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Economy News

RSS feedDisplaying articles 31 - 40 of most recent articles

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Oil dives in volatile trade Oil prices skidded sharply lower in volatile trade Thursday, pushing the US benchmark futures contract to a new five-year low amid concerns about ample global supplies. The key US WTI contract had edged higher at the opening of the session -- supported by
Yahoo! News | Dec 18, 2014 10:11 PM [GMT] | comment? | recommend
Obama signs Venezuela sanctions legislation WASHINGTON (Reuters) - President Barack Obama on Thursday signed legislation to impose sanctions on Venezuelan government officials found to have violated protesters' rights during demonstrations earlier this year. Congress had approved the measure last w
Yahoo! News | Dec 18, 2014 8:48 PM [GMT] | comment? | recommend
EU wants US embargo of Cuba to end but accepts will take time By Tom Miles GENEVA (Reuters) - The European Union, which once launched a lawsuit to try to break the U.S. economic embargo on Cuba, said on Thursday it still wanted the blockade lifted but it was prepared to wait. The United States and Cuba agreed on Wed
Yahoo! News | Dec 18, 2014 6:02 PM [GMT] | comment? | recommend
Pimco sees global growth ramping up in 2015, boosted by lower oil By Jennifer Ablan NEW YORK (Reuters) - Pacific Investment Management Co expects global growth to accelerate in 2015 to around 2.75 percent from around plus 2.5 percent this year, on expectations that supply-driven declines in oil prices were fundamentally
Yahoo! News | Dec 18, 2014 5:01 PM [GMT] | comment? | recommend
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Gauge of US economy rises 0.6 percent in November WASHINGTON (AP) An index designed to predict the future health of the economy posted a third straight solid gain in November.
Yahoo! News | Dec 18, 2014 3:54 PM [GMT] | comment? | recommend
Global stocks in 'Santa rally' after US Fed meeting Global stock markets surged in a "Santa Claus rally" on Thursday as dealers welcomed the outcome of the US Federal Reserve meeting which signalled an interest rate increase was not imminent. Oil prices also rose strongly after recent volatility,
Yahoo! News | Dec 18, 2014 3:37 PM [GMT] | comment? | recommend
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Rise of the car-sharing apps poses threat to auto sector By Atul Prakash and Sudip Kar-Gupta LONDON (Reuters) - The humble smartphone could throw a spanner in the works of the car sector's post-crisis turnaround, with the big manufacturers facing a long-term threat from apps that make it easier and cheaper
Yahoo! News | Dec 18, 2014 3:23 PM [GMT] | comment? | recommend
Putin: Sanctions, Falling Oil Prices Causing Ruble's Tumble In a year-end news conference, the Russian president said the worst-case scenario for his country's economy would involve two more years of unease.
NPR.org | Dec 18, 2014 3:17 PM [GMT] | comment? | recommend
Britain targets financial fraud with anti-corruption police unit By William James LONDON (Reuters) - Britain is to set up a specialist police unit focussed on corruption and bribery, aiming to bolster its defences against white-collar crime in the financial sector as part of a wider plan to stamp out fraudulent busines
Yahoo! News | Dec 18, 2014 3:01 PM [GMT] | comment? | recommend
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Putin says his grip on power is firm and economy will rebound President Vladimir Putin vowed on Thursday that Russia would rapidly recover from its financial crisis and said his grip on power was firm, even as new Western sanctions and a run on the ruble pile on the pressure. The Russian leader, who is locked in a c
Yahoo! News | Dec 18, 2014 2:59 PM [GMT] | comment? | recommend