News about economy

Twitter to hit Wall Street with hefty price tag

Twitter will make its Wall Street debut Thursday with a price tag of $26 per share, bidding to raise up to $2.1 billion in the most eagerly awaited stock offering since Facebook.
08 November 2013 10:00

Taiwan signs free trade deal with Singapore

Taiwan signed a free trade deal with Singapore on Thursday, its first with a Southeast Asian country, as the diplomatically isolated island steps up efforts to join regional economic blocs.
07 November 2013 18:00

Millions of Americans see food stamp cuts

The US Congress on Friday allowed an estimated $5 billion cut to a federal food stamps program to take effect, slashing the social safety net for the poor, elderly and disabled.
03 November 2013 12:16

China manufacturing index hits 18-month high: govt

Chinese manufacturing grew at its strongest pace in 18 months in October, figures showed Friday, but government and independent analysts warned underlying data suggest economic weaknesses remain.
01 November 2013 14:49

Sandy clean-up 'enormous' one year on

A year after Hurricane Sandy, the United States still faces an enormous task to repair $60 billion worth of damage and improve resiliency before the next cyclone.
27 October 2013 12:00

Japan gives muted welcome to US debt fix

Japan's finance minister on Friday gave a muted welcome to the US debt deal, but hinted at the need for a more permanent solution to the warring in Washington.
18 October 2013 14:36

Congress pulls US back from brink, averts default

The United States was spared the ignominy of a disastrous debt default Wednesday when Congress passed a bill extending the nation's borrowing authority and ending a two-week government shutdown.
17 October 2013 10:24

Political chaos pushes US up against debt deadline

A day of political disarray Tuesday pushed America to within hours of a debt default deadline, but two veteran senators chased a last-gasp deal to stave off a sudden shock to the global economy.
16 October 2013 10:43

US to reopen Statue of Liberty, Grand Canyon

US national parks and monuments including the Statue of Liberty and the Grand Canyon are to reopen despite the federal shutdown, after states agreed to fund them temporarily.
13 October 2013 14:19

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