WASHINGTON — The stagnant job growth that has plagued the American economy for more than three years is finally showing signs of easing, but it still could take years before the nation returns to the levels that preceded the economic collapse of 2008.
Wednesday, February 29, 2012
Tuesday, February 28, 2012
G20 chiefs: Europe needs a bigger financial firewall
NEW YORK (CNNMoney) -- European leaders have taken "substantial" steps to contain the eurozone debt crisis, but they need to build a stronger financial firewall to ensure the safety of the global economy, top finance officials said Sunday.
Monday, February 27, 2012
Tanzania economy may grow 7 pct in 2012/13: World Bank
DAR ES SALAAM (Reuters) - Tanzania's economy could rebound to 7 percent growth in 2012/13 if the global economy recovers, with gas revenues expected to boost domestic growth in the next decade, a World Bank official said on Friday.
Sunday, February 26, 2012
Structural reforms needed even in recovery: OECD
Reuters) - The recent financial crisis and sluggish recovery around the globe have rightly helped spur governments to take on structural reforms such as in the labor, retirement and tax sectors to the benefit of many nations, the OECD said on Friday.
Friday, February 24, 2012
ECB's Draghi says euro zone recovering slowly
FRANKFURT (Reuters) - The euro zone economy is on the mend after a very weak end to 2011 and there have been more positive signs over the last two weeks, European Central Bank President Mario Draghi was quoted on Thursday as saying.
Thursday, February 23, 2012
Surging gas prices threaten to derail economic recovery
The average cost for regular gasoline in California has climbed past $4 a gallon, with prospects for even higher prices ahead. The recent dramatic increases nationally and statewide could hurt consumers and, in turn, the broader economy.
Wednesday, February 22, 2012
US recovery real – but vulnerable
While the gains so far may be modest, evidence suggests the US recovery is gathering strength and could finally be on track to regaining its old form.
Tuesday, February 21, 2012
Economic Growth Called Priority for Philippines
Philippine Finance Secretary Cesar Purisima Saturday said he viewed encouraging economic growth a key policy priority for the country's government and central bank this year, saying there could be room for further interest rate cuts because of continuing economic uncertainty in Europe and the U.S.
Monday, February 20, 2012
Greek cabinet tackles austerity, rescue hopes rise
ATHENS: Greece's cabinet tackled on Saturday how to implement austerity demanded by the EU and IMF as a 130-billion-euro ($171-billion)rescue seemed within reach, while the euro zone considered modifying a deal with private creditors to help Athens reduce its huge debts.
Saturday, February 18, 2012
Nicolas Sarkozy admits David Cameron was right to veto European treaty
Drawing a line under months of bitter clashes over the future of Europe, Mr Sarkozy said he might have done the same if his country was threatened in a similar way.
Friday, February 17, 2012
OECD sees German growth at 0.4% in 2012: Economic ministry
BERLIN: The Organisation for Economic Co-operation and Development (OECD) has predicted that Germany, Europe's top economy, will grow by 0.4 percent this year, the economy ministry in Berlin said on Tuesday.
Thursday, February 16, 2012
Soros: Shale Gas and Oil Prompting Economic Recovery
Millionaire investor George Soros attributes part of his favorable economic outlook for the U.S. to the nation's shale resources, he said in a weekend TV interview.
Wednesday, February 15, 2012
Obama proposes $800 million in aid for "Arab Spring"
WASHINGTON (Reuters) - The White House announced plans on Monday to help "Arab Spring" countries swept by revolutions with more than $800 million in economic aid, while maintaining U.S. military aid to Egypt.
Tuesday, February 14, 2012
European Leaders ‘Confident’ Greece Meeting Bailout Demands
Feb. 13 (Bloomberg) -- Germany and the European Commission welcomed Greek approval of the austerity steps demanded for a financial lifeline, suggesting euro finance chiefs will pull Greece back from the brink when they meet in two days.
Monday, February 13, 2012
Retail sales key to U.S. economic recovery
WASHINGTON (MarketWatch) — If the U.S. economy is to continue to chug along, consumers will have to take the lead.
Sunday, February 12, 2012
BHP mulls production cuts as prices fluctuate
Global mining giant BHP Billiton warned that it could scale back production at unprofitable operations as commodity prices softened due to economic uncertainty.
Friday, February 10, 2012
As Economy Slows, India Awakens to Need for Foreign Investment
NEW DELHI — When India’s finance minister, Pranab Mukherjee, flew to Chicago recently to address a group of American executives, it was to deliver an urgent message: India is still open for business.
Thursday, February 9, 2012
ECB will particiapte in Greek debt writedown: report
PARIS: The European Central Bank will participate in a sharp writedown of Greece's debt currently under negotiation in Athens, the Wall Street Journal reported on Wednesday.
Wednesday, February 8, 2012
With job spurt, US economy races ahead of Europe
The latest surge in US job creation suggests the world's biggest economy is gathering momentum -- in contrast with the recession taking hold in parts of Europe.
Tuesday, February 7, 2012
Analysis: Euro zone strugglers lack innovative knack
LONDON (Reuters) - To get an idea of the economic mountain euro zone strugglers Greece and Portugal have to climb, consider this: per million inhabitants, they each filed fewer than eight applications with the European Patent Office in 2010.
Monday, February 6, 2012
Economy moving in right direction
Economists are more optimistic that the economy is gaining momentum, based not only on job growth but other positive reports.
Saturday, February 4, 2012
Europe gets bond market respite, real economy pain
MADRID/FRANKFURT (Reuters) - Spain and France gained fresh relief at bond auctions on Thursday, extending a rally in euro zone government debt markets since the European Central Bank flooded banks with cheap money in December.
Friday, February 3, 2012
China Economy Heading for ‘Hard Landing’ as Exports Decline, Shilling Says
Feb. 2 (Bloomberg) -- China’s economy is headed for a “hard landing” this year as weaker demand overseas chokes off exports, said Gary Shilling, who correctly forecast the U.S. recession that began in December 2007.
Thursday, February 2, 2012
Portugal Pulls Off Debt Auction, but Fears Remain
MADRID — Portugal easily sold a new batch of short-term debt Wednesday, lifting some of the gloom after a recent surge in its borrowing costs amid concerns that the country will have to follow Greece in seeking a new bailout.
Wednesday, February 1, 2012
Budget Treaty: Neither Panacea Nor Poison
BERLIN—As German Chancellor Angela Merkel sees it, Europe's new "fiscal compact" on budget discipline will turn the euro zone into a more-perfect currency union.
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