Inequality in South Africa to threaten Mandela's economic legacy

The late Nelson Mandela's economic legacy in South Africa will be challenged as the country has yet to reduce its high unemployment rate and inequality in races.

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French President stimulates jobs market to bring down unemployment rate by year's end

French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.

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Bond yield spike means 'prepare' - Investors

Investors said that the bond yield spike brought about by new jobs are signals to prepare their portfolios.

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Euro zone posts 1.6% gain during recession, close to target 2%-ECB

The 17 nations in Euro zone suffered from recession. Unemployment was high but inflation rate remains up.

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Mayors: Cap on municipal bond would hinder growth

The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.

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Unemployment pulls Philippine stocks down

Due to high unemployment rates, the Philippines Stock Exchange Index fell 4.6 percent, its biggest loss since September 2011.

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