http://www.mail.com/in-en/business/economy/ Economy - Business: Find breaking news, world news and pictures on Economy en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/in-en/business/economy/ http://www.mail.com/in-en/business/economy/2099412-markets-choppy-ahead-bernanke-testimony.html LONDON (AP) — Markets were choppy Tuesday as investors remained cautious in the run-up to a much-anticipated statement from U.S. Federal Reserve chairman Ben Bernanke. The Fed is conducting its third round of massive bond purchases known as quantitative easing. The aim has been to help drive down interest rates and spur lending. But a recent run of strong... Tue, 21 May 2013 14:36:25 GMT http://www.mail.com/in-en/business/economy/2099412-markets-choppy-ahead-bernanke-testimony.html 2013-05-21T14:36:25Z http://www.mail.com/in-en/business/economy/2099710-german-central-bank-economy-to-improve-markedly.html FRANKFURT, Germany (AP) — Germany's central bank expects the country's economy to improve "markedly" in the second quarter — a development that could boost the wider eurozone as it struggles to get out of recession. The Bundesbank said Tuesday that Europe's largest economy should expand more robustly after a weak first three months of the year. Germany gr... Tue, 21 May 2013 13:21:28 GMT http://www.mail.com/in-en/business/economy/2099710-german-central-bank-economy-to-improve-markedly.html 2013-05-21T13:21:28Z http://www.mail.com/in-en/business/economy/2099434-oil-price-to-96-traders-wait-fed.html 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 afternoon in Europe, benchmark crude for June delivery was down 60 cents to $96.11 a barrel in electronic trading on the New York Mercantile Exchange. The contract gained 69 cents to close at $96.71 on Monday. ... Tue, 21 May 2013 12:08:49 GMT http://www.mail.com/in-en/business/economy/2099434-oil-price-to-96-traders-wait-fed.html 2013-05-21T12:08:49Z http://www.mail.com/in-en/business/economy/2099740-vodafone-annual-profits-up-19-percent.html LONDON (AP) — 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. It reported Tuesday net profits of 7.70 billion pounds ($11.665 billion) for the year ending March 2013 compared with 7.55 billion pounds the year before. Group Chief Executive Vittorio Colao said p... Tue, 21 May 2013 11:38:28 GMT http://www.mail.com/in-en/business/economy/2099740-vodafone-annual-profits-up-19-percent.html 2013-05-21T11:38:28Z http://www.mail.com/in-en/business/economy/2099720-burberrys-profit-hit-perfume-deals-demise.html LONDON (AP) — British luxury brand Burberry says that the end of a perfume licensing deal depressed its bottom line, dragging net profit down 3 percent for the year ending on March 31. But shares in the Burberry Group PLC rose just over 1 percent to 14.83 pounds Tuesday after the company reported an 8 percent rise in revenue to 2 billion pounds ($3 billio... Tue, 21 May 2013 10:49:25 GMT http://www.mail.com/in-en/business/economy/2099720-burberrys-profit-hit-perfume-deals-demise.html 2013-05-21T10:49:25Z http://www.mail.com/in-en/business/economy/2048448-correction-cyprus-breaking-barriers-story.html NICOSIA, Cyprus (AP) — In a story April 27 marking the 10th anniversary of the breaching of the barriers carving up Cyprus, The Associated Press erroneously reported that Yiannis Maratheftis had written a book detailing his experiences. The book was about Maratheftis' experiences, but not written by him. It was written by Panikos Neocleous. A corrected ve... Tue, 21 May 2013 09:25:05 GMT http://www.mail.com/in-en/business/economy/2048448-correction-cyprus-breaking-barriers-story.html 2013-05-21T09:25:05Z http://www.mail.com/in-en/business/economy/2099568-british-inflation-eases-than-expected.html LONDON (AP) — 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 National Statistics said Tuesday that the annual rate fell to 2.4 percent in April from 2.8 percent the previous month. The fall was bigger than anticipated — the consensus in the markets was fo... Tue, 21 May 2013 09:02:56 GMT