When Planetary Resources was founded in 2012, its founders boldly claimed the company could "add trillions of dollars to the global GDP" and "create a new industry and a new definition of 'natural resources.'" While neither company has gotten off the …

Indeed, a global minimum wage that is at least half the median income of a country and above its poverty level, would end poverty and provide a foundation for the global economy. In addition to raising wages, as there is certainly no wage inflation …

Global economic prospects remain weak, though downside risks have reduced thanks in part to significant policy actions taken in the US, euro area and Japan, and to the resilience of major developing and emerging market economies. Most financial markets …

The disappointing downward revision in U.S. first quarter GDP is the latest in a string of negative data points around the world in recent weeks. The U.S. economy grew at a mere 1.8% annual pace in the first quarter, according to revised data released …

"The signing of the share sale and purchase agreement represents a significant step in pursuing Global Business Power's strategy,” said Francisco Sebastian, FMIC chairman. “We believe that ORIX will provide the company with strong, well-financed …

1) The U.S. economy is the largest and most productive in the world – The U.S. accounts for one-fifth of global GDP with only 4.5% of the world's population. America's economy is nearly twice the size of China's in nominal dollars. Plus, the U.S. is …

The newly installed prime minister is hoping to remind voters of his role in steering the country through the global financial crisis without any sharp downturn. But the approach risks damaging fragile consumer and business confidence, as Australia's …

The massive construction and mining equipment maker, based in Peoria, is considered by many to be a bellwether of U.S. and global economic health. Oberhelman, who spoke at a luncheon sponsored by the Illinois Chamber of Commerce in Chicago, said …

New home sales, bigger factory orders and rising consumer confidence helped allay fears about state of the U.S. economy, the world's biggest. The data came on the heels of comments by China's central bank that eased fears of a credit crunch in the …