Greek Finance Minister Evangelos Venizelos says the United States fully supports Greece and the new bailout from the European Union and International Monetary Fund. Venizelos met in Washington Monday with U.S. Treasury Secretary Timothy Geithner and IMF chief Christine Legarde. Venizelos gave few details on his talks, but he called his meetings interesting and positive. […]
Greek Finance Minister: Positive Talks in Washington
Posted July 25th, 2011 at 5:40 pm (UTC-5)
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IMF: US Economic Growth Slows
Posted July 25th, 2011 at 3:50 pm (UTC-5)
International Monetary Fund officials say U.S. economic growth slowed from a bit less than 3 percent in the last half of 2010 to a bit less than 2 percent in the first half of this year. An assessment of the U.S. economy published Monday predicts growth will pick up late this year and early next […]
UN Report: Asia-Pacific Recovers from Global Financial Crisis
Posted July 25th, 2011 at 4:05 am (UTC-5)
A United Nations report released Monday says export recovery has led the Asia-Pacific region out of the 2009 global economic and financial crisis. The Asia-Pacific Trade and Investment Report says trade in the region has returned to pre-crisis levels, while foreign direct investment flows have also fully recovered in selected parts of the region, particularly […]
Greek Finance Minister to Discuss New Bailout with US Officials
Posted July 24th, 2011 at 5:45 pm (UTC-5)
Greek Finance Minister Evangelos Venizelos will be in Washington Monday for what Greek media calls very significant meetings with the new IMF chief and top U.S. officials. Venizelos plans to talk with International Monetary Fund head Christine Lagarde and U.S. Treasury Secretary Timothy Geithner. They will discuss what comes next after the European Union and […]
Obama, Sarkozy Approve of Greek Debt Rescue Plan
Posted July 24th, 2011 at 2:05 am (UTC-5)
U.S. President Barack Obama and French President Nicolas Sarkozy have agreed the new Greek debt rescue plan will help ensure stability of the common European currency. The White House says the two leaders spoke by phone Saturday on the Greek plan, which was adopted Thursday at a meeting of European leaders in Brussels. A statement […]
US Experts See North Koreans Turning to Informal Markets
Posted July 22nd, 2011 at 2:15 pm (UTC-5)
Experts on North Korea say a growing number of people in the impoverished state are depending on informal markets to make up for shortages of food and other necessities. Several participants at a conference in Washington earlier this week reported signs of increased public use of markets in the country. North Korea’s communist government normally […]
Greece Pledges Debt Eradication After Second Financial Package
Posted July 22nd, 2011 at 7:10 am (UTC-5)
Greece is expressing relief after securing a second European-backed emergency financial package aimed at preventing Athens from defaulting on its huge public debt and stabilizing the common European currency. The European Union and the International Monetary Fund reached agreement Thursday in Brussels to give Greece another bailout worth about $155 billion. Greece will also get […]
European Leaders Poised to Adopt Second Greek Bailout
Posted July 21st, 2011 at 5:45 pm (UTC-5)
European leaders have adopted another package of measures aimed at preventing Greece from defaulting on its huge public debt and stabilizing the common European currency. The European Union and the International Monetary Fund said Thursday they will give Greece a second bailout worth about $155 billion. In addition, Greece will get voluntary loans from the […]
European Leaders Poised to Adopt Second Greek Bailout
Posted July 21st, 2011 at 4:00 pm (UTC-5)
European leaders have adopted another package of measures aimed at preventing Greece from defaulting on its huge public debt and stabilizing the common European currency. The European Union and the International Monetary Fund said Thursday they will give Greece a second bailout worth about $155 billion. Officials from the continent’s 17 nations that use the […]
Report: US Economy To Grow More Slowly
Posted July 21st, 2011 at 10:30 am (UTC-5)
A private research group predicts that the U.S. economy will grow more slowly in the next few months. Thursday’s report from the Conference Board says its index of leading economic indicators rose three-tenths of a percent in June, which is a smaller rise than the prior month. The index is designed to predict economic conditions […]
