http://www.mail.com/int/subjects/1370-economy.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.28/img/mailcom_logo_rss.png http://www.mail.com/int/subjects/1370-economy.html http://www.mail.com/int/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/int/business/economy/2092434-oil-gains-to-96-investors-eye-us-economy.html 2013-05-17T11:44:03Z http://www.mail.com/int/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/int/business/economy/2092704-world-stocks-strong-weekend.html 2013-05-17T16:42:52Z http://www.mail.com/int/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/int/business/economy/2092430-european-car-sales-up-time-2011.html 2013-05-17T11:13:19Z http://www.mail.com/int/business/markets/2089858-greek-pm-china-seeking-investment-trade-deals.html BEIJING (AP) — Greece's prime minister is in China seeking investment and trade deals to help revive his country's recession-battered economy. Antonis Samaras met Thursday with Chinese Premier Li Keqiang, after which the two witnessed the signing of agreements in fields including shipping and telecommunications. Li said during the meeting that China hopes... Fri, 17 May 2013 04:13:12 GMT http://www.mail.com/int/business/markets/2089858-greek-pm-china-seeking-investment-trade-deals.html 2013-05-17T04:13:12Z http://www.mail.com/int/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/int/business/economy/2090920-cyprus-presell-gas-reserves-to-ease-crisis.html 2013-05-16T19:24:16Z http://www.mail.com/int/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/int/business/economy/2089898-merkel-hollande-odds-europes-way-forward.html 2013-05-16T17:55:32Z http://www.mail.com/int/entertainment/lifestyle/2089870-greek-strikes-halt-air-travel.html ATHENS, Greece (AP) — Flights in Greece were halted for four hours Thursday as the country's two largest labor unions staged work stoppages to protest austerity measures and a government decision to cancel a teachers' strike. Flights resumed after being grounded between 12:00 and 4:00 p.m. (0900-1300 GMT), when air traffic controllers joined the protest c... Thu, 16 May 2013 17:11:00 GMT http://www.mail.com/int/entertainment/lifestyle/2089870-greek-strikes-halt-air-travel.html 2013-05-16T17:11:00Z http://www.mail.com/int/business/economy/2090040-ratings-firm-warns-economic-slowdown-russia.html MOSCOW (AP) — Russia faces harsh times ahead for its economy unless the government improves the country's poor investment climate and implements long-delayed privatizations and reforms, U.S ratings agency Standard & Poor's has warned. Russia has seen more than a decade of largely uninterrupted economic growth, thanks to its lucrative oil and gas industrie... Thu, 16 May 2013 15:16:03 GMT http://www.mail.com/int/business/economy/2090040-ratings-firm-warns-economic-slowdown-russia.html 2013-05-16T15:16:03Z http://www.mail.com/int/news/world/2090318-turkish-pm-talking-syria-with-obama-white-house.html WASHINGTON (AP) — 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. But the U.S. and Turkey remain far apart on how to handle Syria's bloody civil war. Erdogan is visiting Washington just days after two car bombs in Turkey killed dozens in the deadliest terrori... Thu, 16 May 2013 14:22:36 GMT http://www.mail.com/int/news/world/2090318-turkish-pm-talking-syria-with-obama-white-house.html 2013-05-16T14:22:36Z http://www.mail.com/int/news/world/2090120-slovenia-govt-confirms-union-agreed-wage-cuts.html LJUBLJANA, Slovenia (AP) — 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 budget austerity measures the country needs to avoid an international bailout. The agreement, which was confirmed Thursday, is expected to save 108.6 million euros ($141 million) this y... Thu, 16 May 2013 12:58:01 GMT http://www.mail.com/int/news/world/2090120-slovenia-govt-confirms-union-agreed-wage-cuts.html 2013-05-16T12:58:01Z http://www.mail.com/int/business/economy/2090126-valtr-komarek-czech-leftist-politician-dies-82.html PRAGUE (AP) — 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 Martin, a journalist for the Mlada Fronta Dnes daily, said Komarek died Thursday in a Prague hospital. Born Aug. 10, 1930, in the southeast town of Hodonin, Komarek became a Communist Party mem... Thu, 16 May 2013 12:56:24 GMT http://www.mail.com/int/business/economy/2090126-valtr-komarek-czech-leftist-politician-dies-82.html 2013-05-16T12:56:24Z http://www.mail.com/int/business/economy/2089384-oil-falls-94-barrel-amid-high-supplies.html 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. oil supplies remained high. By early afternoon in Europe, benchmark oil for June delivery was down 37 cents to $93.93 a barrel in electronic trading on the New York Mercantile Exchange. The contract rose 9 cents on... Thu, 16 May 2013 12:51:06 GMT http://www.mail.com/int/business/economy/2089384-oil-falls-94-barrel-amid-high-supplies.html 