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Economy News Headlines - Yahoo! News

Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.

• — Euro zone economy to shrink in 2012, EU stagnates

     (Thursday, 23 February 2012 04:11)

  BRUSSELS (Reuters) - The euro zone's economy is heading into its second recession in just three years, while the wider EU will stagnate, the EU's executive said on Thursday, warning that the area has yet to break its vicious cycle of debt. Economic output in the 17 nations sharing the euro will contract 0.3 percent this year, the European Commission said a report, reversing an earlier forecast of 0.5 percent growth in 2012. The wider, 27-nation European Union, which generates a fifth of global output, will not manage any growth this year, the Commission forecast. ...

• — EU expects eurozone to suffer mild recession

     (Thursday, 23 February 2012 04:10)

  

  — German business confidence sees 4th straight rise

     (Thursday, 23 February 2012 03:35)

  A closely watched survey shows that German business confidence has risen for the fourth consecutive month, as Europe's biggest economy continues to outperform much of the rest of the debt-hobbled continent.

• — World stocks rise as Greek debt deal fears recede

     (Thursday, 23 February 2012 03:32)

  World stock markets rose Thursday as fears receded over the viability of a deal reached by European leaders to save Greece from financial collapse and preserve its place among nations that use the euro.

  
  

• — Telecom Egypt sees flat revenue in 2012

     (Thursday, 23 February 2012 03:23)

  CAIRO (Reuters) - Landline monopoly Telecom Egypt expects its revenues to be little changed in 2012 and aims to maintain profitability at a level similar to last year as it continues a cost-cutting programme, its finance chief said. The company earlier reported a 6.8 percent decline in net profit and a 3.2 percent drop in revenue last year when Egypt's economy was thrown into turmoil by a popular uprising. "We are still optimistic on 2012," CFO Hassan Helmy told Reuters. ...

• — Telecom Egypt sees flat revenue in 2012

     (Thursday, 23 February 2012 03:22)

  CAIRO (Reuters) - Landline monopoly Telecom Egypt expects its revenues to be little changed in 2012 and aims to maintain profitability at a level similar to last year as it continues a cost-cutting programme, its finance chief said. The company earlier reported a 6.8 percent decline in net profit and a 3.2 percent drop in revenue last year when Egypt's economy was thrown into turmoil by a popular uprising. "We are still optimistic on 2012," CFO Hassan Helmy told Reuters. ...

• — S.Africa's top-two banks see double-digit profit growth

     (Thursday, 23 February 2012 03:14)

  JOHANNESBURG (Reuters) - South Africa's top two lenders said on Thursday they expected profits to rise by around 20 percent, the latest sign banks in Africa's largest economy are back on the road to recovery after a 2009 recession suppressed credit demand. Standard Bank Group Ltd, Africa's biggest lender by assets, said its full-year diluted headline earnings per share likely grew by between 18 and 22 percent, in line with the 19.5 percent average increase in a survey of 13 analysts by Reuters. ...

  
  

• — How the poll was conducted

     (Thursday, 23 February 2012 00:56)

  The Associated Press-GfK Poll on President Obama and the economy was conducted by GfK Roper Public Affairs & Corporate Communications from Feb. 16-20. It is based on landline and cellphone telephone interviews with a nationally representative random sample of 1,000 adults. Interviews were conducted with 700 respondents on landline telephones and 300 on cellular phones.

• — Poll: Obama benefiting from improving economy

     (Thursday, 23 February 2012 00:55)

  President Barack Obama is reaping political benefits from the country's brighter economic mood. A new poll shows that Republicans and Democrats alike are increasingly saying the nation is heading in the right direction and most independents now approve the way he's addressing the nation's post-recession period.

  
  

• — China risks economic crisis if no reforms: report

     (Thursday, 23 February 2012 00:18)

  China could face an economic crisis if it does not implement major reforms in the next 20 years, the Wall Street Journal said Thursday, citing a report by the World Bank and Chinese government researchers.

  
  

Yahoo! Elections - Destination 2012

• — Santorum suggests Romney and Paul conspiring against him

     (Wednesday, 22 February 2012 23:06)

  MESA, Ariz. -- Have Ron Paul and Mitt Romney made some kind of secret alliance to boost Romney to the nomination? Rick Santorum is starting to think so. After months on the campaign trail, Paul has largely chosen to focus his attacks on candidates not named Mitt Romney, most recently going after Santorum, the latest [...]

  
  

• — Mitt Romney feels the heat in Arizona debate

     (Wednesday, 22 February 2012 19:31)

  Mitt Romney fought for frontrunner status in front of a live national audience Wednesday night in the last debate before the crucial primaries on Feb. 28 in Michigan and Arizona. In his opening statement at the CNN GOP debate, Romney said "I want to restore America's promise, and I'm going to do that --" prompting [...]

  
  

• — Haley Barbour tells ABC News, 'Somebody else might get in'

     (Wednesday, 22 February 2012 17:45)

  Could the battle for the Republican nomination go all the way to the Republican convention in August? Could we see an entirely new candidate getting into the race? One long-time Republican leader tells ABC News the answer to both questions is yes. “If the Republican...

  
  

• — Santorum greets Tucson Tea Party under very high security

     (Wednesday, 22 February 2012 16:37)

  TUCSON, Arizona --The Tucson Tea Party didn't take any chances with security when they hosted Republican presidential candidate Rick Santorum at a meeting here Wednesday, just a few miles from where Rep. Gabrielle Giffords was shot last year while meeting with constituents. "Sen. Santorum is not intending to speak outside, for security reasons," the Tucson [...]

