Layoffs by HSBC bank in Brazil will likely top 1,000 this week, the workers’ union said, after employees staged angry protests against job cuts by the London-based firm, AFP reported. HSBC slashed…
World Economy
EU finance ministers meeting in Brussels have announced a reduction in the $2.6 billion (€2.1 billion) surcharge demanded from the UK by December 1 in an apparent concession to British…
Airlines urged the European Union (EU) to press ahead with plans to merge national air corridors, rekindling debate about a reform that risks confrontation with air traffic controllers over…
Gold snapped a seven-day losing streak after data showed the US economy created fewer jobs than expected in November. But the precious metals still closed out the week 1.5% lower.
Gold for…
Russia’s Novolipetsk Steel, or NLMK, will keep its production volumes, despite Western sanctions against Russia, Vladimir Lisin, the chairman of the NLMK board of directors, told journalists.
Canada and China have signed a reciprocal currency deal that’s expected to dramatically boost exports.
The hub will foster far easier trade between the Canadian dollar and the Chinese yuan…
Crime is putting investors off Italy, costing the economy an estimated $20 billion (€16 billion) in foreign investment over the past eight years, the governor of the Bank of Italy said on Friday,…
Greece has requested additional financial assistance for agricultural producers from the European Union in connection with Russia’s food embargo against the EU, Itar Tass reported. At the request…
A Turkish company has cut down thousands of trees to make way for a power plant in the western town of Soma, in a move that angered activists, AFP said. Kolin Group – one of Turkey’s biggest…
Janet Yellen has a message for European central bankers struggling to decide whether more bond purchases are needed to stave off deflation: Do whatever it takes, Bloomberg reported.
Canada’s unemployment rate unexpectedly fell to a six-year low last month on hiring led by retailers and financial companies. Employment rose by 43,100 after a jump of 74,100 the…
AT&T Inc agreed to pay $1.7b to acquire Mexico’s third-largest wireless operator, Iusacell, as it seeks to grab a slice of a market with lower cellular penetration than the United States…
Japan has one of the largest pension funds in the world -- a massive $1.1 trillion -- and it’s starting to deploy more of that money in markets outside its homeland, including the United…
Russia’s central bank intervened to stop the national currency’s nosedive to record lows by saying it stands ready to intervene decisively in markets.
China’s exports rose more than estimated in October, signaling foreign demand may help sustain an economy forecast to grow at the slowest pace since 1990.
A Joint Ministerial Statement detailing new actions for deepening Asia-Pacific partnership to navigate the changing regional and global landscape and boost economic recovery was issued by APEC…
Mexico has abruptly cancelled a contract worth $3.75b with a Chinese-led rail consortium, just two days after it was awarded. The project to construct the country’s first bullet train faced…
EU authorities have expended more than €344 million from the pan-European reserves by way of financial support for the farming sector in the wake of the impact exerted on it by the Russian embargo…
Asian stock markets were cheered Friday by a record close on Wall Street and talk of further stimulus efforts from the European Central Bank, ABC News reported.
Chancellor Angela Merkel’s government proposed extra investment spending of 10 billion euros ($12.4 billion) starting in 2016 as her euro-area allies press Germany to do more to boost…
The current downsizing of the European auto industry is hitting workers not only at the assembly plants owned by the major global automakers, but also at the corporations that supply the parts.
Prime Minister Ahmet Davutoglu announced Wednesday a comprehensive plan to boost Turkey’s economy through wide-ranging structural reforms in various sectors, including trade, energy and health.
A house in London worth $1.58 billion has taken the very first place as the most expensive house in the world, beating the Buckingham Palace, the $1.55 billion royal residence of British kings and…
Eurozone ministers agree to a new credit line for Greece as it prepares to exit its bailout at the end of the year. The Greek government is trying to balance austerity measures imposed by the EU…
EU finance ministers looked set Friday to allow Britain to pay in installments the 2.1b euro surcharge after London flatly refused Brussels to settle the bill by December 1, AFP reported. The…
