Economics
2012-02-24 11:03:22
The International Monetary Fund will seek to keep its exposure to Greece under a new bailout package at 30 billion euros ($39.8 billion), including money still owed from a previous loan, an IMF official said.
2012-02-24 11:02:20
India has proposed setting up a multilateral bank that would be exclusively funded by developing nations and finance projects in those countries, two government officials with knowledge of the matter said.
2012-02-24 11:01:17
Australia’s benchmark interest rate is “about right for the moment” as economic growth is close to trend as concerns ease that Europe’s debt crisis will disrupt global output, Reserve Bank Governor Glenn Stevens said.
2012-02-24 10:59:59
The number of Americans filing first-time claims for jobless benefits last week held at a four- year low and consumers became more confident, indicating an improving labor market may boost household spending.
2012-02-21 09:32:43
Australia’s central bank kept its benchmark interest rate unchanged this month as risks in Europe abated and said it has scope to ease policy if demand were to “weaken materially,” minutes of its Feb. 7 meeting showed.
2012-02-21 09:31:51
The Bank of Korea announced a replacement for a board member as part of changes that will see new members in a majority as early as April.
2012-02-21 09:30:55
In a country that for almost a decade was led by a man who publicly referred to his passion for female conquests, Italy is now relying on three women to help overcome the European debt crisis.
2012-02-21 09:30:11
European governments moved toward a second rescue of Greece, calculating that the 130 billion-euro ($172 billion) cost of a fresh bailout is a price worth paying to prevent a default that could shatter the euro area.
2012-02-15 09:40:33
Australian home-loan approvals jumped in December by the most in seven months and exceeded economists’ forecasts as buyers responded to central bank interest-rate reductions.
2012-02-15 09:40:00
Chinese Premier Wen Jiabao said the nation needs to start “fine-tuning” economic policies this quarter, the first indication of a timeframe for an adjustment he has pledged since October.
2012-02-15 09:38:34
Construction of multifamily units will lead the U.S. building industry again this year, allowing housing to contribute to growth for the first time in seven years, according to economists Michelle Meyer and Celia Chen.
2012-02-14 11:25:12
Australian home-loan approvals jumped in December by the most in seven months and exceeded economists’ forecasts as buyers responded to central bank interest-rate reductions.
2012-02-14 11:24:27
Chinese Premier Wen Jiabao said the nation needs to start “fine-tuning” economic policies this quarter, the first indication of a timeframe for an adjustment he has pledged since October.
2012-02-14 11:23:48
Construction of multifamily units will lead the U.S. building industry again this year, allowing housing to contribute to growth for the first time in seven years, according to economists Michelle Meyer and Celia Chen.
2012-02-14 11:22:01
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.
| TIME | |||||
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