A major financial services agency says ongoing worries over the eurozone crisis and a recent increase in negative credit outlooks continue to hamper the global economic recovery. The New York-based financial ratings agency Fitch Ratings said in a report Tuesday that negative credit outlooks roughly doubled in the last six months in the sovereign, international […]
Fitch: Negative Credit Outlooks Rise as Eurozone Crisis Drags on Global Growth
Posted July 24th, 2012 at 7:00 am (UTC-5)
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Piracy Drops in First Half of 2012
Posted July 16th, 2012 at 9:05 am (UTC-5)
The number of pirate attacks reported in the first half of 2012 has declined sharply, led by drop in Somalia piracy activity. In a new report, the International Maritime Bureau said there were 177 piracy incidents reported in the first six months of this year, compared to 266 incidents for the corresponding period in 2011. […]
China, Europe Cut Key Lending Rates
Posted July 5th, 2012 at 11:05 am (UTC-5)
Two of the world’s biggest economies — China and the 17-nation euro currency bloc — are cutting key lending rates in a new effort to boost their flagging economic fortunes. The Chinese central bank Thursday cut its benchmark lending rate for the second time in a month, signaling that the world’s second largest economy is […]
Millions Pay Tribute on World Refugee Day
Posted June 20th, 2012 at 12:50 pm (UTC-5)
Many people around the world are marking World Refugee Day Wednesday by paying tribute to the more than 42 million people who have been forcibly displaced from their homes. In a special message, U.N. Secretary-General Ban Ki-moon said “refugees leave because they have no choice.” He said everyone must choose to help. U.S. Secretary of […]
European Stocks Fail to Sustain Rally After Greek Election
Posted June 18th, 2012 at 5:25 pm (UTC-5)
Stocks in Europe gave up their early gains Monday, failing to echo the rally in Asia after pro-bailout parties won enough votes in Greece’s parliamentary elections to form a government. Greece’s stock exchange surged more than 7 percent at one point, but lost much of its early gain. Elsewhere in Europe, fears about other struggling […]
European Stocks Fail to Sustain Rally After Greek Election
Posted June 18th, 2012 at 4:55 pm (UTC-5)
Stocks in Europe gave up their early gains Monday, failing to echo the rally in Asia after pro-bailout parties won enough votes in Greece’s parliamentary elections to form a government. Greece’s stock exchange surged more than 7 percent at one point, but lost much of its early gain. Elsewhere in Europe, fears about other struggling […]
European Stocks Fail to Sustain Rally After Greek Election
Posted June 18th, 2012 at 12:35 pm (UTC-5)
Stocks in Europe gave up their initial gains Monday, failing to continue a rally seen in Asia after pro-bailout parties won enough votes in Greece’s parliamentary elections to form a government. Greece’s stock exchange surged more than 7 percent at one point, but waned later, losing much of its early gain. Elsewhere in Europe, fears […]
European Stocks Fail to Sustain Rally After Greek Election
Posted June 18th, 2012 at 9:55 am (UTC-5)
Stocks in Europe gave up their initial gains Monday, failing to continue a rally seen in Asia after pro-bailout parties won enough votes in Greece’s parliamentary elections to form a government. Greece’s stock exchange was the exception, holding a 6-percent advance hours into trading. But elsewhere in Europe, fears about other struggling economies — especially […]
U.N.: Crises Create 800,000 Refugees in 2011
Posted June 18th, 2012 at 7:40 am (UTC-5)
The United Nations refugee agency says 800,000 people around the world became refugees last year, the highest number recorded so far this century. The agency’s “Global Trends 2011” report, released Monday, says an additional 3.5 million were forcibly displaced within their countries. It says most of the displacement stemmed from humanitarian crises in Africa, starting […]
European Stocks Fail to Sustain Rally After Greek Election
Posted June 18th, 2012 at 5:45 am (UTC-5)
Stocks in Europe gave up their initial gains Monday, failing to continue a rally seen in Asia after pro-bailout parties won enough votes in Greece’s parliament elections to form a government. Greece’s stock exchange was the exception, maintaining a 5-percent jump hours into trading. But elsewhere in Europe, fears about other struggling economies – including […]
