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Economy

Putin rejects foreign advice on democracy
President Vladimir Putin on Wednesday angrily rejected what he described as attempts to enforce foreign patterns of democracy on Russia and vowed to ...
Serbia's billionaire retail tycoon detained
Serbia's billionaire retail tycoon and one of the Balkan country's most influential figures was detained Wednesday in what the nationalist government ...
Oil price rises above $86 on Fed stimulus hopes
The price of oil rose to above $86 a barrel on Wednesday as investors expected the Federal Reserve to announce new measures to perk up the U.S.
Eurozone industrial output in surprise slump
Industrial production across the 17 European Union countries that use the euro unexpectedly slumped in October, official figures showed Wednesday, in ...
Global corporate deals nearly halved in 5 years
The value of mergers and acquisitions deals around the world in 2012 was nearly half the amount made five years ago, when the financial crisis first ...
Rosneft buys other half of TNK-BP for $28 billion
Rosneft has signed an agreement to purchase 50 percent in Russia's third-largest oil producer TNK-BP for $28 billion, having earlier acquired the ...
UK unemployment by biggest amount since 2001
Official data shows that unemployment in the United Kingdom dropped to 7.8 percent in the three months to October as the number of jobless fell by its ...
Porsche breaks its own sales record
German sports car maker Porsche AG says it has already broken last year's record sales number with one month left in 2012. The company, which is now ...
Zara owner Inditex sees 9-month profit up 27 pct
Spanish clothes retailer Inditex, which owns the Zara store chain, has posted a 27 percent increase in net profit for the first nine months of 2012 ...
Gaza's tunnels rebound from Israeli offensive
Rafah's biggest industry is back in business: Gazans are rebuilding the network of underground smuggling tunnels crisscrossing the Egyptian border ...
BHP sells Australia gas stake to PetroChina
BHP Billiton Ltd. said Wednesday it has agreed to sell its stake in a proposed Australian gas project to Chinese state-owned energy producer ...
Lawyer: Guatemala judge orders McAfee released
A lawyer for John McAfee said Tuesday that a judge has ordered the software company founder released from a Guatemalan detention center where he has ...
Delta grabs bigger share of key NY-London route
Delta Air Lines is grabbing a bigger share of the world's most important travel route: New York to London. The airline is paying $360 million for ...
Greece to announce bond buyback results Wednesday
Greece will reveal the results of a key debt buyback deal Wednesday, after an extended deadline for private investors to decide whether they will sell ...
Medical helicopter hit bad weather before crash
A medical helicopter pilot hit bad weather and was trying to return to the hospital hangar shortly before the aircraft crashed into a northern ...
Why efforts to stop factory fires have failed
About a year and a half before a fire at a clothing factory in Bangladesh killed 112 people in November, executives from Wal-Mart, Gap and other big ...
Fidelity cutting fees at 8 index mutual funds
Fidelity Investments is trimming fees at its largest index mutual funds and making some of its lowest-cost options accessible to a larger number of ...
Stocks gain on budget talk optimism, Fed stimulus
Stocks are closing higher on Wall Street for the fifth day in a row as traders hoped for more progress in budget talks being held in Washington.
Oil prices rise as Federal Reserve meeting starts
Oil moved a little higher as a meeting of the Federal Reserve got under way Tuesday. Benchmark oil rose 23 cents to finish at $85.79 per barrel in New ...
Exxon: US energy revival has staying power
Exxon says the energy renaissance in the U.S. will continue and predicts that North America will become a net exporter of oil and natural gas by the ...
Cyprus court orders retrial regarding plane crash
Cyprus' Supreme Court on Tuesday ordered a new trial for four former airline officials who had been acquitted of manslaughter and other charges for ...
US employers advertise more jobs in October
U.S. employers advertised more jobs in October than September, a hopeful sign that hiring could pick up in the coming months. The Labor Department ...
Diller steps aside at TripAdvisor; sells stake
Barry Diller is stepping down as chairman of TripAdvisor and selling his stake in the travel-website owner to Liberty Interactive. Liberty Interactive ...
Cuba authorizes nonfarm cooperatives
Cuba formally authorized the creation of the first non-agricultural cooperatives on Tuesday, a measure expected to permit the growth of midsize ...