Economy

Mexican, Brazilian lead race to be next WTO chief
A Latin American is set to take the helm of the World Trade Organization after the field for the agency's next director general has narrowed to ...
Baby food shortage in Europe due to China demand
Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to ...
Amazon shares fall after 1Q results
Amazon.com took a hit Friday after its revenue forecast caught investors off guard. THE SPARK: Amazon's first-quarter earnings were stronger than ...
ADM raises bid for Australia's GrainCorp
Archer Daniels Midland Co. is closer to making a huge expansion into Australia with a possible deal for a grain handler there called GrainCorp.
Avon chairman leaves in latest leadership change
Avon said Friday that Fred Hassan, its non-executive chairman, has resigned from the board, the company's latest management change. Hassan had just ...
UN: Crisis in Greece weakening human rights action
Greece is falling behind on its human rights obligations, a senior U.N. investigator warned Friday, and he strongly criticized the "excessively rigid" ...
Merkel insists austerity part of Europe's cure
Chancellor Angela Merkel has underlined Germany's insistence that austerity is part of the solution to Europe's financial crisis but emphasized that ...
Damaged Russian ship docks with space station
A Russian cargo spacecraft has docked with the International Space Station, despite the failure of an antenna on its navigation system to deploy.
Finest Hour: Churchill to be on UK bank note
Here's a choice not likely to be too controversial: officials say wartime Prime Minister Winston Churchill's portrait will be featured on a new ...
Swiss central bank keeps some gold in UK, Canada
The Swiss National Bank has for the first time disclosed where it stashes its 1,040 tons of gold, saying almost a third is kept overseas, in Britain ...
Stocks edge lower as economic growth disappoints
Stock indexes are edging lower in early trading on Wall Street after the government reported U.S. economic growth that wasn't as strong as economists ...
Futures fall, US economic growth misses view
Stock futures slipped Friday with the nation's economic growth during the first quarter coming in a bit weaker than economists had expected.
China jails more than 1,400 in lending crackdown
Chinese authorities have sentenced more than 1,400 people to prison terms of at least five years for involvement in underground lending in a crackdown ...
Japan allows airlines set to resume 787 flights
Japan's transport minister said Friday the government will allow Japanese airlines to resume flying grounded Boeing 787s once they complete ...
Oil slips to $93 a barrel ahead of US growth data
The price of oil slipped to near $93 a barrel Friday ahead of quarterly growth figures for the world's biggest economy. By early afternoon in Europe, ...
China's Baidu reports slower profit growth
Baidu Inc., which operates China's most popular search engine, reported slower profit growth in its latest quarter Friday as costs rose sharply and ...
German mail workers win 5.7 pct raise over 2 years
German postal workers have won a 5.7 pay raise over two years in a deal that follows a string of short walkouts. It's one of several current disputes ...
Japan prices fall in March as deflation drags on
Japan's consumer price index fell 0.9 percent in March from a year earlier, underlining the challenge of ending a long spell of debilitating deflation ...
Honda's quarterly profit rises despite China woes
Honda's fiscal fourth quarter profit rose nearly 6 percent as the Japanese automaker's recovery from floods in Thailand the previous year offset ...
ECB: lending to companies remains weak
The European Central Bank says bank lending to companies remains weak — another sign that the economy in the 17 countries that use the euro is still ...
French government cuts EADS stake
The French state has cut its stake in Airbus parent company EADS to 12 percent following the latest sale of shares, the second this month.
China becomes New Zealand's top export market
China's thirst for quality milk has seen it become New Zealand's top export market for the first time. Neighboring Australia had long been New ...
North Korea ignores Seoul deadline for talks
South Korea says Pyongyang has ignored Seoul's deadline for responding to a demand for talks on a shuttered inter-Korean factory park.
Yahoo chairman joins recent boardroom exodus
Yahoo could use a revolving door in its boardroom. In the latest exit, Chairman Alfred Amoroso will become the eighth Yahoo Inc. director to depart ...
Starbucks' profit shows Americans need coffee fix
Americans may not feel optimistic about the economy but they're still spending more at Starbucks. The world's biggest coffee chain said Thursday that ...