Greek parliament approves debt deal by large majority Greek parliament approved early Monday a new austerity deal for a second bailout loans from EU and International Monetary Fund creditors to avoid a full-scale default next month. Japan economy contracts annualized 2.3% in Q4 of 2011 Japan's economy contracted an annualized real 2.3 percent in the three months starting in October, marking the first fall in two quarters, the government said Monday. S&P downgrades Egypt's credit ratings Standard and Poor's (S&P) downgraded on Friday the long-term rating on Egypt from B+ to B due to sharp decline of foreign exchange reserves and political uncertainties. • U.S. federal budget deficit drops to 27.4 billion dollars in January • Singapore's near-term economic outlook "clouded by uncertainty": IMF • U.S. jobless claims hit near 4-year low • IMF negative on Hungary growth prospects • UK central bank to pour further 50 billion British pounds into economy More

Asia needs to harmonize monetary and macro-prudential policies: BOK governor Asian central banks need to harmonize monetary and macro-prudential policies in a bid to better respond to a change in global economic conditions after the 2008 global financial crisis, the South Korean central banker said Monday. News Analysis: China’s trade slumps in January, faces grim export outlook China’s imports and exports fell in January from a year earlier as week-long holiday skewed the data amid weak global demand and a slowing domestic economy. China’s January new loans under estimates China's new yuan-denominated lending hit 738.1 billion yuan (117.28 billion U.S. dollars) in January, witnessing a year-on-year decline of 288.2 billion yuan and falling far short of market expectations.

Video  >> Greek cabinet approves new austerity measures CPI figures around the world China to release January CPI Greece finalize draft debt measures

Biz China Weekly  >> Macro-economy | Industries | Companies Trade | In-depth | Financials | Markets Feb. 6 - Feb. 12 China's imports and exports fell in January from a year earlier as week-long holiday skewed the data amid weak global demand and a slowing domestic economy.

Special Reports  >> China's Economic Figures in November, 2011 China's Economic Figures in October China's Economic Figures in Q3 August sees property prices fall in China

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