http://www.mail.com/in-en/business/economy/2099568-british-inflation-eases-than-expected.html 2013-05-21T09:02:56Z http://www.mail.com/in-en/business/economy/2099524-head-embattled-g4s-security-force-retires.html LONDON (AP) — 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 said Tuesday that Nick Buckles will be replaced by Ashley Almanza, a senior executive from the oil and gas company BG Group. G4S had agreed in February to take an 85 million pound hit after fail... Tue, 21 May 2013 08:22:57 GMT http://www.mail.com/in-en/business/economy/2099524-head-embattled-g4s-security-force-retires.html 2013-05-21T08:22:57Z http://www.mail.com/in-en/business/economy/2097188-asia-stocks-muted-ahead-fed-meeting.html BANGKOK (AP) — 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 economic stimulus program. The Fed is currently conducting the third round of massive bond purchases known as quantitative easing to help drive down interest rates and spur lending. But recently... Tue, 21 May 2013 03:08:43 GMT http://www.mail.com/in-en/business/economy/2097188-asia-stocks-muted-ahead-fed-meeting.html 2013-05-21T03:08:43Z http://www.mail.com/in-en/business/economy/2097450-ryanair-growing-reports-record-profits.html DUBLIN (AP) — Ryanair reported record profits Monday as Europe's largest budget airline expanded its route network across the continent and into North Africa. Ryanair's share price also surged to an all-time high after the Dublin-based carrier predicted it would enjoy similar, if not better, earnings in the coming year. The company's net profit in the 12 ... Mon, 20 May 2013 17:33:38 GMT http://www.mail.com/in-en/business/economy/2097450-ryanair-growing-reports-record-profits.html 2013-05-20T17:33:38Z http://www.mail.com/in-en/business/economy/2098178-ex-saab-executives-arrested-accounting-charges.html STOCKHOLM (AP) — A Swedish prosecutor says three former executives of automaker Saab Automobile AB have been arrested on accounting fraud charges. Prosecutor Olof Sahlgren says the three are "suspected of aggravated attempts to avoid tax controls" by allegedly falsifying parts of Saab's accounts between 2010 and 2011 — a crime that carries a sentence of u... Mon, 20 May 2013 16:41:28 GMT http://www.mail.com/in-en/business/economy/2098178-ex-saab-executives-arrested-accounting-charges.html 2013-05-20T16:41:28Z http://www.mail.com/in-en/business/economy/2097634-actavis-buying-warner-chilcott-85b-deal.html NEW YORK (AP) — Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty pharmaceutical company in the U.S. The announcement on Monday comes after the two companies said earlier this month that they were in talks about a possible combination. It also follows reports that Pars... Mon, 20 May 2013 12:06:27 GMT http://www.mail.com/in-en/business/economy/2097634-actavis-buying-warner-chilcott-85b-deal.html 2013-05-20T12:06:27Z http://www.mail.com/in-en/business/economy/2097234-oil-price-falls-96-barrel.html BANGKOK (AP) — 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 speech by the Federal Reserve chief. Benchmark crude for June delivery was down 55 cents to $95.47 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents... Mon, 20 May 2013 10:39:28 GMT http://www.mail.com/in-en/business/economy/2097234-oil-price-falls-96-barrel.html 2013-05-20T10:39:28Z http://www.mail.com/in-en/business/economy/2095142-union-leads-march-rome-calling-job-creation.html ROME (AP) — 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 creation. FIOM union leader Maurizio Landini said Saturday's protest was held because Italy is "going nowhere" in terms of signs of economic growth amid a stubborn recession. The union is aligne... Sat, 18 May 2013 16:47:55 GMT http://www.mail.com/in-en/business/economy/2095142-union-leads-march-rome-calling-job-creation.html 2013-05-18T16:47:55Z http://www.mail.com/in-en/business/economy/2093730-cyprus-drops-limits-8-foreign-banks.html NICOSIA, Cyprus (AP) — Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country. The Finance Ministry said in a new decree the capital control exemptions now apply to Lebanon's Banque Bemo, BBAC, Credit