UN Security Council adopts resolution to tighten sanctions against DPRK
15:12 | 25/12/2017 Global Economy
The UN Security Council last Friday adopted a new resolution to further tighten sanctions against the Democratic People's Republic of Korea (DPRK) in response to its ballistic missile launch late last month.
US Congress approves short-term budget to avoid shutdown
17:05 | 23/12/2017 Global Economy
The Republican-controlled U.S. Congress on Thursday passed a short-term funding bill to keep the federal government running for four more weeks, averting a looming shutdown.
Government estimates new TPP and EU trade deals will boost Japan’s GDP by US$114 billion
16:17 | 22/12/2017 Global Economy
Japan’s recently sealed free trade pacts with 10 Pacific Rim countries and with the European Union will increase real gross domestic product by an estimated ¥13 trillion ($114 billion), the government said Thursday.
N. Korean incomes improving but far below South: Seoul
15:05 | 21/12/2017 Global Economy
North Koreans enjoyed the fastest improvement in their incomes for five years in 2016, Seoul's statistics agency has said - but Southerners are still more than 20 times better off.
ADB ratchets up Asia’ GDP growth forecast
15:00 | 20/12/2017 Global Economy
The Asian Development Bank (ADB) forecasts in its latest report that Asia’s economy will expand by 6 percent in 2017, driven by stronger-than-expected exports and domestic consumption.
Dire poverty in US to worsen under Trump, threatening democracy
11:39 | 19/12/2017 Global Economy
Poverty and inequality rates in the United States are alarming, poised to worsen under President Donald Trump and threatening the nation's democracy, a top United Nations official said last week.
Eurozone economy to grow at faster rate, says central bank
11:14 | 18/12/2017 Global Economy
The European Central Bank (ECB) has lifted its economic growth forecasts as growth across the eurozone picks up.
Thailand cuts back N. Korean trade to nearly 'none'
16:20 | 17/12/2017 Global Economy
Thailand has drastically reduced trade with North Korea amid mounting international pressure to isolate the pariah state, the government said Thursday, as a senior U.S. envoy arrived for talks on Pyongyang's nuclear program.
US, EU, Japan to join forces on Chinese excess capacity
13:27 | 15/12/2017 Global Economy
The United States, European Union and Japan are expected to announce a joint effort on Tuesday aimed at confronting China over its excess industrial capacity and other trade practices, a source close to the discussions said.
Southeast Asia’s internet economy estimated at US$50 billion
15:06 | 14/12/2017 Global Economy
Southeast Asia’s internet economy is estimated to reach US$50 billion in 2017, according to a report released by Temasek of Singapore and Google of the US on December 12.
