The head of the Asian Development Bank is calling for governments in the region to take “radical steps” to increase energy efficiency and invest in renewable energy. ADB President Haruhiko Kuroda said Wednesday that a failure to address the need for energy security could cost Asia its hard-won progress in reducing poverty. Speaking in Manila, […]
ADB Urges Asian Nations to Boost Clean Energy Investments
Posted June 22nd, 2011 at 1:30 am (UTC-5)
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New Greek Government Wins Crucial Vote of Confidence in Parliament
Posted June 21st, 2011 at 10:55 pm (UTC-5)
Greek Prime Minister George Papandreou won a crucial parliamentary vote of confidence for his new government Tuesday, making passage of controversial economic reforms more likely. One hundred-55 lawmakers voted to back the new government while 143 voted against it. Two abstained. As expected, the vote was strictly along party lines. It came after a day […]
New Greek Government Wins Crucial Vote of Confidence in Parliament
Posted June 21st, 2011 at 6:40 pm (UTC-5)
Greek Prime Minister George Papandreou won a crucial parliamentary vote of confidence for his new government Tuesday, making passage of controversial economic reforms more likely. One hundred-55 lawmakers voted to back the new government while 143 voted against it. Two abstained. As expected, the vote was strictly along party lines. It came after a day […]
New Greek Government Wins Crucial Vote of Confidence in Parliament
Posted June 21st, 2011 at 6:05 pm (UTC-5)
Greek Prime Minister George Papandreou won a crucial parliamentary vote of confidence for his new government Tuesday, making passage of controversial economic reforms more likely. Mr. Papandreou is appealing to lawmakers to pass his package of spending cuts, tax hikes, and sale of state assets. Passage would assure the next $17 billion installment of last […]
Oil Prices Rise
Posted June 21st, 2011 at 4:20 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Tuesday: Crude oil prices rose 54 cents to close at $94.17 a barrel. Coffee futures fell a fraction of a cent to finish at $2.44 per pound. Copper prices gained one cent to end at $4.09 a pound. Cocoa futures gained $60 […]
US Stocks Rise Strongly
Posted June 21st, 2011 at 4:15 pm (UTC-5)
U.S. stock market indexes rose strongly in Tuesday’s trading. The Dow Jones Industrial Average advanced nine-tenths of a percent to finish at 12,190. The S&P 500 rose 1.3 percent to close at 1,296 and the NASDAQ gained 2.2 percent to end at 2,687. European stock markets were higher at the close of trading. London’s Financial […]
Oil Prices Rise
Posted June 21st, 2011 at 4:05 pm (UTC-5)
Here are the prices of some key commodities traded in New York on Tuesday: Crude oil prices rose 54 cents to close at $94.17 a barrel. Coffee futures fell a fraction of a cent to finish at $2.44 per pound. Copper prices gained one cent to end at $4.09 a pound. Cocoa futures gained $60 […]
US Stocks Rise Strongly
Posted June 21st, 2011 at 1:15 pm (UTC-5)
U.S. stock market indexes rose strongly in Tuesday’s midday trading. The Dow Jones Industrial Average advanced nine-tenths of a percent, the S&P 500 rose 1.2 percent and the NASDAQ gained 1.9 percent. European stock markets were higher at the close of trading. London’s Financial Times 100 index gained 1.4 percent to close at 5,775. The […]
US Housing Market Declines
Posted June 21st, 2011 at 12:30 pm (UTC-5)
Sales of previously-owned houses declined in May in the United States, hitting their lowest point of the year. Tuesday’s report from a business group says sales were down 3.8 percent from the prior month. If sales continued at that rate for a full year, just 4.8 million homes would change hands, more than a million […]
Eurozone Ministers to Greece: No Bailout Payment without Spending Cuts
Posted June 21st, 2011 at 10:55 am (UTC-5)
The government of Greek Prime Minister George Papandreou faces a vote of confidence Tuesday in the midst of strikes and protests against further austerity measures. Mr. Papandreou is appealing to parliament to pass his package of spending cuts, tax hikes, and sale of state assets to stave off bankruptcy and default on the country’s debt. […]
