China's economic outlook is positive, but it must keep battling inflation and be ready to counteract any external shocks, the country's top central banker said on Saturday.
Even as G-20 leaders grapple with the global financial crisis, a larger, over-arching concern is limiting GDP growth in the U.S., and, to a lesser degree, in other developed economies and, by extension, decreasing the capacity of the these nations to counteract the crisis: inadequate wage growth.
In the first half of 2011, the United States registered two straight quarters of sub-par GDP growth, and the risk of a double-dip recession has increased. With consumer spending and business investment lagging, that leaves it up to the public sector to fill the gap. Accordingly, here are five programs to increase U.S. GDP growth.
Due to the lingering government debt crisis in Europe and a 9.1 percent U.S. unemployment rate, key economic statistics are pointing to slow-growth conditions in the U.S. for the next two quarters, and a double-dip recession is possible. Is there anything Congress can do to create jobs and get the U.S. economy moving again?
Adoboli is hardly the first UBS employee to engage in questionable conduct.
Obviously, the pressure got to him and he made a sudden turnabout.
Bank stocks are clearly trading as if a redux of Lehman Brothers is imminent.
The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by severe anxiety over Europe's spiraling debt crisis and a warning from the Federal Reserve about the U.S. economy.
In years past, gold often acted as a safe haven when stocks were falling, and it hit a record in August while equities struggled. Now, however, it's mired in its worst selloff in decades. What does it mean for investors who see gold as a core portfolio holding?
Unfinished car shells rusting in a deserted factory in West Bengal lie testimony to flaws in a century-old land-acquisition law the government now wants to replace.Tata Motors was forced to abandon its Nano plant in 2008 after violent protests by villagers, who claimed they were forced off the land by the local government and paid inadequate compensation.
The Dow Jones industrial average on Friday suffered its worst week since the depths of the financial crisis in 2008, stung by severe anxiety over Europe's spiraling debt crisis and a warning from the Federal Reserved about the U.S. economy.
The FCC has filed its net neutrality rules with the Federal Register, and the controversial rules will go into effect Nov. 20. Don't expect Internet service providers to go down without a fight.
With European banks tanking and the U.S. growth rate grinding to a halt, how does the average investor protect his assets? By being focused.
Zambian opposition leader Michael Sata, a critic of Chinese investment, was sworn in as president on Friday after an upset poll victory that ushered in a smooth handover of power in Africa's biggest copper producer.
Gold prices plummeted Friday, at one point tumbling to 15 percent below the level of three weeks ago, as investors started buying stocks and, to a lesser extent, euros. Silver is now down 25 percent from its mid-week level.
Still burdened by an ongoing phone-hacking scandal at its British subsidiaries, Rupert Murdoch's company is aggressively buying back shares in an effort to buttress its share price. Assuming the shares remain at about $17, one analyst estimates News Corp. will have repurchased almost $2.2 billion in shares by as early as Nov. 7.
Private equity firms looking to invest into Alibaba Group have relieved pressure on Chairman Jack Ma to stage a speedy IPO by allowing a way for employees to sell their shares to willing buyers.
The board of UBS meets on Friday amid the glamour of Singapore's Grand Prix event to decide the future of its scandal-hit investment bank and CEO Oswald Gruebel, on whose watch it lost $2.3 billion in rogue trading.
Stock index futures pointed to a higher open on Wall Street on Friday after steep declines the previous session, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up by between 0.6 and 0.8 percent.
Pat Hughes left the bar he owns in New York City, flew across the country and showed up at 4:45 a.m. Wednesday morning to stand in line.
Two significant speeches from senior Reserve Bank officials in the past day or so have added to the arguments and view the central bank has about the current state and direction of the Australian economy, which appeared in this week's minutes of the September 6 RBA board meeting.
“Back to Work” will be released in November.
