Economic reports published Thursday show the U.S. housing and job markets getting a little better. The Labor Department says 5,000 fewer Americans signed up for unemployment compensation last week, putting the nationwide total at 388,000. While that is the lowest level since last April, it is still above the level seen in a healthy economy. […]
Europe’s Debt Crisis: Spain, France Face Higher Borrowing Costs
Posted November 17th, 2011 at 12:55 pm (UTC-5)
The long reach of the European debt crisis touched Spain and France Thursday, with both countries forced to pay more to finance their governments. Spain, Europe’s fourth biggest economy, paid its highest borrowing costs since 1997 to sell nearly $5 billion in bonds. Madrid was forced to pay almost 7 percent interest, the point at […]
Europe’s Debt Crisis: Spain, France Face Higher Borrowing Costs
Posted November 17th, 2011 at 11:00 am (UTC-5)
The long reach of the European debt crisis touched Spain and France Thursday, with both countries forced to pay more to finance their governments. Spain, Europe’s fourth biggest economy, paid its highest borrowing costs since 1997 to sell nearly $5 billion in bonds. Madrid was forced to pay almost 7 percent interest, the point at […]
Greece Deploys Thousands of Police for Thursday’s Protest March
Posted November 17th, 2011 at 5:40 am (UTC-5)
Greece has deployed thousands of police officers to Athens to prevent violence during an annual protest march Thursday. The march to the U.S. embassy is expected to include demonstrators upset over the new interim government’s austerity measures. The demonstrations come a day after the government overwhelmingly won a vote of confidence in a parliamentary vote. […]
Bank of Kapan Keeps Key Interest Rate at Zero
Posted November 16th, 2011 at 10:40 pm (UTC-5)
Japan’s central bank has kept its key interest rate at virtually zero in a widely expected decision. Bank of Japan Governor Masaaki Shirakawa said Wednesday the bank’s policy board members voted unanimously to maintain the short-term interest rate at 0 to 0.1 percent. He spoke to reporters after the policy board’s two-day meeting. The Bank […]
EU Leaders Call for Continent’s Economic Consolidation
Posted November 16th, 2011 at 1:55 pm (UTC-5)
Key European Union officials say the continent needs to oversee the spending of individual countries to ensure the survival of the euro currency and resolve the burgeoning debt crisis. Both European Commission President Jose Manuel Barroso and EU President Herman Van Rompuy called Wednesday for further integration of Europe’s economic affairs. Barroso told the European […]
EU Leaders Call for Continent’s Economic Consolidation
Posted November 16th, 2011 at 1:00 pm (UTC-5)
Key European Union officials say the continent needs to oversee the spending of individual countries to ensure the survival of the euro currency and resolve the burgeoning debt crisis. Both European Commission President Jose Manuel Barroso and EU President Herman Van Rompuy called Wednesday for further integration of Europe’s economic affairs. Barroso told the European […]
EU Leaders Call for Continent’s Economic Consolidation
Posted November 16th, 2011 at 12:30 pm (UTC-5)
Key European Union officials say the continent needs to oversee the spending of individual countries to ensure the survival of the euro currency and resolve the burgeoning debt crisis. Both European Commission President Jose Manuel Barroso and EU President Herman Van Rompuy called Wednesday for further integration of Europe’s economic affairs. Barroso told the European […]
EU Leaders Call for Continent’s Economic Consolidation
Posted November 16th, 2011 at 11:00 am (UTC-5)
Key European Union officials say the continent needs to oversee the spending of individual countries to ensure the survival of the euro currency and resolve the burgeoning debt crisis. Both European Commission President Jose Manuel Barroso and EU President Herman Van Rompuy called Wednesday for further integration of Europe’s economic affairs. Barroso told the European […]
Italian, Greek Leaders Face Crucial Tests
Posted November 16th, 2011 at 5:55 am (UTC-5)
The newly-elected leaders of Italy and Greece are facing crucial tests as they try to help pull the eurozone back from the brink of economic disaster. Italian Prime Minister-designate Mario Monti is set to present his new government Wednesday before being sworn into office. Mr. Monti refused to comment on the make-up of his new […]
