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 Americans sell in the Chinese 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 month. […]
New Record High For US Trade Deficit With China
Posted October 13th, 2011 at 11:45 am (UTC-5)
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Greek Workers Stage New Anti-Austerity Protests
Posted October 13th, 2011 at 10:05 am (UTC-5)
New waves of Greek workers walked off their jobs Thursday in a heightened protest of the government’s effort to impose austerity measures to satisfy international creditors. Public transportation ground to a halt in Athens, while power company workers sought to block their employer from collecting a new property tax and lawyers refused to appear in […]
US Jobless Claims Decline Slightly
Posted October 13th, 2011 at 9:21 am (UTC-5)
Economic reports published Thursday show a slight improvement in the U.S. job market, while the trade deficit was nearly unchanged. The Labor Department says the number of Americans signing up for unemployment compensation declined by 1,000 to a total of 404,000 last week. While that is an improvement, the nationwide total is still higher than […]
US Central Bank Considered Stronger Action To Boost Economy
Posted October 12th, 2011 at 2:55 pm (UTC-5)
Top officials of the U.S. central bank considered and then set aside a plan to take stronger action to bolster the faltering economic recovery. The information comes from the minutes of the Federal Reserve’s most recent meeting in late September, which were made public Wednesday after a delay of a couple of weeks. Some officials […]
Slovak Lawmakers Agree to Expand Eurozone’s Bailout Fund
Posted October 12th, 2011 at 11:10 am (UTC-5)
Slovak lawmakers agreed Wednesday to reverse their vote against expanding a bailout fund for Europe’s financially troubled countries. Leaders of Slovakia’s four main political parties reached accord a day after the nation’s Parliament rejected a bid calling for the impoverished central European nation to guarantee $10 billion of the expanded $596 billion fund. The Tuesday […]
European Leaders Press Slovakia to Reverse Anti-Bailout Vote
Posted October 12th, 2011 at 10:00 am (UTC-5)
European leaders are pressing Slovakia to quickly reverse its vote against expanding a bailout fund for the continent’s financially troubled countries. German Chancellor Angela Merkel, whose country has Europe’s biggest economy, warned Wednesday that the global economy is “heavily affected” by Europe’s governmental debt crisis. She said that “every country must contribute its share” to […]
Slovakia Rejects Expanded Eurozone Bailout Fund
Posted October 11th, 2011 at 5:10 pm (UTC-5)
Slovakia has rejected an expanded European bailout fund in a vote that also toppled the Slovak government. Parliament Tuesday voted against the plan, which would have committed Slovakia to guarantee $10 billion for a eurozone-wide fund to help troubled economies like Greece avoid default. Opponents of the plan say Slovakia simply cannot afford it. Slovak […]
Slovakia Set to Reject Expanded Eurozone Bailout Fund
Posted October 11th, 2011 at 10:15 am (UTC-5)
Slovakia appears set Tuesday to reject an expanded European bailout fund and topple the government of Prime Minister Iveta Radicova, although a new parliamentary coalition could approve the bigger aid plan in the coming days. Sixteen of the 17 nations that use the euro currency have already approved the $596 billion bailout fund. But in […]
Belgium Buys Subsidiary of Financially Troubled Dexia Bank
Posted October 10th, 2011 at 5:50 pm (UTC-5)
Belgium is buying a subsidiary of the financially troubled Dexia bank, the first European bank heading toward possible collapse because of the regional debt crisis. The government says it is paying $5.4 billion for Dexia’s Belgian subsidiary. Members of Qatar’s royal family already have said they will pay $1.4 billion to buy the bank’s Luxembourg […]
Belgium Buys Subsidiary of Financially Troubled Dexia Bank
Posted October 10th, 2011 at 5:10 pm (UTC-5)
Belgium is buying a subsidiary of the financially troubled Dexia bank, the first European bank heading toward possible collapse because of the regional debt crisis. The government says it is paying $5.4 billion for Dexia’s Belgian subsidiary. Members of Qatar’s royal family already have said they will pay $1.4 billion to buy the bank’s Luxembourg […]
