Two new reports are pointing to an improving U.S. economy. A research group, the Conference Board, reported Tuesday that consumer confidence in the U.S. jumped this month, reaching a seven-month high. Rising home values and stock prices may have helped boost the key barometer. Increased confidence in the U.S. economy could signal that American consumers […]
Van Rompuy Sees Loss of Urgency on Euro Crisis
Posted September 24th, 2012 at 7:20 pm (UTC-5)
European Union President Herman Van Rompuy says the continent is losing momentum in trying to resolve its three-year debt crisis. Van Rompuy on Monday said European leaders must not lose the sense of urgency to tighten economic reforms and cut deficits. He said Europe is slipping into recession and officials are worried about the pace […]
Van Rompuy Sees Loss of Urgency on Euro Crisis
Posted September 24th, 2012 at 10:30 am (UTC-5)
A key European leader says the continent is losing momentum in trying to resolve its three-year governmental debt crisis. European Union President Herman Van Rompuy said Monday he sees “a tendency of losing the sense of urgency” to tighten economic reforms and cut deficits. But he stressed that “this must not happen.” Van Rompuy said […]
Palestinians Warn Budget Crisis Threatens Two-State Solution
Posted September 24th, 2012 at 2:10 am (UTC-5)
The Palestinian finance minister says a two-state solution to the Israeli-Palestinian conflict is in jeopardy if the Palestinian Authority does not get urgent funding to address its budget crisis. Nabeel Kassis said Sunday after a meeting with donor nations in New York that the Palestinian Authority needs the money to continue functioning and prepare for […]
Greek Austerity Talks with Creditors Stall Again
Posted September 21st, 2012 at 10:40 am (UTC-5)
Greece’s negotiations with its international creditors over more austerity budget-cutting remain unresolved. Negotiators for the International Monetary Fund, the European Union and the European Central Bank are meeting again Friday with Greek officials, but then plan to leave Athens for a week. The lenders are demanding that the Greek government impose more wage and pension […]
US Demographic Changes Hint at Economic Recovery
Posted September 20th, 2012 at 11:25 am (UTC-5)
A new survey of changing population trends in the U.S. suggests that the country’s sluggish economy could be advancing from the depths of the recession several years ago. Unemployment is still high in the United States — more than 8 percent for 43 straight months. But a report Thursday by the U.S. Census Bureau said […]
Japan Central Bank Expands Its Economic Stimulus
Posted September 19th, 2012 at 9:40 am (UTC-5)
The Japanese central bank has expanded its stimulus program to try to boost the country’s sluggish economy, joining its counterparts in the U.S. and Europe in easing the flow of money. The Bank of Japan Wednesday added $126 billion to its asset-purchase fund, pushing it to $695 billion, in an effort to advance the world’s […]
Indian Government Ally Withdraws Support Over Economic Reforms
Posted September 18th, 2012 at 1:55 pm (UTC-5)
A key ally of India’s ruling coalition has withdrawn its support from the government to protest recent economic reforms. Trinamool Congress party leader Mamata Banerjee said in Kolkata Tuesday that ministers from her party will resign from India’s Cabinet on Friday. The reforms unveiled by Prime Minister Manmohan Singh last week include opening the country’s […]
India’s PM Defends Economic Reforms
Posted September 15th, 2012 at 1:40 pm (UTC-5)
Indian Prime Minister Manmohan Singh has defended economic reforms aimed at reducing his country’s rising fiscal deficit and attracting foreign investment. Mr. Singh on Saturday supported the government’s move to raise diesel fuel prices by about 12 percent. He approved an increase of nearly 1 cent per liter at a Cabinet meeting Thursday, sparking a […]
World Stock Indexes Jump on US Economic Boost
Posted September 14th, 2012 at 1:40 pm (UTC-5)
Stock markets in Asia and Europe surged Friday as investors cheered the U.S. central bank’s aggressive actions to boost the sluggish American economy. The Hong Kong index advanced nearly 3 percent and the Tokyo market almost 2 percent. Stock indexes in London, Frankfurt and Paris closed higher, while key exchanges in the U.S. moved upward […]
