Economies

Economic Recommendations to Spain by European Commission

Spanish Prime Minister Mariano Rajoy speaks during a conference hosted by the Financial Times newspaper titled 'Restoring Competitiveness' at the Ritz hotel on Oct. 14, 2014, in Madrid, Spain. (Denis Doyle/Getty Images)
Spanish Prime Minister Mariano Rajoy speaks during a conference hosted by the Financial Times newspaper titled 'Restoring Competitiveness' at the Ritz hotel on Oct. 14, 2014, in Madrid, Spain. (Denis Doyle/Getty Images)

MADRID—In October 2014, the European Commission (EC) proposed a series of measures for Spain, says its report Country-Specific Recommendations 2014. Among these suggestions, EC stresses...




  • Argentina's Central Bank in Buenos Aires on Jan. 8, 2010. (Juan Mabromata/AFP/Getty Images)

    Argentina Issues $1 Billion, 2-Year Gov’t Bonds

    BUENOS AIRES, Argentina—Argentina began offering a new two-year sovereign bond for $1 billion on Thursday, at a time when the government is desperately looking for fresh sources of financing. The bond issue will be... Read more

  • Chiquita bananas are on display at a grocery store in Bainbridge, Ohio., on Aug. 3, 2005. Changes to the proposed merger agreement between Chiquita and the Irish fruit company Fyffes will give Chiquita shareholders a larger stake in what would become the world’s largest banana supplier. Chiquita and the Irish fruit company Fyffes said Friday Sept. 26, 2014, that shareholders of Chiquita Brands International Inc., under the revised deal, will hold nearly a 60 percent stake, up from about 51 percent. (AP Photo/Amy Sancetta)

    Brazilian Companies Raise Chiquita Offer to $681M

    NEW YORK—Brazilian companies Cutrale and Safra said they are again raising their bid for banana producer Chiquita, to $681 million — a day before Chiquita... Read more

  • In this Oct. 14, 2014 file photo, Perry Loyola sorts apples before they are pressed for juice and used for cider at Samascott Orchards in Kinderhook, N.Y. The Conference Board on Thursday, Oct. 23, 2014 said that its index of leading indicators rose 0.8 percent in September following a flat reading in August which originally had been reported as a small 0.2 percent gain. It was the best showing since a 1.1 percent advance in July. (AP Photo/Mike Groll, File)

    Economic Indicator Index Shows US made 0.8 Percent Gain in September

    WASHINGTON—A gauge designed to predict the economy’s future health posted a solid increase in September after no gain in the previous month. The Conference Board... Read more

  • In this file photo made on Wednesday, Sept. 10, 2014, signs welcome visitors to a model home as construction is under way at a housing development in Zelienople, Pa. Freddie Mac reports on average U.S. mortgage rates for this week on Thursday, Oct. 23, 2014. (AP Photo/Keith Srakocic, File)

    Average 30-year Mortgage Rate Falls to 3.92 Percent

    WASHINGTON— Average U.S. mortgage rates continued to slide this week, raising prospects of a wave of consumers refinancing their loans. The 30-year mortgage fell further... Read more

  • This Oct. 2, 2014 photo shows a Wall Street sign adjacent to the New York Stock Exchange, in New York. Earnings gains from General Motors, 3M and other big companies are driving stocks sharply higher in early trading Thursday, Oct. 23, 2014. (AP Photo/Richard Drew)

    Wall Street Stocks Rise on Corporate Earnings Gains

    NEW YORK—U.S. stocks rose sharply in afternoon trading Thursday, driven by encouraging earnings from companies including Caterpillar and 3M. Investors were also encouraged by some... Read more

  • FILE - In this Oct. 1, 2014 file photo, a 2015 Chevrolet Silverado 2500 4WD LTZ Crew Cab pickup truck is on display at Miami Lakes AutoMall in Miami Lakes, Fla. General Motors reports quarterly earnings on Thursday, Oct. 23, 2014. (AP Photo/Wilfredo Lee, File)

    GM 3rd-Quarter Profit Nearly Doubles, Led by North America

    DETROIT—Big profits from rising SUV and truck sales in North America helped General Motors nearly double its third-quarter net profit and more than offset its... Read more

