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Posted: January 24th, 2012, 11:18pm EST
Japan reported its first annual trade deficit since 1980 as it imported expensive energy to offset shortfalls caused by the devastating tsunami and manufacturers shifted production overseas to avoid the damage inflicted by the strong yen.
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Posted: January 24th, 2012, 7:35pm EST
The International Labour Organisation said that German economic policy in the past two decades had harmed other European countries and contributed to the current eurozone debt crisis.
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Posted: January 24th, 2012, 10:48am EST
The IMF chopped its 2012 forecast for global growth to 3.3% from 4% just three months ago, saying the outlook had deteriorated in most regions.
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Posted: January 24th, 2012, 3:17am EST
The company said higher research and investment costs also reduced profit, as did delays in deliverying new high-speed trains to German rail operator Deutsche Bahn AG.
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Posted: January 24th, 2012, 1:56am EST
Industrial equipment maker Siemens AG says net profit fell 17% to £1.457 billion ($1.89 billion) as project delays held down profits and the uncertain global economy cut into order volume.
