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UCA and Kyrgyz Government host national roundtable on “Local Self-Government in Kyrgyzstan” for Village District heads
Bishkek, Kyrgyz Republic, 19 December 2012 – The University of Central Asia, in collaboration with Government of the Kyrgyz Republic (GoKR), hosted a national roundtable on “Local Self-Government in Kyrgyzstan: State and Opportunities for...
World Bank sees China growing 8.4 percent in 2013
(Reuters) – The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lackluster performance of the global economy.
“For 2013, we...
India’s manufacturing activity boosts in November
India’s industrial output rose 8.2% from a year earlier, while the analysts had predicted a rise of 4.5%.
The jump in the figures is linked to the holiday season of Diwali, which is traditionally associated with a surge in consumer demand...
Greece to get the latest tranche of bailout funds
After weeks of tough talks, Eurozone finance ministers have agreed to approve the third tranche of bailout funds, 37bn Euros, to save the debt-ridden country.
The country will get 34.3bn Euros “ in the following days”, with the rest to follow...
3 men arrested for involvement in Libor probe
BBC-Three men have been arrested in connection with continuing investigations into the manipulation of the Libor inter-bank lending rate.
The three men – aged 33, 41 and 47 – have been taken to a London police station for interview.
The...
Japan is technically facing a recession
According to latest figures, Japan is technically in recession, having contract for two quarters in a row.
The economy shrank by 0.9% in the July-September quarter, while the April June quarter was revised from 0.1% growth to show a contraction...
China’s exports decline
China’s exports grew 2.9% in November, far below the expectations of analysts who had expected a 9% growth.
This comes after data on the weekend signaled a rebound in the Chinese economy.
Analysts said the recovery looks to be on track, despite...
US unemployment hits 4-year low
US unemployment rate in November was down to a four-year low of 7.7%, after the US added 146,000 jobs.
The figure was well above most analysts’ expectations.
“Our analysis leads us to conclude that Hurricane Sandy did not substantively...
Indian Government Wins Vote on Retail Reform
India’s minority government narrowly won a final vote in parliament on Friday for its controversial move to allow in foreign supermarkets, giving a boost to its reform agenda.
After heated debate, members in the upper house finally voted...
Standard Chartered to Pay $330 Million in Iran Settlement
British bank Standard Chartered expects to pay $330 million to settle claims by United States government agencies that it had moved hundreds of billions of dollars on behalf of Iran.
Standard Chartered, which earns most of its profit in Asia,...
