International
Analysis: Weak Yen Trend To Slow; Wary Japan Insurers Take Stock Of “Abenomics”
The yen has quickly dived to near three-year lows, but one Japanese sector with serious currency clout has yet to be heard: big insurers who control a combined $2 trillion in assets. Conventional ...Huge Protest Vote Leaves Italy Facing Deadlock
A huge protest vote by Italians enraged by economic hardship and political corruption left the euro zone's third-largest economy facing a dangerous vacuum on Monday after an election in which no ...
U.S., Japan Agree On Approach To Trans-Pacific Partnership Talks
The United States and Japan on Friday agreed on language aimed at giving Japanese Prime Minister Shinzo Abe political cover to bring the world's third-largest economy into negotiations on a U.S.-led ...IASB, FASB Fail To Agree On Bank Loan Loss Rules; Insurers Press For Time
Investors will have to grapple with two sets of rules for how banks recognize losses on loans after the world's two main accounting regulators failed to agree a common approach. At the height of the ...Euro Zone Economy To Shrink Again In 2013; Recession Persists
The euro zone will not return to growth until 2014, the European Commission said on Friday, reversing its prediction for an end to recession this year and blaming a lack of bank lending and record ...Moody’s Cuts UK’s Aaa Credit Rating
Moody's Investors Service on Friday cut the United Kingdom's credit rating to Aa1 from Aaa, citing weakness in the nation's medium-term growth outlook that it now expects to extend for a number of ...Singapore’s Economic Outlook Cautious Despite Q4 Recovery
The outlook for Singapore's economy is "cautiously positive", the government said on Friday, reiterating its growth forecast of 1-3 percent for this year after fourth quarter and 2012 gross domestic ...