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Economy News

RSS feedDisplaying articles 31 - 40 of most recent articles

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Puerto Rico officials warn government shutdown imminent By Edward Krudy NEW YORK (Reuters) - Puerto Rico's top finance officials said the government of the U.S. territory will likely shutdown in three months because of a looming liquidity crisis and warned of a devastating impact on the island's econ
Yahoo! News | Apr 23, 2015 07:20 AM [GMT] | comment? | recommend
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Eurozone recovery 'is there' says ECB board member Economic recovery has arrived in the 19 countries that share the euro, but it is up to governments to ensure it endures, European Central Bank executive board member Benoit Coeure said Thursday. To help get the economy back on its feet, the ECB launched a
Yahoo! News | Apr 23, 2015 07:03 AM [GMT] | comment? | recommend
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China opens bank card clearing sector to foreign firms China has announced plans that will allow giants such as Visa and MasterCard to set up credit card clearing services in the country, breaking the monopoly in a multi-trillion-dollar market foreign firms have been trying to tap for decades. In its latest m
Yahoo! News | Apr 23, 2015 06:51 AM [GMT] | comment? | recommend
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Asian stocks higher as China PMI lifts Hong Kong, Shanghai Asian markets mostly rose Thursday, with another weak reading on Chinese manufacturing lifting Hong Kong and Shanghai on hopes for further stimulus while a weaker yen provided a boost to Japanese exporters. Tokyo climbed 0.34 percent by lunch, Hong Kong a
Yahoo! News | Apr 23, 2015 03:19 AM [GMT] | comment? | recommend
Survey: China factory activity slips again to 1-year low HONG KONG (AP) China's manufacturing deteriorated again in April to its lowest point in a year, in a fresh sign that growth is faltering in the world's second biggest economy.
Yahoo! News | Apr 23, 2015 03:08 AM [GMT] | comment? | recommend
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China manufacturing gauge at 12-month low: HSBC An index of China's manufacturing activity fell to a 12-month low in April, HSBC said Thursday, indicating further weakness as growth sputters in the world's second-largest economy. The reading was also below the median estimate of 49.6 in a Blo
Yahoo! News | Apr 23, 2015 03:06 AM [GMT] | comment? | recommend
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South Korea's economy perks up in first quarter South Korea's economy picked up momentum in the first quarter due to increased construction and consumer spending, the central bank said Thursday. The economy grew 0.8 percent on-quarter in the January-March period, up from a revised 0.3 percent grow
Yahoo! News | Apr 23, 2015 12:47 AM [GMT] | comment? | recommend
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Ocean output rivals big nations' GDP, but resources eroding By Alister Doyle OSLO (Reuters) - Economic output by the world's oceans is worth $2.5 trillion a year, rivaling nations such as Britain or Brazil, but marine wealth is sinking fast because of over-fishing, pollution and climate change, a study said o
Yahoo! News | Apr 22, 2015 10:05 PM [GMT] | comment? | recommend
Closing Arguments Begin In AIG Bailout Case Closing arguments begin Wednesday in the American International Group bailout case. AIG shareholders claim the government overstepped its authority when it seized the company in a financial rescue. | Apr 22, 2015 8:27 PM [GMT] | comment? | recommend
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Populist Conservative budget puts Canada's Liberals in election squeeze By Leah Schnurr and Randall Palmer OTTAWA (Reuters) - Canadian Prime Minister Stephen Harper, facing a battle to win reelection to a rare fourth term in October, has boosted his chances with a populist budget expected to energize his base. The tax breaks
Yahoo! News | Apr 22, 2015 5:19 PM [GMT] | comment? | recommend