Economics
2011-12-09 11:13:26
China’s inflation cooled to the slowest pace in 14 months in November as gains in food costs moderated, giving policy makers more room to loosen policies as Europe’s debt crisis threatens exports.
2011-12-09 11:12:32
European leaders battled into the night to halt two years of debt-driven turmoil in financial markets and dispel concerns that the 17-nation euro currency is on the brink of unraveling.
2011-12-07 10:38:49
A German-French push for closer economic ties in Europe won the backing of U.S. Treasury Secretary Timothy F. Geithner, who urged governments to work with central banks to erect a “stronger firewall” to end the debt crisis.
2011-12-06 11:50:36
downgrading the U.S. over government gridlock, is again injecting itself into the political process, just as European leaders are poised to meet for a summit aimed at ending the region’s sovereign-debt crisis.
2011-12-06 11:49:52
Service industries in the U.S. expanded in November at the slowest pace since January 2010 as employment cooled, a sign improvement in the biggest part of the economy will be uneven.
2011-12-06 11:49:11
The Asian Development Bank is preparing for a surge in demand for its trade financing, with a pull-back in lending by European banks risking a greater credit squeeze for some Asian nations than seen in 2008.
2011-12-06 11:48:24
Standard & Poor’s said Germany and France may be stripped of their AAA credit ratings as the debt crisis prompts 15 euro nations to be put on review for possible downgrade.
2011-12-05 10:49:04
Senate Majority Leader Harry Reid will offer a new plan to extend payroll tax cuts and unemployment benefits set to expire this month, the Senate Budget Committee chairman said.
2011-12-05 10:47:43
Service industries in the U.S. probably expanded in November at the fastest pace in six months, a sign the economy is accelerating in the final months of 2011, economists said before a report tomorrow.
2011-12-05 10:45:51
China rejected a preliminary ruling by a U.S. trade panel that imports of Chinese solar panels are harming the domestic industry, saying the decision shows the country’s “inclination to trade protectionism.”
2011-12-05 10:44:31
Prime Minister Mario Monti will lobby parliament to support a 30 billion-euro ($40 billion) package of austerity and growth measures to trim the euro-region’s second- biggest debt and prevent Italy from sparking the euro’s breakup.
2011-12-01 10:41:00
China’s manufacturing contracted for the first time since February 2009 as the property market cooled and Europe’s crisis cut export demand, a survey showed.
2011-12-01 10:40:13
Companies boosted payrolls in November by the most this year and U.S. businesses expanded at the fastest pace in seven months, giving the economy a lift as 2011 draws to a close.
2011-12-01 10:39:26
The Federal Reserve said the economy expanded at a “moderate” pace in 11 of 12 districts, led by gains in manufacturing and consumer spending.
2011-12-01 10:38:28
Six central banks led by the Federal Reserve made it cheaper for banks to borrow dollars in emergencies in a global effort to ease Europe’s sovereign-debt crisis.
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