  
  

• — Obama urges corporate tax cut, closing loopholes

     (Wednesday, 22 February 2012 16:16)

  WASHINGTON (Reuters) - President Barack Obama made an opening offer in what could be a long negotiation with corporate America on Wednesday, putting forward his first clear plan to cut the corporate tax rate. Though it has little chance of becoming law in an election year with Congress deeply divided on fiscal issues, Obama's plan aligns him roughly with the Republican presidential challengers and could minimize the corporate tax rate as a political issue. The president proposed cutting the top corporate rate to 28 percent from 35 percent, addressing a long-standing gripe by U.S. ...

  
  

• — Romney retools his message as his lead shrinks in Arizona

     (Wednesday, 22 February 2012 15:33)

  CHANDLER, Ariz.—The campaign signs at Mitt Romney's first rally in Arizona in more than a week looked like a last minute print job. Red and white with a far more sparse design than his regular 2012 logo, the signs read "Mitt Romney AZ" and were printed on heavy letter stock paper that looked more like [...]

  
  

• — Obama, Romney release dueling tax plans

     (Wednesday, 22 February 2012 14:14)

  President Obama and Mitt Romney released dueling tax plans Wednesday, and helped define some key differences between the two candidates in this election year. Obama 's proposal would overhaul the corporate tax code with the goal of encouraging job creation and investment in the U.S., and reducing tax incentives for shifting operations overseas. "We want [...]

  
  

• — Top Line: Debate do’s and don’ts

     (Wednesday, 22 February 2012 07:38)

  The remaining four Republicans vying to challenge President Barack Obama in the fall gather on a debate stage Wednesday for the first time in several weeks — and the last time before Super Tuesday. There's a lot on the line for each of these guys — and in this week's 'Top Line,' ABC's Rick Klein [...]

  
  

• — AP source: Obama seeks 28 percent corp. tax rate

     (Wednesday, 22 February 2012 07:08)

  President Barack Obama is proposing to cut the corporate tax rate from 35 percent to 28 percent and wants an even lower effective rate for manufacturers, a senior administration official says, as the White House lays down an election-year marker in the debate over tax policy.

  
  

• — Arizona Republicans seek authentic conservatism

     (Wednesday, 22 February 2012 06:43)

  PHOENIX, Ariz. -- The latest CNN/TIME poll of Arizona Republicans shows roughly one third of likely primary voters might still change their minds about which candidate to support in the presidential primary next week. That decision-making was on full display here Tuesday at the El Zaribah Shrine Auditorium where Rick Santorum delivered the keynote address [...]

  
  

Yahoo! News: World News

World News

• — Europe's banks bleed from Greek debt crisis (Reuters)

     (Thursday, 23 February 2012 04:22)

  Reuters - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would continue to threaten earnings.

• — Afghans angry over Quran burnings attack US base (AP)

     (Thursday, 23 February 2012 04:21)

  AP - Afghan police on Thursday fired shots in the air to disperse hundreds of protesters who tried to break into an American military base in the country's east to vent their anger over this week's Quran burnings incident.

  
  

• — AP Interview: US envoy says no soldiers to Nigeria (AP)

     (Thursday, 23 February 2012 04:20)

  AP - The U.S. ambassador to Nigeria says his nation is offering support to the West African nation's fight against a radical Islamist sect, but ruled out sending troops to a country vital to American energy supplies.

• — Grasping at Straws: The Syrian Opposition Appeals to Russia (Time.com)

     (Thursday, 23 February 2012 04:15)

  Time.com - In the face of continuing bloodshed in their homeland, one anti-Assad group courts the regime's allies in the Syrian business community and Moscow. Is it all in vain?

• — What Iran's Inspection Rebuff Says About Prospects for Nuclear Diplomacy (Time.com)

     (Thursday, 23 February 2012 04:15)

  Time.com - Tehran's rejection on Tuesday of an International Atomic Energy Agency request to visit a sensitive military site signaled grim prospects for diplomacy resolving the nuclear standoff

• — Afghan protesters attack Norwegian base over Koran burning (Reuters)

     (Thursday, 23 February 2012 04:13)

  Reuters - Around 400 protesters hurled rocks and set fire to cars at a Norwegian-led military base in northern Afghanistan Thursday, as part of nationwide demonstrations against the burning of copies of the Koran at a NATO air base.

• — Widespread attacks in Iraq kill 50 (AP)

     (Thursday, 23 February 2012 03:58)

  AP - A rapid series of attacks spread over a wide swath of Iraqi territory killed at least 50 people on Thursday, targeting mostly security forces in what appeared to be another strike by al-Qaida militants bent on destabilizing the country.

  
  

• — Death toll in Iraq attacks rises to 50: sources (Reuters)

     (Thursday, 23 February 2012 03:12)

  Reuters - The death toll in a wave of bombings and other attacks across Iraq on Thursday has risen to 50, police and hospital sources said.

  
  

• — Screams haunt Honduran who freed inmates in fire (AP)

     (Thursday, 23 February 2012 03:10)

  AP - The screams haunt convicted murderer Marco Antonio Bonilla, even now as Honduras hails him a hero for saving hundreds of inmates from fire raging through their prison.

• — Thousands back Putin's presidential bid in Moscow (Reuters)

     (Thursday, 23 February 2012 02:23)

  Reuters - Thousands of people marched in Moscow under Russian flags, balloons and banners on Thursday to back Vladimir Putin's bid to return to the presidency and counter opposition protests that have challenged his authority.