UNEMPLOYMENT

Fed Keeps Bond-Buying Door Open: Minutes

US Federal Reserve
U.S. Federal Reserve policymakers kept the door open to a fresh round of monetary stimulus, citing downside risks to a moderately expanding economy, according to minutes for the central bank's April meeting.
More news
U.S. investors came back from a long holiday weekend to a flurry of big news from Spain Tuesday, as the government there is looking to stave off the imminent collapse of nationalized financier Bankia S.A. -- the country's fourth-largest bank -- with a €19

Spain Agrees To Independent Banking Audit, Orders More Reserves From Banks

The Spanish government agreed Friday to an independent audit of the holdings of its banking sector, as requested by the European Union. It also said that banks would be required to set aside more cash in the face of losses from toxic loans, as the country's economy teeters from high unemployment and weak economic output, and also offered high-interest loans for weaker lenders.
IBTimes Logo

Asian Shares Fall On JPMorgan Shock, China Data Awaited

Asian shares retreated Friday, spooked by JPMorgan's $2 billion loss from a failed hedging strategy, with investors warily watching political turmoil in the euro zone as they await new Chinese data for clues on its growth outlook.
American University student Caitlin Treanor (R) speaks with job recruiter Jon Avery during a career job fair at American University in Washington March 28, 2012.

US Jobless Claims Edged Down To 367,000 Last Week

Fewer Americans than expected filed for jobless benefits last week, calming some concerns about the jobs market recovery after a disappointing April employment report. However, many signs point to the fact that companies are still very cautious about adding workers.
U.S. investors came back from a long holiday weekend to a flurry of big news from Spain Tuesday, as the government there is looking to stave off the imminent collapse of nationalized financier Bankia S.A. -- the country's fourth-largest bank -- with a €19

Spain To Demand That Banks Recognize More Losses

Spain stepped up efforts to save its troubled banks on Thursday with a plan to make them recognize huge losses from a property crash, but uncertainty over the final cost of a rescue hit the euro, Spanish debt and global stock markets.
IBTimes Logo

McDonald's April U.S. sales miss estimates

Neither premium chicken sandwiches nor Angus burgers could tempt U.S. consumers to spend more on higher-priced items at McDonald's, as a tepid U.S. economic recovery kept restaurant spending in check.
Spain

Spain Industrial Output Falls 7.5% In March

Spain, the euro zone's fourth-largest economy, said Monday industrial output decrease by 7.5 percent in March compared to the prior year, following sharp unemployment and shrinking gross domestic product, according to official data.
The more optimistic outlook for the residential property market in the UK looked to have run out of steam in April as prices edged lower

UK Unemployment Will Rise For Five Years, Warns CEBR

According to the think-tank, a generally weaker economic outlook for a longer period in the UK, and revised jobless forecasts mean that only the affluent areas of London, the South East and East of England will escape the trend.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.