Libanais and Bank of Beirut, France-based B... Fri, 17 May 2013 20:03:18 GMT http://www.mail.com/in-en/business/economy/2093730-cyprus-drops-limits-8-foreign-banks.html 2013-05-17T20:03:18Z http://www.mail.com/in-en/business/economy/2093542-italian-cabinet-passes-economic-measures.html ROME (AP) — Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and allocating funds to extend a short-term layoff scheme. The Cabinet also eliminated stipends for the premier and the Cabinet members beyond their base salary as lawmakers. The government allocated 1 bill... Fri, 17 May 2013 17:37:24 GMT http://www.mail.com/in-en/business/economy/2093542-italian-cabinet-passes-economic-measures.html 2013-05-17T17:37:24Z http://www.mail.com/in-en/business/economy/2092882-greece-faces-slow-jobless-recovery-year.html ATHENS, Greece (AP) — Greece's deep, six-year recession is likely to end in 2014, but growth will be weak and unemployment will remain above 20 percent for another three years, the country's international debt inspectors said. The European Commission issued the gloomy predictions Friday in a 237-page assessment of Greece's bailout agreement, as the countr... Fri, 17 May 2013 17:33:48 GMT http://www.mail.com/in-en/business/economy/2092882-greece-faces-slow-jobless-recovery-year.html 2013-05-17T17:33:48Z http://www.mail.com/in-en/business/economy/2093436-fitch-downgrades-slovenia-amid-banking-concerns.html LONDON (AP) — Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system. It cut the government bond rating to BBB+ from A-, which is still investment grade. It left a negative outlook, suggesting there's a risk of another downgrade. Fitch said the prospects for Slovenia's economy an... Fri, 17 May 2013 17:02:52 GMT http://www.mail.com/in-en/business/economy/2093436-fitch-downgrades-slovenia-amid-banking-concerns.html 2013-05-17T17:02:52Z http://www.mail.com/in-en/business/economy/2092704-world-stocks-strong-weekend.html AMSTERDAM (AP) — World stock markets rose steadily on Friday after two key indicators suggested the U.S. economic expansion will continue. The Conference Board reported that its leading indicator index for the U.S. increased 0.6 percent in April, following a 0.2 decline in March, due to recovering housing and labor markets. "In general, the (index) points... Fri, 17 May 2013 16:42:52 GMT http://www.mail.com/in-en/business/economy/2092704-world-stocks-strong-weekend.html 2013-05-17T16:42:52Z http://www.mail.com/in-en/business/economy/2093046-imf-cyprus-risk-deeper-recession.html WASHINGTON (AP) — The IMF said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default. A new IMF report predicted a deep recession in Cyprus this year and next and said there is a danger that the downturn could be even more severe if authorities do not adher... Fri, 17 May 2013 15:37:31 GMT http://www.mail.com/in-en/business/economy/2093046-imf-cyprus-risk-deeper-recession.html 2013-05-17T15:37:31Z http://www.mail.com/in-en/business/economy/2093018-czech-us-cooperate-developing-reactors.html PRAGUE (AP) — The United States says it has completed a transfer of 75 kilograms (165 pounds) of salt coolant material to the Czech Republic as part of cooperation between the two countries in developing new nuclear reactors. The U.S. Embassy in Prague says the fluoride salt comes from the Department of Energy's Oak Ridge National Laboratory and will be u... Fri, 17 May 2013 13:43:30 GMT http://www.mail.com/in-en/business/economy/2093018-czech-us-cooperate-developing-reactors.html 2013-05-17T13:43:30Z http://www.mail.com/in-en/business/economy/2092972-spains-king-sheds-luxury-yacht-crisis-bites.html MADRID (AP) — Spain's King Juan Carlos is getting rid of the luxury yacht he and his family used during holidays in an apparent belt-tightening measure as the country braves an economic crisis. A palace spokesman says Friday the 75-year-old monarch is asking National Heritage authorities to shed the 41-meter (135-ft) "Fortuna," handing it over to the gove... Fri, 17 May 2013 13:20:37 GMT