The European Union’s top executive says he is confident that Europe will not slip back into a second recession. European Commission President Jose Manuel Barroso offered the assurance Monday in Canberra after holding talks with Australian Prime Minister Julia Gillard. He said the common European currency remains strong and the region’s leaders are facing their […]
EC Chief Predicts Continued Economic Growth for Europe
Posted September 5th, 2011 at 4:45 am (UTC-5)
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Asian Markets Sink on Fears of New US Recession
Posted September 5th, 2011 at 3:05 am (UTC-5)
Asian markets suffered heavy losses Monday amid anxiety over disappointing job creation figures from the United States. South Korea’s main stock index was down by 4.39 percent at the close, while losses topped 2.3 percent in Australia and 1.8 percent in Japan. Hong Kong’s main index was down more than 2.5 percent in late trading. […]
Asian Markets Sink on Fears of New US Recession
Posted September 5th, 2011 at 12:25 am (UTC-5)
Asian markets were down steeply in early trading Monday, with losses approaching 3 percent in South Korea and exceeding 2 percent in Hong Kong. Analysts said the sell-off came in reaction to Friday’s disappointing job creation figures from the United States. Asian companies that rely on export sales to the United States were especially hard […]
US Job Growth Stalls
Posted September 2nd, 2011 at 10:30 am (UTC-5)
Job growth stalled in the U.S. economy in August, leaving the unemployment rate at a relatively high 9.1 percent. Friday’s report from the Labor Department shows no net gain of jobs in August, compared to an estimated net gain of 85,000 in July. Most economists had predicted the figures would show at least some gains […]
Greek Recession Deepens, Complicating Its Deficit Reduction
Posted September 2nd, 2011 at 9:50 am (UTC-5)
Greece says its recessionary economy may shrink 5 percent this year, making it more difficult for the debt-ridden government to meet its pledge to reduce its deficit. The country’s economic plight led to a break-off in talks Friday between Greek financial officials and inspectors from the International Monetary Fund, the European Union and the European […]
US Job Growth Stalls
Posted September 2nd, 2011 at 9:30 am (UTC-5)
Job growth stalled in the U.S. economy in August, leaving the unemployment rate at a relatively high 9.1 percent. Friday’s report from the Labor Department shows no net gain of jobs in August, compared to an estimated net gain of 85,000 in July. Most economists had predicted the figures would show at least some gains […]
US Job Growth Stalls
Posted September 2nd, 2011 at 8:45 am (UTC-5)
Job growth stalled in the U.S. economy in August, leaving the unemployment rate at a relatively high 9.1 percent. Friday’s report from the Labor Department shows no net gain of jobs in August, compared to an estimated net gain of 85,000 in July. Most economists had predicted the figures would show at least some gains […]
White House: Unemployment to Stay High Through 2012
Posted September 1st, 2011 at 5:05 pm (UTC-5)
The White House has released new figures indicating the U.S. economy will grow by about 1.7 percent this year and that the nation’s unemployment rate might still be as high as 9 percent next year. Officials predict the jobless rate will average 9.1 percent this year. The Office of Management and Budget released the report […]
US Jobless Benefit Claims Fall
Posted September 1st, 2011 at 9:35 am (UTC-5)
Fewer unemployed Americans made their first claims for financial assistance last week, but there was no immediate indication that U.S. companies are hiring substantial numbers of new workers. The U.S. government said Thursday that 409,000 jobless workers applied for unemployment compensation, down from 421,000 the previous week. The applications for aid have fallen from an […]
US Jobless Benefit Claims Fall
Posted September 1st, 2011 at 9:00 am (UTC-5)
Fewer unemployed Americans made their first claims for financial assistance last week, but there was no immediate indication that U.S. companies are hiring substantial numbers of new workers. The U.S. government said Thursday that 409,000 jobless workers applied for unemployment compensation, down from 421,000 the previous week. The applications for aid have fallen from an […]
