The finance ministers of the world’s 20 biggest economies are meeting in Paris to try to resolve the European debt crisis that is threatening to push world economies into another recession. The financial chiefs meeting Friday and Saturday are expected to consider several options that some leaders say could help stabilize the global financial markets […]
G20 Ministers Considering Europe Debt Options
Posted October 14th, 2011 at 2:15 pm (UTC-5)
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US Consumers Grow More Pessimistic
Posted October 14th, 2011 at 11:30 am (UTC-5)
U.S. consumers grew more gloomy in early October as their outlook for the economy and their finances hit its lowest level since 1980. The survey was published Friday by the University of Michigan. Its index of consumer sentiment fell nearly two percentage points from the previous month. Consumers have been hurt by high unemployment, stagnant […]
G20 Ministers Consider Europe Debt Options
Posted October 14th, 2011 at 11:05 am (UTC-5)
The finance ministers of the world’s 20 biggest economies are meeting in Paris to try to resolve the European debt crisis that is threatening to push world economies into another recession. The financial chiefs meeting Friday and Saturday are expected to consider several options that some leaders say could help stabilize the global financial markets […]
Clinton: Economics Central to Foreign Policy
Posted October 14th, 2011 at 10:20 am (UTC-5)
U.S. Secretary of State Hillary Clinton says America must make economic concerns central to its foreign policy. In a speech Friday at the Economic Club in New York City, Clinton told business leaders that emerging powers like Brazil and India have made economics key to their foreign policies. She urged the U.S. to take the […]
Clinton: Economics Central to Foreign Policy
Posted October 14th, 2011 at 10:10 am (UTC-5)
U.S. Secretary of State Hillary Clinton says America must make economic concerns central to its foreign policy. In a speech Friday at the Economic Club in New York City, Clinton told business leaders that emerging powers like Brazil and India have made economics key to their foreign policies. She urged the U.S. to take the […]
G20 Finance Ministers Considering Europe Debt Relief Options
Posted October 14th, 2011 at 10:00 am (UTC-5)
The finance ministers of the world’s 20 biggest economies are gathering in Paris to try to resolve the European debt crisis that is threatening to push the world’s economies into another recession. The financial chiefs meeting Friday and Saturday are expected to consider several options that some leaders say could help stabilize the weeks-long turmoil […]
U.S. Retail Sales Rise
Posted October 14th, 2011 at 9:00 am (UTC-5)
U.S. retail sales rose 1.1 percent in September, the largest increase in seven months. Friday’s report from the Commerce Department shows much of the increase was due to rising auto sales. Outside of transportation sales, retail sales in the overall economy gained six-tenths of a percent. Experts watch retail sales because consumer demand drives about […]
S&P Lowers Spain’s Credit Rating
Posted October 14th, 2011 at 4:15 am (UTC-5)
Standard’s and Poors has lowered Spain’s long term credit rating because of its weak economy and concern over bad bank loans. S&P downgraded Spain’s rating one level to AA- from AA. The rating change means it will likely cost Spain more to borrow money in the long term. The Fitch rating agency also downgraded Spain’s […]
Slovakia Approves Expanded Eurozone Bailout Fund
Posted October 13th, 2011 at 1:25 pm (UTC-5)
Slovakia has approved expansion of Europe’s bailout fund for the continent’s debt-ridden countries, becoming the 17th and final nation needed to complete action on the plan. Slovak lawmakers committed their central European government to a $10 billion share of the $596 billion fund. The approval vote came just two days after Parliament had rejected the […]
New Record High For US Trade Deficit With China
Posted October 13th, 2011 at 12:30 pm (UTC-5)
The U.S. trade deficit with China reached a record high in August. The gap between what China buys from U.S. companies and what the Chinese sell in the American market was $29 billion in August. Thursday’s report from the Commerce Department says the overall U.S. trade deficit with the world was nearly unchanged during the […]
