The number of unemployed Americans making their first claims for jobless benefits edged higher last week, but remained at a level suggesting the country’s labor market is strengthening. The U.S. Labor Department said Thursday that 362,000 unemployed workers sought compensation. But the four-week average remained at about 355,000 — close to a four-year low. Economists […]
Greece Nears Debt Write-Off Goal
Posted March 8th, 2012 at 9:45 am (UTC-5)
Greece is nearing its goal of getting the country’s private lenders to eliminate $142 billion of the country’s debt to help it avoid a default on its financial obligations later this month. European leaders and financial analysts predicted the Athens government would be successful in winning pledges from its creditors ahead of a deadline Thursday […]
Greece Still Short of Reaching Debt Write-Off Goal
Posted March 8th, 2012 at 8:05 am (UTC-5)
Greece is edging closer to its goal of getting the country’s private lenders to eliminate $142 billion of the debt it owes them, but remains short of the target as a Thursday deadline nears. Eurogroup president Jean-Claude Juncker said Wednesday he is confident private investors participating in a Greek debt-relief deal would reach the target […]
Greece Still Short of Reaching Debt Write-Off Goal
Posted March 8th, 2012 at 12:35 am (UTC-5)
Greece is edging closer to its goal of getting the country’s private lenders to eliminate $142 billion of the debt it owes them, but remains short of the target as a Thursday deadline nears. Eurogroup president Jean-Claude Junker said Wednesday, he is confident private investors’ participating in a Greek debt-relief deal would reach the target […]
Greece Still Short of Reaching Debt Write-off Goal
Posted March 7th, 2012 at 10:20 am (UTC-5)
Greece is edging closer to its goal of getting the country’s private lenders to eliminate $142 billion of the money it owes them, but remained short of the target as a Thursday deadline neared. The Athens government says it needs the banks, pension funds and other financial institutions holding at least two-thirds of the country’s […]
Major Stock Indexes Fall Over European Concerns
Posted March 6th, 2012 at 12:05 pm (UTC-5)
Stock indexes in Europe and the United States fell sharply Tuesday as investors worried about the contraction of the economy in the 17-nation euro currency bloc and whether Greece can successfully eliminate a large portion of its debt. Markets in London, Frankfurt and Paris fell about two percent or more after the European Union confirmed […]
Eurozone Confirms Its Economy Slid in Late 2011
Posted March 6th, 2012 at 10:10 am (UTC-5)
The European Union is confirming that the economy for the 17-nation euro currency bloc contracted in the last three months of 2011. The EU’s economic commissioner, Olli Rehn, said Tuesday that the eurozone “is currently in a mild recession.” The region’s economy dipped three-tenths of a percentage point in the October-to-December period and eurozone leaders […]
12 Major Bond Holders Agree to Cut Greek Debt
Posted March 5th, 2012 at 2:55 pm (UTC-5)
Greece’s largest private creditors say they will eliminate more than half the debt the country owes them to help it avoid a default later this month. The banks, insurers and investment funds said Monday they would participate in the plan to cut $142 billion in Greek debt, although it was not immediately clear what share […]
12 Major Bond Holders Agree to Cut Greek Debt
Posted March 5th, 2012 at 12:10 pm (UTC-5)
Greece’s largest private creditors say they will eliminate more than half the debt the country owes them to help it avoid a default later this month. The banks, insurers and investment funds said Monday they would participate in the plan to cut $142 billion in Greek debt although it was not immediately clear what share […]
Jobless Benefit Claims Edge Lower in US
Posted March 1st, 2012 at 1:15 pm (UTC-5)
Claims for new jobless benefits in the U.S. are continuing to fall, the latest sign of an improving labor market in the world’s largest economy. The government said Thursday that 351,000 workers made initial claims for unemployment compensation last week, 2,000 fewer than the week before. Claims for jobless assistance in the U.S. have generally […]
