ECONOMY & MARKETS

U.S. initial jobless claims rose by 16,000 to 360,000 in the latest week, and the key 4-week moving average increased to 351,750.

Greece can’t catch a break as joblessness continues to soar, especially for 15-to-24-year-old citizens.

The rupee's fall against the dollar will hurt Indian industry by increasing input costs, and even exporters are unlikely to benefit significantly.

Chinese companies already have $1.7 billion in Nigerian road contracts and are boosting oil imports from the West African country.

Investors will likely spend the day digesting Fed Chair Bernanke's comments on quantitative easing, and his taper stance.

Asian markets rally on Bernanke's comments about the continuation of the Fed’s stimulus program while the FOMC remains divided on the question.

The June 18-19 minutes showed that about half the participants wanted to bring asset purchases to a close late this year.

A trio of economic reports point to soft but positive signs in coming months.

May wholesale stock declined 0.5 percent from April, the steepest drop in 20 months.

There were 3.8 million job openings in the U.S. in May 2013, and almost half of them were in a service-related sector.

OPEC's latest monthly forecast shows growing demand for oil but shrinking demand for its own product.

The call for a strike is the latest reaction to austerity demanded by Greece’s international lenders.

However, the EC’s proposal to establish a single authority for EU banks is opposed by Germany.

Household sentiment includes consumers' attitudes toward livelihood, income, jobs and willingness to buy durable goods.

India hopes to ease U.S. concerns about protectionist policies and to draw U.S. corporate investment, as the rupee slides against the dollar.

Investors will evaluate U.S. Fed Minutes and Chairman Bernanke's speech for tapering time-table clues.

IMF cut its global growth forecast citing anemic recovery in the US and EU, adding that if the Fed ended QE, it could hurt emerging markets.

The interim PM, along with the president, will have his work cut out in getting diverse political players to support the transition plan.

China's trade data for June missed forecasts by a wide margin, adding to growing concerns of a slowdown in the Asian economic powerhouse.

Exports are down 3.1 percent from a year earlier and imports down 0.7 percent in a jolting report.

The rating agency said weak economic growth in Italy was a key factor.

Lack of a stable supply of electricity is the biggest hurdle in the way of the country's economic development.

In 2012, China imported nearly $109 billion worth of goods from the United States.

The complaint centers around a green-oriented recycling tax levied on cars imported into Russia.

Officials say China's slowdown and the Fed's planned stimulus reduction will impact red metal production in the South American nation.

Despite Myanmar's grinding poverty, it now has one of the highest rental rates in Southeast Asia because of foreign company demand.

Garment exports from Cambodia surged 32 percent in the first half of the year, but the boom isn't without challenges.

The U.S. accounts for 23 percent of the country’s $20 billion export market, followed by Germany, the U.K. and Spain.

Floods in Europe this summer are the most expensive natural calamity to hit the continent since the Elbe river floods in 2002.