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Life after Keynes with the double-dip
BARACK Obama was re-elected US President this November. He had inherited (and managed) the Great Recession that devastated the rich economies for the greater part of 2008-09.
Greek tax reform bill to tax capital gains on shares
ATHENS: Greece will tax capital gains on shares next year as part of efforts to boost revenues and attain a primary budget surplus, a tax reform bill Athens had long-promised its international lenders showed on Thursday.
EU argues over next steps after bank supervisor
BRUSSELS: With the pressure off after finance ministers clinched a significant agreement on a single banking supervisor, European Union leaders differed widely at a summit on Thursday over the next steps for their troubled currency union.
EU leaders promise further steps to quell crisis
BRUSSELS: European leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece.
U.S. fund investors pour US$8.68bil into stock ETFs
NEW YORK: Investors in U.S.-based funds pumped the most money into stock exchange-traded funds since mid-September while also putting money into higher-quality corporate bonds in one of the last reporting weeks of the year, data from Thomson Reuters' Lipper service showed on Thursday.
Global funds upbeat on first half
KUALA LUMPUR: Global fund management firms were upbeat on the investment outlook for the first half of 2013, said OCBC Banks Fund Poll.
Asian shares steady after China data, "fiscal cliff" weighs
Asian shares steadied on Friday as a pick-up in China's manufacturing sector calmed investor sentiment, but gains were capped by concerns that U.S. lawmakers are still too far apart to avert a fiscal crisis as an end-of-year deadline looms.
Global shares, oil fall on fears of U.S. "fiscal cliff"
NEW YORK: A seven-day rally in world shares came to a halt and commodity prices slipped on Thursday after negotiations over the U.S. fiscal cliff hit a wall, with both Republicans and the White House voicing frustration at the lack of progress.
US Fed ties rates to jobs recovery
WASHINGTON: The US Federal Reserve, announcing a new round of monetary stimulus, took the unprecedented step of indicating interest rates would remain near zero until unemployment falls to at least 6.5%.
