Economy news and stories by mail.com

Economy

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 ...
House panel OKs farm bill with food stamp cuts
The House Agriculture Committee on Wednesday approved a sweeping farm bill that would trim the $80 billion-a-year food stamp program. The panel ...
New Zealand to sell stake in 2nd power company
New Zealand will sell a minority stake in a second power company this year as part of a plan to balance its books. The government on Thursday ...
Correction: Retailers-Bangladesh story
In a story May 15 about retailers' reactions to a proposal aimed at making garment factories safer in Bangladesh, The Associated Press erroneously ...
Stocks climb as traders shrug off economic reports
Investors nudged the stock market to all-time highs Wednesday despite a handful of disappointing economic reports. Google's stock topped $900 for the ...
Protesters close Libyan oil terminal, halt exports
Protesters and disgruntled job seekers forced the closure of an eastern Libyan oil terminal on Wednesday for the second time in six months, disrupting ...
Family drama adds intrigue to Ill. governor's race
Politics has long been a family business in Illinois, a place where who you know — and who you're related to — matters more than most. But the family ...
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 ...
House panel boosts veterans spending
With no broader budget deal in sight, a key House panel responsible for implementing sweeping cuts to agency budgets moved Wednesday to exempt ...
Longer US white majority if immigration slows
Without increased immigration, whites would lose their U.S. majority in 2046, three years beyond official projections, and the nation's population ...
Oil back above $94 a barrel after early loss
The price of oil rose back above $94 Wednesday after dropping earlier on disappointing economic reports from Europe and the U.S. Benchmark oil for ...
Retiring boomers driving sales of small businesses
Baby boomers preparing for retirement are driving a surge in small business sales, as they find more and more buyers confident enough in the improving ...
US factory output falls 0.4 percent in April
U.S. manufacturers cut back on production in April, as auto companies cranked out fewer cars, factories made fewer consumer goods and most other ...
Amnesty for undeclared dollars divides Argentina
A plan to get Argentines to pull their undeclared U.S. dollars from under their mattresses and out of illegal tax havens, and deposit them in the ...
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 ...
Education woes seen as Achilles' heel of Brazil
There's a storage room just off a university lab that gives students more experience than many can handle: Skinned pigs and cats, disembodied cow ...
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 ...
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 ...
US homebuilder confidence rises in May from April
Confidence among U.S. homebuilders rebounded this month, reflecting improved sales trends during the spring home-selling season and the strongest ...
Japan OKs $906 billion budget to revive economy
Japan's parliament has approved a record-high 92.6 trillion yen ($906.2 billion) budget for this fiscal year, raising military spending for the first ...
US wholesale prices fall 0.7 pct., most in 3 years
Sharp drops in fuel and food costs reduced a measure of U.S. wholesale prices in April by the most in three years. Outside those volatile categories, ...