Economics
2012-02-13 10:15:49
U.K. inflation probably slowed in January to its weakest pace in more than a year as the impact of a sales-tax increase a year earlier faded and retailers cut prices to lure shoppers.
2012-02-13 10:15:13
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.
2012-02-13 10:14:17
Greek Prime Minister Lucas Papademos won parliamentary approval for austerity measures to secure an international bailout after rioters protesting the measures battled police and set fire to buildings in downtown Athens.
2012-02-13 10:09:22
Japan’s economy shrank an annualized 2.3 percent in the fourth quarter, more than economists estimated, as slumping exports undermine a recovery from last year’s record earthquake.
2012-02-10 09:51:04
Chinese Commerce Minister Chen Deming said exports probably fell in January after foreign trade slowed in the second half of last year, as he pledged to maintain “stability” in the yuan’s exchange rate.
2012-02-10 09:50:11
The Reserve Bank of Australia lowered its forecasts for growth and inflation this year, enabling policy makers to reduce the benchmark interest rate should the economy weaken significantly.
2012-02-10 09:48:44
The Bank of Japan is set to refrain from additional monetary easing next week because of signs of strength in the global economy and the boost from reconstruction work after last March’s earthquake.
2012-02-10 09:31:20
European finance ministers held back a rescue package for Greece in a rebuff that left lawmakers in Athens under government pressure to endorse a newly minted austerity plan or exit the euro.
2012-02-09 09:04:48
In his first 100 days as European Central Bank President, Mario Draghi has taken unprecedented action to tackle the sovereign debt crisis. Greece may push him even further into unknown territory.
2012-02-09 09:03:42
The Bank of Korea held off raising borrowing costs for an eighth straight month as the economy slowed and exports declined due to the European debt crisis.
2012-02-09 09:02:54
Greek Prime Minister Lucas Papademos summoned the country’s international lenders for further discussions today after failing to get full agreement from his coalition supporters on economic measures needed for a second aid package.
2012-02-09 09:01:58
The Federal Reserve’s decision to set a 2 percent inflation target last month had a ripple effect a continent away: Japanese lawmakers are invoking it as evidence that their own central bank comes up short.
2012-02-06 10:23:52
The era of falling food prices has come to an end with the world population set to add another 2 billion people, according to Cargill Inc., the U.S. farm commodities trader
2012-02-06 10:22:48
Former U.S. Treasury Secretary Lawrence Summers said the latest jobs report shows the economy is “on the right road” while Glenn Hubbard, an adviser to Republican presidential candidate Mitt Romney, said he’s skeptical about the meaning of the January numbers.
2012-02-06 10:21:34
European leaders maintained pressure on Greece to accept terms demanded by international lenders during a weekend of talks to avert a financial collapse.
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