Asian stock markets trended upward Monday, riding a global market rally and buoyed by news that Japan’s earthquake-battered economy shrank less than expected in the April to June period. Japan’s gross domestic product contracted 0.3 percent over the three months as manufacturers struggled with the effects of the March 11 earthquake and tsunami. But that […]
Asian Markets Rise as Japan Exceeds GDP Expectations
Posted August 15th, 2011 at 12:15 am (UTC-5)
Leave a comment
Berlusconi: Italy’s Austerity Plan Gains Approval
Posted August 13th, 2011 at 3:25 pm (UTC-5)
Italy’s prime minister says his government’s latest plan to slash spending and raise taxes is winning approval from other top European officials. Silvio Berlusconi told Italian news agencies Saturday he has spoken with German Chancellor Angela Merkel and European Central Bank President Jean-Claude Trichet, and that both said they appreciated the Italian plan. Mr. Berlusconi’s […]
Italy Approves Cuts to Balance Budget by 2013
Posted August 13th, 2011 at 12:05 am (UTC-5)
Italy’s government has approved sharp budget cuts demanded by the European Central Bank despite regional opposition to the move. Italian officials said Friday the austerity measures include $28 billion in cuts next year and $35 billion in 2013. Regional leaders say the plan will hurt the poor. The package aims to balance Italy’s budget by […]
European Stocks Soar Friday, with US Markets Also Advancing
Posted August 12th, 2011 at 4:45 pm (UTC-5)
Italy’s government, in an effort to balance its budget in two years, has approved sharp budget cuts demanded by the European Central Bank, despite strong opposition from regional leaders who say the measures will hurt the poor. Participants at the cabinet Friday said the austerity measures will call for about $28 billion in cuts next […]
European Stocks Soar Friday, with US Markets Also Advancing
Posted August 12th, 2011 at 12:55 pm (UTC-5)
European stock indexes soared on Friday for the second straight day, with U.S. markets also advancing, but not by as much at the end of a volatile week at exchanges throughout the world. Share prices at exchanges in Britain, France and Germany all closed up by more than 3 percent, regaining most of this week’s […]
US Retail Sales Advance, but Consumer Confidence Wanes
Posted August 12th, 2011 at 12:20 pm (UTC-5)
New reports in the United States give a mixed view of the national economy, with retail sales increasing last month, even as consumer confidence plunged to a 31-year low. The government’s Commerce Department said Friday that retail sales, a key barometer of the country’s economic health, increased in July by the most in four months. […]
US Stocks Advance in Early Trading Friday
Posted August 12th, 2011 at 10:00 am (UTC-5)
U.S. stocks advanced in early trading Friday — and European markets soared — at the end of a volatile week at exchanges throughout the world. Asian markets ended mixed. But share prices in Britain, France and Germany all jumped near the end of trading for the week. Earlier, France, Italy, Spain and Belgium each banned […]
US Retail Sales Advance Most in Four Months
Posted August 12th, 2011 at 9:10 am (UTC-5)
U.S. retail sales, a key barometer of the country’s economic health, increased in July by the most in four months. The government’s Commerce Department said Friday that consumers spent more on autos, furniture and gasoline last month, helping push retail sales up by one-half of one percent, following a slightly smaller increase in June. Consumer […]
European Markets Gain on Short-Selling Ban
Posted August 12th, 2011 at 7:10 am (UTC-5)
European stocks soared midday Friday following some gains in Asia at the end of an extremely volatile week at markets around the world. Share prices in Britain, France and Germany were at least two percent higher by midday after France, Italy, Spain and Belgium banned the short-selling of stocks to calm market turmoil sparked by […]
Asian Stock Markets Mixed, Europe Mostly Higher Early Friday
Posted August 12th, 2011 at 4:55 am (UTC-5)
Asian stock exchanges are in mixed territory Friday to end a week of roller coaster week of extreme gains and losses on markets around the world. Japan’s benchmark Nikkei index lost nearly a quarter of a percent at Friday’s closing bell, while Hong Kong’s Hang Seng index enjoyed a slight gain. Markets in Seoul, Shanghai […]
