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Jul 04, 2014

San Miguel Thirsts for Deals

San Miguel Corp. is looking to acquire a regional company, a move that will grow what is already the largest company in the Philippines, with sales that last year accounted for 6.5% of gross domestic product...

Jun 25, 2014

GDP shrinks 2.9% in first quarter of 2014

The U.S. economy was in deeper trouble than previously thought in the first quarter. Gross domestic product shrank by a whopping 2.9% between January and March amid a slowdown in exports and consumer spending...

Jun 25, 2014

A Recovery in Need of a Recovery: Economy in First Quarter Was Worse Than Everybody Thought

Revised estimates of first-quarter gross domestic product show it was the worst quarter since the recession ended five years ago...

Jun 25, 2014

A Recovery in Need of a Recovery: Economy in First Quarter Was Worse Than Everybody Thought

Revised estimates of first-quarter gross domestic product show it was the worst quarter since the recession ended five years ago...

Jul 09, 2014

Britain's economic recovery picks up pace despite manufacturing slump

Gross domestic product – the total size of the economy – rose by 0.9 per cent in the second quarter of the year following growth of 0.8 per cent in the first three months...

Jun 22, 2014

Top 1 percent spreading nearly $60T in assets to heirs, charities

It’s the greatest migration of wealth ever to hit humanity: The unprecedented flood of money, four times the size of the US gross domestic product, that will be passed along.....

Jul 02, 2014

China's gambling capital Macau is world's fourth-richest territory

World Bank figures show former Portuguese colony overtook Switzerland with gross domestic product per capita at £53,000 Continue reading..... #China #World Bank #Switzerland #Asia

Jul 08, 2014

Kyrgyzstan bitcoin experiment promises migrant workers big savings

Tech-enthusiast Emanuele Costa believes the digital currency could transform Kyrgyzstans remittances, which make up a third of the country's economy. EurasiaNet reports In the corner of a small pizzeria in central Bishkek, Kyrgyzstan's capital, an ex... #Goldman Sachs #World Bank #Kyrgyzstan #Western Union

Jun 26, 2014

Consumer spending inches higher in May on auto sales

U.S. consumers stepped up their spending slightly in May, boosted by a jump in auto sales and higher income. Spending rose 0.2 percent last month after no gain in April, the Commerce Department said Thursday. The two months followed a robust spending... #Federal Reserve #Commerce Department

Jun 25, 2014

Economy shrinks at steep 2.9 percent in first quarter after harsh winter

The U.S. economy shrank at a steep annual rate of 2.9 percent in the January-March quarter as a harsh winter contributed to the biggest contraction since the depths of the recession five years ago. But the setback is widely thought to be temporary, w... #Federal Reserve #Commerce Department