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Economy News

RSS feedDisplaying articles 11 - 20 of most recent articles

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Switzerland dodges recession with 0.2% growth Switzerland's economy expanded by 0.2 percent in the second quarter of this year, the economic affairs ministry said Friday, allowing the country to dodge a recession. The meagre growth from the first quarter came after the Swiss economy contracted b
Yahoo! News | Aug 28, 2015 6:55 PM [GMT] | comment? | recommend
French Socialists see reason to hope with Greens in turmoil By Ingrid Melander LA ROCHELLE, France (Reuters) - French Socialists welcomed a decision by two senior Green lawmakers to split away and create a new movement to support them, saying on Friday it would strengthen the Left's hand in regional and presidenti
Yahoo! News | Aug 28, 2015 6:50 PM [GMT] | comment? | recommend
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Commodities slump on China crisis Many commodities faced a fierce sell-off earlier this week, rooted in demand fears arising from China's slowdown, but later rebounded in line with equities after surprisingly strong US growth data. World stock markets were hammered on Black Monday --
Yahoo! News | Aug 28, 2015 6:17 PM [GMT] | comment? | recommend
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Fed's Fischer: 'haven't made decision yet' on rate rise Federal Reserve Vice Chair Stanley Fischer said Friday that no decision had been made yet on raising interest rates at the US central bank's September 16-17 policy meeting. Fischer told CNBC television in an interview that while the US economy remain
Yahoo! News | Aug 28, 2015 5:12 PM [GMT] | comment? | recommend
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South African stocks end turbulent week over 2 percent higher South African stocks ended a volatile week, punctuated by fears about China-led global economic slowdown, with their biggest weekly gain in four months. The equity market kicked off the week with hefty losses, tracking similar drops elsewhere in the world
Yahoo! News | Aug 28, 2015 3:59 PM [GMT] | comment? | recommend
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U.S. economy seen growing 1.2 percent in third quarter: Atlanta Fed The U.S. economy is on track to grow 1.2 percent in the third quarter on data showing a decline in consumer spending on services in July, the Atlanta Federal Reserve's GDPNow forecast model showed on Friday. This was weaker than the regional Fed bank
Yahoo! News | Aug 28, 2015 3:29 PM [GMT] | comment? | recommend
Factbox: 30 U.S. senators now support Iran nuclear deal (Reuters) - Another U.S. Democratic senator said on Friday he would support the U.S.-led nuclear agreement with Iran, moving President Barack Obama a step closer to having sufficient backing to ensure the deal stands. Tom Carper backed the deal negotiated
Yahoo! News | Aug 28, 2015 3:27 PM [GMT] | comment? | recommend
Popular fears aside, businesses often eager for migrant workers By William Schomberg and Tom Bergin LONDON (Reuters) - Raghad al Sous braved bombings in Syria to keep studying at school before fleeing in 2013 to rejoin her mother, who had been granted refugee status in Britain. Two years after moving from Damascus to
Yahoo! News | Aug 28, 2015 2:05 PM [GMT] | comment? | recommend
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Nigerian stocks recover, led by banking and energy LAGOS (Reuters) - Nigerian stocks showed signs of recovery on Friday, gaining more than one percent after a strings of losses caused by falling oil prices and weakening growth in Africa's biggest economy. Nigeria's stock index, which has the sec
Yahoo! News | Aug 28, 2015 11:45 AM [GMT] | comment? | recommend
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Russia's Lukoil second quarter profits down 58% Russia's largest private oil firm Lukoil said Friday its profits had fallen 58 percent year-on-year in the second quarter. Lukoil said in a statement that its financial results had been affected by "a sharp decrease in hydrocarbon prices,"
Yahoo! News | Aug 28, 2015 11:36 AM [GMT] | comment? | recommend