Disappointing corporate earnings and continuing worries about Spain’s battered economy cut stock prices on key European and U.S. exchanges Tuesday. Crude oil prices also declined. France’s CAC-40 and Germany’s DAX were down more than two percent at the close, while in New York, the benchmark Dow lost more than 1.7 percent while the S&P 500 […]
Disappointing Corporate Earnings & Worries About Spain Hurt Markets
Posted October 23rd, 2012 at 4:20 pm (UTC-5)
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UN Says World Hungry Now Under 1 Billion
Posted October 9th, 2012 at 5:55 am (UTC-5)
The United Nations food agency says nearly 870 million people around the world are chronically undernourished. The Food and Agriculture agency said in a report released Tuesday that one in eight people, or 12.5 percent of the global population, are suffering with hunger. The food agency says the new figure is lower than the recent […]
IMF Predicts Slower Global Economic Growth
Posted October 8th, 2012 at 5:35 pm (UTC-5)
The International Monetary Fund is cutting its prediction for global economic expansion this year, and the fund’s experts say the risks of serious economic problems are growing. The World Economic Outlook is being published ahead of meetings of key financial officials from around the world in Tokyo this week. It says global growth will slow […]
World Bank Predicts Slowdown for Asian Economies
Posted October 8th, 2012 at 8:00 am (UTC-5)
The World Bank has issued a report predicting an economic growth slowdown in Asia this year. Monday’s report says economic growth in the Asia-Pacific region may slow down by a full percentage point, from 8.2 percent in 2011 to 7.2 percent this year, before recovering to 7.6 percent in 2013. The new report also says […]
World Bank Predicts Slowdown for Asian Economies
Posted October 8th, 2012 at 1:25 am (UTC-5)
The World Bank has issued a report predicting an economic growth slowdown in Asia this year. Monday’s report said economic grown in the Asia – Pacific region may slow down by a full percentage point, from 8.2 percent in 2011 to 7.2 percent this year, before recovering to 7.6 percent in 2013. The new report […]
West Condemns Killing of US Ambassador, Arab Leaders Condemn Film
Posted September 12th, 2012 at 4:55 pm (UTC-5)
Many world leaders are condemning the deadly attack on the U.S. consulate in Libya, but some in the Arab world are reserving their criticism for the film that appeared to provoke the violence. British Foreign Secretary William Hague said there is no justification for the attack and called the killing of U.S. Ambassador Christopher Stevens […]
West Condemns Killing of US Ambassador, Arab Leaders Condemn Film
Posted September 12th, 2012 at 3:40 pm (UTC-5)
Many world leaders are condemning the deadly attack on the U.S. consulate in Libya, but some in the Arab world are reserving their criticism for the film that appeared to provoke the violence. British Foreign Secretary William Hague said there is no justification for the attack. He called the killing of U.S. Ambassador Christopher Stevens […]
World Food Prices Unchanged in August
Posted September 6th, 2012 at 9:15 am (UTC-5)
The United Nations says world food prices held steady in August, after a big jump the month before. The U.N. Food and Agriculture Organization in Rome says its food price index was unchanged last month. The agency said that eased fears summertime droughts in the U.S. and Eastern Europe could continue to push food prices […]
World Economic Forum: US Competitiveness Slipping
Posted September 5th, 2012 at 11:00 am (UTC-5)
The World Economic Forum says the United States, with the world’s largest economy, is slipping in its global competitiveness because its political leaders have failed to deal with the country’s rising debt and continued deficit spending. On Wednesday, the day after the U.S. said its debt has reached a record $16 trillion, the Geneva-based group […]
World Bank Preparing $85 Million in Grants to Support Burma’s Reforms
Posted August 1st, 2012 at 3:35 am (UTC-5)
The World Bank is preparing up to $85 million in new grants for Burma in order to help support reforms in the Southeast Asian country. The global lender said in a statement Wednesday that the grants will support “community driven development programs” that aim to provide the Burmese people with “real economic benefits” from their […]
