The impasse appeared to be holding up final negotiations for massive new debt agreements — a eurozone finance ministers' meeting, previously scheduled for Monday to back the new proposals, was postponed to later in the week.
Friday, February 03, 2012
The total number of unemployed fell below 13 million for the first time since February 2009, while the total amount of employed Americans rose to 141.6 million, an increase of 847000 from December. The unemployment rate was last this low in February ...
Friday, February 03, 2012
Chinese manufacturing indexes rose as the world's second- biggest economy withstood weaker exports driven by Europe's debt crisis and a government-induced property slowdown. A US gauge rose to the highest in seven months. In Germany, Europe's largest ...
Wednesday, February 01, 2012
* Dangers to over-reliance on ECB funding flagged * ECB and banks taking on more risk on balance sheets * Feb LTRO seen easing financial stress in money markets By Ana Nicolaci da Costa LONDON, Feb 1 (Reuters) - European Central Bank liquidity has ...
Wednesday, February 01, 2012
WASHINGTON — Seeking cooperation in a polarized climate, President Barack Obama called on Congress Tuesday to act quickly on bipartisan measures that would extend tax breaks for small businesses and help startup companies raise money.
Tuesday, January 31, 2012
30 (Bloomberg) -- Consumer spending stalled in December as Americans used a jump in incomes to restore depleted savings, indicating the biggest part of the economy will not be a driver of the expansion. Purchases were little changed after rising 0.1 ...
Tuesday, January 31, 2012
Enlarge image Economy in US Preferred by Investors: Poll Economy in US Preferred by Investors: Poll Participants at the World Economic Forum (WEF) annual meeting on Jan. 25, 2012 at the Congress Center in Davos. Photograph: Frabrice Coffrini/AFP/Getty ...
Wednesday, January 25, 2012
24 (Bloomberg) -- The International Monetary Fund cut its forecast for global growth and warned that the European debt crisis threatens to derail the world economy. “The epicenter of the danger is Europe but the rest of the world is increasingly ...
Tuesday, January 24, 2012
By DEREK KRAVITZ, AP The nation's five largest mortgage lenders have agreed to overhaul their industry after deceptive foreclosure practices drove homeowners out of their homes, government officials said Monday. A draft settlement between the banks and ...
Tuesday, January 24, 2012
Play Video Canada's dollar appreciated versus its US counterpart to within a cent of parity as crude oil, the nation's largest export, advanced and the outlook for global economic growth improved. The Canadian currency added to last week's rally as US ...
Monday, January 23, 2012
23 (Bloomberg) -- European banks, shunned by investors and each other, may borrow as much next month from the European Central Bank as they did in a record offering in December as they seek refuge from frozen funding markets.
Monday, January 23, 2012
Factory production has surged 15 percent above its lows of 2½ years ago and is helping drive the economy's recovery. A jump in manufacturing output last month coincided with other data suggesting that the economy began 2012 with renewed vigor. ...
Wednesday, January 18, 2012
The Standard & Poor's 500 index topped 1300 for the first time since July, before the European debt crisis set off months of volatility. By Spencer Platt, Getty Images Traders work on the floor of the New York Stock Exchange on Jan. 13, 2012. ...
Tuesday, January 17, 2012
The darkest cloud hanging over the American economy is still what is happening in Europe. As we move into 2012, it is likely that the European debt crisis will continue to dominate the market headlines. The Europeans are in the process of approving ...
Tuesday, January 17, 2012
Market attention was likely to switch on Tuesday to the state of the euro zone's economy with the latest ZEW survey on the health of the giant German economy due. Germany's economy contracted by about 0.25 percent in the fourth quarter as growth slowed ...
Monday, January 16, 2012
FRANKFURT — The European Central Bank said Thursday its decision to make unlimited liquidity available to eurozone banks was helping to stabilise the region's crisis-ridden economy as it left key rates unchanged. At its first policy-setting meeting of ...
Thursday, January 12, 2012
Recently the Fed published a white paper entitled “The US Housing Market: Current Conditions and Policy Considerations”, which dissects the housing market by taking a look at the market conditions along with the extraordinary problems plaguing the ...
Tuesday, January 10, 2012
WASHINGTON (AP) — Americans are feeling confident enough in the economy to go back to a time-honored tradition — taking on a little extra debt. Consumer borrowing surged in November by $20.4 billion, the Federal Reserve said Monday. ...
Monday, January 09, 2012
By Richard Wolf, USA TODAY The soaring national debt has reached a symbolic tipping point: It's now as big as the entire US economy. The amount of money the federal government owes to its creditors, combined with IOUs to government retirement and other ...
Monday, January 09, 2012
MI) of its heavily discounted 7.5 billion euro ($9.68 billion) rights issue failed to stem a second day of steep losses that unsettled investors in other European banks. Italy's largest bank by assets has lost more than 30 percent of its market value ...
Thursday, January 05, 2012
(Daniel Acker/Bloomberg via Getty Images) Credit card rates have risen to a four-year high—this, at a time when the Fed is practically begging banks to lug away free money. Does that mean that card companies are making out like bandits? ...
Thursday, January 05, 2012
That's consistent with our overall view of the economy in 2012." US stocks added to their gains after the report, with the Dow and S&P 500 indexes each advancing 2 percent, while the euro rose against the dollar and US Treasuries fell as investors took ...
Tuesday, January 03, 2012
