International Business News - Economy http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Britain's economy contracted unexpectedly in the third quarter of this year, squashing hopes of an end to the downturn and instead making the current recession the longest on record, official data showed Friday. http://www.ibtimes.com/data/articleimgs/222852-a-woman-looks-inshop-window-in-the.jpg http://www.ibtimes.com/articles/20091023/uk-economy-contracts-for-recordstraight-quarters.htm http://www.ibtimes.com/articles/20091023/uk-economy-contracts-for-recordstraight-quarters.htm Fri, 23 Oct 2009 04:56:03 EDT Signs of recovery are popping up in many corners of the U.S. economy, but the bosses of major airlines are still reaching for that rainbow. http://www.ibtimes.com/data/articleimgs/222816-the-delta-airline-logo-is-seen-onstrap.jpg http://www.ibtimes.com/articles/20091022/delta-us-airways-results-hampered-by-economy.htm http://www.ibtimes.com/articles/20091022/delta-us-airways-results-hampered-by-economy.htm Thu, 22 Oct 2009 14:48:02 EDT The leading economic nations of the world are caught between a rock and a hard place. The US Dollar is the reserve currency for the world. http://www.ibtimes.com/articles/20091015/view-from-pit.htm Thu, 15 Oct 2009 13:01:56 EDT There is a general consensus that the massive monetary easing, fiscal stimulus, and support of the financial system undertaken by governments and central banks around the world prevented the deep recession of 2008-2009 from devolving into Great Depression II. http://www.ibtimes.com/articles/20090925/finding-policy-exit.htm Fri, 25 Sep 2009 11:46:33 EDT Global oil demand will be almost 0.5 million barrels per day higher than previously forecast this year and next on stronger-than-expected fuel use in North America and Asia, the International Energy Agency said. http://www.ibtimes.com/articles/20090910/iea-sees-higher-global-oil-use-as-economy-steadies.htm Thu, 10 Sep 2009 07:40:01 EDT OPEC early on Thursday agreed to hold output targets steady after top exporter Saudi Arabia looked to economic strength to bolster the oil price and dismissed bulging inventories. http://www.ibtimes.com/articles/20090910/opec-holds-output-steady-looks-to-economy.htm Thu, 10 Sep 2009 07:08:01 EDT OPEC was set to keep output targets steady at a meeting late on Wednesday after top exporter Saudi Arabia looked to economic strength to bolster the oil price and dismissed bulging inventories. http://www.ibtimes.com/data/articleimgs/220075-a-woman-fills-her-car-with-fuel.jpg http://www.ibtimes.com/articles/20090909/opec-set-to-hold-steady-looks-to-economy.htm http://www.ibtimes.com/articles/20090909/opec-set-to-hold-steady-looks-to-economy.htm Wed, 09 Sep 2009 18:32:01 EDT Early signs of a manufacturing rebound, already strong in Asia, lend hope for some modest recovery from today's deep global recession. http://www.ibtimes.com/articles/20090731/banks-and-bailouts.htm Fri, 31 Jul 2009 12:51:21 EDT Home resales rose again in May, the first back-to-back monthly gain since September 2005 due to historically low mortgage rates and a first-time buyer tax credit, the National Association of Realtors reported on Tuesday. http://www.ibtimes.com/data/articleimgs/215636-housing.jpg http://www.ibtimes.com/articles/20090623/home-resales-may-again-due-low-rates-tax-credit-nar.htm http://www.ibtimes.com/articles/20090623/home-resales-may-again-due-low-rates-tax-credit-nar.htm Tue, 23 Jun 2009 15:42:12 EDT The economy shrank 6.1 percent in the first quarter of 2009, a higher than expected decline mainly due to sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years. http://www.ibtimes.com/articles/20090429/economys-shrinks.htm Wed, 29 Apr 2009 09:29:02 EDT G20 leaders have kickstarted stalling world trade with a substantial infusion of funds to finance export credits, but promises to agree a new Doha trade deal and battle protectionism remain vague. http://www.ibtimes.com/data/articleimgs/211593-g20.jpg http://www.ibtimes.com/articles/20090403/g20-kickstarts-trade-but-doha-deal-languishes.htm http://www.ibtimes.com/articles/20090403/g20-kickstarts-trade-but-doha-deal-languishes.htm Fri, 03 Apr 2009 09:58:56 EDT The Democratic-controlled U.S. Congress on Thursday approved budget blueprints embracing President Barack Obama's agenda but leaving many hard choices until later and a government deeply in the red. http://www.ibtimes.com/data/articleimgs/211584-barack-obama.jpg http://www.ibtimes.com/articles/20090403/congress-approves-budget-plans-long-road-ahead.htm http://www.ibtimes.com/articles/20090403/congress-approves-budget-plans-long-road-ahead.htm Fri, 03 Apr 2009 07:39:42 EDT Everyone now knows that we are in the worst economic crisis since the 1930's. The protectionist responses are sadly familiar: protests against foreign workers, demands for trade protection, and a financial nationalism that seeks to limit the flow of money across national frontiers. http://www.ibtimes.com/articles/20090316/harold-james-economy.htm Mon, 16 Mar 2009 10:05:04 EDT The economic downturn will be deeper than previously thought this year and the recovery will be muted, the British Chambers of Commerce said on Monday. http://www.ibtimes.com/articles/20090309/economy-shrink-unemployment-rise.htm Mon, 09 Mar 2009 02:42:53 EDT