Suddenly, Europe Is Taking a Harder Line on Russia Sanctions
2014-04-16 01:21:48 UTC
As violence escalates in eastern Ukraine, Europe is moving toward an action some thought it might never take: the imposition of stringent economic sanctions on Russia. Angela Merkel, the Russian-speaking German chancellor whose country has more at...
IMF were "deeply disappointed" if US Congress failure to act
2014-04-13 01:03:47 UTC
The 188-country International Monetary Fund concluded weekend meetings with pledges to work toward faster growth that will alleviate still-high unemployment.
The United States came in for criticism in that statement.
It said officials were "de...
U.S. Global Growth Engine Putt-Putts Instead of Purring
2014-04-11 16:29:07 UTC
The U.S. is resuming its role as an engine of global growth, this time one that just putt-putts along instead of purring.
As the International Monetary Fund declares the strengthening U.S. economy is providing a “major impulse” to the world, ec...
Unemployment insurance: Boehner may not allow vote on Bill
2014-04-09 09:31:30 UTC
A bipartisan attempt to restore unemployment insurance to more than two million out-of-work Americans appeared likely to fall victim to deadlock in Congress on Tuesday.
The Senate passed legislation on Monday night that would temporarily extend...
Angela Merkel approves Germany's first minimum wage
2014-04-02 16:29:21 UTC
German Chancellor Angela Merkel has approved the country's first minimum wage, at 8.50 euros an hour (£7; $11.75), to start in 2015.
At the moment, the country is one of seven in the 28-nation EU without a minimum wage level.
Germany has rel...
Toyota built $400,000 Lexus LFA with carbon fiber body
2014-04-01 03:28:30 UTC
Befitting a car wearing a body woven from carbon fiber, there’s more to servicing a Lexus LFA than a wrench and a forklift.
Repairing and maintaining the 38 LFAs in Europe falls to Toyota Motorsport, the Japanese carmaker’s racing development b...
Last words from MH370: Good night Malaysian three seven zero
2014-04-01 00:56:17 UTC
On Monday, Malaysia's Transport Ministry said the final voice transmission from the cockpit of Flight 370 was actually "Good night Malaysian three seven zero." Weeks ago, Malaysian authorities said the last message from the airplane cockpit was, "...
MH370: 10 questions that are still unresolved
2014-03-29 19:45:29 UTC
<h3>As the search for missing Malaysia Airlines flight MH370 continues in the southern Indian Ocean, some key questions remain unanswered.</h3>
Here are 10 questions about what happened to the Boeing 777 that disappeared after leaving Kuala Lum...
German companies worry about sanctions spiral
2014-03-26 04:41:12 UTC
<h3>A new week of Ukraine crisis management has just begun and German companies are nervously following negotiations. Further sanctions against Russia could have serious consequences for foreign investors.</h3>
US president Barack Obama has shown...
What the Wolves of Wall Street can teach us about risk
2014-03-25 07:46:57 UTC
"What a commentary on the state of twentieth-century capitalism," mused "motivational speaker" Jordan Belfort as he looked back on his life of fraud, sex, and drugs. As head of the brokerage firm Stratton Oakmont, he fleeced investors of hundreds ...
Russia warns of investor flight
2014-03-25 07:33:43 UTC
<h3>Russia expects investors to move up to $70bn of assets out of the country in the first three months of this year</h3>
The sign that investors are becoming nervous about Russia comes amid sanctions and tensions over Ukraine.
Speaking to r...
Visa & MasterCard block Russian bank, Russian shares fell sharply
2014-03-22 07:43:01 UTC
Visa and MasterCard have blocked credit card services to some Russian bank customers as a result of US sanctions.
Four banks are so far affected, all of which have links to Russians blacklisted by the US.
Visa and MasterCard, both US-based c...