http://www.mail.com/in-en/business/economy/2092972-spains-king-sheds-luxury-yacht-crisis-bites.html 2013-05-17T13:20:37Z http://www.mail.com/in-en/business/economy/2092960-4-month-strike-psa-peugeot-citroen-plant-ends.html PARIS (AP) — A four-month strike at a car factory north of Paris has come to an end, although the workers say they will still fight a plan to close the plant. PSA Peugeot Citroen said Friday that it had signed an agreement with the CGT union to end the strike, which started in January. The CGT called the strike "suspended." Peugeot said around 130 of the ... Fri, 17 May 2013 13:10:34 GMT http://www.mail.com/in-en/business/economy/2092960-4-month-strike-psa-peugeot-citroen-plant-ends.html 2013-05-17T13:10:34Z http://www.mail.com/in-en/business/economy/2092434-oil-gains-to-96-investors-eye-us-economy.html 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. By early afternoon in Europe, benchmark oil for June delivery was up 45 cents to $95.61 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 86 cents on Thursday. The Conference ... Fri, 17 May 2013 11:44:03 GMT http://www.mail.com/in-en/business/economy/2092434-oil-gains-to-96-investors-eye-us-economy.html 2013-05-17T11:44:03Z http://www.mail.com/in-en/business/economy/2092430-european-car-sales-up-time-2011.html MILAN (AP) — The European auto industry may be showing the first signs of a slowdown in its sales free-fall, according to data from the European automaker's association. New car registrations in April were up 1.7 percent on the same time last year, the ACEA's latest figures show. Although the April rise has more to do with the two extra work days last mon... Fri, 17 May 2013 11:13:19 GMT http://www.mail.com/in-en/business/economy/2092430-european-car-sales-up-time-2011.html 2013-05-17T11:13:19Z http://www.mail.com/in-en/business/economy/2092522-ap-moller-maersk-posts-q1-profit.html COPENHAGEN, Denmark (AP) — Denmark's shipping and oil group A.P. Moller-Maersk says its first quarter earnings ticked up 13 percent to 9.5 billion kroner ($1.6 billion), partly due to lower freight costs. The Copenhagen-based group says revenue for the first three months dropped 2 percent to 79.3 billion kroner ($13.7 billion) from 81.3 billion kroner. Ma... Fri, 17 May 2013 06:52:50 GMT http://www.mail.com/in-en/business/economy/2092522-ap-moller-maersk-posts-q1-profit.html 2013-05-17T06:52:50Z http://www.mail.com/in-en/business/economy/2090920-cyprus-presell-gas-reserves-to-ease-crisis.html NICOSIA, Cyprus (AP) — 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 finance minister said Thursday. Harris Georgiades said the country's nascent gas sector still has some way to go before such weighty decisions are taken. But all options that will help the ... Thu, 16 May 2013 19:24:16 GMT http://www.mail.com/in-en/business/economy/2090920-cyprus-presell-gas-reserves-to-ease-crisis.html 2013-05-16T19:24:16Z http://www.mail.com/in-en/business/economy/2089898-merkel-hollande-odds-europes-way-forward.html BERLIN (AP) — Germany and France recognize that their cooperation is key to overcoming Europe's persistent economic crisis, but comments Thursday by the leaders of the continent's No. 1 and 2 economies suggested they still have diverging priorities. French President Francois Hollande argued that the 17-nation eurozone should integrate more, calling for gr... Thu, 16 May 2013 17:55:32 GMT http://www.mail.com/in-en/business/economy/2089898-merkel-hollande-odds-europes-way-forward.html 2013-05-16T17:55:32Z http://www.mail.com/in-en/business/economy/2090864-nasa-pump-resolves-big-space-station-leak.html CAPE CANAVERAL, Florida (AP) — An impromptu spacewalk over the weekend seems to have fixed a big ammonia leak at the International Space Station, NASA said Thursday. The "gusher" erupted a week ago, prompting the hastiest repair job ever by residents of the orbiting lab. Spacewalking astronauts replaced a suspect ammonia pump on Saturday, just two days af... Thu, 16 May 2013 17:47:36 GMT http://www.mail.com/in-en/business/economy/2090864-nasa-pump-resolves-big-space-station-leak.html 2013-05-16T17:47:36Z