World Business
Officials: Overhaul Europe’s aid triad
posted: 05/18/2013 3:46 a.m. Discuss
Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis — and who should be involved.
European car sales improve 1.7 percent
posted: 05/18/2013 3:41 a.m. Discuss
The European auto industry may be showing the first signs of a slowdown in its sales free-fall, according to data from the European automaker’s association.
India, China airlines face clean-air fines
posted: 05/18/2013 3:38 a.m. Discuss
The European Commission said Thursday that Air China and Air India are among 10 Chinese and Indian airlines facing the prospect of fines and exclusion from airports in the European Union for refusing to comply with rules aimed at regulating greenhouse emissions.
Eurozone sinks for 6th quarter
posted: 05/16/2013 3:50 a.m. Discuss
The eurozone is now in its longest recession — beating even the calamitous slump that hit the region in the financial crisis of 2008-9.
Eurozone recession extends into 6th quarter
posted: 05/15/2013 8:47 a.m. Discuss
PARIS — The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter — longer than the slump that hit the region in the financial crisis of 2008-’09.
2 OK Bangladesh-safety plan
posted: 05/14/2013 2:45 a.m. Discuss
SAVAR, Bangladesh — Major Western brands embraced a safety plan that would require them to help pay for factory improvements in Bangladesh as the nearly threeweek search for victims of the world’s worst garment-industry disaster ended Monday with the death toll at 1,127.
Mexico, seeking U.S. retirees, looks at tweaks to land-ownership rules
posted: 05/14/2013 2:42 a.m. Discuss
MEXICO CITY — Mexican legislators, seeking to make their country more attractive to U.S. retirees, are pushing to lift a major impediment for foreigners who want to own a piece of Mexico’s Pacific or Caribbean coasts.
Real estate boom low-key in Cuba
posted: 05/12/2013 2:43 a.m. Discuss
HAVANA — In some ways, Yosuan Crespo’s real estate office resembles any you might find in New York, London or Tokyo.
Dollar hits 4-year high versus yen
posted: 05/11/2013 3:36 a.m. Discuss
The dollar rose above 100 yen for the first time in more than four years Friday, driven by aggressive credit-easing aimed at reviving Japan’s sluggish economy and improved U.S. economic figures.
Japan’s policies studied by G-7
posted: 05/11/2013 3:33 a.m. Discuss
Financial leaders from the world’s top seven developed economies are gathering in the United Kingdom to discuss how to shore up the global recovery just as the stimulus measures of one its members, Japan, has caused its currency to take a dramatic slide.
NLR archivist faces New Zealand snag
posted: 05/11/2013 3:32 a.m. Discuss
John Rogers, the North Little Rock photo archivist who owns more than 200 million photos, has agreed to buy thousands of pictures from dozens of New Zealand newspapers, but some Kiwis are questioning the legality of the transaction.
Business news in brief
posted: 05/11/2013 3:27 a.m. Discuss
QUOTE OF THE DAY “Probably our best defense against complacency during extended periods of calm is careful monitoring for signs of emerging vulnerabilities.” Ben Bernanke, Federal Reserve chairman Article,this page
China’s April inflation a mild 2.4%
posted: 05/10/2013 3:30 a.m. Discuss
Inflation in China rose slightly in April amid concerns about the strength of its economic recovery.
Business news in brief
posted: 05/10/2013 3:22 a.m. Discuss
QUOTE OF THE DAY “That’s the first time IMS has ever measured a decline in the 58 years we’ve been monitoring drugs.” Michael Kleinrock, director of research development, IMS Institute for Healthcare Informatics, on a drop in prescription medication spending Article, 1D
Toyota profit more than doubles
posted: 05/09/2013 3:42 a.m. Discuss
Toyota’s quarterly profit more than doubled to $3.2 billion as cost cuts and better sales worked with a weakening yen to add momentum to the automaker’s comeback.
