U.S. President Barack Obama says turmoil will continue to grip the world’s financial markets unless European leaders take decisive action. Mr. Obama issued the warning during a joint news conference Wednesday with Australian Prime Minister Julia Gillard in Canberra. Mr. Obama said European leaders need to put in place a “concrete plan” to show financial […]
US, Obama ‘Deeply Concerned’ About Euro Woes
Posted November 16th, 2011 at 4:05 am (UTC-5)
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New Italian PM Says He’s Ready to Present His Government
Posted November 15th, 2011 at 9:40 pm (UTC-5)
Italy’s Prime Minister designate Mario Monti says he is ready to present his new government to the president after getting a stamp of approval from political, business, and union leaders. Mr. Monti plans a Wednesday morning meeting with President Georgio Napolitano, to be followed by his official swearing-in. He declined to give any details on […]
New Italian PM Says He’s Ready to Present His Government
Posted November 15th, 2011 at 7:55 pm (UTC-5)
Italy’s Prime Minister designate Mario Monti says he is ready to present his new government to the president after getting a stamp of approval from political, business, and union leaders. Mr. Monti plans a Wednesday morning meeting with President Georgio Napolitano, to be followed by his official swearing-in. He declined to give any details on […]
Eurozone Economy Barely Advances in Third Quarter
Posted November 15th, 2011 at 3:35 pm (UTC-5)
The eurozone economy barely advanced in the July-to-September period, weighted down by the financial woes in debt-ridden Greece and Italy. The European Union said Tuesday that the economy of the 17-nation bloc that uses the euro currency expanded just two-tenths of one percent in the third quarter, largely supported by bigger growth in the continent’s […]
Eurozone Economy Barely Advances in Third Quarter
Posted November 15th, 2011 at 3:25 pm (UTC-5)
The eurozone economy barely advanced in the July-to-September period, weighted down by the financial woes in debt-ridden Greece and Italy. The European Union said Tuesday that the economy of the 17-nation bloc that uses the euro currency expanded just two-tenths of one percent in the third quarter, largely supported by bigger growth in the continent’s […]
US Retail Sales Rise
Posted November 15th, 2011 at 12:30 pm (UTC-5)
U.S. retail sales grew more slowly in October, giving a moderate boost to the consumer spending that drives most U.S. economic activity. Tuesday’s report from the Commerce Department says the gain was half a percent in October, which is less than the previous month. Consumers have been spending more on electronics, appliances, hardware, and building […]
Eurozone Economy Barely Advances in Third Quarter
Posted November 15th, 2011 at 11:50 am (UTC-5)
The eurozone economy barely advanced in the July-to-September period, weighted down by the financial woes in debt-ridden Greece and Italy. The European Union said Tuesday that the economy in the 17-nation bloc that uses the euro currency expanded just two-tenths of one percent in the third quarter, largely supported by bigger growth in the continent’s […]
Eurozone Economy Barely Advances in Third Quarter
Posted November 15th, 2011 at 10:55 am (UTC-5)
The eurozone economy barely advanced in the July-to-September period, weighted down by the financial woes in debt-ridden Greece and Italy. The European Union said Tuesday that the economy in the 17-nation bloc that uses the euro currency expanded just two-tenths of one percent in the third quarter, largely supported by bigger growth in the continent’s […]
Merkel: Financial Crisis Could be Europe’s Toughest Time Since War
Posted November 15th, 2011 at 3:05 am (UTC-5)
German Chancellor Angela Merkel says the eurozone’s financial problems may be Europe’s biggest crisis since World War Two. Ms. Merkel said Monday that a united Europe could fail if the 17-nation eurozone breaks up over debt problems in Greece, Italy and elsewhere. Germany is Europe’s strongest economy, and the chancellor’s comments came as new leaders […]
Merkel: Financial Crisis Could be Europe’s Toughest Time Since War
Posted November 14th, 2011 at 6:25 pm (UTC-5)
German Chancellor Angela Merkel says the eurozone’s financial problems may be Europe’s biggest crisis since World War Two. Ms. Merkel said Monday that a united Europe could fail if the 17-nation eurozone breaks up over debt problems in Greece, Italy and elsewhere. Germany is Europe’s strongest economy, and the chancellor’s comments came as new leaders […]
