Jan 15, 2016

World Bank says Japan will enjoy 23% export boost from TPP

A Pacific Rim free trade initiative would give a double-digit boost to exports from Vietnam, Japan and Malaysia by 2030, according to a recent estimate by the World Bank. It expects the 12-country Trans-Pacific Partnership deal to increase exports from Vietnam by 30.1 percent, ...

Jan 14, 2016

Global mercury emissions down 30% as less coal is burned

Global emissions of mercury from man-made sources fell 30 percent from 1990 to 2010, in part from decreasing use of coal, the U.S. Geological Survey reported Wednesday. The greatest decline of the toxic pollutant was in Europe and North America, offsetting increases in Asia, ...

Drought hits global cereals output, study finds

Jan 8, 2016

Drought hits global cereals output, study finds

Droughts and extreme heat have cut national cereal production by 9 to 10 percent on average around the world in the last half-century, and the impact has worsened since the mid-1980s, researchers said. Cereal production losses averaged 13.7 percent in drought years from 1985, ...

Dec 31, 2015

Argentina declares 'national statistical emergency'

Argentina declared a “national statistical emergency” Wednesday, saying it will stop releasing data on the economy until the government statistics agency is overhauled and its numbers can be trusted. The move is conservative President Mauricio Macri’s latest assault on the economic policies of his ...

China eyes huge deficit to cushion reforms, slowing growth

Dec 30, 2015

China eyes huge deficit to cushion reforms, slowing growth

China could run its biggest budget deficit in perhaps half a century next year as leaders turn to government spending to arrest the slowdown in the economy, policy advisers say, after a year of easing monetary policy has brought disappointing results. The government is ...

Dec 26, 2015

Vietnam's economy grows at highest rate in five years

Vietnam’s economy in 2015 grew at its fastest pace in five years, official figures showed Saturday, shaking off regional economic worries with strong exports, record foreign investment and buoyant domestic consumption. The communist nation recorded a GDP growth rate of 6.68 percent, easily surpassing ...

Dec 24, 2015

Japan's GDP to rise by 2.59% under TPP, government says

The government said Thursday it expects the recently sealed Trans-Pacific Partnership trade pact to boost gross domestic product by ¥13.6 trillion or 2.59 percent from fiscal 2014 in its first estimate since the deal was struck in October. Growth will be driven by exports ...