Russia warns EU Iran oil embargo will be costly

(Reuters) - Russia pressed its case against new sanctions over Iran's nuclear program on Friday, saying an European Union ban on purchasing Iranian oil would end up hurting the bloc's member countries.

Oil prices rise on Fed's brighter US outlook

NEW YORK (AP) — Oil prices rose Wednesday after the Federal Reserve boosted its outlook for U.S. economic growth. Benchmark West Texas Intermediate crude added 57 cents to end at $104.12 per barrel in New York.

Global food prices on the rise again: World Bank

WASHINGTON (Reuters) - Global food prices are rising again, pushed higher by costlier oil, strong demand from Asia and bad weather in parts of Europe, South America and the United States, the World Bank said on Wednesday.

The Global Note: Mexico’s Sea Change…Austerity Blues…Africa’s Cry For Help…A Marathoner’s Gift

It’s a statistic not seen in half a century. Net migration from Mexico has plummeted to zero thanks to changing demographic and economic conditions on both sides of the border, a new study says, even as political battles over illegal immigration heat up and the issue heads to the U.S. Supreme Court.

Prognosis for Social Security worsens

WASHINGTON (MarketWatch) — Social-Security benefits would have to be reduced a few years earlier than previously projected — in 2033 instead of 2036 — based on new estimates of the program’s finances.

Ex-national security adviser: No apologies to Israel over Iran’s nuke program

President Obama’s former national security adviser says the U.S. has no reason to apologize to Israel for its handling of Iran and notes that the U.S. has been able to “contain” other nations that have acquired nuclear weapons.

EU states agree in principle to suspend Myanmar sanctions: diplomats

(Reuters) - European Union governments are to suspend most sanctions against Myanmar next week, EU diplomats said on Thursday, in recognition of rapid political and economic reforms after decades of military dictatorship.

Euro on brink of collapse: IMF

LONDON: The crisis-hit euro is teetering on the brink of collapse, the International Monetary Fund (IMF) has said.

Asia stocks sink amid global economic worries

BANGKOK (AP) — Asian stock markets sank Monday as Europe's debt crisis threatened to intensify again while growth in China slowed.

S. Sudan says repulses Sudan army attack on Heglig

KHARTOUM/JUBA (Reuters) - South Sudan said on Saturday it had repulsed an attempt by the Sudanese army to retake a disputed oil-producing border area, extending a stand-off that has edged the two countries closer to a full-blown war.

US, IMF welcome China's move on yuan trading band

The US and the IMF welcomed China's decision to widen the trading band on the nation's currency, while analysts downplayed Sunday the likelihood of wide swings in the value of the yuan.

Citizens Advice Scotland launches graduate survey

Citizens Advice Scotland (CAS) is launching a national online survey of recent graduates who are struggling to find work.

Countries face spike in borrowing costs, warns OECD

Governments face a dangerous spike in borrowing costs in the coming years because rates charged are being kept artificially low while crisis measures are in place, the Organisation for Economic Co-operation and Development (OECD) has warned.

Russia economy chief reports $12.6 mn in joint income

Vladimir Putin's economic pointman reported $12.6 million in joint family income on Thursday in a disclosure published following allegations that he had made huge profits through crony deals.

Iran-fueled oil price spike biggest threat to economy

NEW YORK (CNNMoney) -- An oil price spike caused by a confrontation with Iran is now seen as the biggest threat to the U.S. economy.

Global business groups press India on technology plan

WASHINGTON (Reuters) - Global business groups urged Indian Prime Minister Manmohan Singh on Monday to rescind new government rules for technology purchases that they said unfairly discriminate against foreign firms and potentially violate World Trade Organization rules.

Ireland Minister Upbeat on Recovery

DUBLIN—Ireland's economy could be on the verge of a strong recovery that would help the government regain access to the international bond markets next year, the deputy finance minister said.

US will accept Iran civilian nuclear programme: Report

WASHINGTON: President Barack Obama has told Iran the United States would accept Tehran having a civilian nuclear program if the Islamic state can prove it is not seeking atomic weapons, the Washington Post said.

Investors dump euro and risky bonds as fears about Spain intensify

Worries about Spain's perilous economic outlook and the threat it poses to its fragile eurozone neighbours intensified on Thursday night as investors dumped the euro and riskier government bonds ahead of the long holiday weekend.

US urges India to press Iran over nuclear issue

NEW DELHI: Downplaying divergences on the Iranian issue after imposing fresh sanctions, the US on Monday sought India's cooperation in pressing Tehran to come clean on its nuclear programme and clarified that it was not seeking to undermine New Delhi's energy security.

International business attacks retrospective Indian tax law

The international business community has launched a stinging attack against the Indian government and its decision to introduce a retrospective a tax law.

Mexico presidential favorite eyes border tax break

CIUDAD JUAREZ (Reuters) - The front-runner in Mexico's presidential election campaign said on Sunday he would create tax incentives to revive economic life along the U.S. border that has been depressed by drug violence.

Greek PM says third bailout may be needed

The Greek prime minister Lucas Papademos has conceded that the crisis-plagued country could require a third bailout only weeks after it secured a second package of rescue funds following months of hand-wringing in Brussels.

U.S. tightens oil sanctions on Iran

NEW YORK (CNNMoney) -- President Obama ratcheted up the pressure on Iran Friday, deciding to implement previously announced sanctions that will be the toughest to date.