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Economy

Shot Armenia presidential hopeful seeks vote delay
The shooting of a presidential candidate threw Armenia's election into disarray Friday, with the wounded victim saying he will call for a delay of the ...
Germany warns euro crisis not over
Europe's efforts to solve its debt troubles won a vote of confidence Friday from the chairman of China's sovereign wealth fund, but Germany's finance ...
Signs of firm US recovery trigger market gains
Evidence that the U.S. economic recovery is firmly on track drove markets higher on Friday, adding to the cheer from good economic indicators out of ...
Report: US job market looks surprisingly strong
The U.S. job market is proving surprisingly strong and raising hopes that the economy will be resilient enough this year to withstand a budget ...
Dutch state nationalizes SNS Reaal bank
The Netherlands nationalized its fourth-largest bank on Friday, injecting €2.2 billion ($3 billion) to recapitalize SNS Reaal NV and head off any ...
Spanish economy minister to testify in bank probe
Spain's Economy Minister Luis de Guindos has been called by the National Court to testify in a probe into alleged fraud at one of the country's major ...
Rare good news for eurozone economy
Mention it quietly, but there were rare hopeful signs for Europe's struggling economy on Friday. Three pieces of economic news for the 17 European ...
Greek dock workers extend strike
Greek dock workers extended a 48-hour strike for a further two days on Friday, leaving ferries tied up in port over the weekend, while Athens doctors ...
China poised to control strategic Pakistani port
China is poised to take over operational control of a strategic deep-water Pakistani seaport that could serve as a vital economic hub for Beijing and ...
Oil slips closer to $97 ahead of US jobs report
The price of oil slipped to near $97 a barrel on Friday after figures showed weak growth in China's manufacturing sector and as investors awaited a ...
Asia stock markets mixed on US jobless data
Asian stock markets were mixed Friday after a weak jobs report from the U.S. unnerved some investors, although losses were stanched by Wall Street's ...
China companies plan to step up Europe investment
Chinese companies plan to step up investment this year in Europe, which some see as more welcoming than the United States, a European business group ...
Latvia takes big step to joining euro
Unemployment, recession, debt, crisis and bailouts: These have been the sort of words that have been associated with the euro currency over the past ...
LVMH cashes in on rising luxury goods demand
French luxury conglomerate LVMH Moet Hennessy Louis Vuitton confirmed Thursday that it's recession-proof: Net profit rose 12 percent last year, as ...
Q4 profit up to $543 million for Spain's Santander
Spain's Banco Santander says it made a net profit of €401 million ($543 million) for 2012, up from €47 million for the same period a year earlier, but ...
Greek doctors, public transport workers on strike
Greek doctors, port workers and public transport staff in the country's capital walked off the job Thursday in strikes against deeply unpopular ...
Oil prices stay near $98 ahead of US jobs data
Oil prices hovered near $98 a barrel Thursday, close to four-month highs, as traders waited for more economic indicators from the U.S. By early ...
NATO chief says security, economy are linked
NATO's chief says the economic crisis could threaten the national security of members of the military alliance, and he's urging them to maintain ...
German unemployment sees seasonal rise in January
Germany's unemployment rate increased to 7.4 percent in January as the country was hit by harsh winter weather, but seasonally adjusted jobless ...
In Vietnam, rage growing over loss of land rights
Faced with a group of farmers refusing to give up their land for a housing project, the Communist Party officials negotiating the deal devised a ...
Cyprus jobless turn to illegal songbird trapping
It's just before first light and the bird-catcher strings nets among the orange, pomegranate, fig and carob trees in his orchard. The sound of ...
Asia stocks fall after US shows 4Q contraction
An unexpected contraction in the U.S. economy at the end of 2012 sent Asian stock markets into retreat Thursday. The U.S. economy shrank in the fourth ...
Protesters break into gov't building in Athens
Protesters forced their way into a government building in Greece's latest anti-austerity protests Wednesday, reaching just outside a minister's office ...
Cyprus president: Russia ready to help in bailout
Cyprus' president said Wednesday that Russia is ready to join the European Union in putting together a rescue package for the crisis-hit country.
Economic data shows eurozone steadier, still weak
The euro area's economy is showing modest signs of improvement, as new figures Wednesday indicated more consumer optimism and steadier bank finances.