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Economy

BOJ chief says Japan economy on the mend
Japan's economy has stopped weakening and should show signs of recovery by midyear, the newly appointed central bank governor said Thursday, as ...
Asia stocks weighed down by Europe debt woes
Renewed jitters about the debt crisis in Europe sent Asian stock markets lower Thursday. Banks in Cyprus are due to open later Thursday — for limited ...
Stumbles of SKorean leader distract month into job
South Korean President Park Geun-hye's honeymoon was over before it even began. Only a month on the job, Park has stumbled repeatedly in the face of ...
Investors struggle to get past Europe's woes
Investors just can't get past Europe. Renewed worries about the region's debt crisis weighed on the Dow Jones industrial average on Wednesday, and ...
Cyprus: cash withdrawals capped at 300 euros
Banks in Cyprus are to open for the first time in more than a week on Thursday, operating for six hours from noon (10:00 GMT), but restrictions will ...
Bomb explodes near Acropolis in central Athens
A bomb exploded outside a Greek ship owner's house near a crowded pedestrian area under the Acropolis in central Athens on Wednesday night, causing ...
Signed contracts to buy US homes dips slightly
Fewer Americans signed contracts to buy homes in February, but the level stayed near a three-year high, and analysts believe sales of previously ...
BRICS plan development bank to fund infrastructure
Leaders of five of the world's emerging economic powers agreed Wednesday to create a development bank to help fund their $4.5 trillion infrastructure ...
Swiss Re cites US weather for big insurance losses
Insurance claims paid out because of natural catastrophes and man-made disasters in 2012 totaled $77 billion globally, making it the third costliest ...
Turkish Cypriots: Crisis could delay settlement
Cyprus' financial woes may further delay prospects for a settlement to the island's nearly 40-year ethnic division, the leader of the breakaway ...
Tiny Luxembourg defends its large financial sector
Luxembourg defended the huge size of its financial sector from criticism Wednesday after Cyprus' messy bailout deal dragged other tiny economies with ...
Syria's Assad appeals to African summit for help
Syria's increasingly isolated president sent a letter calling for help from leaders of five nations at an economic meeting Wednesday in South Africa ...
EU seeks extra funding of $14 billion for 2013
The European Union's executive arm is certain to upset several of its 27 member states as it is seeking 11.2 billion euros ($14.4 billion) in ...
Oil prices ease back after day of strong gains
The price of oil eased back to below $96 a barrel Wednesday, a day after hitting a five-week high on the back of solid U.S. economic data, which ...
US futures down as jitters about Europe continue
Concern about Cyprus and other nations in the Eurozone is weighing down U.S. stock market futures. Cyprus is formulating details for reopening its ...
China's 3 big airlines post sharply lower profits
China's three major state-owned airlines posted sharp drops in annual profit because of the weak global economy, higher jet fuel prices and smaller ...
Hundreds of Greek seamen unpaid for months
In rain and shrieking wind, the ferry strains at its ropes, the gangplank creaking and scraping against the pier. A sailor on night watch duty huddles ...
Asian stocks follow US higher on upbeat econ data
Asian markets followed Wall Street higher on Wednesday after upbeat economic data from the world's largest economy. Reports overnight from the U.S.
Wal-Mart tests in-store lockers for online orders
Wal-Mart Stores Inc. will be testing this summer an option for consumers to be able to order product on its website and then have it kept in a ...
Europe's financial crisis leads to suicide surge
The harsh spending cuts introduced by European governments to tackle their crippling debt problems have not only pitched the region into recession — ...
S&P nears record as home price surge lifts stocks
More good news on the economy Tuesday drove the Standard & Poor's 500 index to within two points of its record closing high. The S&P rose 12.
Berkshire amends warrant deal with Goldman Sachs
Warren Buffett's company will likely become one of the biggest shareholders in Goldman Sachs Group Inc. later this year, and Berkshire Hathaway Inc.
ECB, Eurogroup at odds over Cyprus rescue as model
Europe's leading institutions clashed in a rare sign of public discord Tuesday over what shape future financial rescues will take following the ...
Cyprus businesses hurt as banks stay shut
Cypriot businesses were under increasing strain to keep running on Tuesday after financial authorities stretched the country's bank closure into a ...