Investors pushed major markets across Asia and Europe lower Monday, following elections in Greece and France that raised concerns about the future of austerity measures put into place to help rescue ailing eurozone economies. Japan’s Nikkei index closed down 2.8 percent while Hong Kong’s Hang Seng was down 2.7 percent in late afternoon trading. Markets […]
World Markets Fall After European Elections Raise Concerns
Posted May 7th, 2012 at 4:00 am (UTC-5)
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Asian Markets Fall After European Elections Raise Concerns
Posted May 7th, 2012 at 3:05 am (UTC-5)
Investors pushed major Asian markets lower Monday, following elections in Greece and France that raised concerns about the future of austerity measures put into place to help rescue ailing eurozone economies. Japan’s Nikkei index closed down 2.8 percent while Hong Kong’s Hang Seng was down 2.7 percent in afternoon trading. European markets also signaled sharp […]
Asian Markets Fall After European Elections Raise Concerns
Posted May 6th, 2012 at 11:30 pm (UTC-5)
Major Asian markets opened lowered Monday, following elections in Greece and France that raised concerns about the future of austerity measures put into place to help rescue ailing eurozone economies. Japan’s Nikkei index and Hong Kong’s Hang Seng both dropped more than 2 percent in early trading. In France, voters elected as their new president […]
New World Trade Center New York’s Tallest Building
Posted April 30th, 2012 at 6:15 pm (UTC-5)
Construction workers carefully placed a steal beam on top of the new World Trade Center Monday, making it New York City’s tallest building. One World Trade Center stands 381 meters above the streets of downtown Manhattan, surpassing the iconic Empire State Building. When completed, the new building will be 104 stories high and 541 meters […]
New IMF Loan Fund Tops $430 Billion
Posted April 20th, 2012 at 3:30 pm (UTC-5)
The International Monetary Fund says it has raised more than $430 billion in new reserves to combat future economic troubles around the world. The international lending agency had set a $400 billion goal for a new rescue fund, in part to combat the possible global economic fallout if the European governmental debt crisis worsens again. […]
IMF Loan Fund Growing
Posted April 20th, 2012 at 4:05 am (UTC-5)
Finance ministers from the world’s 20 biggest economies enter a second day of talks Friday in Washington, with the European debt crisis likely to dominate the discussions. The International Monetary Fund is seeking an additional $400 billion from member nations to boost its ability to protect the world economy against the eurozone debt crisis. The […]
IMF Loan Fund Growing
Posted April 19th, 2012 at 10:45 am (UTC-5)
The chief of the International Monetary Fund says it is on the verge of sharply increasing the size of the fund it has to lend to economically troubled nations around the world. As global finance ministers gather in Washington for springtime IMF and World Bank meetings, the International Monetary Fund says it already has collected […]
South Sudan is World Bank’s Newest Member
Posted April 18th, 2012 at 3:40 pm (UTC-5)
South Sudan became the newest member of the World Bank on Wednesday when the country’s finance minister, Kosti Manibe Ngai, signed an agreement in Washington formalizing the country’s membership in the organization. South Sudan has suffered from decades of conflict, and the World Bank says the world’s newest country has some of the lowest levels […]
IMF: Financial Stability Improved, but Not Assured Long-term
Posted April 18th, 2012 at 12:40 pm (UTC-5)
The International Monetary Fund says that global financial stability has improved over the last several months with the easing of the European debt crisis, but not so much as to ensure long-term economic growth. An IMF senior official, Jose Vinals, said Wednesday in Washington that a new financial bailout for Greece and a European rescue […]
World Bank: Africa Poised for Faster Growth
Posted April 18th, 2012 at 11:30 am (UTC-5)
A new World Bank report says sub-Saharan Africa is poised for faster economic growth after a strong performance last year. In a report published Wednesday, the World Bank says the region’s economy grew at a 4.9 percent annual rate in 2011, making it one of the world’s fastest-growing developing regions. It says growth has been […]
