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Economy News

RSS feedDisplaying articles 31 - 40 of most recent articles

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China approves three private banks China has approved the setting up of three private banks, including one by Internet giant Tencent, the industry regulator said Friday, in a long-awaited economic reform aimed at bringing competition to state banking giants. Previously, China had just two
Yahoo! News | Jul 25, 2014 1:15 PM [GMT] | comment? | recommend
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Overgrown Beijing slaps new limits on industry in bid to cut smog China's overgrown and smog-hit capital Beijing has passed new rules banning the expansion of polluting and resource-intensive industries, the local government said on Friday. In a list of restrictions published on its website (, th
Yahoo! News | Jul 25, 2014 12:36 PM [GMT] | comment? | recommend
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EU reaches preliminary deal on Russia economic sanctions By Adrian Croft and Barbara Lewis BRUSSELS (Reuters) - European Union ambassadors reached a preliminary agreement on Friday to push ahead with hard-hitting economic sanctions against Russia over the Ukraine crisis but details remained to be worked out, di
Yahoo! News | Jul 25, 2014 11:53 AM [GMT] | comment? | recommend
German business confidence drops for 3rd month BERLIN (AP) German business confidence fell for a third consecutive month amid ongoing concerns about the economic impact of the crises in Ukraine and the Middle East, though consumer confidence in Europe's largest economy remained robust, surveys showed
Yahoo! News | Jul 25, 2014 10:21 AM [GMT] | comment? | recommend
UK economy grows 0.8 pct to reach pre-crisis size LONDON (AP) Official figures show Britain's economy has surpassed its pre-recession size for the first time since the 2008 global banking crisis.
Yahoo! News | Jul 25, 2014 10:05 AM [GMT] | comment? | recommend
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World markets drift ahead of US data next week MUMBAI, India (AP) European stock markets were down Friday, while Asian markets took cheer from U.S. unemployment claims falling to an eight-year low. Traders were generally cautious at the end of the week, taking a wait-and-see attitude before another se
Yahoo! News | Jul 25, 2014 09:19 AM [GMT] | comment? | recommend
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UK economy recovers output lost to crisis, grows +0.8 percent in second quarter Britains economy is finally bigger than it was before the financial crisis struck six years ago, official data showed on Friday. Britains economy largely flat-lined after a 2008-09 recession. The ONS said on Friday that the countrys dominant services sect
Yahoo! News | Jul 25, 2014 09:11 AM [GMT] | comment? | recommend
All Of The Major U.S. Airlines Report Strong 2nd-Quarter Earnings For the first time in years, all of the major U.S. airlines are doing well. American Airlines Group said its second-quarter profits were the highest in the company's history. American only recently exited bankruptcy protection, so the results represent an | Jul 25, 2014 08:58 AM [GMT] | comment? | recommend
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South African to continue support economy: governor PRETORIA (Reuters) - The South African central bank will continue to support the economy through difficult times by focusing on price and financial stability, its governor said on Friday. Gill Marcus also said emerging markets faced a difficult year of de
Yahoo! News | Jul 25, 2014 08:12 AM [GMT] | comment? | recommend
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South Africa's NUMSA union continues metals strike: sources By Wendell Roelf CAPE TOWN (Reuters) - South Africa's NUMSA manufacturing union will continue a three-week strike after its regional branches accepted a wage offer from employers but rejected conditions relating to future pay negotiations, two union
Yahoo! News | Jul 25, 2014 08:00 AM [GMT] | comment? | recommend