ECONOMY & MARKETS

Manila's stock index nearly erases its year-to-date gains.

The upcoming G-8 summit in Ireland will focus on central bank policy, tax evasion and free trade.

The OECD said in some cases immigration costs 0.5% of GDP; in other cases it adds about the same, according to the report.

The decline by 12,000 to 334,000 in the latest week suggests that while hiring still is not robust, company layoffs are subsiding.

US retail sales rose more than analysts' projection.

Monthly foreclosure data show that U.S. foreclosures and bank repossessions rose in May, even amid a budding housing recovery.

The global party may be ending. Investors dump stocks on concern the U.S. will stop shoveling cheap money into the markets.

Shareholders of Fannie Mae and Freddie Mac, who have sued the U.S. government for $41.5 billion in damages, may not have the strongest case.

Helped by a statistical revision to its economy, Nigeria may have already overtaken South Africa as the region’s largest economy.

Persisting doubts about the Fed’s next move and disappointment over Shinzo Abe’s recent policies sent Asian stocks to fresh lows on Thursday.

The World Bank cut its growth outlook for 2013 and described the global economic recovery as "hesitant and uneven.”

A senior BoE official warned of a major bond bubble threat while the BoE said the consequences of raising rates too quickly would be severe.

While China's central government seems comfortable with a slowing national economy, local governments are spurring local growth with spending.

There was a $1.09 trillion fiscal deficit by the end of fiscal year 2012, when $2.44 trillion was raised and $3.5 trillion was spent.

Vietnam's incentives for foreign investors is putting it on the brink of surpassing China as a favorite offshore manufacturing hub.

In March 2012, the average private employer paid $1.41 hourly to offer workers’ health insurance. A year later it’s $2.26.

Falling exports from Southeast Asia, which fared better than the rest of the world in the financial crisis, could spell trouble for the region.

About 9.7 million homeowners are “underwater,” owing more than their properties are worth, the lowest rate since the housing crisis.

The Fitch credit agency upgraded India’s sovereign debt outlook back to ‘stable’ from ‘negative,’ about a year after its downgrade.

Analysts are projecting a 0.4 percent growth for total retail sales in May, the highest in last three months.

The UK’s economy may be starting off a strong recovery, with an encouraging boost from the latest series of economic indicators.

The European Union has intensified its fight against tax evasion within Europe, and will call for similar measures to be adopted globally.

Industrial production in the 17-nation euro zone increased for the third straight month in April, beating expectations.

In a market economy, labor mobility is a factor that mitigates the effect of economic shocks.

After a few years of growth, Argentina is facing its worst price crisis since the 1990s. Will its strategy bring back stability?

The recent drastic fall in the Indian rupee was arrested after the country’s central bank and its government stepped in.

MSCI has removed Greece from its index of developed markets after the country's markets shrunk and liquidity dried off.

Indian IT companies hope to pass on some of the benefits from a weak rupee to their clients, but worry immigration reform could hit business.

Kremlin-controlled OAO Gazprom said Greece's natural gas utility known as DEPA had some "serious problems."