News about economy

Olympics: Most Britons say Games worth the cost - poll

Most Britons believe the London Olympics have delivered good value for money, according to a poll published Saturday, as the hosts revel in Britain's best performance at the Games for more than a century.
12 August 2012 15:32

Japan lawmakers to approve long-awaited tax hike

An unpopular bill to double Japan's sales tax and partially plug its gaping debt hole is set to be passed by lawmakers Friday in a triumph for the prime minister that could also herald the end of his job.
11 August 2012 10:41

S&P cuts Greek outlook to 'negative'

Standard & Poor's cut Greece's debt rating outlook to negative Tuesday, saying the worsening economy and political challenges could soon force another downgrade.
08 August 2012 14:22

Greece and the Olympics: wishing for a ray of hope

Eight years after hosting the Olympic Games in the country where they were born, Greeks seem more interested in finding out if there will be light at the end of their dismal economic tunnel.
07 August 2012 16:39

Turkish economic miracle woos German businesses

As Europe battles its never-ending debt crisis, Turkey, with its flourishing economy, is increasingly attracting the attention of German companies, as well as German-born Turks in search of a job.
07 August 2012 14:36

'This is war': Iran feels impact of sanctions

Iran is being hit by a "war" on its economy, according to officials facing tightened US sanctions and renewed Israeli threats of imminent military action over Tehran's nuclear activities.
05 August 2012 13:05

Euro stays weak in Asia after ECB disappointment

The euro stayed bearish against other currencies in Asia trade Friday after taking a hit from the European Central Bank's announcement of no immediate measures to fight the debt crisis.
03 August 2012 18:38

Asian markets rise again on stimulus hopes

Asian markets were generally higher Tuesday, their third consecutive positive session, amid continued hopes for new stimulus measures by European and US central banks.
31 July 2012 14:04

US drought woes deepen

The drought in America's breadbasket is intensifying at an unprecedented rate, experts warned Thursday, driving concern food prices could soar if crops in the world's key producer are decimated.
28 July 2012 10:32

Australian gas rush set to overhaul Qatar's lead

Australia is set to become the world's biggest liquefied natural gas producer, with analysts predicting it will overtake Qatar by 2020 as it unlocks reserves that could last more than a century.
25 July 2012 13:58

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