Economy & Business

The euro and United States 100-dollar banknote  bearing the portrait of US statesman, inventor and diplomat Benjamin Franklin next to Iran's rial banknotes, bearing a portrait of Iran's late founder of Islamic Republic Ayatollah Ruhollah Khomeini in Tehra

Hardline Cleric Urges Iranians to Overcome Rial Fall

The devaluation of the Iranian currency is hitting Iranians hard. More

Spain's Prime Minister Mariano Rajoy at the Mediterranean summit of southern European and North African countries, in Valletta, Malta, Oct. 5, 2012.

Spain Hesitates Over Bailout Request

Spanish government analyzing its options before deciding on whether it needs a bailout More

 A mineworker addresses his colleagues before taking part in a march outside the Anglo American mine in South Africa's North West Province, September 12, 2012.

South African Platinum Producer Fires 12,000 Workers

Anglo American Platinum says dismissed workers engaged in an illegal strike for three weeks at its Rustenberg mine More

People walk past office blocks under construction in Ethiopia's capital Addis Ababa, January 27, 2010.

Ethiopia's Growth Attracts Young Diaspora

Ethiopian government welcomes impact these returnees could have on economy More

A job seeker looks over a brochure  at the National Job Fair in Atlanta, Oct 3, 2012.

Multimedia US Jobless Rate Dips to 7.8 Percent

Labor Department says figure dropped from 8.1 in August because employers added more part-time workers last month More


More Economy & Business News

India Announces More Economic Reforms

Contentious proposals would allow foreign investment in the country's pension sector
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Global Trade in Fake Drugs Tops $30 Billion

World Health Organization estimates that 25 percent of medicines sold in poor countries are counterfeit
More

Facebook Marks Milestone With One Billion Users

With mass adoption of product, social media experts examine how social networking has evolved
More

India Pushes Ahead With Economic Reform Agenda

Proposals aim to jump start country's lagging economy
More

Video Worries Increase Over Asian Fish Stocks

Efforts to feed Asia’s booming population has led to dangerous overfishing around Pacific coastlines
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World Bank: Young Work Force Becomes Asset, Challenge for Africa

Official says Africa could be a great powerhouse in the future if the young population is managed right
More

European Central Bank Chief Praises Spain

Mario Draghi praises efforts to control spending but says 'significant challenges' remain for Madrid
More

Nigerians Skeptical of Rail Revival Plans

With recent boost in infrastructure funding, leaders say new trains will create jobs, revitalize the economy
More

Business Video

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Video

Video US Unemployment Falls to 7.8 Percent

The U.S. unemployment rate unexpectedly fell to 7.8 percent in September, the first time it has dipped below 8 percent in 44 months. Despite only modest gains last month, revisions to the Labor Department's job numbers in July and August show the economy added more jobs than were initially reported. The key government report comes just one month ahead of presidential elections that could hinge on the economy. But as Mil Arcega reports, some say the job numbers don't tell the whole story.

World Currencies

EUR
USD
0.7749
JPY
USD
78.347
GBP
USD
0.6206
CAD
USD
0.9862
INR
USD
52.265

Rates may not be current.