Yellen to enter spotlight as new leader of Fed
2014-03-19 06:32:08 UTC
WASHINGTON (AP) — Investors will be watching closely Wednesday for any hints of how a Janet Yellen-led Federal Reserve might differ from the path set by her predecessor, Ben Bernanke.
The Yellen era will begin in earnest when the Fed ends two d...
Obama invites G7 leaders for meeting on Ukraine
2014-03-18 14:16:12 UTC
WASHINGTON (AP) — President Barack Obama is gathering allied leaders for a meeting in Europe next week to discuss further action in response to Russia's involvement in Ukraine.
White House spokeswoman Caitlin Hayden said Obama on Tuesday invite...
US factory output rose in Feb. by most in 6 months
2014-03-17 18:16:12 UTC
WASHINGTON (AP) — U.S. factory output rebounded strongly in February after harsh winter storms caused a steep drop-off in production in January. Manufacturers produced more autos, home electronics and chemicals.
The Federal Reserve said Monday ...
US producer prices dip 0.1 percent in February
2014-03-14 17:28:14 UTC
WASHINGTON (AP) — The prices companies receive for their goods and services fell slightly in February, the latest sign that inflation is tame.
The producer price index, which measures price changes before they reach the consumer, dropped 0.1 pe...
China picks owners for 5 new private banks
2014-03-11 16:30:28 UTC
BEIJING (AP) — Ten companies including Internet giants Alibaba and Tencent have been picked to invest in China's first five privately owned banks, the industry's chief regulator said Tuesday.
The planned banks, part of sweeping reform plans ann...
East European countries ask for natural gas from United States
2014-03-10 05:45:18 UTC
(Reuters) - Four central European countries have asked the U.S. Congress to make it easier for them to import natural gas from the United States and reduce their dependence on supplies from Russia, the Czech Foreign Ministry said on Saturday.
Japan sees future business in Fukushima cleanup
2014-03-08 09:29:21 UTC
TOKYO (AP) — There is something surprising in the radioactive wreck that is the Fukushima Dai-ichi nuclear power plant: opportunity. To clean it up, Japan will have to develop technology and expertise that any nation with a nuclear reactor will on...
Pledged, planned and recalled aid for Ukraine
2014-03-06 07:01:04 UTC
BRUSSELS (AP) — The United States and the European Union have offered financial aid to Ukraine and Russia has halted its rescue program for the country. The moves are part of the international tussle over Ukraine's political and economic future, p...
Apple dials up effort to meld iPhone with cars
2014-03-03 22:10:41 UTC
SAN FRANCISCO (AP) — Apple is accelerating the race to make smartphone applications easier and safer to use in cars.
Ferrari, Mercedes-Benz and Volvo are previewing Apple's iPhone technology for cars this week at an auto show in Geneva.
Coal crunch gives impetus to India's solar switch
2014-02-28 07:55:50 UTC
NEW DELHI (AP) — For six years in a row, India's monopoly coal producer has missed its production targets, leading to chronic electricity shortages and sending power producers scrambling for pricier imports. But what looks like a looming c...
Collapse of exchange spells trouble for bitcoin
2014-02-26 11:21:14 UTC
TOKYO (AP) — The sudden disappearance of one of the largest bitcoin exchanges only adds to the mystery and mistrust surrounding the virtual currency, which was just beginning to gain legitimacy beyond the technology enthusiasts and adventurous inv...
600-plus business groups press for immigration
2014-02-25 21:46:55 UTC
WASHINGTON (AP) — More than 600 business organizations, from the U.S. Chamber of Commerce to Apple to McDonald's, have sent a letter to House Speaker John Boehner (BAY'-nur) pressing him to move on immigration legislation this year.
The 636 gro...
German exports drive Q4 growth
2014-02-25 08:54:44 UTC
BERLIN (AP) — Exports helped propel the German economy to 0.4 percent growth in the fourth quarter while domestic demand dropped, underlining concerns that Europe's largest economy is relying too heavily on foreign trade.
The Federal Statistica...