Futures on major U.S. stock indices point to lower opening on Tuesday as a fresh exchange of fire between North Korea and South Korea, and concerns over European debt crisis weighed on the sentiment.
Futures on major U.S. stock indices point to lower opening on Tuesday after North Korea shelled a South Korean island, triggering worries that the lingering tensions between the countries could worsen.
Germany's economy grew in line with expectations in the third quarter, but remained sluggish compared to the growth in the previous quarter, according to a report from Destatis, the Federal Statistical Office of Germany.
A BIS study found the market judges risks of uncontrolled inflation to be relatively low for the U.S and euro zone, despite the expansion of their central banks' sheets and soaring gold prices.
Mexico’s economy expanded by 5.3 percent on an annualized basis, significantly below the 7.6 percent growth recorded in the second quarter, the country’s INEGI statistical office INEGI showed on M
The U.S. economic growth is expected to remain sluggish over the next couple of years, as inflation heads towards zero and unemployment remains high. Official U.S. GDP figures are due on Tuesday, along with sales information of existing homes.
Growth of the U.S economy is expected to remain sluggish next year as the nation suffers from high employment, high public debt, and rising commodity prices, says a report.
Thailand’s economy fell into recession following a contraction in the past two consecutive quarters, as strong baht and a weak global demand hit the country’s exports.
Kenya expects boom in tourism - thanks to the ‘royal couple’ of Prince William and Kate Middleton who recently got engaged in the African country.
The saga surrounding the extension (or repeal) of George W. Bush’s tax cuts seems to be changing daily, almost hourly. It’s a highly complex and contentious issue that will (perhaps unfortunately) be decided solely by politics.
As Ireland appears to be on the verge of resolving its debt crisis, the focus may now shift to yet another fiscally-troubled peripheral euro nation, Portugal.
The nations of the EU-10 – which comprise various countries in Eastern Europe -- have commenced a meaningful economic recovery and look to strengthen even further in 2011, according to a report from the World Bank.
As comments from Dublin and Brussels strongly hint at the possibility of Ireland formally seeking international financial support sooner or later, analysts are mulling the chances of a possible bailout of the stricken Celtic Tiger by the robust Chinese Dragon.
The University of Michigan forecasts the U.S. economic recovery to be sluggish in the near term due to the weak jobs market, deleveraging, belt-tightening within state and local governments, and the still-felt impact of the housing collapse.
The Greek government submitted a revised 2011 budget to the Parliament on Thursday, pledging to prune deficit to 7.4 percent of the gross domestic product (GDP), ensuring substantial bailout fund will flow without hiccups from the IMF and the ECB.However, desperate measures to squeeze through the tough austerity net might still not keep the threat of an eventual debt restructuring out of the door, analysts have said.
The Organization for Economic Cooperation and Development (OECD) said that economic activity in its member countries will gradually pick up steam over the coming two years, but the recovery will be uneven and unemployment will remain persistently high.
UK public sector borrowing rose more than expected in October, raising doubts over the coalition government's ability to meet its spending cut estimates.
Ireland is “inching closer” to some kind of bailout package from the European Union (EU) and International Monetary Fund (IMF), according to Jan Randolph, director of sovereign risk at HIS Global Insight in London.
Proposals to reduce the US budget deficit would result in millions of job losses and less deficit reduction, delaying economic recovery for years, according to a report published on Tuesday.
The world’s low-income countries coped much better during the global financial crisis than in past global downturns, according to a new study from the International Monetary Fund (IMF).
How much was accomplished at the just-concluded G20 summit in Seoul, South Korea likely depends upon whom you are asking. While some observers feel the summit cannot really do anything to address the fundamental differences between diametrically opposed economies (see: U.S. vs. China), others feel that progress of any such summit has to be measured in slow, patient doses.
U.S. industrial output remained unchanged in October, following a drop for the first time in September since the recession ended in June 2009, the Federal Reserve data showed on Tuesday.
