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 jumped higher, while key exchanges in the U.S. continued their […]
World Stock Indexes Jump on US Economic Boost
Posted September 14th, 2012 at 10:35 am (UTC-5)
Leave a comment
India Opens Huge Retail Sector To Foreign Investment
Posted September 14th, 2012 at 10:35 am (UTC-5)
India’s government is opening its huge retail market to foreign retailers such as Wal-Mart, Tesco, and Carrefour. Friday’s action allows foreign firms to own a majority stake in stores that sell more than one brand. Opponents of the action said it would hurt India’s many very small retailers and cost many jobs. Supporters say foreign […]
US Central Bank Launches New Economic Stimulus
Posted September 13th, 2012 at 3:25 pm (UTC-5)
The U.S. central bank launched new measures Thursday to try to stimulate the weak U.S. economy, even as it predicted that the country’s economic fortunes would improve over the next two years. The Federal Reserve said it would buy $40 billion a month of securities supported by real estate loans in its latest effort to […]
US Central Bank Launches New Economic Stimulus
Posted September 13th, 2012 at 1:35 pm (UTC-5)
The U.S. central bank launched new measures Thursday to try to stimulate the weak U.S. economy. The Federal Reserve said it would buy $40 billion a month of securities supported by real estate loans in its latest effort to boost economic growth and spur slack hiring in the country’s labor market. And, at least through […]
US Central Bank Weighs New Economic Stimulus
Posted September 13th, 2012 at 10:00 am (UTC-5)
The U.S. central bank is deciding whether to launch new measures to stimulate the weak U.S. economy. After a two-day meeting, Federal Reserve officials are set to announce any policy changes at mid-day Thursday, with Chairman Ben Bernanke later making a statement on the Fed’s projections for the American economy, the world’s largest. Bernanke last […]
German Court Clears Permanent Europe Rescue Fund
Posted September 12th, 2012 at 9:25 am (UTC-5)
Germany’s top court has rejected attempts to block creation of a new permanent bailout fund for the 17-nation euro currency union, giving the eurozone a new financial firewall to contain the continent’s three-year debt crisis. The Federal Constitutional Court ruled Wednesday that Germany can ratify the $644 billion European Stability Mechanism (ESM) as long as […]
German Court Clears Permanent Europe Rescue Fund
Posted September 12th, 2012 at 6:10 am (UTC-5)
Germany’s top court has rejected attempts to block a new permanent rescue fund for the eurozone, clearing the way for the country’s president to endorse the $644 billion pact. The Federal Constitutional Court ruled Wednesday that Germany can ratify the European Stability Mechanism (ESM) as long as it meets certain conditions. Those include a $244 […]
US Could Face Another Rating Downgrade
Posted September 11th, 2012 at 12:55 pm (UTC-5)
Moody’s Investor Services says it may downgrade the U.S. credit rating unless Congress reaches a deal to cut U.S. debt next year. Rival Standard & Poor’s cut Washington’s credit rating a year ago following hyper-partisan wrangling that pushed the United States to the brink of default on its loans. Moody’s and other agencies are watching […]
Poll: More Indians Dissatisfied With Country’s Direction
Posted September 11th, 2012 at 5:20 am (UTC-5)
A new poll finds an increasing number of Indians are dissatisfied with their country’s direction — as India grapples with slowing economic growth and rising inflation. The survey conducted by the U.S.-based Pew Research Center found that just 38 percent of respondents are satisfied with India’s direction, down from 51 percent a year ago. Pew […]
Greece Struggling to Reach Austerity Deal with Lenders
Posted September 10th, 2012 at 11:40 am (UTC-5)
Greece is struggling to reach agreement with its international lenders on a new round of austerity spending measures aimed at unlocking more bailout money for the Athens government. Greek officials have resumed talks with financial inspectors for the European Union, the European Central Bank and the International Monetary Fund about a plan to cut nearly […]
