Global automakers from Renault SA (Paris: RNO) to Ford Motor Company (NYSE: F) to Chinese companies like Geely Automotive are all racing to get a piece of the long-term potential promised by Africa's burgeoning automotive market. The continent's economy is on the rise, and despite very real improvements in the quality of life and standards of living in many African countries, risks for multinational manufacturers remain.
The Federal Reserve has room to deliver additional monetary stimulus to boost the U.S. economy, Fed Chairman Ben Bernanke told a Congressional oversight panel in a letter.
A Congressional Budget Office analysis released Wednesday warns the U.S. could be heading for a recession in 2013 if Congress enacts scheduled spending cuts and tax increases.
Using a model that incorporates state-level economic data, political scientists predict that Mitt Romney will notch a resounding 300 electoral votes -- far more than the 270 needed -- while capturing 52.9 percent of the popular vote.
The number of Americans lining up for new jobless benefits rose more than expected last week, the Labor Department said Thursday, suggesting little improvement in the labor market.
Puerto Ricans decide its future in November, weighing options that include remaining a U.S. territory or becoming a state. While some say Puerto Rican statehood is bad business for the U.S. others say the nation might be looking at the next swing state.
An unofficial gauge of human misery in the U.S. is now sitting at its lowest level in three years. Not four. In other words, while conditions have improved somewhat, Americans are still feeling miserable under President Barack Obama's watch and that obviously doesn't bode well for Obama's re-election chances.
All told, the number of ‘fat’ Americans far surpasses those of any racial, ethnic or religious minority.
The Iranian regime has good reason to restrict young people's access to education, regardless of gender.
The U.S. stock index futures point to a higher open Thursday as investor sentiment was lifted by expectations that policy makers around the world would announce monetary easing measures to regain the economic growth momentum.
Are you entitled or empowered? Do you feel you are owed, or do you feel you own something? This simple choice reflects your view of the world. It stands for your self-image.
At present, the widest wealth gap is found in Guatemala, while Venezuela boasts the most equitable income distribution in the region.
The Congressional Budget Office said Wednesday that the so-called fiscal cliff, the simultaneous tax hikes and government spending cuts that take effect Jan. 1, 2013, will send the U.S. economy into recession next year.
The themes of the Republican National Convention next week will be focusing on some of the economic and social problems Americans are facing under a Democratic White House.
Siemens AG (NYSE: SI), Europe?s largest engineering company, is in early internal talks to slash thousands of jobs after posting quarterly results that came in sharply below analysts? estimates, a German newspaper reported Tuesday.
The real estate erosion has gone global. Home prices are down in 12 of 21 countries tracked by the Economist on an annual basis in July, and five additional countries experienced slower growth.
South Africa's miner protests underscore a new dynamic -- the organizations that once wrested power from an oppressive minority are now being targeted as oppressors themselves.
Don?t say technology companies aren?t enormously profitable. An IBTimes review of the cash and investment holdings of 11 of the top technology leaders shows they are sitting atop nearly $375 billion in cash and investments ? or about 24 percent more since the last survey nine months ago.
Unemployment is still well above 8 percent, the cost at the pump is rising and consumers are still wary and cost-conscious, but recent surveys indicate back-to-school buys and the upcoming holiday shopping season will be as good as or better than last year. Still, the theme of the season is cautious optimism.
Beni Prasad Verma, Indian Minister for Steel, remarked Monday that inflation was good for the country as it would benefit the farmers. His pithy observation has given the opposition parties more meat to attack the government.
Republican Senate hopeful Rep. Todd Akin made headlines on Sunday with claims that women are extremely unlikely to get pregnant after "legitimate rape." After the controversy broke, Akin released a full statement claiming he "misspoke."
The minutes of the July 31-Aug. 1 meeting of the Federal Open Market Committee, to be released on Wednesday, will dominate markets in a week light on data.
Even at a time when paying for college has become a lifetime endeavor for the average Americans, having a college degree is still a worthwhile investment. Nearly four out of every five jobs destroyed by the recession were held by workers with a high school diploma or less.
Hungary's best and brightest are feeling pinched by an increasingly demanding government.
Nigerian President Goodluck Jonathan has plans to invest heavily in the country's future Olympians -- even though most of the population still lives in poverty.
Investors rewarded Portugal's efforts to trim its budget gap by sending the credit-default swaps on Portugal to a low of 725 basis points on Thursday, down from 1,515 in January and 1,237 in May, according to Bloomberg. The implied probability of Portugal defaulting on its debt fell to 46 percent from 73 percent.
The number of Americans lining up for new jobless benefits rose slightly more than expected last week, the Labor Department said Thursday, suggesting little improvement in the labor market.
US Stock Futures Signal Slightly Higher Open Ahead Of Jobs, Housing Starts, Building Permits Reports
U.S. stock index futures point to a slightly lower open Thursday ahead of the Labor Department's weekly jobless claims data and Census Bureau's reports on housing starts and building permits.
About the only things Americans seem to be eating when they go out are cheeseburgers, nacho platters, chicken sandwiches, curly fries and other fast-food fare.
Despite recent headline defaults, muni bonds have enjoyed a confidence born from historically low default rates, especially when compared to their riskier private sector cousins, corporate bonds.