Economy

Economy

• 

  Iran president still a force even as his era ends

  When many struggling families in this eastern Iranian city take stock of outgoing President Mahmoud Ahmadinejad's legacy, it's not about the oratory ... 

• Slovenia announces anti-bailout measures

  Slovenia's government announced Thursday an austerity plan designed to raise 540 million euros ($707 million) in new taxes as part of an effort to ... 

• Cyprus keeps limits on money flows

  Cyprus will keep limits on money transfers and withdrawals until it is more confident that its ailing banks will not face a run, the central bank's ... 

• Spain education sector hit by strike against cuts

  Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education ... 

• Oil down near $96 per barrel after supplies uptick

  The price of oil fell closer to $96 a barrel on Thursday after reports showed supplies of U.S. crude rose last week and inflation accelerated in China 

• BoE opts against further monetary stimulus

  The Bank of England has opted against pumping more money into the British economy. The decision Thursday by the central bank's main policymaking body ... 

• Greece: Economic recovery in sight

  Greece's recession-wracked economy should start recovering next year and its sky-high unemployment rate should edge lower from the end of 2014, the ... 

• 

  Asia stocks rise after Dow hits another record

  Asian stock markets rose Thursday on the heels of another record high on Wall Street and an interest rate cut in South Korea to boost economic growth. 

• Poland's shale gas hopes suffer blow

  News that Talisman Energy Inc. and Marathon Oil are pulling out of exploration for shale gas in Poland is a blow to the country's hopes that its ... 

• 

  Incoming WTO director seeks 'negotiating pillar'

  Brazilian Ambassador Robert Azevedo said Wednesday that his first priority as the new leader of the World Trade Organization will be to try to rescue ... 

• 

  UK gov't agenda focuses on immigration, economy

  The message was one of thrift and austerity, but the messenger was opulence incarnate. Britain's Conservative-led government on Wednesday announced ... 

• 

  Germany's expected tax take slightly lower

  Germany's tax revenues will be slightly lower than expected in the coming years because of a recent economic slowdown, but the government is sticking ... 

• UN predicts boom in trade of 'green' products

  The U.N.'s environment agency says the global market for low-carbon and environment-friendly goods and services is projected to almost triple to $2. 

• Oil slips toward $95 as US supplies seen rising

  The price of oil slipped closer to $95 a barrel Wednesday as investors weighed a rise in China's trade data against expectations of another increase ... 

• Poland cuts interest rates as economy slows

  The National Bank of Poland has cut interest rates to a historic low as the economy continues to slow and inflation is below target. The central bank ... 

• Telefonica Q1 profit up despite Latin America dip

  Spanish telecoms company Telefonica said Wednesday its first-quarter net profit rose 21 percent to 902 million euros ($1.18 billion) despite a fall ... 

• 

  Spain claims reforms beginning to pay off

  The Spanish government claims its austerity measures and reforms are paying off. Conservative Prime Minister Mariano Rajoy told Parliament on ... 

• Ukraine expects to sign cooperation accord with EU

  Ukraine's foreign minister said he expects his country to sign a cooperation agreement with the European Union later this year despite the EU's ... 

• 

  Egypt appoints 9 ministers in limited reshuffle

  Nine new Egyptian ministers joined President Mohammed Morsi's Cabinet on Tuesday, including three members of his Muslim Brotherhood, in a reshuffle ... 

• 

  Diplomats: Brazil wins race for next WTO director

  The World Trade Organization has settled on Roberto Azevedo of Brazil, a well-known diplomat and consummate insider in Geneva circles, to serve as its ... 

• 

  Portugal sells bonds for first time since bailout

  Portugal sold 10-year bonds Tuesday for the first time since it needed a bailout in 2011, representing a milestone in efforts to restore investor ... 

• 

  NKorea issues warning ahead of US-SKorea summit

  North Korea on Tuesday threatened the United States and South Korea over joint naval drills taking place this week in tense Yellow Sea waters ahead ... 

• 

  Jewish group warns of neo-Nazi parties in Europe

  The World Jewish Congress said Tuesday it is greatly concerned about the emergence of what it called neo-Nazi parties in Europe, singling out Greece's ... 

• 

  IMF's Lagarde criticizes US spending cuts

  International Monetary Fund head Christine Lagarde criticized the U.S. government's budget policies as too tight on Tuesday, in an appearance in ...