Survey: New Zealand's unemployment rate to rise to 7%
12-16-2009
- Economists expect the unemployment rate in New Zealand to rise to 7 percent of the workforce and stay there for the next two years.
A survey by the Institute of Economic Research released on Tuesday showed the economis..
Bourse operator: S. Korea to launch Chinese Yuan futures in de..
12-16-2009
- South Korea is mulling over launching a new product line-up of Chinese Yuan Futures in a bid to enhance variety and trading opportunities in the nation's derivatives market, high-ranking official of the bourse operator s..
GCC monetary union pact goes into effectduring summit: Kuwaiti..
12-16-2009
- Kuwaiti finance minister said Tuesday the Gulf Cooperation Council (GCC) monetary union pact has gone into effect during the current 30th GCC leaders' summit in Kuwait City.
Mustafa Al-Shamali said under the agreement,..
Ministry: Chinese mainland, Macao economic partnership a boost..
12-16-2009
- The "Closer Economic Partnership Arrangement" (CEPA) between the Chinese mainland and the Macao Special Administrative Region (SAR) has greatly boosted Macao's economic growth since 2003, China's Ministry of Commerce (MO..
RBC report: Canada's economy on way of recovery in 2010
12-15-2009
- The Canadian economy is now on track for an overall recovery in 2010, after a year of difficulties, according to a new report issued by the Royal Bank of Canada (RBC) on Monday.
The report also forecast that the econom..
Trade official: Brazil's exports to be spurred by global econo..
12-15-2009
- Global economic recovery predicted to emerge in the second half of 2010 is expected to promote exports in Brazil, said the country's trade authority on Monday.
"We are leaving the crisis much stronger than when we got ..
Brazil's economy to grow in sustainable way in 2010: President..
12-15-2009
- Brazil's President Luiz Inacio Lula da Silva said on Monday that the Brazilians will have an extraordinary year in 2010, during which the economy will grow in a sustainable way.
According to the president, quick growth..
Report: ArcelorMittal to cut 10,000 jobs for next year renovat..
12-15-2009
- The World's biggest steelmaker ArcelorMittal would reduce its workforce by 10,000 over its global net in the next year to enhance competitiveness and cut production costs, local media reported on Monday.
ArcelorMittal'..
Survey: Europeans believe employment most affected by crisis
12-15-2009
- A majority of Europeans believe that despite signs of recovery the worst of the crisis has yet to come and employment is the most endangered area, a Eurobarometer survey showed on Monday.
Compared with May-June 2009, 5..
Central Bank report: Japanese business morale up, but capital ..
12-14-2009
- The Bank of Japan's (BOJ) December tankan survey showed Monday that sentiment among big manufacturers in Japan has improved as the world economy shows signs of recovery, however a less-than-positive outlook for capital e..