GDP

Greek Parties Face Monday EU Bailout Deadline

Prime Minister Lucas Papademos arrives at his office in Athens for a meeting with top Greek political leaders
Greece's coalition parties must tell the European Union by Monday whether they accept the painful terms of a new bailout deal as EU patience wears thin with political dithering in Athens over implementing reforms.
The Euro sculpture is pictured in front of the ECB headquarters in Frankfurt

Euro Zone Leaders Tell Greeks: No Rescue Without Reforms

Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from the euro zone and the IMF.
More news
IBTimes Logo

Eurozone Aims to Agree on Second Greek Bailout by Feb. 6

Eurozone finance ministers aim to agree a second financing package for Greece on Monday, a decision they hope will boost market confidence in euro zone public finances and help contain the two-year-old sovereign debt crisis.
IBTimes Logo

Greek PM Seeks Reform Backing, IMF Warns on Fiscal Pain

Greece's prime minister is seeking backing from the country's political leaders for more austerity measures, with the International Monetary Fund warning that long-term commitment to reforms is key to securing a new bailout.
BSE Sensex

BSE Sensex Up by 1 Percent; SBI, Tata Global Jump

The BSE Sensex rose more than 1 percent on Tuesday morning, led by gains in index heavyweights Reliance Industries (RELI.NS) and ICICI Bank (ICBK.NS), and were poised for their best month in at least ten.
Philadelphia Federal Reserve President Charles Plosser

Fed Too Downbeat on the Economy, Says Philadelphia Fed President

In a remarkable statement to CNBC this morning, one of the most important dissenting voices within the Federal Reserve said the U.S. central bank's assesment of the economy is too pessimistic, and will likely change as the year progresses. Even more notably, he stated the Fed will likely begin raising benchmark interbank lending rates before mid-2013 -- a direct contradiction on a statement by the Fed last Wednesday.
A Greek and an EU flag fly over the Greece's Finance Ministry in Athens

EU Leaders to Agree on Permanent Bailout Fund

EU leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are expected to agree on a balanced budget rule in national legislation, with unresolved problems in Greece casting a shadow on the discussions.
IBTimes Logo

Replacement of Worn-Out Equipment Rises in Sign of Recovery

Delivery trucks wear out, computers break down, software becomes outdated -- and finally businesses have to start investing in new equipment. Companies that want to remain competitive have to start spending again as an economy slowly recovers.
Cargo containers are seen at the Port of Long Beach, California June 19, 2008.

U.S. Fourth-Quarter GDP Growth of 2.8% Fueled by Inventory Bounce: Analyst

Growth in the U.S. gross domestic product during the fourth quarter of last year was estimated at 2.8 percent -- slightly below the consensus expectation of 3.0 percent, but still the best reading in 2011. However, most of the growth came from inventory rebuilding, which can support GDP growth only temporarily.
NASDAQ Market Site in New York's Times Square

U.S. Stocks Fall after GDP Data Hints are Weak Q1

U.S. stocks fell on Friday after data showed the U.S. economy grew less than expected in the fourth quarter, while weak earnings from Ford and continued caution over Europe's debt crisis also weighed on the market.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.