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World 20 Sep 2012 | 12:00 AM

Mine unrest prompts South Africa central bank forecast cut

JOHANNESBURG (Reuters) - South Africa's Reserve Bank cut its economic growth forecasts on Thursday and warned that labour unrest in the country's mines could hit investment and undermine record loose monetary policy.

World 20 Sep 2012 | 12:00 AM

Mine unrest prompts South Africa central bank forecast cut

JOHANNESBURG (Reuters) - South Africa's Reserve Bank cut its economic growth forecasts on Thursday and warned that labour unrest in the country's mines could hit investment and undermine record loose monetary policy.

World 14 Sep 2012 | 12:00 AM

India's diesel price move to test stomach for reforms

NEW DELHI (Reuters) - After raising subsidised diesel prices despite heavy political opposition, the Indian government may go further in reviving its stalled reform agenda on Friday when it weighs allowing foreign direct investment in its battered airlines.

World 05 Sep 2012 | 12:00 AM

Euro zone sales fall in July as consumers struggle

BRUSSELS (Reuters) - Retail sales in the euro zone ended a two-month run of gains in July as volumes fell, highlighting consumers' battle with rising joblessness, wage cuts and restricted bank credit during a debt crisis that is eroding disposable incomes.

World 05 Sep 2012 | 12:00 AM

Euro zone likely back in recession as PMIs slump: poll

LONDON (Reuters) - The euro zone is likely to have slipped back into recession in the current quarter, according to a survey published on Wednesday that showed a seventh month of contraction for the bloc's private sector as new orders dwindled.

AseanPlus News 22 Jul 2012 | 12:00 AM

Asian economies make the most of a bad year

THE symptoms are many, and they are all pointing towards a worrying diagnosis: Asian economies, led by China and India, are rapidly losing steam.

World 16 Jul 2012 | 12:00 AM

French deficit drive draws safe-haven flows

PARIS (Reuters) - France borrowed nearly 8 billion euros free of interest on Monday from investors, benefiting from its perceived status as a top euro zone borrower even with record debt levels and before a test of the government's appetite for belt-tightening.

World 08 Jul 2012 | 12:00 AM

China's Wen urges curbs on property speculation

SHANGHAI: Chinese Premier Wen Jiabao has called for efforts to limit property speculation, state media reported, as the country's housing market shows signs of a rebound.

World 05 Jul 2012 | 12:00 AM

China surprises with 2nd rate cut in weeks

BEIJING (Reuters) - China's central bank cut interest rates for the second time in a matter of weeks on Thursday, stepping up efforts to bolster an economy that last quarter probably suffered its weakest growth since the global financial crisis.

World 05 Jul 2012 | 12:00 AM

China cuts interest rates for second time this year

BEIJING (Reuters) - China's central bank cut interest rates for the second time in two months on Thursday in the latest attempt to bolster slowing growth in the world's second-largest economy.