Economy - Business: Breaking news

Economy

• 

  IMF head Lagarde in court in fraud probe

  International Monetary Fund chief Christine Lagarde has appeared at a special Paris court to face questioning over a controversial arbitrage deal that ... 

• Oil falls below $94 as China manufacturing weakens

  The price of oil fell below $94 per barrel Thursday after a private survey showed manufacturing activity in China falling to its lowest level in seven ... 

• 

  Vatican releases 1st report of financial watchdog

  The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog ... 

• IMF calls on Britain to do more for growth

  The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up ... 

• Italy seizes 1.2 billion euros from steel family

  Milan prosecutors have ordered the seizure of 1.2 billion euros ($1.5 billion) in assets belonging to the family that runs a troubled steel plant in ... 

• Turkey: 4 sentenced over fake liquor deaths

  Turkey's state-run news agency says a Turkish court has sentenced four people to 83 years in prison each for the deaths of five Russians from bootleg ... 

• Oil stays near $96 before crude stocks report, Fed

  The price of oil was little changed above $96 a barrel Wednesday as investors waited confirmation of a rise in U.S. crude stocks and the Federal ... 

• 

  Asia stocks rise as Fed official backs easy policy

  Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S. 

• Struggling Spain offers engineers to Brazil

  Spain's development minister is urging Brazil to hire some of the engineers that her own economy doesn't have room for. Brazil is beefing up its ... 

• Burberry's profit hit by perfume deal's demise

  British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, ... 

• Ericsson closes down cable production, cuts jobs

  Wireless equipment maker Ericsson AB says it will close down its telecom cable manufacturing operation and cut around 350 jobs in Sweden. 

• German central bank: Economy to improve 'markedly'

  Germany's central bank expects the country's economy to improve "markedly" in the second quarter — a development that could boost the wider eurozone ... 

• Oil price down to near $96 as traders wait for Fed

  The price of oil fell to near $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy. By early ... 

• Vodafone annual profits up 1.9 percent

  U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations. 

• Correction: Cyprus-Breaking Barriers story

  In a story April 27 marking the 10th anniversary of the breaching of the barriers carving up Cyprus, The Associated Press erroneously reported that ... 

• British inflation eases by more than expected

  Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares. The Office for ... 

• Head of embattled G4S security force retires

  The chief executive of security firm G4S is to retire after a tumultuous year that saw the company fail to fulfill its Olympic contract. The company ... 

• 

  Asia stocks muted ahead of Fed meeting

  Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its ... 

• Ryanair keeps growing, reports record profits

  Ryanair reported record profits Monday as Europe's largest budget airline expanded its route network across the continent and into North Africa. 

• Ex-Saab executives arrested on accounting charges

  A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges. Prosecutor Olof ... 

• Actavis buying Warner Chilcott in $8.5B deal

  Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty ... 

• Oil price falls below $96 a barrel

  The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a ... 

• Union leads march in Rome calling for job creation

  A union of Italian metal workers has led thousands of people in a march through the heart of Rome to press the new government for measures to spur job ... 

• Cyprus drops limits on 8 more foreign banks

  Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the ... 

• Italian Cabinet passes first economic measures

  Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and ...