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Economy

Wall Street Celebrates 8 Years of Bull Market 

By Yeco on Saturday, March 11, 2017

Happy birthday to the U.S. bull market! Eight years ago, the S&P 500 closed at 676.53, the low point for the worst bear market in equities since the Great Depression. “No one would have ever believed it possible at the …

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Economy

Caribbean Nations Huddle in Havana on Migration, Trade

By Yeco on Saturday, March 11, 2017

Foreign ministers and other officials from 25 Caribbean countries met in Havana on Friday to discuss a joint response in the face of Trump administration threats to migrants and trade. Opening remarks at the closed-door event, attended by representatives from …

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Economy

Panel Rules Venezuela Won’t Have to Pay $1.4B to ExxonMobil

By Yeco on Saturday, March 11, 2017

A World Bank arbitration panel has determined that Venezuela will not have to pay $1.4 billion to ExxonMobil for confiscating company assets during a wave of nationalizations.   ExxonMobil asked the bank’s investment dispute panel for $12 billion for the …

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Economy

U.S. Commerce Secretary Says NAFTA Talks to Launch Soon

By Yeco on Friday, March 10, 2017

U.S. Commerce Secretary Wilbur Ross says he hopes to launch formal talks to renegotiate the North American Free Trade Agreement with Mexico and Canada in a little more than three months. Ross spoke with reporters in Washington Friday, saying he …

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Economy

South African Taxi Drivers Hold Airport Protest Against Uber

By Yeco on Friday, March 10, 2017

South African taxi drivers on Friday blocked roads around Johannesburg’s main international airport to protest against ride-hailing company Uber, causing some passengers to miss their flights. The protest by drivers with metered cabs, who say Uber unfairly siphons business from …

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Economy

US Unemployment Drops Slightly; Economy Gains 235K Jobs

By Yeco on Friday, March 10, 2017

The U.S. economy had a net gain of 235,000 jobs in February, while the unemployment rate fell one-tenth of a percent to 4.7 percent. Friday’s report from the Labor Department was stronger than most economists expected. Some experts say it …

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Economy

US Productivity Records Smallest Annual Gain Since 2011

By Yeco on Wednesday, March 8, 2017

The productivity of American workers grew at a slower pace in fourth quarter and last year recorded the smallest annual gain in five years. The Labor Department said Wednesday that productivity grew at a 1.3 percent annual pace from October …

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Economy

Kenyan Women Lead Rise of Airbnb Female Entrepreneurs

By Yeco on Wednesday, March 8, 2017

Home-renting site Airbnb is providing women with a new way to earn money and build businesses with more women than men on the site and women in Kenya gaining the most, the company said on Tuesday. Airbnb said women have …

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Economy

China Grants Preliminary Approval to 38 New Trump Trademarks

By Yeco on Wednesday, March 8, 2017

China has granted preliminary approval for 38 new Trump trademarks, paving the way for President Donald Trump and his family to develop a host of branded businesses from hotels to insurance to bodyguard and escort services, public documents show. Trump’s …

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Economy

From Boardroom to Butcher Shop, Women Discuss Gender Inequality

By Yeco on Wednesday, March 8, 2017

Wednesday March 8 marks International Women’s Day, with festivals, concerts and exhibitions among the numerous events planned around the world to celebrate the achievements of women in society. The annual event has been held since the early 1900s and traditionally …

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Economy

World’s Working Women Discuss Gender Inequality

By Yeco on Wednesday, March 8, 2017

Wednesday March 8 marks International Women’s Day, with festivals, concerts and exhibitions among the numerous events planned around the world to celebrate the achievements of women in society. Reuters photographers have been speaking with women in a range of professions …

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Economy

Fearing Cuts to Bread Subsidy, Egyptians Protest

By Yeco on Wednesday, March 8, 2017

Hundreds of Egyptians protested around the country on Tuesday, blocking roads and surrounding government offices, after a change to the way bread rations are managed raised fears that the government was cutting food subsidies by the back door. Bread subsidies …

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Economy

Brazil’s Worst-ever Recession Unexpectedly Deepens in Late 2016

By Yeco on Tuesday, March 7, 2017

Brazil’s worst-ever recession intensified unexpectedly in the final quarter of 2016, data showed on Tuesday, frustrating hopes for signs of a recovery and stepping up pressure on President Michel Temer and the central bank to do more to promote growth. …

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Economy

Swiss Firms Will Strive for More Gender Diversity in Workplace Leadership

By Yeco on Tuesday, March 7, 2017

Swiss firms from food and beverage giant Nestle to banking groups UBS and Credit Suisse pledged new goals on Tuesday for supporting and promoting women. While Switzerland has Europe’s second-highest proportion of women in the workforce, it trails global standards …

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Economy

US Trade Deficit Hits Highest Level in Nearly 5 Years

By Yeco on Tuesday, March 7, 2017

The U.S. trade deficit in January hit the highest level in nearly five years. Tuesday’s report from the Commerce Department says the gap between what Americans sell to foreigners and what U.S. customers buy from overseas grew by 9.6 percent …

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Economy

Study: Healthy Sex Life Leads to Better Job Satisfaction

By Yeco on Tuesday, March 7, 2017

The secret to better job satisfaction may be as easy as having a healthy sex life, a new study suggests. According to researchers at Oregon State University, married employees who “prioritized sex at home” were better workers and enjoyed work …

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