Marketplace®

Daily business news and economic stories
  • In the Middle East, organizers of the big Formula 1 Grand Prix of Bahrain are trying to press ahead despite demonstrations against the Bahrain regime’s human rights record.

  • There are new details today in a major political scandal in China. The case of Bo Xilai, the once powerful Chinese official who was fired from the government as part of a murder investigation.

  • A key component for building cars both here and around the world has has been nearly decimated by an explosion a couple of weeks ago in Germany.

  • Spanish oil giant Repsol currently controls Argentina's largest national oil company, but perhaps not for long.

  • The World Bank is getting a new president. Jim Yong Kim, who's currently the head of Dartmouth College, will be taking over the Washington-based global lending institution beginning this summer.

  • China lords over its currency the way a pilot manages the air speed of a plane — not much laissez-faire. Now, Chinese officials say the yuan will be allowed to float within a wider range.

  • The last three months in China were the worst for the country’s economic growth since 2009 — 8.1 percent GDP, compared with 8.9 percent last quarter.

  • Imagine if the U.S. Economy grew at 8.1 percent a year instead of the 3 perecent we've been living with. But in China this means slower growth recorded in the first three months of the year.

  • An 8.6 magnitude earthquake centered nearly 300 miles off of Indonesia has people around the Indian Ocean as far away as East Africa moving to higher ground. An 8.2 aftershock three hours later prompted a second tsunami warning.

  • The new scheme could help the police force raise money and stop the taxpayer from footing the bill.

BBC World Service