Economic Issues

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East Africa trade bloc inks common market treaty

AFP Global Edition 7 hours ago

Leaders of the five-member East African Community bloc on Friday signed a common market treaty to allow free trade, movement and right of residence, the first of its kind on the continent. The presidents of Burundi, Kenya, Rwanda, Tanzania and Uganda signed ...

East African bloc to sign common market treaty

AFP Global Edition 7 hours ago

Leaders of the five-member East African Community gathered at the bloc's headquarters Friday to sign a common market treaty to allow free trade, movement and right of residence in the region. The presidents of Burundi, Kenya, Rwanda, Tanzania and Uganda will pen ...

Dollar rallies as traders avoid risky deals

AFP American Edition 10 hours ago

The dollar rallied on Friday as investors shunned assets viewed as risky, such as the euro, amid fresh concerns about the strength of global economic recovery, analysts said. In late morning trading here, the euro sank to 1.4876 dollars from 1.4922 late ...

Trichet warns banks risk addiction to support

Reuters US Online Report Business News 10 hours ago

FRANKFURT (Reuters) - Banks risk becoming addicted to cheap central bank cash used to fight the financial crisis and must prepare for its eventual withdrawal, the head of the ECB warned at a Frankfurt banking conference on Friday. Financiers from the head ...

Asia airlines emerge from slump: industry body

AFP Global Edition 12 hours ago

Asia's airline industry is pulling out of a slump sparked by the global recession with signs passenger numbers are rising, a regional body said Friday, but there were warnings a rebound will be slow. "Hopefully, we are at least through the worst ...

Asia airlines stem decline, says aviation body

AFP Asian Edition 12 hours ago

Asia's airline industry is pulling out of a slump sparked by the global recession with signs passenger numbers are rising, a regional body said on Friday, but there were warnings a rebound will be slow. "Hopefully, we are at least through the ...

Asia's airlines stem decline: aviation body

AFP Asian Edition 12 hours ago

Asia's airline industry is pulling out of a slump sparked by the global recession with signs passenger numbers are rising, a regional body said Friday, but there were warnings a rebound will be slow. "Hopefully, we are at least through the worst ...

Deflation returns to Japan as rates stay low

AFP Global Edition 13 hours ago

Japan's central bank left its super-low interest rates unchanged on Friday as the government declared for the first time in more than three years that Asia's biggest economy is in a phase of deflation. Concerns are mounting that a long bout of ...

Japan maintains super-low interest rates

AFP Global Edition 13 hours ago

Japan's central bank left its super-low interest rates unchanged on Friday as the government declared for the first time in more than three years that Asia's biggest economy is in a phase of deflation. Concerns are mounting that a long bout of ...

Deflation major issue for Japan: finance minister

AFP Global Edition 13 hours ago

Japan's finance minister voiced strong concern Friday about deflation in the world's number two economy, saying the price drops are a major challenge for policymakers. "The recent price falls are not right, and worrisome. This is one of the major policy issues ...

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