Archive for December 2012
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Egypt and Saudi Arabia have become the latest countries to suspend imports of Brazilian beef over a two-year-old case of mad cow disease. The two Middle Eastern nations on Monday joined Japan, China and South
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With two short sentences, the head of the European Central Bank took the heat out of the euro zone crisis this year. In 2013 Mario Draghi has to live up to even bigger expectations. The
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With two short sentences, the head of the European Central Bank took the heat out of the euro zone crisis this year. In 2013 Mario Draghi has to live up to even bigger expectations. The
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The Swiss central bank said Tuesday that it plans to open its first branch abroad, in Singapore, to better manage its growing foreign exchange reserves and assets in the Asia-Pacific region. "A local presence will
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Turkish carrier Pegasus Airlines said Tuesday that it has ordered up to 100 Airbus passenger jets, the biggest commercial plane deal to date by a Turkish airline and the first time that Pegasus has not
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US home builder confidence rose to its strongest level in more than 6-1/2 years in December, reinforcing the view that the housing market is on track for further improvement and will help the US economy.
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The US current account deficit shrank to its narrowest in nearly two years in the third quarter as weak domestic demand and lower oil prices curbed imports, a government report showed on Tuesday. The Commerce
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China's burgeoning economic recovery may need central bank easing to spur it along next year, as foreign investors scale back spending commitments in the face of a gloomy external outlook that clouds prospects for the
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The European Commission announced Tuesday that it was putting 1.2 billion euros ($1.56 billion) into renewable energy demonstration projects but had found no carbon capture ventures to back. EU Climate Change Commissioner Connie Hedegaard said
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India's central bank kept interest rates on hold on Tuesday, ignoring government pressure to reduce borrowing costs, but said it was shifting its focus towards boosting a flagging economy, raising the odds of a rate
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