Australia will allow mining companies to use foreign workers to help address chronic labor shortages, with mining magnate Gina Rinehart's A$9.5 billion ($9.2 billion) Roy Hill iron ore project winning approval on Friday to bring in 1,715 workers.
| Posted By:
| Source: CNBC.com
Investors have little choice now but to cling to low-yielding U.S. government debt as European leaders ponder a messy Greek exit from the euro zone, Pimco's Bill Gross told CNBC.
Jobless claims fell slightly last week, while demand for long-lasting U.S. manufactured goods rose less than expected in April, raising concerns about the U.S. economic recovery.
| Posted By:
| Source: CNBC.com
New York Fed President Bill Dudley, a leading dove on the Federal Open Market Committee, sounding a somewhat hawkish tone in an exclusive CNBC interview, suggested he does not at the moment see a need for additional easing from the central bank.
Wednesday, 23 May 2012 | Source: CNBC.com
The continuing decline in the European economy is a "concern" for Nissan but it is somewhat offset by growing markets in Russia, China, “and even in the United States,” Andy Palmer, Nissan’s executive vice president, told CNBC's 'Squawk Box' on Wednesday.
Tuesday, 22 May 2012 | Source: CNBC.com
Unfortunately, many people decide to retire without really thinking through the decision, and that can have dire circumstances.
Monday, 21 May 2012 | Posted By:
| Source: CNBC.com
Government spending cuts in developed countries are hurting job creation and exacerbating global youth unemployment, which remains close to the peak hit during the 2009 crisis, the International Labour Organization said on Tuesday.
Monday, 21 May 2012 | Source: Reuters
The U.S. economy needs "measured" efforts to bolster growth, but the central bank should focus on improving its communications because circumstances do not warrant further bond buying at this time, a top Federal Reserve official said on Monday.
Monday, 21 May 2012 | Source: Reuters
Lowe's, the world's second-largest home improvement chain, cut its fiscal-year earnings outlook on Monday and said demand had slowed toward the end of the traditionally strong first quarter, sending its shares down more than 3 percent.
Monday, 21 May 2012 | Source: Reuters
The U.S. labor market will strengthen significantly next year, with monthly job growth expected to average 200,000, according to a new survey published on Monday.
Monday, 21 May 2012 | Source: Reuters
A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe's biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday.
Thursday, 17 May 2012 | Posted By:
| Source: CNBC.com
Senior U.S. officials say President Obama will use his time with G8 leaders at Camp David this weekend to urge Europe to use the tools it has created to handle its financial crisis and to use them aggressively.
Thursday, 17 May 2012 | Source: Reuters
Europe's debt crisis, higher oil prices and the year-end budget cuts and tax increases still remain risks to the U.S. economy, Treasury Secretary Timothy Geithner said on Thursday.
Thursday, 17 May 2012 | Source: Reuters
New U.S. claims for unemployment benefits were unchanged last week, according to government data on Thursday that will do little to ease concerns about a recent slowdown in jobs growth.
Thursday, 17 May 2012 | Source: Reuters
Topless dancers at the renowned Crazy Horse night club in Paris have gone on strike, saying they are not being paid enough to take the shirts off their backs.