A Hong Kong economist voiced stern opposition to collective bargaining right legislation for the city, saying that this would lead to overexpansion of trade union power, and eventually devastate the entire economy.
Tough economic measures could harm the implementation of social welfare programs, President Vladimir Putin said Thursday.
U.S. stocks rose for a third straight day on Wednesday, sending both the Dow Jones Industrial Average and the broader S&P 500 to all-time closing and intraday highs.
A new economic report by Chinese and Western economists published by a leading British think-tank on Monday argues that China can look forward to a period of stability that runs counter to the gloomy predictions of some Western economists.
The Bank of Japan (BOJ) on Tuesday decided to set a two percent inflation goal and pledged to ease monetary conditions "decisively" at the conclusion of a two-day policy meeting.
"The financial system has to focus on serving the manufacturing sector, service, urbanization, agriculture and the aging population."
Asked which region or country they thought offered the best returns, audience members at the “Asian Financial Forum”, which kicked off on Jan the 14th in Hong Kong, voted 48.9 per cent for China, 30.2 per cent for Southeast Asia, 10 per cent for the United States, 7.6 per cent for India and 3.3 per cent for Western.
The official data adds to signs that the world's second largest economy is emerging from a recent slumber.The Purchasing Managers' Index (PMI) reached 50.6 in December, unchanged from the previous month.
China's Central Economic Work Conference for 2013 opened in Beijing on Saturday.The meeting is tasked with mapping out the Chinese government's major economic plans for 2013.
2012 global economy has faced many headwinds, with the slow EU development to resolve the debt issue in year beginning, and U.S. fiscal cliff at the year end. The market movement has also been quite volatile.
Indonesian Labor Minister Muhaimin Iskandar said that the deadline would be extended to Nov. 25 from the previous dead of Nov. 20.
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