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China urban private sector wages up 17.1% in 2012Beijing (AFP) May 17, 2013 China's private sector wages in urban areas grew 17.1 percent in 2012, official figures showed Friday, even as the country's economy expanded at its slowest pace in 13 years. Average urban pay in private companies increased to 28,752 yuan ($4,681) last year, the National Bureau of Statistics (NBS) said on its website. But the rise was slower than the 18.3 percent of the previous year, NBS data showed. Adjusted for inflation, the increase was 14.0 percent. Chinese private sector average urban ... read more |
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 Innovation in spectroscopy could improve greenhouse gas detection Study provides insight into nesting behavior of dinosaurs UC Santa Barbara scientist studies methane levels in cross-continent drive Safer, more environmentally friendly flame retardant with first-of-its-kind dual effects Keeping fruit, vegetables and cut flowers fresh longer Using earthquake sensors to track endangered whales | .. |
 Outside View: Forgiving student debt won't help students College is too expensive, graduates can't find decent jobs and pay off loans and students, parents and educators all share in the blame. ... more | .. |
 China shadow banking growing fast: Moody's China's shadow banking activities have risen nearly 70 percent over the past two years and now total more than half the size of the world's second-largest economy, ratings agency Moody's said Monday. ... more | .. |
 China industrial production up 9.3% in April: govt Industrial output in China rose 9.3 percent in April, the National Bureau of Statistics (NBS) said Monday, accelerating from March but below market expectations, underscoring sluggish growth momentum. ... more | .. |
 Walker's World: Spring in Europe Like the skies clearing after a storm, some small but hopeful patches of blue and even the occasional ray of sunshine are breaking through the prolonged gloom over Europe's economic prospects. ... more |
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 EU coming round to pro-stimulus measures instead of cuts EU senior ministers attending a G7 summit northwest of London are having to wriggle back into a pro-growth posture after months spent on fractious - and expensive - campaign for cutbacks, economic retrenchment and overall austerity. ... more | .. |
 China banks scale back lending in April: govt Chinese banks lent less in April than March, official data showed Friday, after other recent indicators suggested a rebound in the world's number two economy was flagging. ... more | .. |
 Mafia asset confiscation measure advances in European Parliament A key European Parliament committee this week signed off on legislation calling for confiscation of organized crime assets and their distribution to local communities. ... more | .. |
 China inflation accelerates in April: govt Inflation in China accelerated to 2.4 percent year-on-year in April, official data showed Thursday, above market expectations, but analysts said counter-measures were unlikely due to weak economic momentum. ... more |
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 California sues JPMorgan over debt-collection fraud The US state of California filed suit Thursday against JPMorgan Chase, accusing the Wall Street bank of illegally abusing credit-card customers and misusing the court system to harass them with lawsuits. ... more | .. |
 Argentina offers tax amnesty to head off devaluation Argentina's latest effort to tease out billions of U.S. dollars said to be held by citizens through sweeping tax breaks and interest earnings received lukewarm response, though this may change. ... more | .. |
 India's startups lacking guardian 'angels' It is seen as a land of entrepreneurs, economic growth and huge business potential, but India appears to be failing its promising startup companies which are struggling to find investors. ... more | .. |
 Outside View: Europe's depression The whole of Europe is headed for a permanent recession - a depression. ... more |
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 Walker's World: Paris vs. Berlin, again Under the strain of the euro crisis, trans-national politics in Europe are becoming unpleasantly personal, particularly between Paris and Berlin, which is putting a growing strain on a fragile system. ... more | .. |
 HSBC says Q1 net profit more than doubles to $6.35 bn Asia-focused bank HSBC announced on Tuesday that net profits more than doubled to $6.35 billion (4.86 billion euros) in the first quarter, aided by tumbling bad debts and cost cutting. ... more | .. |
 ADB flags danger of Asia 'asset bubbles' Emerging Asia needs to be on guard against "asset bubbles" as central banks globally loosen monetary policy, the Asia Development Bank's managing director warned on Friday. ... more | .. |
 Outside View: Jobs growth rebounds in April but more trouble ahead The U.S. Labor Department announced the U.S. economy created 165,000 jobs in April, and the unemployment rate slipped a notch to 7.5 percent. That's better than March but hardly enough - getting unemployment down to 6 percent over the next three years would require 365,000 jobs a month and that isn't likely to happen. ... more |
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 Team Wins Cubesat Berth to Gather Earth Energy Imbalance Measurements Weather on the Outer Planets Only Goes So Deep Billion-year-old water could hold clues to life on Earth and Mars Activity Continues On the Sun NASA-Built Nanosatellite Launch Adapter System Ready For Flight Cassini Shapes First Global Topographic Map of Titan | .. |
 Outside View: Why unemployment remains a nagging problem The U.S. Labor Department is expected to report Friday the U.S. economy added 153,000 jobs in April - up from 88,000 in March - and unemployment is expected steady at 7.6 percent. This gain may prove short-lived and this pace is well below what is needed to get unemployment to acceptable levels. ... more | .. |
 China home prices rise in April: survey Chinese home prices picked up in April in their fifth consecutive monthly rise, an independent survey showed on Thursday. ... more | .. |
China manufacturing slows in April Manufacturing activity in China slowed slightly in April from the previous month, official data showed on Wednesday, in a sign of further weakness in the world's second-biggest economy. ... more | .. |
 Outside View: U.S. at risk of double-dip recession The U.S. Commerce Department reported that consumer spending advanced 0.2 percent in March - much weaker than the 0.3 percent and 0.7 percent registered in January and February. ... more |
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 Walker's World: Merkel almost alone A consensus is gathering pace in Europe against the controversial and painful austerity policies that are being driven by German Chancellor Angela Merkel. ... more | .. |
 Outside View: U.S. GDP comes in at 2.5 percent The U.S. Commerce Department reported gross domestic product grew at a 2.5 percent pace in the first quarter but don't break out the champagne. Several one-time factors contributed to this seemingly robust performance. ... more | .. |
Outside View: Deceptively strong GDP report expected Forecasters expect the U.S. Commerce Department to report Friday the U.S. economy grew a brisk 3.1 percent in the first quarter but don't break out the champagne. ... more | .. |
 NEC swings to annual net profit Japan's NEC cast off two straight years of losses Friday, reporting it had returned to the black after a painful restructuring including layoffs and a business overhaul. ... more |
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