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Economy News

RSS feedDisplaying articles 11 - 20 of most recent articles

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South Africa's main metals employer body accepts government proposal to end strike South Africa's main metals employer body has "reluctantly" accepted a government proposal to raise wages by up to 10 percent, it said on Tuesday, raising hopes of an end to a strike sapping the continent's most advanced economy. The St
Yahoo! News | 21 hours, 9 minutes ago | comment? | recommend
South Africa central bank indicator edges up 0.1 percent in May JOHANNESBURG (Reuters) - The central bank's monthly leading business cycle indicator crept up 0.1 percent in May, largely driven by increased job advertising space and a rise in residential building plans passed, a report showed on Tuesday. The South Afri
Yahoo! News | 23 hours, 11 minutes ago | comment? | recommend
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Talks to end South African engineering strike resume: union Wage talks between South African metal and engineering employers and the sector's main union will resume on Tuesday in an effort to end a strike that is sapping Africa's most advanced economy, a union spokesman said. More than 200,000 employees
Yahoo! News | Jul 22, 2014 07:03 AM [GMT] | comment? | recommend
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Japan cuts growth outlook as exports hit, imports rise Japan on Tuesday cut its fiscal year growth forecast for the world's number three economy, blaming weak exports and rising imports as well as the impact of April's sales tax hike on consumer spending and business confidence. The Cabinet Office s
Yahoo! News | Jul 22, 2014 06:26 AM [GMT] | comment? | recommend
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Eurozone debt rises sharply: Eurostat Eurozean public debt -- the accumulated total of government budget deficits and borrowing -- rose sharply earlier this year, reversing a downtrend when the economic crisis eased, official figures showed on Tuesday. The 28 European Union states are suppose
Yahoo! News | Jul 22, 2014 12:16 AM [GMT] | comment? | recommend
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Oil prices rise on geopolitical tensions Oil prices rose on Tuesday on geopolitical tensions fuelled by a warning of tougher sanctions against Russia and fierce fighting in Gaza, traders said. Brent North Sea crude for delivery in September climbed 64 cents to stand at $108.32 a barrel in London
Yahoo! News | Jul 22, 2014 12:02 AM [GMT] | comment? | recommend
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Panama eyes seven percent growth Panama's economy will grow by as much as seven percent this year, thanks in large part to revenue from its signature inter-oceanic canal, officials said Monday. The Central American nation's coffers get an injection of about $1 billion every yea
Yahoo! News | Jul 21, 2014 11:55 PM [GMT] | comment? | recommend
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Bank crisis further rattles Portugal economy Portuguese Economy Minister Antonio Pires de Lima admitted on Monday that a crisis engulfing the giant Banco Espirito Santo group could affect the country's recovery, but insisted Portugal's "upturn is stronger". "The crisis in th
Yahoo! News | Jul 21, 2014 11:05 PM [GMT] | comment? | recommend
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World stocks slide as pressure on Russia grows LONDON (AP) Global stock markets fell again on Monday as tensions grew between Russia and the West over the downing of an airliner in eastern Ukraine.
Yahoo! News | Jul 21, 2014 3:59 PM [GMT] | comment? | recommend
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West still struggles to cut feared bomb risk in Iran nuclear talks By Fredrik Dahl and Louis Charbonneau VIENNA (Reuters) - Major powers appear to have made only limited headway in making sure Iran will not be able to build an atomic bomb any time soon, underlining the uphill task they face after talks that began in Febr
Yahoo! News | Jul 21, 2014 1:59 PM [GMT] | comment? | recommend