economy

Russia: EU sanctions may undermine own recovery

The EU is expected to take the plunge Tuesday and impose tougher sanctions on Russia…

Japan jobless rate ticks up, offer ratio at 22-year high: govt

TOKYO - Japan's jobless rate rose for the first time in almost a year in…

Vatican appoints new head to scandal-plagued bank

The Vatican named French businessman Jean-Baptiste de Franssu to head up its scandal-hit bank on…

Fed's Yellen: 'pockets' of higher risk taking in US

Federal Reserve Chair Janet Yellen said Wednesday that she sees some rise in potentially dangerous…

Portugal raises $4 billion in dollar-denominated bonds

Portugal raised $4 billion (2.9 billion euros) Wednesday in its first sale of dollar-denominated bonds…

Forint falls on mortgage relief plan, EU debt threat

The Hungarian forint fell to a three-month low point on Wednesday when investors showed alarm…

Eurozone growth stalls, France lags, deflation threatens

Europe's fragile recovery is stalling, a batch of economic data showed this week, with analysts…

British economy grows 0.8% in first quarter

LONDON- Britain's economy grew by 0.8 percent in the first quarter of 2014 compared with…

China manufacturing grows for first time in six months: HSBC

China's manufacturing activity expanded in June for the first time this year as the effects…

African nations, IMF agree economic 'transformation'

MAPUTO(AFP) - African governments and the International Monetary Fund on Friday agreed on the urgent…