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Economy News

Japan PM Abe to host women's conference

Tokyo - Japan's Prime Minister Shinzo Abe on Friday was due to host a three-day conference on women in the workforce, as the country grapples with boosting a low female participation rate.

Moody's negative on Brazil in new blow to Rousseff

Rio De Janeiro - Ratings agency Moody's lowered its outlook for Brazil Tuesday, in the latest blow to President Dilma Rousseff's economic record, just weeks before voters decide if she will be re-elected.

Japan economy contracted 7.1 percent in Q2

Preliminary estimates of the economic situation in Japan have been revised further down, despite extraordinary attempts to stimulate the economy.

Cyprus parliament adopts crucial foreclosure bill

Nicosia - The Cypriot parliament adopted Saturday a controversial bill to streamline bank foreclosures of bad debts, clearing the way for international lenders to release the next tranche of a 10 billion euro loan.

NYU Stern economic forum says to curb your (economic) enthusiasm Special

New York - The economy seems poised to improve, but will the changes coming be bold enough to be felt on "Main Street"? A special report for Digital Journal with comments from top economists and photos from NYU Stern's September 3, 2014 Economic Outlook Forum:

Argentina moves to impose price, production controls

Buenos Aires - Argentina's Senate on Thursday passed a bill sponsored by President Cristina Kirchner that would empower her government to regulate prices and production to combat high inflation, drawing sharp objections from the private sector.

Argentine lawmakers OK debt payment alternatives

Buenos Aires - Argentina's lawmakers approved a measure early Thursday that would transfer the payment site for the country's restructured debt obligations from New York to Buenos Aires, as the country grapples with fallout from its 2001 default.

Venezuelan president shakes up cabinet

Caracas - Venezuela's President Nicolas Maduro replaced Rafael Ramirez as head of the country's state oil giant PDVSA and appointed him as foreign minister.

Economic growth kills minority languages: Study

Paris - Economic prosperity is the worst enemy of minority languages, said researchers Wednesday who listed parts of Australia and North America as "hotspots" for extinction risk.

Mexico leader touts reforms amid falling popularity

- Facing sagging popularity, Mexican President Enrique Pena Nieto used his second state of the nation speech Tuesday to tout a drop in drug-related violence and defend his economic reforms.

Dutch foreign minister named for EU Commission job

The Hague - The Netherlands has named Foreign Minister Frans Timmermans as its candidate to be a commissioner in the new administration of EU President Jean-Claude Juncker, Dutch Prime Minister Mark Rutte said Tuesday.

Yemen president to replace govt, cut fuel hike

Sanaa - President Abdrabuh Mansur Hadi is to replace Yemen's unity government and cut a controversial fuel price hike, two demands of Shiite Huthi rebels, in an initiative announced Tuesday.

Op-Ed: Save or spend? The recovery dilemma

London - Over the last few years we've all been faced with a financial dilemma: save or spend? There's widespread awareness that debt caused the financial crash and if we don’t change our ways we could well be condemned to a life of poverty.

Putin urges Europeans to have 'common sense' over sanctions threat

Moscow - Russian President Vladimir Putin urged the EU on Monday to show "common sense" and not to engage in mutually destructive sanctions, in his first reaction to the threat of additional punitive measures over Ukraine."I hope that common sense will prevail....

'Blair-like' PM divides French Socialists

Paris - Splits in France's ruling Socialist Party, which sparked an emergency government reshuffle last week, continue to widen as members on the left flank snipe at a prime minister they see as attempting a "Tony Blair"-style lurch to the right.

Game of EU thrones nears finale

Brussels - The EU's "game of thrones" is nearing an end after the naming of a new president and diplomatic chief, with the rest of the incoming Brussels regime set to be decided in coming weeks.

Ebola-hit Liberia bans sailors from disembarking

Monrovia - Liberia on Saturday said it would deny permission for any crew to disembark from ships at the country's four seaports until the Ebola epidemic ravaging west Africa was under control.

Malaysia Airlines to slash 6,000 jobs in survival bid

Kuala Lumpur - Malaysia Airlines will slash 6,000 jobs, trim its route network, and replace its CEO under plans announced Friday to stave off bankruptcy after two air tragedies plunged the already troubled carrier deeper into crisis.

