economy news

American International Group, Inc. Reported Larger Than Expected Net Loss of $1.8 Billion in Q4 2015

American International Group, Inc. reported a bigger quarterly loss than expected. The company was hurt by weak underwriting and investment return. The big loss in Q4 made its full year income dropped by more than 70%

Audi To Feature Fuel Efficient A4 Allroad quattro

Audi is going to hit the market with an ultra version of the quattro, A4 Allroad quattro, during the middle of this year. The new quattro is capable of cutting friction losses and is believed to improve emissions and efficiency. It will be the first ever Audi to feature the ultra version of the quattro system.

Massive cocoa production will revive struggling economy of West Africa

Experts of African economy believe that the growing cocoa production will help the West African countries to recover from the flagging economic condition.

Chancellor George Osborne misses approval rating as faith in UK economy slides

Britain is losing its faith in the chancellor George Osborne as he is readying for the annual budget in the midst of global challenges facing the nation's economy. Poor economic conditions prevented the chancellor from achieving his election targets.

South Korean Central Bank Keeps Interest Rates Unchanged, Observes Impact of New Stimulus Package

BoK has decided to keep hold benchmark interest rates in place on Tuesday. To tackle the ongoing sluggish economic growth, South Korean government has unveiled a stimulus package on February 3. BoK is predicted to analyze the impact of the stimulus package and hence opts for keeping rates unchanged.

Company Report: Hong Kong Disneyland Reported $19.1 Million Loss As Fewer Chinese Tourists Visit the Theme Park

Hong Kong Disneyland reported its first loss since 2012. Fewer tourists had come to visit the resort and theme park, with the biggest decline from Chinese tourists. China’s economic slowdown, along with political instability and the emergence of Shanghai Disneyland is believed to have affected the Chinese tourists.

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Latest Stories

Spaving Trend Explained: Are You Spending More to Save Less?

"Spaving" is a rebranded term for an old "trap" that is affecting grocery shops, merchants, and even online casinos: spending more to save money.

US Consumers Putting Off Purchases for Pools, Mattresses Due to Inflation

As high inflation and interest rates hurt, Americans are delaying some more expensive, traditionally financed purchases.

Homeownership Strained by 25% Property Tax Hike, Soaring Insurance Costs

The increase in property taxes and homeowners' insurance costs is a growing threat to homeowners' financial stability and decision-making processes

US Considers Strategies to Address Rising National Debt

Government debt has increased by about 50% since the beginning of the Covid pandemic, causing concern in Washington and on Wall Street.

Survey Shows Women Are Generous Diners, Spotting Friends $24 on Average

The average amount of money American women would spend for a friend's dinner was $24.

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