Midwest manufacturing lowest in 12 years

Manufacturing in the U.S. Midwest fell to its weakest level in almost 12 years in November as steel and machinery production dropped, the Chicago […]

Akhtar to Step Down as Pakistan Central Bank Chief

Shamshad Akhtar, the first woman to be appointed governor of Pakistan's central bank, will step down on Jan. 1 when her three-year term ends, […]

In a bad economy, gold is, well, golden

DENVER — Investors who have forsaken shaky financial markets for the safety of gold must feel a little bit like prospectors.
As the […]

Philippine Inflation to Ease Further, Giving Room for Rate Cuts

Philippine inflation will probably slow for a fourth month in December, giving policy makers more scope to cut interest rates amid a global economic […]

Petrocan, locked-out workers strike deal

MONTREAL–Petro-Canada has struck a deal to end a 13-month lockout at its Montreal oil refinery.
The Calgary-based energy company said yesterday a ratification vote […]

Chrysler merger talks on again?

Merger talks between General Motors Corp. and Chrysler LLC are reportedly back on as the automakers try to find ways to survive as they […]

Fed’s Rate Cut May Prompt Bank of Japan to Follow

The Bank of Japan may this week follow the Federal Reserve deeper into the zero interest-rate world, beating European counterparts to the punch and […]

Economic woes unite Asian leaders

TOKYO–The leaders of China, Japan and South Korea yesterday held their nations’ first joint summit, which had been intended to overcome political animosities but […]

New tax helped sink housing market: Study

A controversial city of Toronto land-transfer tax implemented this year has had "significant negative effects on the housing market" by reducing sales and lowering prices […]

EU clears France’s bank bailout plan

BRUSSELS, Belgium – EU regulators on Monday cleared France's multi-billion euro fund to shore up banks and ease lending, as they set out new […]