Japan’s central bank is embarking on an American-like plan to stimulate the country’s stalled economy by pumping more money into it. The Bank of Japan, under pressure from the new government of Prime Minister Shinzo Abe, agreed Tuesday to double its inflation target to 2 percent and stimulate the world’s third largest economy for an […]
Japan Moves to Stimulate Its Stalled Economy
Posted January 22nd, 2013 at 11:00 am (UTC-5)
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German Economy Contracted in Late 2012
Posted January 15th, 2013 at 9:50 am (UTC-5)
Germany has Europe’s most robust economy, but now even its economic fortunes are shrinking in the face of the eurozone recession. Berlin said Tuesday that its economy contracted one-half of one percent in the last three months of 2012, its biggest downturn in nearly three years. Germany said that cut its economic growth for last […]
Eurozone Industrial Production Still Shrinking
Posted January 14th, 2013 at 9:30 am (UTC-5)
The eurozone says its industrial production fell for the third straight month in November, the latest signal that the currency bloc remains mired in recession. The 17-nation eurozone said Monday that industrial output dropped the most in three years in November, down three-tenths of one percent. Analysts had predicted that manufacturing would advance slightly. From […]
China’s December Trade Figures Stronger Than Expected
Posted January 10th, 2013 at 1:10 am (UTC-5)
China posted stronger than expected trade figures for December, in a further sign that the world’s second-largest economy continues to recover from its worst slowdown in years. Official data released Thursday showed export growth more than quadrupled from the previous month to 14.1 percent. December imports increased 6 percent after after failing to grow at […]
US Political Bickering Hurts Economy
Posted December 24th, 2012 at 11:40 am (UTC-5)
Continued political bickering in the United States is hurting stock and commodity prices and slowing spending by some U.S. holiday shoppers. Oil was trading below $89 a barrel Monday, as traders worried that an economic downturn could cut demand for energy. U.S. stocks were down in early trading, while European and Asian stocks were mixed […]
US Political Bickering Hurts Economy
Posted December 24th, 2012 at 10:50 am (UTC-5)
Continued political bickering in the United States is hurting stock and commodity prices and slowing spending by some U.S. holiday shoppers. Oil was trading below $89 a barrel Monday, as traders worried that an economic downturn could cut demand for energy. U.S. stocks were down in early trading, while European and Asian stocks were mixed […]
US Economy Advanced Faster than First Thought in the Summer
Posted December 20th, 2012 at 3:55 pm (UTC-5)
The U.S. economy advanced a bit faster in the summer months than the government first estimated, but it may be tailing off at the end of 2012. The government Thursday said the economy, the world’s largest, grew at a 3.1 percent pace in the July-to-September period. That was up from an earlier estimate of 2.7 […]
European Leaders Say Worst of Debt Crisis Is Over
Posted December 14th, 2012 at 11:05 am (UTC-5)
Some European leaders are saying that the worst of the continent’s three-year governmental debt crisis is behind it, even as they remained cautious about its weak economy. The leaders approved creation of a single supervisor for the eurozone’s largest banks and handed Greece more bailout money at their yearend summit in Brussels. French President Francois […]
European Leaders Say Worst of Debt Crisis Is Over
Posted December 14th, 2012 at 10:25 am (UTC-5)
Some European leaders are saying that the worst of the continent’s three-year governmental debt crisis is behind it, even as they remained cautious about its weak economy. The leaders approved creation of a single supervisor for the eurozone’s largest banks and handed Greece more bailout money at their yearend summit in Brussels. French President Francois […]
Britain’s Credit Outlook Deemed ‘Negative’
Posted December 13th, 2012 at 2:00 pm (UTC-5)
A major financial services company has trimmed its outlook on Britain’s top-rated credit standing, cutting it from stable to negative. Standard & Poor’s on Thursday became the third of the three major credit rating services to change its view of Britain’s ability to repay its debt, but none has actually cut the country’s rating. Earlier […]