2013-05-16T12:51:06Z http://www.mail.com/int/entertainment/lifestyle/2089438-polish-exports-meat-jews-muslims-limbo.html WARSAW, Poland (AP) — For some, it was a barbaric way to treat animals. For others, it was great business. Until January, slaughterhouses across Poland — a deeply Catholic nation — were the unlikely venues for the Islamic and Jewish slaughter of animals, which in both religions involves a swift cut to the throat of a conscious animal and death by bleeding... Thu, 16 May 2013 10:52:58 GMT http://www.mail.com/int/entertainment/lifestyle/2089438-polish-exports-meat-jews-muslims-limbo.html 2013-05-16T10:52:58Z http://www.mail.com/int/business/economy/2086776-asia-stocks-mixed-wall-st-ignores-euro-gloom.html BANGKOK (AP) — Asian stock markets were mixed Thursday following dour European economic data that dampened hopes of a recovery there anytime soon. However, losses were limited by another record session on Wall Street. The European Union statistics office said Wednesday that nine of the 17 countries that use the euro are in recession, including France. The... Thu, 16 May 2013 05:27:29 GMT http://www.mail.com/int/business/economy/2086776-asia-stocks-mixed-wall-st-ignores-euro-gloom.html 2013-05-16T05:27:29Z http://www.mail.com/int/business/markets/2088528-trade-group-slams-safety-pact-bangladesh.html NEW YORK (AP) — The largest U.S. retail-industry group on Wednesday criticized an international pact aimed at improving factory conditions in Bangladesh's garment industry, saying it was a "one-size-fits-all" approach promoted by special interests. The National Retail Federation's statement came as more global retailers signed on to the pact backed by abo... Thu, 16 May 2013 01:11:28 GMT http://www.mail.com/int/business/markets/2088528-trade-group-slams-safety-pact-bangladesh.html 2013-05-16T01:11:28Z http://www.mail.com/int/business/economy/2086772-eurozone-recession-longest-currency-bloc.html PARIS (AP) — 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 of 2008-2009. The European Union statistics office said Wednesday that nine of the 17 EU countries that use the euro are in recession, with France a notable addition to the list. Overall, the eu... Wed, 15 May 2013 19:21:06 GMT http://www.mail.com/int/business/economy/2086772-eurozone-recession-longest-currency-bloc.html 2013-05-15T19:21:06Z http://www.mail.com/int/business/markets/2087868-eurozones-struggling-economies-mired-recession.html 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 show that the economy of the 17 EU countries that use the euro shrank for a sixth straight quarter, slumping by 0.2 percent in the January-March period from the previous three months. Initially it was just the... Wed, 15 May 2013 18:03:13 GMT http://www.mail.com/int/business/markets/2087868-eurozones-struggling-economies-mired-recession.html 2013-05-15T18:03:13Z http://www.mail.com/int/business/economy/2086834-bank-england-sees-modest-sustained-recovery.html LONDON (AP) — 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 predictions that inflation will remain above its targets for the next two years. In presenting the central bank's quarterly inflation report, Governor Mervyn King offered a twinkling of optimism... Wed, 15 May 2013 17:05:38 GMT http://www.mail.com/int/business/economy/2086834-bank-england-sees-modest-sustained-recovery.html 2013-05-15T17:05:38Z http://www.mail.com/int/business/economy/2086838-greece-to-break-up-power-company-money.html ATHENS, Greece (AP) — Greece's conservative-led government on Wednesday announced plans to break up the state-run Public Power Corporation by 2016, as part of a privatization program demanded by the crisis-hit country's creditors. Government spokesman Simos Kedikoglou said that about 30 percent of PPC's resources would be spun off to create a rival compan... Wed, 15 May 2013 16:23:32 GMT http://www.mail.com/int/business/economy/2086838-greece-to-break-up-power-company-money.html 2013-05-15T16:23:32Z http://www.mail.com/int/business/economy/2086454-oil-falls-93-europe-us-economic-news.html NEW YORK (AP) — 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 for June delivery was down $1.78 to $92.41 a barrel. That marks five straight days of declines after oil rose above $96 last week. New figures released Wednesday showed the eurozone's economy... Wed, 15 May 2013 15:32:39 GMT http://www.mail.com/int/business/economy/2086454-oil-falls-93-europe-us-economic-news.html 2013-05-15T15:32:39Z http://www.mail.com/int/business/economy/2086896-portugal-pays-lower-interest-rates-debt-auction.html LISBON, Portugal (AP) — 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 confidence in the bailed-out country is returning. Investors stopped buying Portugal's debt in 2011 amid a broader crisis in the 17-nation eurozone. That forced the country to