Business and Economy

FILE - The U.S. Commerce Department said the nation's gross domestic product expanded at a 3.7 percent annual rate in the second quarter, more than a percentage point faster than first estimates.

Report Bumps Up US Economic Growth

Commerce Department says GDP grew at 3.7 percent annual rate in the second quarter, much faster than the first quarter More

Video Russia Courts Mideast With Military Hardware

With economy beaten by sanctions, low oil prices, country uses trademark aviation show to draw in new clients by showcasing military might More

Video Iran Sees $30 Billion From Future Tourism

Nuclear deal struck between Tehran, six world powers should see sanctions against nation beginning to ease by next year, along with lifting of travel restrictions More


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South Korea Commits to Fuel Cell Industryi
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August 27, 2015 1:39 PM
South Korea commits to fuel cell industry
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Video South Korea Commits to Fuel Cell Industry

South Korea commits to fuel cell industry
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Video Suez Expansion Will Double Ship Traffic

Expansion of Suez Canal will double the ships passing through
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Video China's market meltdown gives Chinese consumers a reason to buy gold

China's market meltdown gives Chinese consumers a reason to buy gold
Video

Video Will trophy hunting today affect tourism in the future

Will trophy hunting today affect tourism in the future

More Economy & Business News

Ukraine Reaches 'Win-Win' Deal with Creditors

As part of deal, investors who own Ukraine's bonds will write off 20 percent of their holdings, shrinking $19 billion in sovereign debt to $15.5 billion
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Global Stock Markets Surge, Ending Days of Huge Losses

Major US indexes gain well over 2 percent; Shanghai stocks swing from loss to close 5.3 percent higher
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Video Is China's Economic Data Accurate?

Some economists doubt official growth figures because other data, such as passenger travel and electric power generation, seem too low to be consistent with strong growth
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Tsipras Softens Stand on Greek Debt Relief Before Election

Alexis Tsipras, who hopes to return to power with an absolute majority, says that he favors longer repayment periods and lower interest rates on debt
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PM: Ukraine Storing Natural Gas at Slower Rate

Country has 14.1 billion cubic meters, 1 billion less than year ago; Kyiv seeks Western financial help to pump more gas
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US Republicans Escalate Rhetoric Against Chinese President Xi

Outcry comes amid global stock market plunge following China's currency devaluation, massive cyberattacks against America, aggressive South China Sea militarization
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Video Arctic Draws International Competition for Oil

Russia claims large area for resource development, and President Obama recently approved Shell Oil’s test-drilling project in territory area under US control
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Video China Slumps Again But US Markets Surge

Shanghai Composite stock index closed down 1.3 percent after turbulent ride, rising and falling more than three percent during the day's trading
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Iran Sees $30 Billion From Future Tourismi
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Henry Ridgwell
August 27, 2015 3:04 PM
The deal struck between Iran and six world powers over its nuclear program should see sanctions against the country beginning to ease by next year – and Iranians are hoping that the lifting of travel restrictions could see an influx of international tourists. As Henry Ridgwell reports from London, travel agencies already are seeing an increase in demand.
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Video Iran Sees $30 Billion From Future Tourism

The deal struck between Iran and six world powers over its nuclear program should see sanctions against the country beginning to ease by next year – and Iranians are hoping that the lifting of travel restrictions could see an influx of international tourists. As Henry Ridgwell reports from London, travel agencies already are seeing an increase in demand.
Video

Video Is China's Economic Data Accurate?

Some investors say China's wild stock market gyrations have been made worse by worries about the reliability of that nation's economic data. And some critics say the reports can mislead investors by painting an unrealistically-strong picture of the economy. A key China scholar says Beijing is not fudging ((manipulating)) the numbers, but that the economy is evolving quickly from smoke-stack industries to services, and the ways of tracking new economic activity are falling behind the change. V
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Video African Nations Hope to Benefit From Renewed US Legislation

The United States and African nations hold the first conference this week in Gabon on the African Growth and Opportunities Act since Congress recently renewed a zero tariff deal for another 10 years. Mariama Diallo reports on how African nations can better exploit preferential access when most analysts say AGOA has been under-utilized.
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Video Some Stocks Rebound as China Worries Continue

U.S. stocks rebounded briefly Tuesday following a chaotic day in stock markets around the world. Analysts say worries that China’s economy may be in bigger trouble than first thought led to the recent rout in global stocks. But by Tuesday, bargain-hunting investors were back, and China’s central bank introduced additional steps to boost its weakening economy. VOA's Mil Arcega reports.
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Video Global Stock Rout Continues on China Worries

U.S. financial markets fared only slightly better than their counterparts in Asia and Europe as the global stock sell-off continued Monday. Worries about slowing growth in China is fueling much of the uncertainty that has pummeled stocks around the world. But as Mil Arcega reports, economists say the volatility is a normal part of a healthy stock market.

World Currencies

EUR
USD
0.8770
JPY
USD
119.68
GBP
USD
0.6414
CAD
USD
1.3265
INR
USD
66.194

Rates may not be current.