity strategist, provides perspective ahead of China's latest GDP figures and discusses whether the country's economy is headed for a hard landing.