Support for Scottish independence growing, poll shows

Glasgow - Support for Scottish independence is increasing three weeks ahead of a referendum, a poll published Friday showed, amid attempts by British Prime Minister David Cameron to make the business case for retaining the union.

France's new economy minister sparks storm over '35-hour' law

Paris - France's new economy minister touched off a political storm Thursday, only one day into the job, with comments made before he was appointed about the controversial "35-hour" labour law.

Toxic chemicals hit North Korean workers in joint Kaesong complex

Seoul - Scores of North Korean workers employed by South Korean factories at a joint industrial complex have fallen sick after possible exposure to toxic chemicals, sparking criticism from Pyongyang, Seoul officials said Wednesday.

Ebola taking toll on west African economy

Monrovia - The worst-ever outbreak of the Ebola virus is taking a heavy toll on west Africa's economy as crops rot in the fields, mines are abandoned and goods cannot get to market.

Venezuela to fight food smugglers with fingerprint scans

Caracas - Venezuelan President Nicolas Maduro has announced plans to introduce fingerprint scanners at supermarkets in a bid to stop food smugglers he blames for the crippling shortages gripping the country.

Ukraine's economy minister announces resignation

Kiev - Ukraine's economy minister announced his resignation on Thursday following conflicts within the government on how to turn around the dire national economic situation.

Argentina to pay bondholders despite U.S. court ruling

Buenos Aires - Buenos Aires moved to pay bondholders domestically after a U.S. bank left it unable to do so, President Cristina Kirchner said.

Australia tycoon blasts Chinese government 'mongrels'

Sydney - Outspoken Australian tycoon Clive Palmer has labelled the Chinese government "mongrels" who "shoot their own people" in a televised tirade that was criticised by Canberra Tuesday as "hugely damaging".

Plucky Madagascar car maker hopes to shift up a gear

Antananarivo - When you next shop around for a new car, the chances are you will not buy a Karenjy.For a start, only a dozen are built each year, by hand, on the Indian Ocean island of Madagascar and none are exported outside the impoverished nation.

Venezuela seals border with Colombia to fight smuggling

San Crist - Venezuela closed its border with Colombia to crack down on smuggling of cut-rate gasoline and other products and stanch huge losses for the Caracas government.

Business growth in UK shows promise that economy is recovering

Data released shows a steady rise in the economy for the UK. With the news of economic growth in the UK and Europe, this could be a good time to get economic guidance to grow a business or begin a new business internationally.

Venezuela to close Colombia border at night to fight smuggling

Caracas - Venezuela will close its Colombia border at night starting Monday to combat smuggling of various Venezuelan products, including food and gasoline, officials said Saturday.
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Economy Image

Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
image:88570:0::0
Reinhart  Schoenholtz  Coronado at the Economic Outlook Forum at NYU Stern on September 3  2014
Reinhart, Schoenholtz, Coronado at the Economic Outlook Forum at NYU Stern on September 3, 2014
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Republicans just can t seem to find it in themselves to share the nation s enthusiasm over the recov...
Republicans just can't seem to find it in themselves to share the nation's enthusiasm over the recovery.
Department of Labor
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The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
image:137933:0::0
A store advertising its sales
A store advertising its sales
the justified sinner
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 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
image:67435:2::0
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
image:67434:2::0
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
image:204670:2::0
Eurozone is lost in translation as EU collapses
Eurozone is lost in translation as EU collapses
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 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
image:67432:3::0
The French Stock Market (La Bourse) in Paris
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
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UK: HM Treasury entrance
UK: HM Treasury entrance
HM Treasury
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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
image:204667:2::0
Sen. Hatch  left  enjoys some Ogden chili.
Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office
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President Barack Obama greets Rep. Gabrielle Giffords  D-Ariz.  as he arrives on the floor of the Ho...
President Barack Obama greets Rep. Gabrielle Giffords, D-Ariz., as he arrives on the floor of the House Chamber to deliver the State of the Union address at the U.S. Capitol in Washington, D.C., Jan. 24, 2012
Pete Souza / White House
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Occupy London Stock Exchange
Occupy London Stock Exchange
Eman Jueid / Aslan Media
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For sale sign
For sale sign
Diana Parkhouse
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Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
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President Obama delivers his State of the Union address at the U.S. Capitol  D.C.
President Obama delivers his State of the Union address at the U.S. Capitol, D.C.
Lawrence Jackson / White House
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US GDP  2010 to 2012
US GDP 2010 to 2012
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