Business

May 10, 2011

China’s trade surplus beats forecasts, as yuan in focus

China's trade surplus was nearly four times bigger than expected in April, with exports far…

May 10, 2011

Republic of Ireland to get ‘EU loan rate reduction’

Ireland is to get an interest rate cut on the emergency loans it has acquired from EU bodies, the BBC has learned. Currently, Ireland pays an average rate of 5.8% on loans agreed with the IMF, fellow Eurozone countries and a special fund set up by…

May 10, 2011

Shares fall on fears Greece needs new bail-out

European stock markets have fallen on continuing concerns that Greece may require a new financial bail-out deal. The falls follow comments on Friday by Jean Claude-Juncker, chairman of the eurozone finance ministers, that Greece may need a…

May 10, 2011

Oil price bounces after record fall

Crude oil prices have recovered after last Thursday's commodity market rout. Brent crude futures rose 6.5% on Monday to over $116 a barrel, still well below their recent peak of more than $126. The relief rally comes after a week-long 17% decline in…

May 10, 2011

US tells China to look to its own consumers

US Treasury Secretary Tim Geithner has called on China to rely more on its own spending and less on exports. "The challenge is to lay the foundation for a new growth model, driven more by domestic demand," he advised his Chinese counterparts. His…

May 7, 2011

US Adds More Jobs Than Expected

President Barack Obama says the U.S. economy is recovering, after the nation added more jobs than…

May 7, 2011

US Stocks Close Higher

U.S. stock indexes advanced on Friday. The Dow Jones Industrial Average rose four-tenths of a percent to close at 12,639. The S&P 500 moved up four-tenths of a percent to end at 1,340 while the NASDAQ jumped nearly half a percent to 2,828.…

May 6, 2011

Latin America and the Caribbean was the region with the strongest growth in foreign investment in 2010

In 2010, Latin America and the Caribbean was the region with the strongest percentage…

May 6, 2011

Price Inflation and Food Shock

Today some of what passes for new information has to do with the fact that the price for practically everything with the possible exception of labour is set to move upward. This is what the economists mean when they talk about inflation; that…

May 5, 2011

Swiss seize millions belonging to Duvalier

Switzerland Monday moved to seize more than US$6 million frozen in Swiss…