Despite rapid economic growth in the Philippines in recent years, unemployment remains a problem, the Financial Times reports.» Read More
Andalusia has the highest unemployment rate among Spain’s 17 regions, 29.7 percent at the end of the first quarter, according to the National Institute of Statistics. That compares with a national jobless rate of 21 percent, double the European Union average.
The money manager Martin D. Sass loves a good bargain. He snapped up his 1995 Donzi motorboat after it had been repossessed from its previous owner. He made a take-it-or-leave-it offer for a home on Long Island that had been on the market for years, only to later discover he had bought Vincent Astor’s summer home, the New York Times reports.
The economy has struck a soft patch that is likely temporary, and the second half of the year should be better, some economists say.
If the stock market is going to struggle next month, the jobs report to be released Friday of next week could be as good a trigger as any.
Republican presidential contender Tim Pawlenty said he can unite the party and defeat President Obama in 2012.
There are few things more American than bubble gum and baseball cards. This is something Topps, the nation’s leading manufacturer of Bazooka gum and sports cards, has known for more than 60 years. And that's the way things are staying.
The first thing Silvia Huelves was told when she started studying architecture was that she should take up Chinese or Japanese -- she was never going to build anything in Spain any time soon.
New data on the consumer and housing greet what promise to be thinly traded markets Friday, ahead of the long Memorial Day weekend.
"We can put our finger on the problems, and they're temporary, I think," says one economist. "Oil prices were a blow. You can see that in the consumer spending numbers in Q1, and prices are coming back down."
CNBC's Rick Santelli & Steve Liesman breakdown the initial jobless claims data, up 10,000 and the GDP revision, up 1.8 percent.
The policy of no default, no change to euro membership and providing a bailout fund has not worked, writes Moorad Choudhry, Head of Business Treasury, Global Banking & Markets, Royal Bank of Scotland.
Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year, a RealtyTrac report said Thursday.
President Obama meets his peers, Tiffany reports earnings after the earthquake and Google jumps into the mobile payment game. Here's what we're watching...
Thursday rolls around again, and so do weekly jobless claims, the new nail-biter number traders are watching.
As more and more steps of the manufacturing process are outsourced to other countries, American products are harder to find, and often more expensive to purchase. Can "Made in America" survive in a global economy?
Greece should receive another tranche of aid from the European Union to enable it to have a second chance and restructure later, according to an analyst.
The developing world is losing momentum and the risk is that this transfers to a loss of earnings momentum for the big internationals in the leading indices like the S&P 500, the DJ Euro Stoxx and the FTSE 100.
The Greek government is unsurprisingly unable to find consensus on new, even stronger austerity measures aimed meeting the terms of its bailout by the European Union and the International Monetary Fund.
European leaders are pushing to impose measures that would ensure the Greek government lives up to its promise to deliver €50 billion ($70 billion) in privatization proceeds, amid skepticism that Athens can carry out the sell-offs reports the FT.
Financial repression is a term that has been making headlines recently. Associated with default via forced lending to governments, low rates, cross border capital controls and high inflation, financial repression allows the indebted to lower the cost of their debt at the expense of creditors.