European leaders struggled Wednesday to reach agreement on a plan to resolve the continent’s burgeoning debt crisis as they opened their second summit this week in Brussels. While the broad outlines of a debt-relief plan were apparent, the details were not. German Chancellor Angela Merkel said there were “still many problems to settle,” while Luxembourg […]
European Leaders Struggle to Resolve Debt Crisis at Summit
Posted October 26th, 2011 at 1:05 pm (UTC-5)
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Thai Floods Disrupt Factories At Home, Production Abroad
Posted October 26th, 2011 at 12:50 pm (UTC-5)
A global rating agency says Thailand’s severe floods are disrupting manufacturing in that nation, and hurting production of parts used by factories in other countries. Thailand is a major production site for Japanese electronic and auto companies, turning out both finished products and parts needed for assembly elsewhere. Two reports from Standard & Poor’s Ratings […]
US Manufacturing Gets A Boost
Posted October 26th, 2011 at 11:10 am (UTC-5)
A key measure shows orders for many U.S.-made goods posted their strongest gain in six months in September. The Commerce Department says outside the volatile transportation sector, orders for durable goods in the overall economy gained 1.7 percent for the month. If you include orders for civilian aircraft and other transportation items, the month saw […]
US Manufacturing Gets A Boost
Posted October 26th, 2011 at 9:55 am (UTC-5)
Orders for U.S.-made durable goods in most of the economy made their strongest gain in six months in September. The Commerce Department says outside the volatile transportation sector, orders in the overall economy gained a strong 1.7 percent for the month. If you include orders for civilian aircraft and other transportation items, the month saw […]
Germany Approves Bigger Bailout Fund, Ahead of Summit
Posted October 26th, 2011 at 9:45 am (UTC-5)
Germany, with Europe’s biggest economy, approved a sharp increase Wednesday in the continent’s bailout fund to assist debt-ridden countries. The German parliament voted overwhelmingly to more than double the size of the fund to about $1.4 trillion. That gave Chancellor Angela Merkel new clout ahead of a late-day summit of European leaders as they seek […]
European Leaders Try to Find Elusive Debt-Relief Plan
Posted October 26th, 2011 at 6:00 am (UTC-5)
European leaders are scrambling to finalize a plan aimed at resolving the continent’s government debt contagion in time for Wednesday’s summit. Details of a package of reforms have not been set and a pre-summit meeting of European finance ministers was called off. That left some analysts questioning whether the heads of state will be able […]
Europe Scrambling to Complete Debt-Relief Plan
Posted October 25th, 2011 at 3:45 pm (UTC-5)
European leaders are scrambling to finalize a plan aimed at resolving the continent’s government debt contagion, ahead of a Wednesday summit in Brussels. The outline of a package of reforms is emerging, but details have yet to be set, and a pre-summit meeting of European finance ministers was called off. That left some analysts questioning […]
Europe Scrambling to Complete Debt-Relief Plan
Posted October 25th, 2011 at 1:20 pm (UTC-5)
European leaders are scrambling to finalize a plan to resolve the continent’s governmental debt contagion, ahead of Wednesday’s summit in Brussels. The outline of a package of reforms is emerging, but details have yet to be set, and a pre-summit meeting of European finance ministers was called off. That left some analysts to question whether […]
South Africa Unveils $3.2 Billion Stimulus Plan
Posted October 25th, 2011 at 11:50 am (UTC-5)
South Africa’s government has unveiled a $3.2 billion stimulus plan aimed at boosting industrial output and creating jobs in sub-Saharan Africa’s largest economy. Finance Minister Pravin Gordhan announced the six-year package during his mid-term budget speech in Cape Town on Tuesday. Gordhan said the government’s key challenge is to make South Africa more competitive, to […]
World Bank: Global Crisis Means Economic Uncertainty for Bangladesh
Posted October 25th, 2011 at 11:00 am (UTC-5)
The World Bank says the global financial crisis will increase economic uncertainty in Bangladesh, making it difficult for the country to achieve its target annual growth rate of 7 percent. In a report released Tuesday, the World bank said economic growth in Bangladesh was strong in the fiscal year that ended this past June, reaching […]
