Japan PM: Will pursue bold monetary policy, big fiscal spending

 Japanese Prime Minister Shinzo Abe reiterated on Monday his call for bold monetary easing by the central bank, big fiscal spending and an economic growth strategy as steps towards conquering deflation."Above all, the urgent task is to beat deflation," Abe told a meeting of officials from the government and ruling parties."A bold monetary policy, a flexible fiscal policy and a growth strategy...

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Google executive chairman heading to NKorea

BEIJING (AP) — The Google chairman wants a first-hand look at North Korea's economy and social media in his private visit Monday to the communist nation, his delegation said, despite misgivings in Washington over the timing of the trip.Eric Schmidt, executive chairman of one of the world's biggest Internet companies, is the highest-profile U.S. executive to visit North Korea — a country with notoriously...

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Global economy: U.S. and China leave feeble Europe in their wake

The economies of the United States, China and much of the developing world have decoupled from Europe, leaving it to wallow in various stages of recession and fiscal disarray.That is one reason why the key economic event of the coming week will be a European Central Bank meeting almost totally focused on how far policymakers will go to boost growth.Although there are some signs that a bottom may...

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Venezuelan VP says he has visited Chavez twice

CARACAS, Venezuela (AP) — Venezuela's vice president says he has visited ailing President Hugo Chavez twice in Cuba and plans to return home to Caracas.Vice President Nicolas Maduro says he spoke with Chavez during their visits. Maduro says the president has "the same strength as always," despite a health situation that he described as complex three weeks after his cancer surgery.Maduro says he will...

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Venezuelans on edge amid shifting news on Chavez

CARACAS, Venezuela (AP) — Supporters and opponents of President Hugo Chavez alike nervously welcomed the new year Tuesday, left on edge by shifting signals from the government about the Venezuelan leader's condition three weeks after cancer surgery in Cuba.With rumors swirling that Chavez had taken a turn for the worse, Vice President Nicolas Maduro said in a televised interview in Cuba that he had...

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Chavez's VP says ailing leader still 'delicate'

CARACAS, Venezuela (AP) — Venezuela's vice president is returning home Wednesday from a visit with Hugo Chavez in Cuba and says the ailing president's condition remains "delicate" three weeks after his cancer surgery.With rumors swirling that Chavez had taken a turn for the worse, Vice President Nicolas Maduro said Tuesday that he had met with the president twice and had spoken with him."He's totally...

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Fed's Plosser: U.S. unemployment to fall under 7 percent by end - 2013

SAN DIEGO (Reuters) - Philadelphia Federal Reserve President Charles Plosser said on Friday that he expected U.S. unemployment to decline to between 6.8 percent and 7.0 percent by the end of this year, helped by economic growth of around 3 percent in both 2013 and 2014.Plosser also told reporters on the sidelines of the annual meeting of the American Economic Association that he hoped the U.S. central...

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Italy PM Monti says not eyeing role of finance minister in next government

ROME (Reuters) - Outgoing Italian Prime Minister Mario Monti said on Friday he was aiming to lead the next government and he was unlikely to agree to be economy minister in another premier's cabinet after February elections."I do not think I would have the motivation to commit myself to serve a government that did not agree with me on at least 98 percent of policy," he said when asked whether he...

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Fed's Plosser: U.S. potential growth rate has likely been lowered

SAN DIEGO (Reuters) - Philadelphia Federal Reserve President Charles Plosser said on Friday that the United States had likely suffered a lasting decline in the trend potential growth rate of its economy as a result of the severe 2007-2009 U.S. recession."It certainly looks like we've had a permanent shock," he told a panel discussion on the real business cycle during the annual meeting of the American...

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Britain extradites al Qaeda suspect to U.S

LONDON (Reuters) - A Pakistani man accused by British authorities of being an al Qaeda operative who took part in a plot to bomb U.S. and English targets was extradited from Britain to the United States on Thursday to face terrorism charges.Abid Naseer, 26, was one of a dozen men arrested in April 2009 on suspicion of preparing to cause mass casualties by bombing Manchester city centre in northern...

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