Currencies and Commodities Creep Lower
In 2008, when the financial crisis was taking form, it was the US who sneezed and the world who caught a cold.
EU Leaders Warn Greece: Stick To Austerity Or Leave Euro
Speaking at a summit in Brussels, the heads of Germany and several EU institutions all urged the debt-stricken country to stick to the deeply unpopular tax hikes, labor reforms and welfare cuts that have divided Greece and pushed it to the brink of exiting the currency union.
China To Top US As No. 1 Business Travel Destination: Report
According to a new report from the Global Business Travel Association, 12- to 15-hour flights to China may soon become the norm for U.S. and European business travelers.
Strong May Car Sales Drive US GDP Growth: Kelley Blue Book
U.S. auto sales will likely reach a 14.2 million seasonally adjusted annual sales rate in May 2012, the greatest year-over-year gain in more than 12 months, as consumers take advantage of credit and low interest rates to replace aging cars. Moreover, increasing car sales are now a primary driver of U.S. GDP growth, according to a Wednesday report by Kelley Blue Book.
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Weekly Roundup: Asian Markets Slump On Euro Zone Concerns, Weak US Data
Asian markets fell this week as they succumbed to the pressures of the euro zone debt crisis and the economic data about the U.S. missing estimates. The Chinese Shanghai Index dropped 2.1 percent and the Japanese Nikkei fell 3.8 percent. Hong Kong's Hang Seng Index plunged 5.1 percent and India's BSE Sensex slumped 0.86 percent.
Italy To Auction Off Historic Lighthouses Amid Recession, Debt Crisis
In a bid to raise much-needed funds for its struggling economy, the Italian government is auctioning off more than a dozen picturesque lighthouses off the coast of Sardinia.
How Rich Is Mark Zuckerberg? Wealthier Than Chad And 60 Other Countries
As soon as Facebook went public Friday, co-founder Mark Zuckerberg became an instant multi-billionaire.
The Most-Effective, Quickest Way To Create More U.S. Jobs
In a talk at New York's Princeton Club, Nobel Prize-winning economist and New York Times Columnist Paul Krugman said the solution to create more jobs and get the U.S. economy to grow faster isn't rocket science: it's fiscal stimulus.
Indian Rupee Slumps To Record Low Against US Dollar
The Indian rupee fell to a record low Friday as it succumbed to pressures of the debt crisis looming over the euro zone and the weak domestic indicators.
Immigration To Germany Surges, As Rules Barring Eastern European Workers Lifted
On a percentage basis, the biggest spikes came from Greece and Spain.
US Jobless Claims Flat At 370,000 - Higher Than Expected
More Americans than expected filed for jobless benefits last week, echoing comments in the minutes of the April Federal Open Market Committee meeting that suggested policymakers feel unsure about the true state of the labor market.
Indian Rupee Recovers Slightly Against US Dollar On Positive Market Sentiment
India?s rupee recovered slightly Thursday following the rebound seen in Asian markets led by positive data from Japan and the US.
US Futures Flat Thursday
Futures on major U.S. indices point to a flat opening on Thursday ahead of economic data including weekly jobless claims
Asian Markets Rebound As Japan Posts Growth And US Fed Signals Further Easing
Asian markets rose Thursday as the economic growth reported by Japan and possible additional monetary stimulus from Federal Reserve to spur growth of the US economy offset the increasing concern of Greece leaving the euro zone.
Japan?s Economy Grows 1% In Q1 On Reconstruction Activities
Japan?s economy grew in the first three months of the year from the preceding quarter, boosted by reconstruction activities in regions hit by last year?s tsunami.
Asian Stocks Rise On US, Japan Data; Greece Worries Remain
Asian stock markets advanced Thursday after the heavy sell-off in the previous session. Better-than-expected economic data from U.S and Japan offset ongoing uncertainty about Greece's political situation.
Risk-On Sentiment Evaporates In Final Two Hours Of Session: Daily Markets Wrap
Investors spent most of Tuesday tip-toeing back into risky assets before suddenly losing their nerve about two hours before the closing bell and retreating, for the second day in a row, to German bunds and U.S. Treasurys.
Singapore: Little Tiger With A Big Military Roar
Singapore was the fifth-largest arms importer in the world between 2007 and 2011.
Africa Must Increase Food Production To Keep Up With Economic Growth: Report
A report released Tuesday by the United Nations Development Program argues that Africa must increase its agricultural productivity in order to keep up with promising rates of economic growth.
German Growth Rescues Euro From Dive
The euro pulled back from a four-month low against the dollar during Asian trading Tuesday after Germany, the euro zone's largest economy, announced first-quarter GDP growth of 0.5 percent.
US Business Inventory Data Disappoint In March
U.S. business inventories rose in March at a slower pace than economists predicted, even as sales rallied, a datapoint that shows firms have not been as confident as economists and equity investors that the current economic recovery will proceed at a firm pace.
Euro Zone Avoids 2nd Recession As German Q1 GDP Surprises
Stronger-than-expected growth in Germany helped the euro area avoid its second recession in three years at the start of 2012 but stagnation in France and contraction in southern Europe underlined the huge economic disparities across the single currency bloc.
Euro Zone Economy Avoids Recession But Split Grows
The euro zone just avoided recession in early 2012, but the region's debt crisis sapped the life out of the French and Italian economies and widened a split with paymaster Germany.
Hollande And Merkel: Can They Find A Compromise?
Hollande also wants the euro zone fiscal pact re-written -- something Merkel has adamantly refused to do.
India's Inflation Rose More Than Expected In April
India's inflation accelerated in April to 7.23 percent, higher than expected and amid sluggish growth, as food and manufacturing costs jumped.
India April Inflation Rises To 7.23%
India's inflation rose unexpectedly in April compared to last year denting prospects further loosening the monetary policy to regain the economic growth momentum.
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