As Europe’s economy recovers from its crisis, afflicted countries such as Spain and Italy are trying to pare their debts while also becoming more internationally competitive.      The trouble is, it’s hard to do both at once. And the euro zone’s weak inflation is making it even harder.      So, even as the world’s economic elite welcomed

Turkey’s central bank Tuesday aggressively increased overnight lending rate/interest rates to shore up the lira at an extraordinary policy meeting billed as a test case for under-pressure emerging markets. The central bank raised its overnight lending rate to 12% from 7.75%, raised its one-week repo rate to 10% from 4.5% and raised its overnight borrowing

Carlos Slim, el segundo hombre de negocios más acaudalado del planeta y dueño de control de América Móvil, la mayor empresa de telecomunicaciones en América Latina, reanudará este año sus esfuerzos por controlar una empresa europea a fin de poder penetrar ese mercado, reportó la agencia de noticias Reuters, citando fuentes bancarias y de la

A potent mix of rising exports, consumer spending and business investment helped the U.S. economy end the year on solid footing. Gross domestic product, the broadest measure of goods and services churned out by the economy, grew at a seasonally adjusted annual rate of 3.2% in the fourth quarter, the Commerce Department said. That was less than

J.P. Morgan Chase has agreed to pay $1.45 million to settle a sex discrimination lawsuit that says the bank maintained a “sexually hostile work environment” toward its female mortgage bankers. The lawsuit, filed by the U.S. Equal Employment Opportunity Commission, says female mortgage bankers assigned to the bank’s PolarisPark facility–located outside Columbus, Ohio–faced “sexually charged behavior and comments from

La inflación general de todo enero se ubicó en 0.89%, muy por debajo de lo esperado en 0.96% de acuerdo con la encuesta de Banxico, el 0.98% de la encuesta de Banamex y del 0.97% del pronóstico esperado por Reuters.  También la inflación subyacente, que mostró un incremento mensual de 0.85%, resultó por debajo de