Economy & Business

FILE - A sign for the ExxonMobil Torerance Refinery in Torrance, California, Jan. 30, 2012

Exxon Winds Down Drilling as US Sanctions Hit Russia

Washington extended sanctions on Russia last week over its aggression in Ukraine More

Alibaba Group Holding Ltd founder Jack Ma (2nd L) poses as he arrives at the New York Stock Exchange for his company's initial public offering (IPO) under the ticker "BABA" in New York, Sept. 19, 2014.

Video Alibaba Share Price Soars on First Day of Trading

Alibaba is China's leading e-commerce company and operates the world's largest online marketplaces for both international and domestic trade More

FILE - In this July 24, 2013 file photo, a Chinese flag is hoisted in front of a GlaxoSmithKline building in Shanghai, China.

China Fines British Drugmaker Nearly $500 Million

Court sentenced Mark Reilly, former head of GSK in China, and other executives to between two and four years in prison More

A worker dries coffee beans at the Beneficio coffee farm in Santa Rosa de Lima,  50 km (31 miles) from Guatemala City, Feb. 13, 2013.

US Steps Up Pressure on Guatemala Over Labor Rights

Trade representative says Obama administration will push ahead with legal action under free trade agreement to make country meet international standards More

VIDEO: Unemployment and conflict has forced many young Somalians out of the country in search of a better life. But a newfound stability in the once-lawless nation has created hope — and jobs — which, some say, are too often being filled by foreigners. Abdulaziz Billow reports from Mogadishu.

Video Flood of Foreign Workers Leave Young Somalis Out of Work

With Mogadishu development on the upswing, on-rush of foreign laborers isn't sitting well with some locals More


More Economy & Business News

Yellen: Many American Families Are 'Extraordinarily Vulnerable'

US Fed Chair says sudden illness or other unexpected expense of $400 could cause serious problems for many who've seen net worth drop in past four years
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Video Russian Economy Reeling After New Western Sanctions

State-owned energy firms continue to bleed profits and Russia’s national currency plunged to a new low this week
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Ivory Coast Battles to Keep Ebola Out

Ivory Coast, West Africa's economic powerhouse, taking aggressive anti-infection measures and waging a public awareness campaign to fend off virus
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Safety a Concern in Turkey Construction Industry

Istanbul witnessing massive construction boom supported by government agencies, with city now boasting more skyscrapers, but critics say country offers no protection to workers
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US Central Bank Expects to End Direct Support of Economy in October

In addition to policy change, Fed will, for the first time, lay out new economic and interest rate projections that will extend out to 2017
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Video Hot Tech Ideas Seek Investors at San Francisco Expo

TechCrunch exposition in San Francisco is a place where tech start-ups can meet potential backers, try to convince them their gadgets may be the next big thing
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Russia Urges Calm as Currency Continues Plunge

Currency falls below 38 rubles per dollar amid investor worries about impact of new Western sanctions over Ukraine
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Video Report: Action on Climate Change Boosts Economic Growth

One week before UN Climate Summit, Global Commission on the Economy and Climate makes economic case for bold action on climate change
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Business Video

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Alibaba Shares Soar in First Day of Tradingi
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September 19, 2014 10:45 PM
China's biggest online retailer hit the market Friday -- with its share price soaring on the New York Stock Exchange. The shares were priced at $68, but trading stalled at the opening, as sellers held onto their shares, waiting for buyers to bid up the price. More on the world's biggest initial public offering from VOA’s Bernard Shusman in New York.
Video

Video Alibaba Shares Soar in First Day of Trading

China's biggest online retailer hit the market Friday -- with its share price soaring on the New York Stock Exchange. The shares were priced at $68, but trading stalled at the opening, as sellers held onto their shares, waiting for buyers to bid up the price. More on the world's biggest initial public offering from VOA’s Bernard Shusman in New York.
Video

Video Scotland Votes ‘No’ to Independence

Scotland has voted against breaking away from the United Kingdom and becoming independent. The result in Thursday's referendum is being welcomed by other governments around the world battling secessionist movements. But in London, it heralds a complex road ahead as other regions of Britain demand greater autonomy. Henry Ridgwell reports from London for VOA.
Video

Video US Attempts Crackdown on Trafficking Along Southern Border

Nogales, Arizona, is notoriously known as a 'tunnel city,' utilized by drug traffickers to smuggle narcotics into the United States. The U.S. Border patrol and local authorities have responded with new technologies and a heavier presence in the area to help uncover and destroy the tunnels before they are completed. VOA's Ramon Taylor has more from Tucson.
Video

Video Mogadishu's Flood of Foreign Workers Leaves Somalis Out of Work

Unemployment and conflict has forced many young Somalians out of the country in search of a better life. But a newfound stability in the once-lawless nation has created hope — and jobs — which, some say, are too often being filled by foreigners. Abdulaziz Billow reports from Mogadishu.
Video

Video Russian Economy Reeling After New Western Sanctions

A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currency plunged to a new low this week after the U.S. and the European Union announced new sanctions to punish Russia's aggressive stance in eastern Ukraine. But as Mil Arcega reports, the sanctions could also prove costly for European and American companies.

World Currencies

EUR
USD
0.7768
JPY
USD
108.84
GBP
USD
0.6124
CAD
USD
1.0999
INR
USD
61.042

Rates may not be current.