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Economy News

RSS feedDisplaying articles 21 - 30 of most recent articles

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Worrying eurozone inflation sags again to 0.3 pct FRANKFURT, Germany (AP) Inflation in the 18 countries that use the euro sank to 0.3 percent in August, a worrying sign of economic weakness that is putting pressure on the European Central Bank to take drastic steps to save a stalling recovery.
Yahoo! News | Aug 29, 2014 11:24 AM [GMT] | comment? | recommend
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Danish economy shrinks, exports weak: official data The Danish economy shrank by 0.3 percent in the second quarter, official data showed on Friday, casting doubt on the government's annual growth forecast as demand from European trading partners declined. Analysts had expected economic output to grow
Yahoo! News | Aug 29, 2014 10:55 AM [GMT] | comment? | recommend
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European stocks hold firm despite Ukraine tension European stocks edged higher on Friday, recovering ground lost the previous day on simmering Ukraine tensions, but London gains were tempered by a profits warning from beleaguered supermarket giant Tesco. In late morning deals, London's benchmark FTS
Yahoo! News | Aug 29, 2014 10:51 AM [GMT] | comment? | recommend
Ukraine in critical need of second IMF aid tranche: PM Ukrainian Prime Minister Arseny Yatseniuk urged the International Monetary Fund on Friday to release the next tranche of a $17 billion loan and bemoaned the heavy cost of fighting a pro-Russian rebellion in the east. Ukraine has complied with conditions f
Yahoo! News | Aug 29, 2014 10:34 AM [GMT] | comment? | recommend
New Turkish cabinet keeps key economic team in place ANKARA (Reuters) - Turkish Prime Minister Ahmet Davutoglu announced his new cabinet on Friday, keeping key members of the country's economic management team in place and appointing the man who has managed its affairs with Europe as foreign minister. Outgo
Yahoo! News | Aug 29, 2014 09:57 AM [GMT] | comment? | recommend
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Auchan reports profit drop on French price war, ruble fall Supermarket giant Auchan said that a price war in France pushed net profit down 11.5 percent in the first half, but that overall sales held up because of international performance. Sales in France, the group's main market, fell by 1.9 percent from th
Yahoo! News | Aug 29, 2014 09:55 AM [GMT] | comment? | recommend
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German economic fears growing but Merkel strong BERLIN (AP) Ordinary Germans are spooked about the future. Businesses are starting to see black clouds on the horizon. And an economy that has been the envy of Europe is showing cracks, shrinking unexpectedly last quarter amid the conflict in Ukraine.
Yahoo! News | Aug 29, 2014 09:29 AM [GMT] | comment? | recommend
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Russian fund with US advisers eludes sanctions WASHINGTON (AP) As President Barack Obama warns of stepped-up economic punishments against Russia for its military incursions inside Ukraine, U.S. sanctions have so far avoided one prominent financial institution: the $10 billion Russian Direct Investment
Yahoo! News | Aug 29, 2014 07:22 AM [GMT] | comment? | recommend
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Virgin Australia annual net loss triples Virgin Australia on Friday posted an annual net loss of Aus$355.6 million (US$332 million) as intense competition led by Qantas, weak consumer sentiment and high taxes hurt its bottom line. The country's second largest carrier also announced the sale
Yahoo! News | Aug 29, 2014 07:05 AM [GMT] | comment? | recommend
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Turkey's new cabinet unlikely to spell major policy shift By Gulsen Solaker ANKARA (Reuters) - Turkey's new Prime Minister, Ahmet Davutoglu, will announce his cabinet on Friday, a day after Tayyip Erdogan was sworn in as president, with the new government not expected to signal any major changes in policy d
Yahoo! News | Aug 29, 2014 06:53 AM [GMT] | comment? | recommend