Japan’s government has lifted its assessment of the country’s economy for the first time since a devastating earthquake and tsunami struck in March, saying the economy is moving upward. However, the Cabinet Office’s assessment Monday made clear that deep economic scars remain from the disaster, which left more than 23,000 people dead or missing, and […]
Japan Exports Fall, Government Forecasts Economic Gains
Posted June 20th, 2011 at 9:45 am (UTC-5)
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Eurozone Ministers to Greece: No Bailout Payment Without Spending Cuts
Posted June 20th, 2011 at 5:10 am (UTC-5)
Eurozone finance ministers say Greece must pass severe economic reforms before it receives the next $17 billion loan payment from the European Union and the IMF. The finance ministers failed to sign off on the next installment of the $160 billion bailout package after hours of talks ended early Monday in Luxembourg. However, the ministers […]
No Agreement on Greece by Eurozone Ministers
Posted June 19th, 2011 at 9:25 pm (UTC-5)
Eurozone finance ministers are again telling Greece that the next vital loan installment is only payable when the Greek parliament passes economic reforms. The ministers ended their meeting early Monday in Luxembourg with no final agreement on the next $17 billion payment of the $160 bailout from the European Union and International Monetary Fund. The […]
No Agreement on Greece by Eurozone Ministers
Posted June 19th, 2011 at 9:15 pm (UTC-5)
( Title: GREECE ECONOMY 3RD UPD HEAD: No Agreement on Greece by Eurozone Ministers DATE: 06/19/11 NUMBER: 1052243 TYPE: CN )) Eurozone finance ministers are again telling Greece that the next vital loan installment is only payable when the Greek parliament pauses economic reforms. The ministers ended their meeting early Monday in Luxembourg with no […]
Global Economy Facing Growing Dangers
Posted June 18th, 2011 at 12:55 am (UTC-5)
The International Monetary Fund warns recent trends in major economies are “not reassuring” and says chances are growing the global economy could stumble. The IMF’s World Economic Outlook released Friday says the global economy expanded at a rate of 4.3 percent for the first three months of the year. But it points to recent weakness […]
IMF: World Economic Outlook ‘Not Reassuring’
Posted June 17th, 2011 at 4:00 pm (UTC-5)
The International Monetary Fund says recent trends in the world’s major economies are “not reassuring,” and it warns there is a growing chance the global economy could stumble. The IMF’s World Economic Outlook, released Friday, says the global economy expanded at a rate of 4.3 percent for the first three months of the year. But […]
Medvedev Pushes Privatization of State-Owned Companies
Posted June 17th, 2011 at 1:55 pm (UTC-5)
President Dmitry Medvedev says Russia’s future will depend on its ability to sell off government-controlled companies and decentralize Moscow’s political power. Mr. Medvedev told a gathering of political and business leaders in St. Petersburg Friday that the country has to reform, regardless of who was chosen to head the nation in next year’s presidential elections. […]
Data Suggests ‘Choppy’ Growth For US Economy
Posted June 17th, 2011 at 11:45 am (UTC-5)
The latest report on the United States economy suggests it will pull out of its recent slowdown over the next three to six months. A private research group said Friday its index of leading economic indicators rose eight-tenths of a percent in May after declining slightly in April. The New York-based Conference Board looks at […]
Data Suggests ‘Choppy’ Growth For US Economy
Posted June 17th, 2011 at 10:55 am (UTC-5)
The latest report on the United States economy suggests it will pull out of its recent slowdown over the next three to six months. A private research group said Friday its index of leading economic indicators rose eight-tenths of a percent in May after declining slightly in April. The New York-based Conference Board looks at […]
IMF: World Economic Outlook ‘Not Reassuring’
Posted June 17th, 2011 at 9:20 am (UTC-5)
The International Monetary Fund says recent trends in the world’s major economies are “not reassuring,” and it warns there is a growing chance the global economy could stumble. The IMF’s World Economic Outlook, released Friday, says the global economy expanded at a rate of 4.3 percent for the first three months of the year. But […]
