January 14, 2013
German truck maker MAN cuts shifts
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January 14, 2013
Indian inflation eases to 11-month low in December
Indian inflation slowed last month, boosting hopes of an interest rate cut when the central bank meets later this month. The annual rate of inflation eased to 7.18% in December, down from 7.24% in November, according to the Wholesale Price Index -…
January 11, 2013
UK economy ‘contracted in fourth quarter’
The UK economy contracted by 0.3% in the last three months of 2012, according to the National Institute of Economic and Social Research (NIESR). The NIESR blamed it on artificially strong growth in the third quarter. If the figure is confirmed by…
January 11, 2013
Ford to hire 2,200 extra US staff to meet growing sales
Ford plans to hire 2,200 new staff in the US this year, in response to the continuing rise in American car sales. The country's second-largest carmaker by sales, it said it would hire engineers, computer programmers and other office workers. Ford's…
January 11, 2013
Japanese government approves $116bn stimulus package
The Japanese government has approved a fresh 10.3 trillion yen ($116bn; £72bn) stimulus package in an attempt to spur a revival in its economy. The package will include infrastructure spending, as well as incentives for businesses to boost…
January 11, 2013
US trade deficit widens as imports increase
The US trade deficit widened unexpectedly in November, after a rise in the import of consumer goods. Figures from the Commerce Department showed that the gap widened by 16% to $48.7bn (£30.1bn). The markets were expecting the deficit to shrink. The…
January 11, 2013
Dreamliner plane review ordered by US regulators
US regulators have ordered a review of the 787 Dreamliner plane after a series of incidents put a question mark over the safety of Boeing's flagship plane. The review by the Federal Aviation Administration will look at the design and manufacture of…
January 8, 2013
Eurozone unemployment reaches new high
The unemployment rate across the eurozone hit a new all-time high of 11.8% in November, official figures have shown. This is a slight rise on 11.7% for the 17-nation region in October. The rate for the European Union as a whole in November was…
January 8, 2013
Iranian oil revenues ‘drop 45%’ because of sanctions
Iranian oil revenues have fallen around 45% in the last nine months because of Western sanctions, a leading Iranian politician says. Gholam Reza Kateb, an MP on the national planning and budget committee, said the country's economy as a whole was in…
January 8, 2013
Banks to pay $8.5b for foreclosure abuse
Ten major banks agreed yesterday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. The banks, which include JPMorgan Chase, Bank of America and Wells…