Economy

HK dockworkers refuse to back down in port strike
Striking Hong Kong dockworkers refused to back down Wednesday in a weeklong pay dispute that is slowing cargo shipments at the world's third busiest ...
Hyundai-Kia recalling nearly 1.9 million vehicles
Korean automakers Hyundai and Kia are recalling almost 1.9 million vehicles to fix problems with air bags and brake light switches. The switch recall ...
Angry Birds maker sees profits surge
Mobile game developer Rovio Entertainment Ltd. says the popular Angry Birds franchise helped it double revenue in 2012, with net profit surging more ...
US futures mixed ahead of service sector report
U.S. stock futures are mixed ahead of a report on the performance of the economy's service sector. Dow Jones industrial futures slipped 3 points to ...
Thousands of shareholders sue RBS for $6 billion
Royal Bank of Scotland shareholders have filed a 4 billion pound ($6 billion) lawsuit against the company, claiming they were misled into thinking the ...
Spain PM says economy will grow in 2014
Prime Minister Mariano Rajoy says Spain's recession-hit economy will return to growth in 2014 and begin creating jobs again. Rajoy said Wednesday that ...
Passenger flights set at new Dubai airport
Dubai aviation officials say scheduled passenger flights will begin in October from a new airport built with the goal of becoming the world's busiest.
Eurozone inflation down for third month running
Inflation across the 17 European Union countries that use the euro fell for the third month running in March to its lowest level in nearly three ...
Asian stocks up after positive US economic data
Asian stock markets mostly rose Wednesday, boosted by more evidence the U.S. economic recovery is gaining traction. U.S. government figures released ...
Health insurers lead stocks higher on Wall Street
U.S. stocks closed at a record highs Tuesday after reports on auto sales and factory orders provided the latest evidence that the U.S. economy is ...
Prosecutors file murder charges in Brazil fire
Eight people have been charged in connection with the deadly nightclub fire in southern Brazil that killed 241 people earlier this year, prosecutors ...
No let up for auto sales in March; pickups star
America is getting back to work, and it needs pickup trucks. Strong truck demand in March drove U.S. auto sales to their highest monthly total since ...
SEC gives companies OK to use social media
The Securities and Exchange Commission will allow public companies to make significant announcements on Facebook, Twitter and other social media sites ...
Fannie's record profit a symbol of housing rebound
Home prices are up. Foreclosures are down. Construction is up. And now comes the latest sign of the U.S. home market's revival: Fannie Mae, the ...
French ex-minister admits lying about bank account
French President Francois Hollande on Tuesday decried an "unforgiveable moral error" by his former budget minister, who has jolted France's body ...
Goldman takes Apple stock off 'preferred' list
Goldman Sachs dropped Apple off its list of most highly recommended stocks Tuesday as it joined other analysts in reducing expectations for a company ...
Cypriot finance minister resigns amid crisis probe
Finance minister Michalis Sarris resigned Tuesday after less than five weeks in the job, as the government begins an investigation into how the ...
Euro area unemployment at record 12 percent
The eurozone economy has passed another bleak milestone. Official figures Tuesday showed that unemployment across the 17 European Union countries that ...
US factory orders up 3 percent in February
Orders to U.S. factories rose sharply in February from January on a surge in volatile demand for commercial aircraft. The gain offset a drop in key ...
High-skilled visa requests likely to exceed supply
The Homeland Security Department expects applications for high-skilled immigration visas to outpace the available supply in a matter of days, one of ...
Stocks open higher on Wall Street
Stocks are opening higher on Wall Street as traders hope for more positive news on the U.S. economy. The Dow Jones industrial average rose 57 points, ...
Turkish Cypriots: Solidarity tinged with relief
Barbed wire-topped walls stretch across the narrow, twisted streets of Nicosia's walled medieval city, where abandoned buildings extend across a ...
German inflation rate down to 1.4 percent in March
The annual inflation rate in Germany, Europe's biggest economy, slipped to 1.4 percent in March as a rise in energy prices slowed. The official figure ...
On trial and split apart, Vietnamese clan defiant
The broken bricks and roof tiles of Doan Van Vuon's house, bulldozed by Vietnamese authorities trying to evict him, lie next to his relatives' new ...
Oil steady after US manufacturing growth slows
The price of oil was steady Tuesday after data showed U.S. manufacturing growth slowed in March. Benchmark oil for May delivery was up 3 cents to $97.