- 4 Jan 2012:Samsung, Hyundai tell workers to brace for economic uncertainty (January 3) - Bloomberg (via Businessweek)Samsung Electronics and Hyundai Motor, South Korea's largest companies, told employees to brace for intense competition in a weak global economy as the government called for contingency planning.
- 2 Jan 2012:But he said that the biggest goal was stability, and that aid-for-disarmament talks could resume if Pyongyang halted its nuclear activities.
- 21 Dec 2011:The strength of the Japanese yen as well as the ongoing European debt crisis have weighed on external demand.
- 19 Dec 2011:South Korea said it's prepared to intervene in markets as the death of North Korean leader Kim Jong Il clouded the outlook for an economy already faltering on weak export demand.
- 10 Dec 2011:After a marathon all-night session and another day of wrangling at a crucial summit in Brussels, European leaders hammered out a deal they hope will stave off a eurozone collapse and create an anti-crisis framework for the future.
- 8 Dec 2011:Christmas-tree spending rises to highest since pre-recession (December 7) - Bloomberg (via Businessweek)"We expect strong tree sales this year and strong holiday sales overall," said Jean Niemi, a spokeswoman for Atlanta- based Home Depot Inc., the world's largest home-improvement retailer. "History shows us that even in a down economy, the Christmas tradition isn't one that families part with."
- 4 Dec 2011:The US unemployment rate dropped sharply to 8.6% in November, its lowest level in two-and-a-half years, from 9% the month before, official figures show.
- 29 Nov 2011:Yuan halts three-day loss on Europe's efforts to solve crisis (November 29) - Bloomberg (via Businessweek)The yuan halted a three-day losing streak on speculation European leaders will boost efforts to solve the region's sovereign-debt crisis.
- 23 Nov 2011:The United States economy grew at a slightly slower rate than previously estimated in the third quarter, but weak inventory accumulation amid sturdy consumer spending strengthened analysts' views that output would pick up in the current quarter.
- China's manufacturing activity dropped to a 32-month low in November, renewing fears the Asian powerhouse is losing steam amid global economic woes.
- South Korea's parliament has ratified a free-trade deal with the US, after years of wrangling over the issue.
- 14 Nov 2011:The man tapped to be Italy's next premier earned the moniker "Super Mario" in the halls of the European Commission, stopping such corporate giants as Jack Welch and Bill Gates in their competitive tracks.
- 12 Nov 2011:Eighteen years after it first asked to join the World Trade Organization, a still ambivalent Russia is on the verge of membership, with negotiators expected to sign off on the final terms at a meeting in Geneva beginning November 10.
- 11 Nov 2011:Fears about a wave of successive layoffs by semiconductor firms were stoked last week when two chipmakers gave out walking papers.
- 9 Nov 2011:The head of the International Monetary Fund, Christine Lagarde, has warned that the global economy is at risk of being plunged into a "lost decade".
- 3 Nov 2011:ING's announcement follows job cuts by other big Dutch lenders. Nationalised Dutch bank ABN Amro is shedding 2,350 jobs as the state readies it for a return to private hands, while Rabobank said it planned 1,200 job cuts to save costs.
- 13 Oct 2011:The International Monetary Fund (IMF) has cut its growth forecasts for Asia over worries about eurozone debt and new fears for the US economy.
- 12 Oct 2011:The US Senate has voted through a bill which aims to punish China for keeping its currency artificially undervalued.
- 11 Oct 2011:Their causes include such diverse issues as global warming, gas prices and corporate greed - though most seem to be fueled by the common thread of anger at the wealthy and powerful at the expense of the middle class and less fortunate.
- 4 Oct 2011:American companies have yet another reason not to boost hiring: rising unemployment taxes.
- 3 Oct 2011:South Korea's LG Display Co. said Friday localization is a priority in its China business in order to further expand its presence in the world's No. 2 economy.
- 26 Sep 2011:Gold prices continued to plunge on September 23, despite the market turmoil that often drives investors to the traditional safe haven.
- 24 Sep 2011:The latest monthly readings released Thursday on manufacturing in the eurozone, the UK and China all were weaker than they had been, as was a report on the service sector in Europe.
- 22 Sep 2011:Taiwan's dollar weakened for a fourth day, sliding to an eight-month low, on concern that slowing global growth will weaken demand for the island's exports and slow job creation. Bonds rose.
- Japan's exports rose less than expected as slowing growth abroad and the strength of the yen have held back the country's economic recovery.
- International regulators raised the pressure on European policymakers to shore up the continent's banks, warning the impact of the sovereign debt crisis on bank capital posed an escalating threat to financial stability.
- 19 Sep 2011:The proposal's name refers to billionaire Warren Buffett, who has complained that wealthy Americans like himself pay less than their fair share in taxes under the current tax code.
- 9 Sep 2011:Japan's economy contracted more severely in the second quarter than was initially estimated, revised government data has shown. The decline came as companies cut back spending due to concerns about a slowing global economy and a rising yen.
- Calling for unity and an end to a "political circus" US President Barack Obama told Republicans to immediately pass a US$447 billion jobs plan to jolt the stalled economy and cheer a disillusioned nation.
- The US's biggest industrial companies face an average bill of at least US$100m each over the next five years as they struggle to fill the skills gaps left by the looming retirement of "baby boomer" factory workers.
- 8 Sep 2011:Austerity measures in rich countries to reduce budget deficits risk triggering economic downturn, Unctad report says. But poorer economies offer GDP growth.
- Facing a frustrated public and a skeptical Congress, President Barack Obama will pitch at least $300 billion in jobs proposals aimed at getting Americans back to work quickly and forcing Republicans to take a share of the responsibility for solving the country's economic woes.
- Americans are growing more pessimistic about the economy in the wake of a recession that left a more lasting impression on many families than any other event in the past decade.
- Japan's Sumco, the world's No.2 supplier of silicon wafers used to make chips, slashed its annual operating profit forecast by 37% on weak PC demand and slower-than-expected growth in smartphones and tablet PCs, and it said the fragile economy could make chip demand retreat further.
- German exports fell by 1.8% in July, much more than expected, official figures have shown.
- 4 Sep 2011:The US economy failed to add jobs in August.
- 1 Sep 2011:China's Purchasing Managers Index (PMI) rose to 50.9 in August from 50.7 the previous month, up for the first time in four months.
- 30 Aug 2011:Recession in rich countries has discouraged some would-be incomers from trying their luck. America, for instance, has seen a sharp decline in Mexicans trying to cross its southern border. Immigration to Europe has slowed. Some studies also suggest that increased inflows of migrants are a leading indicator of a pickup in growth.
- 27 Aug 2011:Reserve Bank of Australia Governor Glenn Stevens and Bank of Israel Governor Stanley Fischer were among the six central bankers to receive the top grade from the Global Finance magazine. The others were Lebanon's Riad Salameh, Malaysia's Zeti Akhtar Aziz, Amando Tetangco of the Philippines and Taiwan's Fai-Nan Perng.
- Political leaders anywhere in the world, however great they are, often do not have the luxury of actually making choices; choices are usually forced upon them by economic or political circumstances.
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