  • FILE - This Feb. 15, 2011 file photo, shows a Comcast logo on a Comcast installation truck in Pittsburgh. Comcast reports quarterly financial results on Thursday, Oct. 23, 2014. (AP Photo/Gene J. Puskar, File)

    Tax Settlement Boosts Comcast 3rd-quarter Results

    NEW YORK— Comcast Corp.’s third-quarter net income jumped 50 percent in the third quarter, helped by a one-time tax settlement, growth in Internet subscribers and... Read more

  • People enter an unemployment registry office in Madrid, Spain, Friday, Jan. 3, 2014.  Banner reads "Employment office". (AP Photo/Andres Kudacki)

    Spanish Jobless Figure Drops as Economy Picks Up

    MADRID— Spain’s unemployment rate dropped to 23.7 percent in the third quarter from 24.5 percent in the previous three-month period thanks to a recovering economy... Read more

  • (Shutterstock*)

    Top 20 US Cities for Tech Startup Funding

    When you think of tech startups, you probably think Northern California. Companies there receive the largest share of funding from venture capitalists, but there are... Read more

  • Panorama of the city of Matera (Shutterstock*)

    Italian City Matera Was Chosen Europe’s Capital of Culture in 2019

    ROME—A victory for the South of Italy: the coronation of Matera to become Europe’s capital city of culture in 2019. A victory, seen as a... Read more

  • A specialist works at his post on the floor of the New York Stock Exchange Wednesday, Oct. 22, 2014. Stocks are opening mixed as investors look over earnings reports from US companies. (AP Photo/Richard Drew)

    Stocks Fall on Wednesday Trading; Could End 4-Day Winning Streak

    NEW YORK—Stocks fell in late afternoon trading on Wednesday, a day after the Standard & Poor’s 500 index had its biggest gain of the year. That broad... Read more

  • The sun sets beyond the Los Angeles skyline, as seen from Dodger Stadium in Los Angeles on Jan. 21, 2011. The relocation of tech companies to southern California is part of a growing movement of US cities seeking to duplicate the formula that turned northern California’s Silicon Valley, slightly south of San Francisco, into a mecca of society-shifting innovation and immense wealth. (AP Photo/Mark J. Terrill)

    ‘Silicon Beach’ Brings Tech Boom to Los Angeles

    LOS ANGELES—So long Silicon Valley. These days entrepreneurs and engineers are flocking to a place better known for wave surfing than Web surfing. Amid the... Read more

  • The Bank of Canada maintained the overnight rate at 1 percent in its seventh interest rate announcement of 2014 on Oct. 22. (Epoch Times)

    Bank of Canada Holds Policy Rate at 1% With Risks Balanced

    OTTAWA—As widely expected, the Bank of Canada kept its target for the overnight rate at 1 percent on Wednesday, as inflationary pressures remain subdued and... Read more

  • The government is warning the owners of 7.8 million cars kept in humid environments that the airbag might shoot metal fragments upon deploying.

    Social Security Benefits Increasing by 1.7 Percent

    WASHINGTON—Millions of older Americans who rely on federal benefits will get a 1.7 percent increase in their monthly payments next year, the government announced Wednesday... Read more

  • In this Sept. 18, 2014 photo, Emily Collins orders mini donuts at the Night Market at the Kalamazoo Farmers Market in Kalamazoo, Mich. (AP Photo/Kalamazoo Gazette-MLive Media Group, Katie Alaimo)

    Consumer Prices Rose 0.1 Percent in September

    WASHINGTON—U.S. consumer prices edged up slightly in September, with the overall increase held back by a third straight monthly decline in gasoline prices. The tiny... Read more

  • A trader works on the floor of the New York Stock Exchange (NYSE) on Oct. 21, 2014, in New York City. Despite news of a slight slowdown in the Chinese economy, the Dow rose again today, finishing up over 200 points. (Spencer Platt/Getty Images)

    Big Slump Is No Cause to Ditch Stock Market

    NEW YORK—After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger... Read more


    Top