The decline in the euro zone's private sector eased a little this month, but a recession still looks inevitable with the region's periphery struggling badly, a key business survey showed on Thursday.
India's food inflation eased to 4.35 percent in the year to December 3 - its lowest reading since late February 2008 -- from an annual 6.60 percent rise in the previous week, government data showed on Thursday.
The International Monetary Fund stepped up pressure on Greece on Wednesday, saying promised reforms were behind schedule in most areas and the delays were stalling recovery from years of recession.
U.S. chief executives' view of the economy was little changed in the fourth quarter, though they are growing concerned about the risk of inflation in raw material prices, according to a survey released on Wednesday.
On a quiet stretch of the waterfront here, about a mile from Boston's main tourist sites, a Gillette factory hums along 24 hours a day making an unlikely commodity: top-of-the-line razors.
According to the latest poll, 49 percent of Americans now have an unfavorable opinion of Obama. Some 48 percent of the poll participants view Obama favorably. It's the first time his negative number his outweighed the positive number in the measure of popularity.
Canadian factory sales slumped in October after three months of gains, confirming suspicions the final stretch to the end of the year will see a slowdown from the brisk economic growth of earlier months.
Christine O'Donnell may think a lawn gnome can beat Barack Obama next year, but a new Reuters/Ipsos poll says otherwise. If the general election were held today, the poll found, Obama would beat Newt Gingrich by 13 percentage points and Mitt Romney by 8 points.
Foreign companies in China are concerned that a new social security tax on expatriate workers will raise business and living costs and leave payers unable to claim benefits, a survey by the American Chamber of Commerce showed on Wednesday.
Starting next year, fees in English universities will be as high as £9,000 ($13,946) per year -- almost triple the current maximum charge.
Regarding the payroll tax cut extension, the scene shifts to the Democratic-controlled Senate, after the Republican-led House Tuesday passed, on a largely party-line vote, an extension that contained many pet project items that Democrats oppose, including a speed-up of the controversial Keystone XL oil pipeline.
Nearly one-quarter (22 percent) of people between the ages of 16 and 24 are without work.
Thomas Cook will close 200 underperforming shops and 500 hotels and is lining up further disposals, as it battles to cut debt and restore confidence among investors and customers after a bailout by its banks.
President Barack Obama is expected to win the re-election in 2012, according to Oliver Pursche, co-portfolio manager of GMG Defensive Beta Fund.
Last month the International Energy Agency said in its World Energy Outlook that If, between 2011 and 2015, investment in the [Middle East and North Africa] region runs one-third lower than the $100 billion per year required, consumers could face a near-term rise in the oil price to $150/barrel.
The Federal Reserve on Tuesday pointed to turmoil in Europe as a big risk to the U.S. economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the U.S. labor market.
In a letter sent to the U.S. House of Representatives on Monday, the United States Conference of Catholic Bishops said lawmakers have a moral obligation to ensure unemployed Americans and their families are able to support themselves in an economy that has not been conductive to job growth.
Spending cuts proposed by a cash-strapped coalition government in London will likely also exacerbate the problem.
The Federal Reserve on Tuesday pointed to turmoil Europe as a big risk to the economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the labor market.
The Federal Reserve on Tuesday left monetary policy on hold but said financial market turbulence posed threats to economic growth, leaving the door open to further easing next year.
Congress has approved US employment extension benefits for 2012, stated a press release. So what should people do?
Since the 1960s, the United States has spent $16 trillion on the welfare state. This unfathomable price tag is more than our entire national debt, which just recently reached $15 trillion. With social welfare expenditure at about 35 percent of GDP, the obvious question is: Are the benefits outweighing the astronomical costs we pay?
