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EU Calling for More Unity in Debt Crisis

Posted September 28th, 2011 at 9:46 am (UTC-5)
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The European Union is calling for more unity to deal with the continent’s debt crisis, even as economic power Germany heads to a key vote on how much to help financially troubled countries. European Commission President Jose Manuel Barroso said Wednesday the debt crisis is a test of Europe’s ability to respond to a challenge. […]

Tags: , , , Posted in Economy, Europe

Greece Approves Controversial New Property Tax

Posted September 27th, 2011 at 2:46 pm (UTC-5)
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The Greek Parliament approved a controversial new property tax Tuesday, its latest effort to satisfy international creditors that it is committed to cutting its debt to secure a new round of financing next month to avoid a government default. The new tax was announced earlier this month and has deeply angered Greeks already beset by […]

Tags: , , , Posted in Economy

World Stocks Advance Sharply on Tuesday

Posted September 27th, 2011 at 12:41 pm (UTC-5)
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World stock markets advanced broadly on Tuesday as hope grew that the European debt crisis would be resolved. U.S. stock indexes moved higher in midday trading. The Dow Jones Industrial Average of 30 key stocks is up 2.6 percent, with the S&P 500 ahead 2.5 percent. The technology-laden NASDAQ is up 2.4 percent. European stock […]

Tags: , , , Posted in Economy

World Stocks Advance Sharply on Tuesday

Posted September 27th, 2011 at 10:21 am (UTC-5)
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World stock markets advanced broadly on Tuesday as hope grew that the European debt crisis would be resolved. U.S. stock indexes advanced in early trading. The Dow Jones Industrial Average and the S&P 500 are both ahead by more than 1.7 percent, with the NASDAQ up 1.4 percent. European stock prices moved even higher in […]

Tags: , , , Posted in Economy

Greece Says It Will Get New Bailout Money, Avoid Default

Posted September 27th, 2011 at 9:26 am (UTC-5)
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Greece is voicing new confidence that it will be able to carry out its austerity plan in order to receive more international financial assistance in time to avoid a default next month. Greek Prime Minister George Papandreou told German business leaders Tuesday that his government is making a “superhuman effort” to cut its debt. He […]

Tags: , , , Posted in Economy, Europe

US Markets Advance in Midday Trading Monday

Posted September 26th, 2011 at 1:06 pm (UTC-5)
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U.S. stock indexes advanced in midday trading Monday. The Dow Jones Industrial Average is up 1.4 percent, while the S&P 500 is ahead nine-tenths of one percent. The NASDAQ is fractionally ahead from Friday’s close. European stock markets closed higher. London’s Financial Times 100 index ended up one-half of one percent at 5,089. The CAC-40 […]

Tags: , , , Posted in Economy

US Markets Open Mixed on Monday

Posted September 26th, 2011 at 10:31 am (UTC-5)
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U.S. stock indexes opened mixed on Monday. The Dow Jones Industrial Average is up eight-tenths of a percent, while the S&P 500 is ahead four-tenths of one percent. The NASDAQ is off three-tenths of a percent. European stock markets are higher in afternoon trading. London’s Financial Times 100 index is up four-tenths of a percent. […]

Tags: , , , Posted in Economy

European Leaders Still Grappling with Greek Debt Crisis

Posted September 26th, 2011 at 10:00 am (UTC-5)
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European finance officials are still grappling with the Greek debt crisis after returning home from inconclusive talks at the International Monetary Fund in Washington over the weekend. The United States and other nations are pressing European leaders to drastically increase the size of the continent’s $594 billion bailout fund, perhaps by several trillion dollars. But […]

Tags: , , , Posted in Economy, Europe

US Stocks Advance Slightly in Midday Trading Friday

Posted September 23rd, 2011 at 12:45 pm (UTC-5)
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U.S. stock indexes advanced modestly in midday trading Friday, a day after markets plunged. The Dow Jones Industrial Average is up two-tenths of one percent, while the S&P 500 is ahead seven-tenths of a percent. The NASDAQ is up one percent. European stock markets closed higher. London’s Financial Times 100 index climbed one-half of one […]

Tags: , , , Posted in Europe

US, European Stock Markets End Their Freefall

Posted September 23rd, 2011 at 12:26 pm (UTC-5)
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U.S. and European stock markets steadied themselves Friday, advancing slightly the day after sustaining massive losses spawned by fears the world is headed into another recession. Finance officials from 20 of the world’s emerging and wealthy nations pledged to launch a coordinated effort to bolster the struggling global economy. Investors have watched as $3.4 trillion […]

Tags: , , , Posted in Economy

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