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A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Euro Zone Falls Into 'Recession': Markit Report

The euro zone slid back into recession in March as output fell for the second quarter running, reaching a new three-month low, according to Markit's Eurozone PMI Composite Output Index on Thursday.
Obama Putin

Obama, Putin To Meet On Syria, Missile Defense

Putin, now Russia's president-elect, has said he would boycott the Group of Eight summit at Camp David and the NATO conference in Chicago this spring if U.S. missile defense plans weren't scrapped.

China Manufacturing Falters In March: HSBC PMI Shows

China's factory activities slumped for the fifth consecutive month as weakening domestic demand continued to weigh on growth. Spooked investors moved quickly out of riskier assets while hoping for further easing from Beijing.
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Special Report: Chinese firm helps Iran spy on citizens

A Chinese telecommunications equipment company has sold Iran's largest telecom firm a powerful surveillance system capable of monitoring landline, mobile and internet communications, interviews and contract documents show.
Two Capesize bulkers anchored in a Shanghai port

Biggest Freighters Hit Hardest In Global Shipping Storm

While shipping costs have been recovering over the past month from historical lows earlier this year, rates for the biggest vessels keep falling. Mistrust in the market, bad luck for iron exporters and a slowdown in world steel consumption are to blame.
Rising Gas Prices

5 Ways Rising Gas Prices Will Affect You

High oil prices affect politics, schools, jobs, public budgets and almost every industry. But current pressures could be augmented if war breaks out between Israel or the United States and Iran, with the result being a costly disruption in global supply.
Oil

Oil Drops Below $107 After Weak China PMI

Crude oil prices declined in European trade Thursday as sentiment was dampened after reports indicated a sharp slowdown in the Chinese manufacturing activity in March.

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