Aug 22, 2014

U.S. wealth gap widened in the last decade

A report from the U.S. Census Bureau provides fresh evidence that the rich are getting richer while the poor are getting poorer. The study, released Thursday, divided the U.S. into five groups from wealthiest to poorest. The median net worth of the richest households ...

Most major firms expect to see economy grow by year-end

Aug 17, 2014

Most major firms expect to see economy grow by year-end

A domestic survey of 106 major companies has found that 100 expect the economy to expand toward year-end, and that 76 do not oppose the government’s plan to complete the doubling of the sales tax to 10 percent in 2015, a poll says. Although ...

Japan close to beating deflation: BOJ deputy chief

Jul 23, 2014

Japan close to beating deflation: BOJ deputy chief

Japan is closer to conquering chronic deflation with monetary policy working as hoped, Bank of Japan Deputy Gov. Hiroshi Nakaso said Wednesday. “Japan’s economy is likely to achieve an inflation rate of about 2 percent in or around fiscal 2015, and thereafter gradually shift ...

Jul 22, 2014

Fiscal '14 growth forecast cut to 1.2%

The government on Tuesday cut its forecast for economic growth in fiscal 2014 to 1.2 percent from 1.4 percent in real terms amid lingering fears that the April 1 consumption tax hike — the first in 17 years — may continue to weigh on ...

India's Modi faces first test of reform pledges

Jul 10, 2014

India's Modi faces first test of reform pledges

India’s Prime Minister Narendra Modi faced the first major test of his reform credentials on Thursday, when his fresh-faced government presented its maiden budget amid early doubts about his willingness to make unpopular decisions. The budget promised a new era of fiscal prudence and ...

Is EU ready to actually change?

| Jul 5, 2014

Is EU ready to actually change?

After six decades of relentless — if incremental — integration, might the European Union be about to go into reverse? The “ever-closer union” enshrined in EU treaties since 1957 no longer looks so assured after a voter backlash in May’s European Parliament elections and ...