News about economy

Greece may need new bailout of 10bn euros Greek Finance Minister Yannis Stournaras said that if Greece required a new bailout in 2014, it would be a "much smaller" package of around 10 billion euros with no austerity conditions attached.
26 August 2013 13:18
Global manufacturing data helps Asia markets rebound Asian markets firmed on Friday as a slew of upbeat manufacturing data from around the globe overshadowed concerns about the US Federal Reserve's plans for its stimulus programme.
23 August 2013 12:57
China manufacturing rebounds: HSBC A closely watched indicator of Chinese manufacturing turned positive for the first time in four months in August, HSBC said Thursday, in a sign of renewed strength in the world's second-largest economy.
22 August 2013 13:36
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 15:17
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 15:37
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 11:06
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 11:23
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 17:51
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 14:30
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 17:54
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 11:06
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 10:34
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 12:59
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 19:04
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 10:37
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 16:38
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 18:57
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 17:36
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 17:22
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 11:44
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