site.news_by_theme economy
Cisco to cut 4,000 jobs
Information technology giant Cisco announced Wednesday that it will cut 4,000 jobs, equal to five percent of its workforce.
15 August 2013
Analysts see return to growth in eurozone
Figures due Wednesday are expected to show the eurozone finally edging out of a record 18-month recession which has cost millions of jobs and tested the single currency bloc to near breaking point.
13 August 2013
Mexico proposes opening oil sector to foreign firms
Mexico's President Enrique Pena Nieto proposed sweeping reforms of the country's oil sector Monday that would allow foreign energy firms back into the industry 75 years after being thrown out.
13 August 2013
China industrial data helps oil rebound
Oil prices charged back Friday after falling for five straight sessions, helped by stronger-than-expected numbers on Chinese industrial output in July.
11 August 2013
Obama: Greece needs policies focused on growth and jobs
US President Barack Obama called Thursday for more growth-oriented policies in Greece, saying the austerity has not been adequate to revive the country's battered economy.
09 August 2013
Some mothers get meaner in bad economic times: US study
Mothers with a certain gene got meaner when the economy took a dive in 2007-2009, whether or not their own purses were shorter on cash.
06 August 2013
US stocks see modest gains after busy week
A jam-packed week of economic data and corporate earnings amounted to only modest movement in US equities, as stocks closed out a hectic week of news Friday only somewhat higher.
03 August 2013
Bank of America may face civil charges over financial crisis
Bank of America may face civil charges over its actions during the financial crisis related to its mortgage products.
03 August 2013
Old newspaper era is over, Obama says via Kindle
President Barack Obama acknowledged the problems facing the US newspaper industry, ironically in an interview that was distributed via online retail giant Amazon's Kindle e-reader.
02 August 2013
Oil slips after China orders industrial capacity cuts
World oil prices slipped on Friday after China ordered industrial production capacity cuts in the face of slowing economic growth.
27 July 2013
A year on, Olympics yet to solve East London's problems
A year after hosting the Olympics, London is trumpeting the economic benefits of the Games. But residents living near the Olympic Park are still waiting for the promised benefits as rents soar.
26 July 2013
Debt, shadow finance bedevil China's economy
Decades of breakneck expansion have given China gleaming skyscrapers and sleek railways, but brought piles of debt.
26 July 2013
US still up for warming Venezuela ties after fresh row
The United States said Wednesday it is still open to improving ties with Venezuela after Caracas called off the rapprochement.
25 July 2013
Biden in Mumbai to boost US-India trade ties
US Vice President Joe Biden is expected Wednesday to urge India to further open its doors to foreign investment, during his visit to boost bilateral ties between the world's two largest democracies.
24 July 2013
Obama kicks off economy tour as new fiscal fight looms
US President Barack Obama hits the road this week to drum up support for his economic program as rival Republicans warn of a new showdown over the government's debt ceiling.
24 July 2013
Obama pledges 'bold' ideas to help US middle class
President Barack Obama on Monday pledged to unveil "bold" ideas to help America's struggling middle class as part of a fresh offensive to boost the economy.
23 July 2013
Kazakhstan retains GDP growth at 5.1%
The economy growth is driven by the growing consumer spending: the country’s retail turnover has grown by 12.3% since the start of the year: Economic Affairs Minister.
23 July 2013
Global poll sees China rising, but high marks for US
The world increasingly believes China will become the top superpower but the United States enjoys a better image in most regions.
19 July 2013
Bernanke: Fed will not raise rates in forseeable future
Federal Reserve Chairman Ben Bernanke reiterated Wednesday that the Fed is nowhere close to raising interest rates, assuring markets that the US easy money tap would not soon dry up.
18 July 2013
Hopes fade for revival of joint Korean industrial zone
North and South Korea will hold fresh talks on reopening their joint industrial zone with low hopes of an early agreement following months of friction.
17 July 2013