Email
Password
Remember meForgot password?
    Log in with Twitter

Economy News

Kyrgyzstan refuses $100 million Kazakhstan aid amid growing tensions

Bichkek - Kyrgyzstan's President Almazbek Atambayev signed a parliamentary resolution on Thursday to refuse $100 million in aid from oil-rich neighbour Kazakhstan amid an escalating spat between the two Central Asian countries.

PDVSA, Venezuela's oil gem far from its golden age

Caracas - A pillar of Venezuela's economy, PDVSA was in its heyday one of the five top oil companies on the planet.

Venezuela payments could alter default grade; not outlook: S&P analyst

Washington - If the crisis-stricken Venezuelan government manages to scrape together funds to make payments on its delinquent bonds, that would change the default designation but not the nation's prospects, a top ratings agency told AFP on Wednesday.

'Pink dollar' boost to Australia economy after gay marriage vote

Sydney - Australia's historic move toward legalising same-sex marriage could bring businesses a massive windfall of "pink dollars" as tens of thousands of gay couples tie the knot, economists said Wednesday.

S.Africa craft beers brew up a challenge to old order

Johanesburg - "We've got plans to export to the United States," grinned Luca Tooley who co-owns the Zwakala craft brewery in South Africa's northeastern Limpopo province.

France's Macron seeks to reboot the suburbs

Tourcoing - Emmanuel Macron set out a raft of policies Tuesday to fight poverty and religious extremism in downtrodden French neighbourhoods in a riposte to critics who have labelled him a "president of the rich".

Venezuela 'selective default' declared, govt insists it is paying up

Caracas - Venezuela and the jewel of its petroleum-dependent economy, state oil company PDVSA, were declared in partial default by ratings agencies Tuesday, but the government insisted it was in the process of paying up.

Myanmar Rohingya exodus leaves ghostland behind

Torched villages and unharvested paddy fields stretch to the horizon in Myanmar's violence-gutted Rakhine state, where a dwindling number of Muslim Rohingya remain trapped in limbo after an army crackdown coursed through the region.

Venezuelan officials arrested for graft in state oil company

Caracas - Venezuelan police have arrested a deputy minister and nine officials from state oil company PDVSA for allegedly doctoring crude production figures, the state prosecutor's office said Monday.

Greek PM announces welfare handouts of 1.4bn euros

Atenas - Greece will plough 1.4 billion euros of its fiscal surplus into welfare handouts, Prime Minister Alexis Tsipras said late Monday, as the country emerges from an austerity programme imposed by creditors.The Greek economy is expected to grow 2.

No headway in Venezuela debt talks

Caracas - Venezuela hosted a brief meeting of creditors on Monday as the struggling yet oil-rich country sought to stave off a default seen as inevitable by experts, while the EU stepped up the pressure with new sanctions on Caracas.

Georgia PM reshuffles cabinet

Tbili - Georgian Prime Minister Giorgi Kvirikashvili on Monday announced a cabinet reshuffle and merger of several ministries in a bid to reduce red tape and the cost of running the government.

Venezuela's day of reckoning?

Caracas - Monday looks like crunch day for Venezuela, with a planned Caracas meeting for creditors to discuss debt restructuring, a New York bondholders' meeting that could lead to a default announcement, and new EU sanctions.

Venezuela's day of reckoning?

Caracas - Monday looks like crunch day for Venezuela, with a planned Caracas meeting for creditors to discuss debt restructuring, a New York bondholders' meeting that could lead to a default announcement, and new EU sanctions.

Maduro says Venezuela will 'never' default on its massive debt

Caracas - Venezuelan President Nicolas Maduro insisted on Sunday that his cash-strapped country would "never" default, as he prepared to meet with creditors in Caracas to discuss rescheduling part of the country's massive $150 billion debt.

Dubai property giant Emaar profits surge on high sales

Dibai - Dubai construction giant Emaar Properties posted a sharp rise in third quarter profits Sunday as residential sales in the glitzy emirate gathered steam.

Venezuela's misery could worsen with debt default

Caracas - Luber Faneitte has lung cancer but there's no medicine to treat it. She cannot make ends meet. Crime is rampant in her neighborhood.And she fears that if Venezuela defaults on its $150 billion debt, which is considered likely, things will get worse.

EU sees 'limited' impact of Catalonia crisis on economy

Brussels - The independence crisis in Catalonia has only made a very limited impact on the Spanish economy, EU economics commissioner Pierre Moscovici said Thursday.

EU agrees to reform world's largest carbon market

Brussels - The EU struck a deal Thursday to overhaul Europe's emissions trading scheme after 2021, hailing it as a key step toward meeting its commitments under the Paris climate agreement.

