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Business 15 Dec 2012 | 12:00 AM

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.

Business 15 Dec 2012 | 12:00 AM

Marriage, not the ceremony

AH, December.

Business 14 Dec 2012 | 12:00 AM

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.

Business 14 Dec 2012 | 12:00 AM

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.

Business 14 Dec 2012 | 12:00 AM

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.

Business 14 Dec 2012 | 12:00 AM

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.

Business 14 Dec 2012 | 12:00 AM

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.

Business 14 Dec 2012 | 12:00 AM

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.

Business 14 Dec 2012 | 12:00 AM

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.

Business 14 Dec 2012 | 12:00 AM

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%.