Business - Global Economy

View:

  • Asian stock markets mixed ahead of Fed meeting

    AP – Tue Dec 15, 12:10 am ET  
    Emirati men follow the stock market activity at the Dubai Financial... AFP/File

    HONG KONG - Asian stock markets were mixed Tuesday as investors looked to take profits before year's end and awaited the Federal Reserve's latest assessment of the U.S. economy. Full Story »

  • Abu Dhabi throws Dubai a lifeline, terms uncertain

    Reuters – Mon Dec 14, 2:54 pm ET  
    A construction labourer works in the Marina area of Dubai early... Reuters

    DUBAI (Reuters) - Abu Dhabi threw its flashy but debt-laden neighbour Dubai a $10 billion lifeline to head off a bond default, cheering Gulf and global markets on Monday but raising questions about the undisclosed terms. Full Story »

  • SD farmers finding it harder to get loans

    AP – Mon Dec 14, 11:22 am ET  

    SIOUX FALLS, S.D. - Some South Dakota farmers say tougher banking regulations in response to last year's financial crisis are making it more difficult for them to get operating loans. Full Story »

  • Brussels approves Royal Bank of Scotland revamp

    AFP – Mon Dec 14, 6:52 am ET  
    Two men leave the London headquarters of the Royal Bank of Scotland,... AFP/File

    BRUSSELS (AFP) - The European Commission on Monday approved the restructuring of the state-owned Royal Bank of Scotland, rescued by Europe's biggest-ever taxpayer bailout during the financial crisis. Full Story »

  • Recovering global economy still scarred by crisis

    AFP – Sun Dec 13, 6:48 pm ET  
    Foreign currencies displayed on a glass panel at a money-changer... AFP/File

    WASHINGTON (AFP) - The global economy that was headed for an abyss at the start of 2009 now appears to be in recovery, but remains fragile and scarred by the worst crisis in decades. Full Story »

  • Summary Box: Reports lift hopes for global economy

    AP – Fri Dec 11, 5:48 pm ET  

    RETAIL SURPRISE: Retail spending rose 1.3 percent in November, more than twice the expected gain. Full Story »

  • Treasury receives $936M for JPMorgan warrants

    AP – Fri Dec 11, 4:59 pm ET  
    FILE - In this Thursday, Oct. 1, 2009 file photo, a Chase bank... AP

    WASHINGTON - The Treasury Department has received $936.1 million in the sale of warrants it had received from JPMorgan Chase & Co. as part of the support it provided the bank during last year's financial crisis. Full Story »

  • Ukraine wants 2 billion dollars from IMF: officials

    AFP – Fri Dec 11, 1:47 pm ET  
    Private depositors of the Ukrainian Intercontinent bank shout... AFP/File

    KIEV (AFP) - Ukraine on Friday appealed to the International Monetary Fund for a loan of around two billion dollars to overcome an "extremely difficult" financial situation, government officials said. Full Story »

  • Greece will not default or seek IMF aid: PM

    AFP – Fri Dec 11, 1:39 pm ET  
    Greek Prime Minister George Papandreou arrives at an EU summit... AFP/File

    ATHENS (AFP) - Greek Prime Minister George Papandreou on Friday promised that his government would honor its debts and ruled out appealing to the IMF for help as he prepared emergency measures to save the crisis-hit Greek economy. Full Story »

  • China recovery gathers pace as export slump eases

    AP – Fri Dec 11, 10:07 am ET  
    A woman stands near a women's lingerie advertisement at a subway... AP

    SHANGHAI - China's exports are making a comeback after a jarring slump threw millions out of work, a sign of improving global demand that along with a torrent of stimulus money is accelerating recovery in the world's No. 3 economy. Full Story »

  • Greek PM rules out appeal to IMF

    AFP – Fri Dec 11, 9:46 am ET  

    BRUSSELS (AFP) - Greek Prime Minister George Papandreou on Friday ruled out going cap in hand to the International Monetary Fund as a way out of his country's 300-billion-euro debt morass. Full Story »

  • EU leaders want IMF to mull global transactions tax

    AFP – Fri Dec 11, 3:26 am ET  
    Swedish Prime Minister Fredrik Reinfeldt speaks to the media... AFP

    BRUSSELS (AFP) - European leaders on Friday urged the International Monetary Fund to examine the global so-called 'Tobin' tax to give money back to society in boom times, according to a draft summit statement. Full Story »

  • Advanced economies should keep rates low: IMF

    AFP – Thu Dec 10, 4:50 pm ET  
    Advanced economies should maintain loose monetary policies and... AFP/File

    NEW YORK (AFP) - Advanced economies should maintain loose monetary policies and extra-low interest rates for "some time" to ensure a global economic recovery stays on track, a top IMF official said Thursday. Full Story »

  • Flaherty warns of "consequences" for banks

    Reuters – Thu Dec 10, 3:24 pm ET  

    OTTAWA (Reuters) - Canada has no need to restrict bank bonuses because its banks withstood the financial crisis without taxpayer help, but the government will step in if banks ignore new global financial rules, Finance Minister Jim Flaherty said on Thursday. Full Story »

  • Indonesia calls for greater protection for poor

    AFP – Thu Dec 10, 11:12 am ET  
    Indonesian President Susilo Bambang Yudhoyono speaks during a... AFP

    NUSA DUA, Indonesia (AFP) - Indonesian President Susilo Bambang Yudhoyono called Thursday for reforms to protect the "poor and weak" after the global financial crisis, as he opened a regional democracy forum. Full Story »

  • EU classes Greek debt situation as 'very serious'

    AFP – Thu Dec 10, 9:46 am ET  
    A woman begs from shoppers on a central Athens street in 2008.... AFP/File

    BRUSSELS (AFP) - The financial crisis engulfing Greece is "very serious," requires "support" from fellow EU member states and will be discussed by leaders at a summit dinner in Brussels later Thursday, the bloc's Swedish presidency said. Full Story »

  • Feds target rating agencies' role in meltdown

    AP – Wed Dec 9, 7:54 pm ET  
    FILE - In this Nov. 17, 2009 file photo, Securities and Exchange... AP

    WASHINGTON - Enforcement officials from the Securities and Exchange Commission and Justice Department said Wednesday that their staffs are targeting the role of Wall Street rating agencies in the financial meltdown. Full Story »

  • Audit: Taxpayers lose $61B on AIG, auto bailouts

    AP – Wed Dec 9, 6:19 pm ET  
    US Treasury Secretary Timothy Geithner, seen here in October... AFP/File

    WASHINGTON - The Treasury Department is acknowledging for the first time that it lost $61 billion on two key programs designed to stabilize the economy after the largest financial crisis in decades. Full Story »

Pagination