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Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on
top economy stories, photos and more.
China's Cabinet promises to boost economy
23 May 2012 at 9:33pm
China's Cabinet promised Wednesday to step up efforts to reverse a steep slowdown in the world's second-largest economy and said it would encourage private investment in energy and other state-dominated industries.
New Zealand curbs spending in quest for surplus
23 May 2012 at 9:24pm
New Zealand said it would contain spending to try to put the government's books back in the black within three years, while also fostering growth in the struggling economy.
Asia stocks mixed as Europe holds another summit
23 May 2012 at 8:54pm
Asian stock markets struggled to make headway Thursday as the lack of a breakthrough in Europe's attempts to shake off its debt crisis kept sentiment gloomy.
EU members among most open trading nations: study
23 May 2012 at 6:49pm
GENEVA (Reuters) - European Union member countries and their close partners in north and central Europe make up 12 of the 20 nations that are most open to international trade, according to a report issued on Wednesday. The Geneva-based World Economic Forum, in the latest update of its Enabling Trade Index, which is compiled every two years, put the United States at No. 23, down from 19 in 2010. Fellow trade giant China dropped from 48th to 56th place, and would-be powerhouse Russia was way down the rankings at 112th place. ...
Comments after EU leaders' summit
23 May 2012 at 6:49pm
BRUSSELS (Reuters) - European leaders discussed ways to revive their economies on Wednesday night, with growth and jobs on the agenda along with the situation in Greece. Following are comments by EU leaders and officials after the talks ended early on Thursday: EU LEADERS' STATEMENT ON GREECE: "We discussed the political and economic situation in Greece. We want Greece to remain in the euro area while respecting its commitments. "We are fully aware of the significant efforts already made by the Greek citizens. ...
Mexico's PRI eyes jump-start to reforms if victorious-aide
23 May 2012 at 6:20pm
MEXICO CITY (Reuters) - Mexico's main opposition faction hopes to secure support for energy, fiscal and labor market reforms by December if its candidate who is well ahead in the polls wins the presidency, a senior official in the Institutional Revolutionary Party (PRI) said on Wednesday. Enrique Pena Nieto of the PRI is strong favorite to win the July 1 presidential election, and he has pledged to overhaul the Mexican economy in pursuit of annual growth of around 6 percent. ...
Amnesty accuses U.N. council of "failed leadership"
23 May 2012 at 5:14pm
LONDON (Reuters) - Rights group Amnesty International lambasted the United Nations Security Council on Thursday as "tired, out of step and increasingly unfit for purpose". In its annual report, Amnesty said the failure of world powers to take stronger action on Syria was evidence that a sclerotic security council was hamstrung by vested interests, and also warned of abuses arising from Europe's economic crisis. Permanent security council members Russia, a key arms supplier to Syria, and China have shielded Syrian President Bashar al-Assad from tough sanctions. ...
TSX ends up 1 percent as gold miners rally
23 May 2012 at 4:14pm
TORONTO (Reuters) - Canada's main stock index advanced for the second straight day on Wednesday, rallying with gold and base-metal mining shares to dig itself out of an early hole as mounting fears about the euro zone economy and China rattled markets. The index surged nearly 300 points, or 2.6 percent, after nearly hitting a 2012 low at 11,260.04 early on Wednesday as worries about Greece's possible exit from the euro zone sparked a broad sell-off in equities. The rebound was led by the gold mining subgroup, which jumped more than 4. ...
A look at recent tech-industry earnings
23 May 2012 at 4:00pm
Here is a summary of recent earnings and reports for selected technology companies and what they reveal about the state of spending and the overall economy:
CP Rail strike stops freight; government may step in
23 May 2012 at 3:52pm
TORONTO (Reuters) - Locomotive engineers and conductors at Canadian Pacific Railway walked off the job on Wednesday after contract talks broke down, shutting down freight operations on Canada's second-biggest railroad. As some customers began seeking alternatives to move autos, grain, coal and other goods, the Canadian government said it may introduce back-to-work legislation as early as next Monday if the strike drags on and harms the economy. ...
NetApp's shares tumble on weak 1Q forecasts
23 May 2012 at 3:32pm
Shares of NetApp Inc. tumbled in aftermarket trading Wednesday after the data storage management system maker forecast a disappointing fiscal first quarter, citing "increasing uncertainty" in the global economy.
Housing market recovery gains traction
23 May 2012 at 2:57pm
WASHINGTON (Reuters) - The U.S. spring home-selling season got off to a strong start in April, with rising sales and prices providing evidence that a housing market recovery was gaining some traction. The housing sector has been the Achilles' heel of the economy ever since the home-price bubble burst. Data this week, however, has painted a relatively upbeat picture for the market and underscored the economy's resilience. ...
HP Is Firing A Whole Lot of People
23 May 2012 at 2:48pm
Hewlett-Packard announced Wednesday that they will cut about 27,000 jobs by the end of 2014 in order to save up to $3.5 billion, so that's obviously not great news for the economy.
Fed near limit on scope to help jobs: Kocherlakota
23 May 2012 at 1:58pm
RAPID CITY, South Dakota (Reuters) - A rise in U.S. inflation over the past year suggests the Federal Reserve has little firepower left to boost employment, a top Fed official said on Wednesday. The U.S. unemployment rate, at 8.1 percent, is still high by historical standards, and many economists say employment is still well below the maximum level the economy can handle before inflationary pressures are likely to build. ...
S&P drops Tunisia rating to speculative
23 May 2012 at 1:27pm
Standard & Poor's dropped its rating for Tunisia by one notch on Wednesday to a speculative 'BB/B' level due to political uncertainty and weaker economic outlook.
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INSIDE ASIA; A Change in the Asian Equation
31 Jan 2012 at 12:00am SINGAPORE -- Central bankers in Asia have yet another reason to hesitate now that the U.S. Federal Reserve looks likely to keep interest rates low for longer. Indonesia, Thailand, Australia and the Philippines have all cut interest rates at least once in the past three months to try to shore up economic growth, and many economists predict that...Read more...
LETTER FROM EUROPE; The Move by Scotland to Go It Alone
17 Jan 2012 at 12:00am LONDON -- You are driving north. The highway skims by major cities -- Birmingham, Manchester -- until a barrier brings progress to a halt. A new international frontier straddles the road. There are passport checks, barbed wire revetments, currency exchange booths, customs controls, a gate reminiscent of Checkpoint Charlie in Cold War Berlin,...Read more...
Afghanistan Widens Effort to Recoup Bank's Assets
4 Jan 2012 at 12:00am KABUL, Afghanistan -- The Afghan Central Bank said Tuesday that the government was stepping up efforts to recoup public money lost more than a year ago in the collapse of Kabul Bank, the nation's largest private financial institution. The development may hearten the Afghan government's international backers, like the United States, by showing that...Read more...
