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Economy

Hungary rejects criticism of constitution changes
Rejecting criticism from the EU, the U.S. and human rights groups, Hungary's prime minister insisted Thursday that recent constitutional changes ...
New pope's views bind simplicity with 'complexity'
At gatherings of Latin American bishops, then-Cardinal Jorge Bergoglio was often a star speaker about economic inequities in a profit-driven world.
Canada says EU deal could help Europeans with US
Canada's prime minister says a free trade deal between his country and the European Union could help the EU establish a beachhead as they embark on ...
Oil up to near $93 on positive US jobs data
The price of oil rose slightly Thursday as U.S. employment data supported the market, offsetting news about ample crude supplies and worries about the ...
European court says Spanish eviction laws illegal
The European Court of Justice ruled Thursday that harsh property repossession laws in Spain that have led to hundreds of thousands of evictions during ...
Cyprus bailout likely closer to $13BN
A bailout package for Cyprus and its troubled financial sector would likely be closer to €10 billion ($13 billion) than the earlier floated €17 ...
Borrowing costs drop as Spain raises $1.04 bln
Spain has sold €803 million ($1.04 billion) in long-term debt at lower interest rates, reflecting improving investor sentiment towards the country's ...
Greek unemployment reaches record 26 percent
Unemployment in debt-crippled Greece rose to a record of 26 percent in the last quarter of 2012, as austerity measures combined with a deep recession ...
Asia stocks cautious despite strong US retail data
Asian stock markets mostly retreated Thursday as caution prevailed despite a ninth day of gains on Wall Street and a bump up in U.S. retail sales.
Troika inspectors to return to Greece in 2 weeks
Greece's finance minister says rescue lenders will send inspectors back to Athens in about two weeks after both sides failed to finalize a new round ...
US business bemoans India trade 'protectionism'
American businesses complained to lawmakers Wednesday about Indian trade protectionism, contending that tariff and regulatory barriers are shutting ...
Eurozone industrial production dips 0.4 pct
Official figures show that industrial production across the 17 European Union countries that use the euro fell by 0.4 percent in January.
Eurozone to hold special meeting on Cyprus
The finance ministers of the 17 euro countries will hold a special meeting this week to discuss a much-delayed bailout package for Cyprus, but ...
Dutch budget office advises against austerity
The outgoing director of the Netherlands' budgeting office has advised the government against further austerity measures, even though the country is ...
Renault, unions reach deal to cut costs, jobs
French carmaker Renault SA reached a potentially groundbreaking deal with leading unions Wednesday that allows it to reduce its workforce and cut ...
Oil up for 5th day as traders await US supply data
Oil prices rose slightly for a fifth straight session Wednesday despite a forecast for weaker global demand growth and expectations of rising U.S.
Italy pays higher yields in bond sale
Italy was forced to pay more to investors to sell three-year and 15-year bonds amid the country's continuing political uncertainty. The Italian ...
German utility Eon posts FY profit of $3.4 billion
German utility Eon bounced back to profit in 2012 but warned that it may have to start closing gas-fired power plants if government doesn't take steps ...
Asia stocks down on bleak UK factory production
Asian stock markets ran out of steam Wednesday after a sharp drop in Britain's industrial production and a warning from the head of Germany's central ...
Cyprus church: euro exit instead of bad bailout
The influential leader of Cyprus' Orthodox Christian Church says he would prefer the cash-strapped country abandons the euro as its currency rather ...
Obama optimistic on Europe trade talks
President Barack Obama says he's optimistic that the United States can reach a free trade deal with the European Union, but he warned that ...
Greek bailout program review hits snag
Inspectors from Greece's rescue lenders delayed a meeting with the prime minister which had been scheduled for Tuesday after talks stalled over tax ...
Israel's ultra-Orthodox suddenly are outsiders
As Israel's new government takes shape, the country's powerful ultra-Orthodox Jewish political parties seem poised to find themselves in unfamiliar ...
Cyprus to accept corporate tax hike in bailout
Cyprus will accept raising its low 10 percent corporate tax rate as part of an international bailout deal, a senior official said Tuesday.
US: austerity threatens stability in Europe
U.S. Intelligence chief James Clapper is warning that Europe's financial crisis could lead to social unrest. He says that austerity poses the greatest ...