Finance & Economics | WPN World People News

Almost 63 percent Americans believe that the United States is better off from having a wealthy class, according to poll.

The US trade deficit widened by 14.1 per cent to $51.8 billion in March from a revised $45.4 billion in February, with imports rising at a faster pace than the value of exports, the Commerce Department report released Thursday showed.

Chinese moves to boost domestic consumption have not helped much in rebalancing economic growth as new figures released Thursday indicated that exports and imports have grown at lesser than expected pace in April.

A High Court judge has ruled that over 100 ex-London employees of Dresdner Kleinwort, now owned by Germany's second largest bank Commerzbank, were entitled to claim unpaid bonuses totaling 42 million pounds even though the bank had made huge losses.

Car maker Toyota Monday said its January-March profit more than quadrupled to $1.5-billion, signalling a solid recovery from the losses it suffered due to a series of disasters in Japan last year.

Peru's gold sales totaled $2.57 billion in the first quarter of this year, making the commodity the country's top export, authorities said.

US Taxpayers could make a profit of up to $15.1 billion on the massive emergency assistance given to insurer American International Group during the 2008 financial crisis, the Government Accountability Office said.

UK's exploration firm Tullow Oil has struck more oil in Kenya, where it made the country's first discovery in March, and is planning to undertake further drilling activity.

Continuing a downward movement, crude oil prices dipped below $98 a barrel Monday as election results in Europe and US employment data released last week depressed sentiments in expectations of slower economic growth and fall in energy fuel demand.