In Possible Trade Deal, US Would Fare Significantly Better Than EU, Where Intra-Europe Trade May Decline: Munich Report
A study says an EU-US trade deal could harm their traditional trading partners and emerging markets.
US Gun Maker Smith & Wesson (SWHC) Gun Reports Record High Gun Sales In 2013
Top gun maker Smith & Wesson reported record gun sales in 2013, though it didn’t detail the factors behind the spike.
Recent Gold Slump Triggers Buying That Could Send Metal To $1,600 By 2014: Analysts
Two top gold analysts predict that the price of gold could skyrocket by the end of 2013.
Boston Resident Pays $560,000 For Two Parking Spots, In IRS Auction
In an IRS auction, a Boston resident agreed to pay $560,000 for two parking places in a Boston neighborhood in a near-record bid.
Offshore ‘Tax Havens’ Protest Criticism And Pressure From G8 Nations On Alleged Tax Evasion
Alleged tax havens like the Isle of Man and Jersey have fought back against criticism from developed nations that they allow tax evasion.
European Union Has Gloomy Employment Figures, Middling Inflation Rate
The latest European Union inflation and unemployment data show the continent's economy is still struggling to recover.
Is Gannett-Belo Deal Part Of Wider Newspaper Shift To Broadcast?
Gannett’s $1.5 billion deal with broadcaster Belo is one example of newspaper companies expanding into healthier broadcast businesses.
U.S. Remains the EU’s Biggest Trade and Investment Partner: Eurostat Figures
The most foreign investment in the European Union by far still comes from the U.S., figures for 2012 show.
G8 Topics To Include Role Of Central Banks, Free Trade, Tax Evasion and Transparency
The upcoming G-8 summit in Ireland will focus on central bank policy, tax evasion and free trade.
US Home Foreclosure Starts Edge Up Slightly in May, Bank Repos Rise Faster: RealtyTrac Report
Monthly foreclosure data show that U.S. foreclosures and bank repossessions rose in May, even amid a budding housing recovery.
US Budget Deficit Expands By $139 Billion On 10% Spending Hike: Treasury
There was a $1.09 trillion fiscal deficit by the end of fiscal year 2012, when $2.44 trillion was raised and $3.5 trillion was spent.
UK Regulators Investigating Possible Rate Manipulation Of Foreign Exchange Benchmark
Reported manipulation of a key foreign exchange benchmark has drawn extra scrutiny from a UK financial regulator.
Generic Drug Maker Teva Settles With Pfizer Over Patent Dispute, In Pharma Court Battle
Israel generic drug producer Teva will pay Pfizer $1.6 billion in a new patent dispute settlement announced Wednesday.
Fitch Ratings Upgrades India’s Debt Rating Back Up To ‘Stable’ From ‘Negative’
The Fitch credit agency upgraded India’s sovereign debt outlook back to ‘stable’ from ‘negative,’ about a year after its downgrade.
UK Unemployment Falls Amid Signs Nation's Economy Improving
The UK’s economy may be starting off a strong recovery, with an encouraging boost from the latest series of economic indicators.
EU Steps Up Fight Against Tax Evasion, With Automatic Data Sharing
The European Union has intensified its fight against tax evasion within Europe, and will call for similar measures to be adopted globally.
EU Sets Stance on PRISM, Controversial US Domestic Surveillance Program, Promises To Discuss Concerns With US Attorney General Eric Holder
The European Commission has said it will discuss the PRISM program with “force and determination” with U.S. authorities, to clarify policy.
European Union To Request WTO Ruling Against Chinese Steel Duties: EU Officials
The European Union reportedly will join Japan in a complaint against Chinese steel duties filed with the World Trade Organization.
US Companies' Hiring Plans Strongest Since 2009, But Global Hiring Outlook Remains Mixed: Manpower Employment Outlook Survey
Hiring expectations around the world remain a mixed bag as Europe and Asia stagnate and the U.S. rebounds.
Delta Air Lines and Virgin Atlantic Partnership to Receive Clearance from European Union
The European Union looks likely to approve a partnership between Delta Air Lines and Virgin Atlantic.
McDonald's Global Sales Show Uptick For First Time In Months
McDonald's posted higher global sales for the first time in months, perhaps due to new menu offerings and cheap deals.
Russian Brokerage Firm Aims To Set Up Country’s First ‘Dark Pool’ Trading System Away From The Moscow Exchange
A Moscow brokerage says it’s setting up a dark pool trading system for investors in Russian equity to take business from the Moscow Exchange.
European Union Imposes Fresh Regulations on Offshore Oil and Gas, Responding to 2010 BP Oil Spill
The European Union is set to regulate offshore oil and gas anew, responding to the massive 2010 BP oil spill.
Chinese Firm Wins Bid to Build Rival to Panama Canal in Nicaragua
A Chinese firm has won rights to build an alternative to the Panama Canal in Nicaragua.
US, China, and EU In Initial Talks on Global Agreements Over Solar Panel Trade, After Two Tariffs: US Trade Rep Nominee Michael Froman
The US, China and the EU are in initial talks to resolve trade tariff disputes related to the international solar panel trade.
Bangkok Trader Charged For $3 Million Of Insider Trading Related To Massive Shuanghui-Smithfield Deal: Securities And Exchange Commission
The SEC charged a Bangkok man with illegally profiting from insider trading worth $3 million.
UBS Tax Evasion Inquiry in France Draws in Swiss Parent Bank: Paris Prosecutors
French prosecutors have started probing UBS for its role in helping its French subsidiary provide offshore banking services to clients.
Samsung Electronics Falls by $12 Billion in Value After Smartphone Fears
Samsung lost $12 billion in market value after shares slid six percent, in its worst single plunge since August 2012.
Energy Boom Lit Up North Dakota Economy in 2012 As Fastest Growing State Saw 13.4% GDP Jump
It's no surprise which state led the GDP growth race in 2012: North Dakota - aided by the hydraulic-fracking energy boom.
North and South Korea to Discuss Reopening of Joint Kaesong Industrial Zone, In Rare Dialogue
North Korea has proposed talks with South Korea over reopening an economically vital joint industrial zone.
