Economy news and stories by mail.com

Economy

Wall Street clocks third straight week of gains
Stocks are closing higher on Wall Street, closing out a third straight week of gains. General Electric led the Dow Jones industrial average higher ...
Oil little changed, investors weigh global economy
The price of oil remained at a four-month high Friday after new data showed China's economy rebounded and a global demand forecast rose. Benchmark oil ...
IMF: Greece recovering, needs more EU cash
Greece has salvaged its economic recovery program following months of political uncertainty but still faces "enormous" challenges and will need new ...
Germany balks at bailing out Cyprus
When it came to helping out Greece, Ireland and Portugal, Germany grudgingly went along with its European partners and backed hundreds of billions in ...
Markets struggle to hold onto gains
Global stock markets struggled to hold onto gains made Friday, when strong Chinese economic figures and signs of a U.S. recovery buoyed investor ...
IMF: Eurozone needs Portugal to stay on track
The International Monetary Fund is warning Portugal against the temptation to relax its contentious austerity drive, saying any backsliding could ...
Jobless rates fall in less than half of US states
Unemployment rates fell in less than half of U.S. states last month, as steady but slow hiring is making only gradual improvement in the job market.
Dutchman gets backing to be next Eurogroup chief
The outgoing chairman of the Eurogroup, the regular meetings of the 17 eurozone finance ministers, endorsed Dutch finance minister Jeroen Dijsselbloem ...
Oil firm to boost exports from Iraqi Kurdish area
Genel Energy PLC, a company led by the former BP chief executive that recently started shipping oil from Iraq's self-rule Kurdish region, said Friday ...
China's growth rebounds but still vulnerable
China's economy is finally rebounding from its deepest slump since the 2008 global crisis but the shaky recovery could be vulnerable to a new downturn ...
Oil falls as traders weigh China data, 2013 demand
The price of oil slipped to near $95 a barrel Friday but remained near four-month highs after new data showed China's economy rebounded in the final ...
Spanish banks' bad loan ratio at record 11.38 pct
Spain's central bank says the level of bad debt in the country's banks rose to a new record 11.38 percent in November, up from 11.23 percent in ...
Adviser hails 'Abenomics,' says dollar can rise
The expert behind the monetary policies of Japan's new prime minister welcomed the recovering stock market and favorable exchange rate as signs of ...
Regional vote to offer clues to Merkel future
Chancellor Angela Merkel is riding high in polls as she seeks a third term at the head of Europe's biggest economy. But a major state election this ...
Poll: Most see damage if US debt limit not raised
Most Americans think jarring economic problems will erupt if lawmakers fail to increase the government's borrowing limit. Yet they're torn over how ...
Surge in home construction likely to continue
The aftermath of the housing bust forced many homebuilders to dramatically scale back construction on new homes to avoid the risk of ending up saddled ...
Asia stocks rise as US, China economies improve
Asian stock markets rose Friday after signs that the U.S. economic recovery is gaining traction and a rebound in China's growth emboldened investors ...
House GOP may seek short-term debt limit extension
House Republicans may seek a quick, short-term extension of the government's debt limit, a move that would avoid an immediate default by the Treasury ...
UnitedHealth 4Q profit slips 1 pct. as costs rise
UnitedHealth Group Inc.'s fourth-quarter net income slipped 1 percent, as a rise in costs from medical claims and other expenses countered revenue ...
Government food price claims baffle Argentines
Six pesos a day. That's all it takes to eat in Argentina, at least according to the government. But on the streets of the capital, 6 pesos doesn't ...
Taxpayers will ease banks' costs in mortgage deal
Consumer advocates have complained that U.S. mortgage lenders are getting off easy in a deal to settle charges that they wrongfully foreclosed on many ...
S&P 500 surges on housing starts, jobless claims
The Standard and Poor's 500 index climbed to another five-year high after strong reports on housing starts and unemployment claims made investors more ...
US home construction in 2012 highest in 4 years
U.S. builders started work on homes in December at the fastest pace in 4 ½ years and finished 2012 as their best year for residential construction ...
Oil hits 4-month high on US economic data, Algeria
The price of oil rose to a four-month high Thursday on positive reports about the U.S. economy. Benchmark oil gained $1.25 to finish at $95.49 a ...
IMF's Lagarde sees improved world economic outlook
International Monetary Fund chief Christine Lagarde said Thursday that the threat of financial collapse in the global economy appears to have eased.