ECONOMY & MARKETS

In boosting pay, the fast food behemoth follows retailers like Walmart and Target. But the pay hike only applies to workers at restaurants officially owned by McDonald’s, or about 10 percent of the company’s locations nationwide.

India unveiled a slew of new measures and sops aimed at incentivizing its exports both in the manufacturing and services sectors.

Guangdong police detained 5,000 illegal Southeast Asian workers last year, an indication of a growing labor shortage in the region.

So far about 40 countries have applied to join the China-led infrastructure bank.

Investors expected the worst, but Nigerian citizens proved them wrong.

Investors ended a choppy trading session on the last day of 2015's first quarter as losses Tuesday pushed the blue-chip index into negative territory for the year.

A lawsuit alleges that Chicago Mayor Rahm Emanuel's appointees are cracking down on the free speech rights of city employees.

For his fifth trip to Africa, Obama will be co-hosting a meeting for business owners, investors and policymakers.

Illicit copies of the popular 2013 movie have been dangerous to download since last year. But now it's risky to stream, too.

Separate data on Tuesday showed that German retail sales jumped by 3.6 percent in February in real terms.

For 2014 as a whole, the economy grew 2.8 percent -- the biggest expansion since 2006.

The poll's findings exceeded all forecasts from 17 economists surveyed by Reuters last week.

Amid a fresh debate, an analysis of payday loan borrowers highlights default rates.

The country's bailout crisis is creeping back into the spotlight. It could face bankruptcy in just a few weeks.

Convention business and tourism will likely suffer after the adoption of the state's Religious Freedom Restoration Act last week.

A deal would bring more patients and prescriptions to UnitedHealth, possibly boosting its ability to negotiate drug prices with pharma firms.

Thousands of acres of illegal weed could become “catastrophic” for California’s wildlife, a new study warns.

A proposed minimum wage hike is a key casualty of state budget negotiations.

Much of the focus this week will be on the U.S. nonfarm payrolls report for March and the Greek debt negotiations.

McDonald's should be held accountable for alleged labor violations at franchise locations, labor leaders say.

Chinese stocks surged to seven-year highs, helped by Beijing's unveiling of an ambitious plan to build a modern Silk Road.

Xi Jinping announced China's aim to create a trade route stretching across Asia -- a $40 billion project.

The retailer will close 66 of its Future Shop brand stores in Canada and convert 65 of them to Best Buy brand stores.

Like the U.K., Switzerland and other European countries, Russia has announced it intends to join the bank.

Even when they've got the skills, discrimination leaves black job candidates unemployed or underemployed.

The downward revision comes after economic growth smashed expectations in the third quarter after GDP grew 5 percent.

President Obama, the CFPB chief and the Virginia State Attorney General have joined forces against debt traps and high-cost loan products.

The winner of Nigeria’s presidential race faces an economic outlook that isn’t bright — and neither candidate is outlining a solution.

The bill is expected to pass in the House but still faces opposition in the Senate.