Showing Archived Posts

US Jobless Benefit Claims Drop Sharply

Posted December 13th, 2012 at 11:20 am (UTC-5)
Leave a comment

Claims for jobless benefits have dropped sharply again in the United States, a new signal that the country’s labor market may be improving. The government said Thursday that 343,000 jobless workers sought unemployment compensation last week, down 29,000 from the week before. It was the fourth straight week the number has declined and is the […]

Tags: , Posted in Economy

Eurozone Approves Greek Aid, New Bank Regulation

Posted December 13th, 2012 at 10:00 am (UTC-5)
Leave a comment

Eurozone finance ministers have approved the release of more bailout money for Greece, ending weeks of fears that the debt-ridden country might default on its financial obligations. The finance chiefs approved the $44 billion payment to Athens Thursday after the Greek government this week bought back $41 billion in government bonds from private investors at […]

Tags: , , , , Posted in Europe

EU Reaches Eurozone Bank Supervision Deal

Posted December 13th, 2012 at 1:25 am (UTC-5)
Leave a comment

European Union finance ministers have reached a deal to create a single supervisor for eurozone banks, in a bid to address a key component of the continent’s financial struggles. The agreement reached early Thursday gives the European Central Bank broad powers to oversee banks in the 17 nations that use the euro currency, as well […]

Tags: , Posted in Europe

US Central Bank Weighing New Stimulus

Posted December 12th, 2012 at 10:00 am (UTC-5)
Leave a comment

Federal Reserve policy makers are meeting in Washington, with economists predicting the central bank will expand its stimulus efforts to boost the sluggish U.S. economy. The central bank has pumped hundreds of billions of dollars into the U.S. economy over the last two years through purchase of government bonds and real estate-related securities, but the […]

Tags: , Posted in Economy

Monti Resignation Sparks New Eurozone Uncertainty

Posted December 10th, 2012 at 10:20 am (UTC-5)
Leave a comment

Italy’s stock market plunged Monday and the country’s borrowing costs jumped as the unexpected resignation of Italian Prime Minister Mario Monti added a new uncertainty to the eurozone debt crisis. The country’s main stock exchange index (the FTSE MIB) fell nearly three percent, while the interest rate on the Rome government’s 10-year bond increased a […]

Tags: , , Posted in Economy

ADB Says Asian Growth ‘On Track’ in 2013

Posted December 8th, 2012 at 3:00 am (UTC-5)
Leave a comment

A new report from the Asian Development Bank says lagging Asian economies should pick up steam in the coming year. The latest Asian Development Outlook Supplement predicts that developing Asia will post growth of 6.0 percent in 2012 and 6.6 percent in 2013, about a tenth of a percentage point lower than anticipated in October. […]

Greek Economy Still Plunging

Posted December 7th, 2012 at 3:40 pm (UTC-5)
Leave a comment

The economy in debt-ridden Greece is continuing its freefall, contracting 6.9 percent in the July-to-September period compared to a year ago. The Athens government said Friday the third quarter drop was a slight improvement from an earlier forecast. But the Greek economy is expected to contract another 4.5 percent next year, which would be its […]

Tags: , Posted in Economy

European Central Bank Sees More Eurozone Economic Decline

Posted December 6th, 2012 at 1:40 pm (UTC-5)
Leave a comment

The European Central Bank says the economic fortunes of the 17-nation euro currency bloc are likely to continue to decline next year and not advance again until late in 2013 and into 2014. Bank president Mario Draghi gave his assessment of the eurozone economy Thursday after the central bank kept its benchmark interest rate at […]

Tags: , , , , Posted in Economy

European Central Bank Sees More Eurozone Economic Decline

Posted December 6th, 2012 at 12:10 pm (UTC-5)
Leave a comment

The European Central Bank says the economic fortunes of the 17-nation euro currency bloc are likely to continue to decline next year and not advance again until late in 2013 and into 2014. Bank president Mario Draghi gave his assessment of the eurozone economy Thursday after the central bank kept its benchmark interest rate at […]

Tags: , , Posted in Economy

EU Finance Chiefs Fail to Reach Bank Regulation Pact

Posted December 4th, 2012 at 11:10 am (UTC-5)
Leave a comment

European Union finance chiefs have failed to reach an agreement on regulating banks across the continent. The 27 finance leaders met in Brussels Tuesday, but left without a compromise after French Finance Minister Pierre Moscovici and his German counterpart, Wolfgang Schaeuble, clashed on the extent of the banking regulatory power that the European Central Bank […]

Tags: , , Posted in Economy

Calendar

May 2022
M T W T F S S
« Jan    
 1
2345678
9101112131415
16171819202122
23242526272829
3031  

Archives

Categories