California governor reveals whopping budget deficit
The California governor, Jerry Brown, has announced the state's projected budget deficit has been blown out.
US$9.67 billion loss for Panasonic
Panasonic Japan has announced a record US$9.67 billion annual loss.
British economy may be in deeper recession as construction output data is lowered
Deadlock in Greece government formation talks
EC optimistic of economic recovery in latter half of 2012
Obama urges Congress to act on 'To-Do List' to spur economy
US President Barack Obama Saturday pressed Congress to act on a "To-Do List" to create jobs and help restore economic security for the middle class.
0.2 per cent drop in April producer price index
Dip in energy and intermediate goods costs helped to drive down U.S. wholesale prices lower in April, indicating easing of inflationary pressures.
63 pc Americans believe US better off from having rich class
Almost 63 percent Americans believe that the United States is better off from having a wealthy class, according to poll.
March sees further widening of US trade deficit
The US trade deficit widened by 14.1 per cent to $51.8 billion in March from a revised $45.4 billion in February,...
Chinese import, export growth slows
Chinese moves to boost domestic consumption have not helped much in rebalancing economic growth as new figures...
