Topic: Economic Policy

Clinton defends Obama's 'job-creating' travels

US Secretary of State Hillary Clinton Friday defended President Barack Obama against any criticism he is spending too much time abroad, saying he is creating jobs for Americans by focusing on the dynamic Asian region."I think we each recognise that economic policy ...

Analysts' view: Italy PM Monti unveils new cabinet

(Reuters) - Italy's incoming Prime Minister Mario Monti named a new technocrat cabinet on Wednesday after being confirmed in office by President Giorgio Napolitano. He will present his policy platform in the Senate on Thursday.Here are some early reactions to the new ...

Fitch cuts Hungary rating outlook to negative

Fitch ratings agency said Friday it had downgraded its rating outlook on Hungary to 'Negative' from 'Stable' due to pressures on external demand and financing problems.Fitch said it reaffirmed its main rating for Hungary at "BBB-"."The revision ... reflects a sharp deterioration ...
A Chinese property tycoon is one step closer to getting Icelandic approval for his plans to buy a large swathe of land for a tourist resort, an economic affairs ministry memo released Thursday showed.The ministry said it was favourable to Huang Nubo's ...

Canada decries Obama jobs plan

Canada's top trade official on Tuesday decried a hint of protectionism in US President Barack Obama's jobs plan, which prohibits Canadian firms from bidding on infrastructure contracts.Trade Minister Ed Fast expressed "concern" after the US ambassador to Ottawa, David Jacobson, justified the ...

Afghanistan passes key hurdle to release aid funds

KABUL (Reuters) - The Afghan parliament, in a critical step for the release of blocked foreign aid funds, agreed on Saturday to start repaying the central bank for its bailout of Kabulbank, with a first installment of $51 million.Only two lawmakers voted ...

Romney jabs at Perry 'jobs plan' with empty book

Republican presidential hopeful Mitt Romney, riding resurgent momentum as the party's front-runner, took aim at rival Rick Perry on Thursday by releasing the Texas governors jobs plan -- a 114-page empty book."GET YOUR COPY OF @GovernorPerry jobs plan here," Romney press secretary ...

Highlights: Bernanke testifies on economic outlook

WASHINGTON (Reuters) - The following are highlights from a congressional Joint Economic Committee hearing on Tuesday with Federal Reserve Chairman Ben Bernanke testifying on the economic outlook.US ECONOMY CLOSE TO FALTERING"The economy is close, the recovery is close to faltering. We need ...

Mission Impossible II? Putin's economic challenge

In five years time, Russia will be one of the top five economies in the world with growth of up to seven percent based on a thriving and innovative business sector.Russian strongman Vladimir Putin vowed to make this vision of economic transformation ...

South Korea outlines budget to create jobs

South Korea's government Tuesday proposed a 2012 budget that would cut the fiscal deficit while boosting jobs and social welfare programmes to ease the impact of global economic uncertainty.The proposal, to be presented to parliament Friday, calls for total spending of 326.1 ...
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