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Economy News

RSS feedDisplaying articles 11 - 20 of most recent articles

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McDonald's to create 5,000 jobs in Britain McDonald's Corp said on Wednesday it would create over 5,000 jobs in Britain by the end of 2017, in a sign of its commitment to the country despite the challenging economic conditions. Industry surveys have suggested that Britain's vote to leave
Yahoo! News | 17 hours, 4 minutes ago | comment? | recommend
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South Africa's rand, stocks edge up as investors see U.S. rates unchanged South Africa's rand traded slightly firmer against the dollar on Wednesday as investors speculated that the Federal Reserve would signal low rates for longer in the United States, boosting demand for high-yielding emerging markets. Traders and analys
Yahoo! News | 17 hours, 54 minutes ago | comment? | recommend
U.S. economy likely grew 2.3 percent in second-quarter: Atlanta Fed The U.S. economy likely expanded at a 2.3 percent annualized rate in the second quarter following a weaker-than-expected report on domestic durable goods in June, the Atlanta Federal Reserve's GDPNow forecast model showed on Wednesday. The latest GDP esti
Yahoo! News | 19 hours, 1 minute ago | comment? | recommend
Factbox: New ministers in Indonesia's revamped cabinet JAKARTA (Reuters) - Indonesia's president on Wednesday appointed a new cabinet, aimed at increasing the effectiveness of his team and boosting growth in Southeast Asia's biggest economy. ...
Yahoo! News | 19 hours, 3 minutes ago | comment? | recommend
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EU abandons budget fines against Spain, Portugal The European Commission on Wednesday backed away from slapping fines on Spain and Portugal for running high deficits, avoiding what would have been a landmark move to impose tough budget rules. "Sanctions, even symbolic ones, would not have been unde
Yahoo! News | 19 hours, 31 minutes ago | comment? | recommend
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Iran sets presidential election for May 2017 Iran will hold its next presidential election in May 2017, state news agencies said on Wednesday, a vote in which moderate President Hassan Rouhani may seek a second term to push ahead with reforms resisted by powerful hardliners. The Guardian Council, a
Yahoo! News | 19 hours, 40 minutes ago | comment? | recommend
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StanChart names Jose Vinals as new Chairman after year-long search Standard Chartered has named former deputy governor of the Bank of Spain Jose Vinals as its new Chairman, ending a 16-month search for a new leader to continue a sweeping turnaround plan at the Asia-focused lender. Vinals will join the bank as Chairman de
Yahoo! News | 19 hours, 43 minutes ago | comment? | recommend
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Balancing act expected as divided Fed reviews US economy The Federal Reserve was not expected to change key interest rates on Wednesday at the conclusion of a closely watched two-day meeting on monetary policy. The Federal Open Market Committee, the Fed's policy board, has over the last eight months been J
Yahoo! News | 19 hours, 56 minutes ago | comment? | recommend
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From herdsmen to central bankers, southern Africa counts drought cost By Ed Stoddard SEKOMA, Botswana (Reuters) - Molefi Ramantele, a small-scale livestock farmer who ekes out a living in Botswana's arid scrubland, lost a third of his cattle in the drought that has scorched southern Africa. Farmers, game reserves and c
Yahoo! News | 20 hours, 53 minutes ago | comment? | recommend
UAE's Pacific Controls in bank talks about 1.4 billion dirhams debt By Tom Arnold, David French and Hadeel Al Sayegh DUBAI (Reuters) - Pacific Controls, a Dubai-based technology company, is in talks with banks about restructuring debts of 1.4 billion dirhams ($381 million), sources told Reuters, one of the largest firms t
Yahoo! News | 21 hours, 44 minutes ago | comment? | recommend