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Economy News

RSS feedDisplaying articles 41 - 50 of most recent articles

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Stocks rise to wrap up a strong week as banks move higher NEW YORK (AP) Stocks rose Friday to wrap up their strongest week in almost three months. Banks gained ground after Federal Reserve Chair Janet Yellen said the central bank intends to keep raising interest rates provided the economy continues to improve.
Yahoo! News | May 27, 2016 8:51 PM [GMT] | comment? | recommend
North Korea Linked To Cyber Attacks On Asian Banks Cybersecurity researchers are linking a recent spate of attacks against Asian banks to North Korea. The digital security firm Symantec says the recent breaches in Asia have identical lines of malicious software deployed in the high profile attack against | May 27, 2016 8:31 PM [GMT] | comment? | recommend
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Argentine president proposes amnesty for tax dodgers Argentine President Mauricio Macri, who has been swept up in the Panama Papers controversy over offshore assets, announced plans Friday to grant amnesty to those who repatriate undeclared funds from overseas. The conservative president, who has launched s
Yahoo! News | May 27, 2016 6:49 PM [GMT] | comment? | recommend
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UK lawmakers say both sides of Brexit debate make bogus claims By Huw Jones LONDON (Reuters) - Both sides in campaigning for Britain's European Union referendum should call an "amnesty" after making a string of misleading and bogus claims, a group of lawmakers said on Friday. Parliament's Treasury
Yahoo! News | May 27, 2016 3:42 PM [GMT] | comment? | recommend
U.S. economy seen growing 2.2 percent in second quarter: N.Y. Fed NEW YORK (Reuters) - U.S. economy is on track to grow by a 2.2 percent annualized rate in the second quarter following the latest data on durable goods orders and new single-family home sales, New York Federal Reserve's forecast model showed on Friday. Th
Yahoo! News | May 27, 2016 3:33 PM [GMT] | comment? | recommend
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US consumer sentiment up in May to highest in nearly a year WASHINGTON (AP) Americans turned more optimistic about the economy in May than the previous month, buoyed by steady hiring and higher incomes.
Yahoo! News | May 27, 2016 3:14 PM [GMT] | comment? | recommend
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South Africa to review spending on luxury vehicles for Zuma's wives South African President Jacob Zuma on Friday ordered a review of spending on cars for his four wives following a public outcry when the government said it cost 8.6 million rand ($554,000) to buy the vehicles over a three-year period. It was not immediatel
Yahoo! News | May 27, 2016 2:25 PM [GMT] | comment? | recommend
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Moody's lowers outlook for South African banks to negative Ratings agency Moody's on Friday lowered its outlook for the South African banking system to negative from stable, citing deteriorating operating conditions over the next 18 months, sending shares across the sector lower. Africa's most advanced
Yahoo! News | May 27, 2016 2:17 PM [GMT] | comment? | recommend
Central African Republic GDP to grow by 5 pct in 2016: IMF BANGUI (Reuters) - Central African Republic's economy is expected to grow by 5 percent in 2016 and increast to 5.7 percent by 2021 as it seeks to rebuild following years of crippling inter-religious conflict, the International Monetary Fund (IMF) said on
Yahoo! News | May 27, 2016 1:36 PM [GMT] | comment? | recommend
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US economic growth in Q1 revised up to 0.8 percent rate WASHINGTON (AP) The U.S. economy's slowdown in growth at the beginning of the year wasn't quite as bad as first thought, thanks to a bigger boost from housing and less drag from business investment and trade.
Yahoo! News | May 27, 2016 1:16 PM [GMT] | comment? | recommend