Economics

Draghi’s ECB Rejects Geithner-IMF Push for Measures

2012-04-23 09:08:47

European Central Bank officials led by President Mario Draghi resisted calls from the International Monetary Fund and U.S. Treasury to do more to stem the debt crisis roiling the euro-area economy.

IMF’S Lagarde Enjoys Funds Victory Exposing Europe Rifts

2012-04-23 09:07:04

Three months after waving her purse in front of global finance chiefs, Christine Lagarde filled it with more than $430 billion in pledges for the International Monetary Fund. She may not enjoy her victory for long.

Europe Urged to Fix Crisis as G-20 Warns of More Stress

2012-04-20 09:59:22

Europe’s governments were told the onus for fixing their debt woes still lies with them as the Group of 20 warned the two-year crisis still threatens global growth.

At the Fruity Blooms food stall across the street from Australia’s central bank, the recent return of one customer may offer the biggest clue that inflation pressures are easing.

2012-04-20 09:55:23

Reserve Bank of Australia Governor Glenn Stevens has resumed buying bananas at the stand since the price fell to A$1 ($1.04) in the past three months from as high as A$3 last year in the aftermath of crop damage in the nation’s north, according to the Fruity Blooms owner.

Bo Ouster Undermines Model to Bridge China’s Wealth Gap

2012-04-20 09:53:03

Sitting on a stool polishing shoes for 2 yuan (32 cents) a pair in front of her apartment block in Chongqing, central China, Wang Yunqing says she has reason to thank Bo Xilai, the disgraced former leader of the city.

More Americans Than Forecast Filed Weekly Jobless Claims

2012-04-20 09:49:18

More Americans than forecast filed claims for jobless benefits and sales of previously owned homes unexpectedly dropped, indicating the almost three-year-old economic expansion may be moderating.

Emerging-Market Drift From World Bank to Test Kim

2012-04-17 13:17:52

As Jim Yong Kim takes over as president of the World Bank, he will find himself at the helm of a poverty-fighting organization where large, emerging-market members no longer need it to finance much of their development.

Fed Priority of Rates Integrity Prompts Outlook Struggle

2012-04-17 13:16:51

Federal Reserve officials are grappling with how they might eventually exit from their plan to keep interest rates low through late 2014 without jolting markets.

Retailers Adding Workers Makes U.S. March Decline a Blip

2012-04-17 13:13:42

Applicants weren’t deterred by the heavy rain that fell in San Francisco when local Jamba Inc. (JMBA) outlets opened their doors for the smoothie chain’s first nationwide summer job fair on March 27.

Japan Will Provide $60 Billion to Expand IMF’s Resources

2012-04-17 13:11:59

Japan said it will provide $60 billion to the International Monetary Fund’s effort to expand its resources and shield the global economy against any deepening of Europe’s debt crisis.

Sarkozy Campaign Speech Targets ECB’s Role in Boosting Growth

2012-04-16 09:12:56

French President Nicolas Sarkozy, speaking to the biggest rally of his re-election bid, said the European Central Bank should do more to promote economic growth, reviving an issue he raised in his 2007 campaign.

Geithner Urges U.S. Lawmakers to Leave Drama Out of Debt Limit

2012-04-16 09:10:41

U.S. Treasury Secretary Timothy F. Geithner warned Congress against repeating last year’s “very damaging” debate over the debt limit and said the economy is stronger than at any time in the past several years.

Euro Area Seeks Bigger IMF War Chest on Spanish Concerns

2012-04-16 09:09:46

European officials travel to Washington this week seeking a bigger global war chest to combat the debt crisis as Spain’s government battles to quell renewed market turmoil over its finances.

China Widening Yuan Band Shows Confidence in Economy

2012-04-16 09:08:34

China’s doubling of the yuan trading band signals official confidence in the strength of the economy’s expansion and suggests policymaking is unimpeded by the ouster of Bo Xilai from the Communist Party leadership.

Fed Says Economy Grew at ‘Modest to Moderate’ Pace

2012-04-12 08:47:37

The Federal Reserve said the economy grew in all 12 of its regions as manufacturing, hiring and retail sales showed signs of strength in the face of higher fuel prices.

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