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Economy News

RSS feedDisplaying articles 11 - 20 of most recent articles

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Bank of England freezes interest rate The Bank of England said Thursday it voted to keep its main interest rate at 0.5 percent against a backdrop of zero inflation in Britain. The central bank's Monetary Policy Committee (MPC) maintained its key interest rate at the record-low it has bee
Yahoo! News | 8 hours, 45 minutes ago | comment? | recommend
Protesters scuffle with police in Iraq's Kurdistan region Protesters hurled stones and scuffled with riot police in the second largest city in Iraq's Kurdish north on Thursday, in the most intense show of discontent since an economic crisis hit the region. Teachers, hospital workers and other public sector emplo
Yahoo! News | 9 hours, 48 minutes ago | comment? | recommend
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Big Cisco bet on France offers relief from Air France fiasco Still reeling from front page images of shirtless Air France executives fleeing angry workers, the French government got a welcome boost on Thursday for its campaign to attract foreign investment from U.S. tech group Cisco. Enthusing about how France woul
Yahoo! News | 10 hours, 1 minute ago | comment? | recommend
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TSX rally stalls as sentiment cautious; Fed in focus Global stocks shied away from three-week highs following unexpectedly weak economic data from Germany and Japan that added to anxiety about global economic growth. At 10:38 a.m. ET (1438 GMT), the Toronto Stock Exchange's S&P/TSX composite index
Yahoo! News | 10 hours, 26 minutes ago | comment? | recommend
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Zimbabwe's Econet cuts 100 jobs, cites declining revenue Zimbabwe's largest mobile operator Econet Wireless said on Thursday it would immediately cut 100 jobs, citing a decline in revenue after the national telecoms regulator reduced tariffs charged by operators in January. Econet reported a one percent fa
Yahoo! News | 11 hours, 12 minutes ago | comment? | recommend
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Burundi's economy to shrink by 7.2 pct in 2015: IMF Burundi's economic output is expected to shrink by 7.2 percent this year after 4.7 percent growth in 2014, but expand again by 5.2 percent in 2016, the International Monetary Fund said. Opponents said another five-year term, which he began in August,
Yahoo! News | 12 hours, 21 minutes ago | comment? | recommend
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Alibaba's Ma says concerns about China consumption overdone (Reuters) - Alibaba Group Holding Ltd Chairman Jack Ma said he doesn't think consumption will decline in China as the economy slows, terming such concerns an "overreaction." "We predict that over 50 percent of China's consumption
Yahoo! News | 12 hours, 22 minutes ago | comment? | recommend
Bank of England keeps interest rates unchanged LONDON (AP) The Bank of England has kept its main interest rate at a record-low 0.5 percent as policymakers remained wary about global economic uncertainty.
Yahoo! News | 13 hours, 55 minutes ago | comment? | recommend
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European stocks push on before central bank updates Europe's leading stock markets mostly forced their way higher Thursday after a negative start, as investors awaited direction on the outlook for global interest rates. The day ahead sees both the US Federal Reserve and the European Central Bank relea
Yahoo! News | 14 hours, 19 minutes ago | comment? | recommend
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Most major economies weakening, eurozone stable: OECD Growth seems to be easing off in most of the world's major economies, including the United States and more notably in China, the Paris-based Organisation for Economic Co-operation and Development said on Thursday. The OECD said its monthly leading in
Yahoo! News | 15 hours, 26 minutes ago | comment? | recommend