Economy

Economy

• Oil gains to near $96 as investors eye US economy

  The price of oil rose to near $96 a barrel on Friday ahead of the release of Conference Board's index of leading indicators for the U.S. economy. 

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  Asia stocks mixed as holidays thin trade

  Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results ... 

• Greek PM in China seeking investment, trade deals

  Greece's prime minister is in China seeking investment and trade deals to help revive his country's recession-battered economy. Antonis Samaras met ... 

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  Cyprus may presell gas reserves to ease crisis

  Cyprus may presell the country's offshore natural gas reserves to raise cash quickly and pull it out of its deep financial crisis, the country's ... 

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  Merkel, Hollande at odds over Europe's way forward

  Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of ... 

• Greek strikes halt air travel

  Flights in Greece were halted for four hours Thursday as the country's two largest labor unions staged work stoppages to protest austerity measures ... 

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  Ratings firm warns of economic slowdown in Russia

  Russia faces harsh times ahead for its economy unless the government improves the country's poor investment climate and implements long-delayed ... 

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  Turkish PM talking Syria with Obama at White House

  Turkish Prime Minister Recep Tayyip Erdogan is looking for stepped-up action on Syria as he meets with President Barack Obama at the White House. 

• Slovenia govt' confirms union agreed wage cuts

  Slovenia's government has formally approved an agreement it reached with trade unions to cut public sector wages by up to 4.8 percent as part of ... 

• Valtr Komarek, Czech leftist politician dies at 82

  Valtr Komarek's son says the left-wing Czech politician and economist who helped overthrow the country's communist regime has died at age 82. His son ... 

• Oil falls below $94 a barrel amid high supplies

  The price of oil slipped below $94 a barrel Thursday as traders digested discouraging economic data from the United States and Europe and U.S. 

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  Polish exports of meat for Jews, Muslims in limbo

  For some, it was a barbaric way to treat animals. For others, it was great business. Until January, slaughterhouses across Poland — a deeply Catholic ... 

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  Asia stocks mixed as Wall St. ignores euro gloom

  Asian stock markets were mixed Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. However, losses ... 

• Trade group slams safety pact for Bangladesh

  The largest U.S. retail-industry group on Wednesday criticized an international pact aimed at improving factory conditions in Bangladesh's garment ... 

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  Eurozone recession is now longest in currency bloc

  The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis ... 

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  Eurozone's struggling economies mired in recession

  The eurozone is stuck in recession — its longest since the euro was founded in 1999. The latest figures from the European Union's statistics office ... 

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  Bank of England sees 'modest, sustained' recovery

  The Bank of England predicted a modest and sustained economic recovery for Britain on Wednesday, but tempered hope that the worst might be over with ... 

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  Greece to break up state power company for money

  Greece's conservative-led government on Wednesday announced plans to break up the state-run Public Power Corporation by 2016, as part of a ... 

• Oil falls below $93 on Europe, US economic news

  The price of oil fell below $93 on Wednesday after disappointing economic reports from Europe and the U.S. By late morning in New York, benchmark oil ... 

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  Portugal pays lower interest rates in debt auction

  Portugal has collected 1.75 billion euros ($2.3 billion) in a debt auction, with a sharp drop in interest rates providing further evidence that market ... 

• French economy falls back into recession

  France's economy is in recession again — and that could spell more trouble for Europe. The national statistics agency, Insee, said Wednesday that ... 

• German economy returns to modest growth

  The German economy managed to avoid sinking into recession during an unusually cold first quarter, but only just, official figures showed Wednesday. 

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  Asia stocks up as US small business mood improves

  Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday. The National ... 

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  Fitch upgrades Greece's credit rating

  Debt-hobbled Greece got a new morale boost Tuesday, with Fitch ratings agency upgrading its sovereign credit grade, a day after the country's European ... 

• Turkish Cypriot leader seeking US help on talks

  The prime minister of the breakaway Turkish north of ethnically divided Cyprus was in Washington on Thursday looking for ways to revive stalled ...