seek a... Wed, 15 May 2013 12:17:40 GMT http://www.mail.com/int/business/economy/2086896-portugal-pays-lower-interest-rates-debt-auction.html 2013-05-15T12:17:40Z http://www.mail.com/int/business/economy/2086460-french-economy-falls-recession.html PARIS (AP) — France's economy is in recession again — and that could spell more trouble for Europe. The national statistics agency, Insee, said Wednesday that gross domestic product fell 0.2 percent in the first quarter of the year. The agency also revised its data for the fourth quarter of last year, saying GDP fell 0.2 percent, up from a 0.3 percent ret... Wed, 15 May 2013 10:06:17 GMT http://www.mail.com/int/business/economy/2086460-french-economy-falls-recession.html 2013-05-15T10:06:17Z http://www.mail.com/int/business/economy/2086494-german-economy-returns-to-modest-growth.html BERLIN (AP) — The German economy managed to avoid sinking into recession during an unusually cold first quarter, but only just, official figures showed Wednesday. Europe's biggest economy grew by 0.1 percent in the January-March quarter compared with the previous three-month period, Germany's Federal Statistical Office said. That followed a 0.7 percent de... Wed, 15 May 2013 08:10:28 GMT http://www.mail.com/int/business/economy/2086494-german-economy-returns-to-modest-growth.html 2013-05-15T08:10:28Z http://www.mail.com/int/business/economy/2083510-asia-stocks-up-us-small-business-mood-improves.html BANGKOK (AP) — Enthusiasm on Wall Street sparked by another positive report on the U.S. economy helped push most Asian stock markets higher Wednesday. The National Federation of Independent Business reported a slight improvement in confidence among small business owners in the U.S. in April. That helped boost the Dow Jones industrial average to close at a... Wed, 15 May 2013 05:22:40 GMT http://www.mail.com/int/business/economy/2083510-asia-stocks-up-us-small-business-mood-improves.html 2013-05-15T05:22:40Z http://www.mail.com/int/business/economy/2083988-fitch-upgrades-greeces-credit-rating.html ATHENS, Greece (AP) — 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 creditors backed the release of a new rescue loan payment. However, the one-notch upgrade from CCC to B- still leaves Greece's government debt six levels deep in junk status — that is,... Tue, 14 May 2013 18:14:17 GMT http://www.mail.com/int/business/economy/2083988-fitch-upgrades-greeces-credit-rating.html 2013-05-14T18:14:17Z http://www.mail.com/int/news/us/2084828-turkish-cypriot-leader-seeking-us-help-talks.html WASHINGTON (AP) — The prime minister of the breakaway Turkish north of ethnically divided Cyprus was in Washington on Thursday looking for ways to revive stalled reunification talks with the Greek south. Irsen Kucuk said he sees opportunities to move toward a settlement this year and wants help from the U.S. "We believe that 2013 could be a very conducive... Tue, 14 May 2013 17:30:26 GMT http://www.mail.com/int/news/us/2084828-turkish-cypriot-leader-seeking-us-help-talks.html 2013-05-14T17:30:26Z http://www.mail.com/int/business/markets/2083696-eu-to-shift-bill-bank-failures-to-creditors.html BRUSSELS (AP) — European Union governments want to shift the cost of rescuing troubled banks from taxpayers to the banks' creditors — including the holders of large deposits— as part the region's plan to shore up its shaky financial system. Finance ministers from the 27-country bloc meeting in Brussels on Tuesday sought to hammer out the new rules on how ... Tue, 14 May 2013 17:15:02 GMT http://www.mail.com/int/business/markets/2083696-eu-to-shift-bill-bank-failures-to-creditors.html 2013-05-14T17:15:02Z http://www.mail.com/int/business/markets/2083942-france-approves-major-labor-reform-package.html PARIS (AP) — France's parliament has passed a package of significant labor reforms Tuesday that the government hopes will help halt rising unemployment and jumpstart the country's stagnant economy. The bill is one of President Francois Hollande's signature pieces of legislation designed to overhaul the country's notoriously hidebound labor market. It incl... Tue, 14 May 2013 16:03:26 GMT http://www.mail.com/int/business/markets/2083942-france-approves-major-labor-reform-package.html 2013-05-14T16:03:26Z http://www.mail.com/int/news/world/2084340-slovenia-government-unions-agree-wage-cuts.html LJUBLJANA, Slovenia (AP) — Slovenia's government and trade unions on Tuesday reached a tentative agreement to cut public sector wages by up to 4.8 percent as part of budget austerity measures the country needs to avoid an international bailout. The deal is expected to save 108.6 million euros ($141 million) this year and 182.6 million euros in 2014 for de... Tue, 14 May 2013 14:55:07 GMT http://www.mail.com/int/news/world/2084340-slovenia-government-unions-agree-wage-cuts.html 2013-05-14T14:55:07Z