Venezuela teeters on brink of default

Caracas - Longstanding fears of a Venezuela debt default crystallized Wednesday, as the political crisis engulfing the sinking OPEC state deepened with a meeting set at the UN Security Council and the EU eyeing an arms embargo.

US slams World Bank lending to rich countries like China

Washington - World Bank lending to countries like China that are rich enough to finance their own development hurts poor countries that need help, a senior US Treasury official said Wednesday.

In rural Arkansas, Trump's base stand by their man

Clinton - For rancher Dan Eoff, who raises cattle on his property in rural Arkansas, President Donald Trump's efforts to loosen environmental regulations are a weight off his shoulders.

China's trade surplus with US eases as Trump visits

Bejing - China's trade surplus with the United States eased slightly in October but still remains elevated, official data showed Wednesday, as President Donald Trump arrived in Beijing for what are expected to be thorny economic talks.

Lifeline trails restored to Nepal's quake-hit villages

Dang - As the dust settled from Nepal's massive earthquake, a fresh humanitarian crisis was just beginning: supply lines to remote communities had been destroyed, and villagers were starving.

Britain frozen out as EU finance chiefs plot future

Brussels - European Union finance ministers meet without Britain in Brussels on Monday to try to iron out their differences on plans to reform the euro in the wake of the shock Brexit vote.

Argentina's Macri to honor truck attack victims in NY

Buenos Aires - Argentine President Mauricio Macri is set to travel to New York to pay tribute to the victims of the bike path truck attack and seek investments, his office said Saturday.

Stalked by default fears, Venezuela calls creditor meeting

Caracas - Venezuela on Friday called foreign creditors to a November 13 meeting in Caracas aiming to restructure its estimated $150 billion debt, as credit-rating agencies dealt the crisis-stricken country another blow with double downgrades.

Venezuela sets meeting with creditors for November 13: official

Caracas - Venezuela has called its foreign creditors to a meeting November 13 in Caracas in an effort to restructure its estimated at $150 billion debt, Vice President Tareck el Aissami said Friday.

Jerome Powell, Trump's multi-millionaire pick for Fed chief

Washington - Jerome "Jay" Powell, the Republican former investment banker tapped by President Donald Trump to replace Janet Yellen at the helm of the US Federal Reserve, could be the richest person to ever fill the role.

Trump taps Jerome Powell to lead US Federal Reserve

Washington - President Donald Trump on Thursday nominated Federal Reserve Governor Jerome "Jay" Powell to lead the US central bank, saying the former investment banker has the wisdom and intelligence to guide the world's largest economy.
  1 2 3 4 5 6 ... 118 Next»

Set up a news alert for

Economy


Economy Image

Sen. Hatch  left  enjoys some Ogden chili.
Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
Hawaii: APEC 2011
Hawaii: APEC 2011
APEC
Backus  Schoenholtz  Coronado  and Reinhart at the Economic Outlook Forum at NYU Stern on September ...
Backus, Schoenholtz, Coronado, and Reinhart at the Economic Outlook Forum at NYU Stern on September 3, 2014
US GDP  2010 to 2012
US GDP 2010 to 2012
The French Stock Market (La Bourse) in Paris
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
Coronado  Schoenholtz  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Coronado, Schoenholtz, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
 Assembly.  Detroit Publishing Company  1923 May 7. Touring Turn-of-the-Century America: Photographs...
"Assembly." Detroit Publishing Company, 1923 May 7. Touring Turn-of-the-Century America: Photographs from the Detroit Publishing Company, 1880-1920.
Library of Congress
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
Russian President Vladimir Putin has forecast the economy will bounce back 1.4 percent in 2017
Russian President Vladimir Putin has forecast the economy will bounce back 1.4 percent in 2017
Igor Ageyenko, AFP
A store advertising its sales
A store advertising its sales
the justified sinner
Schoenholtz  Coronado  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Schoenholtz, Coronado, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
UK - London: Occupy London  2012
UK - London: Occupy London, 2012
xpgomes9
Fred Olsen Windcarrier s Brave Term  jack-up vessel was used in the construction of the Block Island...
Fred Olsen Windcarrier's Brave Term jack-up vessel was used in the construction of the Block Island Wind Farm.
Fred Olsen Windcarrier
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
Occupy London Stock Exchange
Occupy London Stock Exchange
Eman Jueid / Aslan Media
Along with the closeout merchandise and surplus merchandise markets  the returned merchandise and li...
Along with the closeout merchandise and surplus merchandise markets, the returned merchandise and liquidation industry generates over $100 billion dollars in revenue annually.
Occupy London: The piazza of St Paul’s Cathedral
Occupy London: The piazza of St Paul’s Cathedral
Eman Jueid / Aslan Media
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin

Latest News
Top News