Category Archives: business

Despite Greece, euro zone is turning the corner

By Paul Taylor By Paul Taylor LONDON (NEWS.GNOM.ES) – The latest episode of Greece’s debt crisis has revived doubts about the long-term survival of the euro, nowhere more so than in London, Europe’s main financial center and a hotbed of Euroskepticism. Continue reading

ECB braces for QE as others shift rates

By Philip Blenkinsop By Philip Blenkinsop BRUSSELS (NEWS.GNOM.ES) – Greek funding and quantitative easing in Europe, an expected rate cut in Australia and the buoyant U.S. labor market are set to be the focus of an economic week dominated by a host of central bank meetings Continue reading

Ukraine’s new US-born finance chief enduring baptism by fire

By JAMES ELLINGWORTH, Associated Press KIEV, Ukraine (AP) — War-torn Ukraine is a long way from Wood Dale, Illinois. But Natalie Jaresko, the country’s new finance minister who was born and raised in the Chicago suburbs, says she feels just as much at home here as she takes on a daunting task: overhauling a Soviet-era economy at a time when public finances are being drained by war. Continue reading

Homeland Security funding drama darkens U.S. fiscal outlook

By Richard Cowan and David Lawder By Richard Cowan and David Lawder WASHINGTON (Reuters) – Congress narrowly averted a partial shutdown of the U.S. domestic security agency late on Friday night, but the forces behind the chaotic episode remain – fractious Republicans and House Speaker John Boehner’s lack of control over them Continue reading

China’s manufacturing measure shows contraction for February

BEIJING (AP) — An index that measures China’s manufacturing activity went up slightly in February but still showed contraction amid China’s economy slowdown, according to official data released Sunday. The latest monthly purchasing managers’ index up to 49.9 from January’s 9.8, China Federation of Logistics and Purchasing reported. Continue reading

Venezuela to shrink U.S. Embassy staff, require tourist visas

By HANNAH DREIER CARACAS, Venezuela (AP) — Venezuela will shrink the size of the U.S. Embassy staff, limit the activities of U.S Continue reading

Hyundai recalls more than 200,000 Elantras over steering problem

WASHINGTON (NEWS.GNOM.ES) – Hyundai Corp is recalling 204,768 Elantras because of a power steering defect that might cause the cars to suddenly revert to manual steering, the company said Saturday in a report filed with U.S. auto safety regulators. The recall affects four-door Elantra sedans produced from June 1, 2008, to April 30, 2010, and 2009-10 model Elantra Touring hatchbacks, Hyundai said in a report on the National Highway Traffic Safety Administration website Continue reading

Airbus Group CEO says not ready for retirement: report

PARIS (NEWS.GNOM.ES) – Airbus Group Chief Executive Tom Enders has given the strongest hint yet that he may seek a new term as head of Europe’s largest aerospace company, telling a French newspaper he does not feel ready for retirement when his mandate expires next year. Asked by Le Journal du Dimanche about his priorities for the coming year, the last before his term expires in 2016, Enders said, “Let me clarify one thing: I don’t plan to retire in a year’s time Continue reading

Investigators search for what triggered Missouri rampage

By Kevin Murphy and Carey Gillam By Kevin Murphy and Carey Gillam KANSAS CITY, Mo. (Reuters) – What led Joseph Aldridge to gun down seven people in a southern Missouri hamlet remained uncertain on Saturday, though authorities speculated that the death of the gunman’s mother from cancer could have triggered the rampage. Aldridge, 36, embarked on a shooting spree late on Thursday in the rural community of Tyrone, going door-to-door in the wintry night, killing four relatives and three neighbors, and wounding another, before fatally shooting himself, police said Continue reading

Buffett looks to succession, signals future growth problem

By Luciana Lopez, Jonathan Stempel and Jennifer Ablan By Luciana Lopez, Jonathan Stempel and Jennifer Ablan NEW YORK (NEWS.GNOM.ES) – In his 50 years at the helm of Berkshire Hathaway Inc, Warren Buffett has transformed a failing textile company into a sprawling conglomerate that has vastly outperformed most of the rest of corporate America. But he now says: Do not expect a repeat of that outperformance in the next 50. In the 84-year-old’s annual shareholder letter released on Saturday, Buffett said Berkshire has grown so large – 751,000 times its original net worth per share – that the future pace of gains “will not come close” to those of the past. Continue reading