Mar 21, 2013 07:54 EDT
German rail operator Deutsche Bahn said Thursday that profits rose sharply last year as passenger numbers hit record levels in face of soaring petrol prices.
Mar 21, 2013 07:27 EDT
British retail sales jumped 2.1 percent in February, official data showed on Thursday, after dropping by 0.7 percent in January when snow caused shoppers to avoid the high street.
Mar 21, 2013 07:23 EDT
Asian markets were mixed Thursday as Chinese data showing manufacturing activity in the world's number two economy picked up in March, while Tokyo was lifted by renewed weakness in the yen.
Mar 21, 2013 07:00 EDT
Cyprus was on Thursday fine-tuning a "Plan B" aimed at securing a eurozone bailout that the European Central Bank warned should be adopted by the weekend to avoid a banking meltdown on the debt-hit island.
Mar 21, 2013 06:52 EDT
PetroChina on Thursday reported that 2012 net profit fell 13.3 percent, despite increased production, as the oil giant was hit by a slowdown in the growth rate of the Chinese economy.
Mar 21, 2013 05:19 EDT
Eurogroup head Jeroen Dijsselbloem said Thursday that the Cyprus debt crisis poses a "systemic risk" that threatens to ricochet right through the eurozone.
Mar 21, 2013 01:58 EDT
Chinese netizens praised the US Treasury chief for eating a cheap dumpling lunch after meeting new President Xi Jinping, comparing his modest bill to the lavish spending habits of domestic officials.
Mar 21, 2013 01:01 EDT
The meeting of BRICS leaders in Durban next week could uncharitably be described as a summit of the world's emerging economic powers, plus South Africa.
Mar 20, 2013 23:19 EDT
Cypriot leaders are to decide on Thursday on a newly drawn up plan aimed at securing a bailout for the near-bankrupt eurozone member, after parliament rejected a controversial tax on savings.
Mar 20, 2013 23:05 EDT
Manufacturing activity in China improved in March after expanding at its slowest pace in four months in February, HSBC said on Thursday, lifting hopes for a pick-up in the world's number two economy.
Mar 20, 2013 22:47 EDT
The government will stick firmly to a barrage of austerity measures, Chancellor of the Exchequer George Osborne insisted in a budget that also slashed economic growth forecasts, while offering plans to boost the weak economy as the eurozone crisis reignites.
Mar 20, 2013 22:09 EDT
Japan logged another trade deficit in February, this time of $8.1 billion according to the latest figures, reversing a year-earlier surplus and underscoring the uncertain state of the world's third-largest economy.
Mar 20, 2013 21:49 EDT
Britain will stick firmly to a barrage of austerity measures, finance minister George Osborne insisted in a budget that also slashed economic growth forecasts, while offering plans to boost the weak economy as the eurozone crisis reignites.
Mar 20, 2013 20:17 EDT
Japan logged a trade deficit of $8.1 billion in February, reversing a year-earlier surplus as a weaker yen pushed import costs up, according to the latest government data.
Mar 20, 2013 19:36 EDT
New Zealand's economic growth reached a four-year high in 2012, the best since the country went through a recession that it has long struggled to shake off, official data showed Thursday.
Mar 20, 2013 17:56 EDT
West and Central African ministers have pledged to cooperate to halt the spread of sea piracy in the region at a meeting in Benin, West African bloc ECOWAS said Wednesday.
Mar 20, 2013 17:19 EDT
President Barack Obama notified Congress Wednesday that it would launch trade talks with the European Union aimed at forging the world's largest free-trade area.
Mar 20, 2013 17:14 EDT
US online retail giant Amazon began selling its advanced Kindle Paperwhite e-reader in Brazil this week, tapping into the biggest consumer market in Latin America.
Mar 20, 2013 16:40 EDT
US stocks recorded solid gains Wednesday as the Federal Reserve held steady on its policy of economic stimulus.
Mar 20, 2013 16:39 EDT
The Federal Reserve kept its easy monetary policies in place Wednesday, saying high unemployment and the government's sharp spending cuts remain barriers to full recovery from the 2008 crash.