From Economy 04:46 pm
Investors flocked to the security of safe-haven assets Friday, like U.S. Treasuries and cash dollar holdings, ahead of what is expected to be a volatile weekend in Athens, already rocked by riots and tense government negotiations.
From Economy 03:36 pm
The nation's two largest banks, UniCredit and Intesa Sanpaolo, had their credit ratings downgraded to BBB+ from A by S&P. The country's third largest bank, Banca Monte dei Paschi di Siena, was downgraded to BBB from BBB+.
From Economy 11:06 am
Consumers are feeling relatively upbeat about where the economy will be six months from now, but right now, after maxing out their credit card and perhaps purchasing a big-ticket item over the holidays, they're planning on sticking to a budget.
From Economy 08:56 am
The U.S. trade deficit widened in December to its highest level in six months as imports outpaced exports, government figures showed on Friday.
From Politics & Policy 12:46 pm
The International Energy Agency lowered its forecast for global oil demand for the sixth consecutive month because of the continuing weakness of the global economy, sending shares of crude oil down with it.
From Politics & Policy 01:43 pm
The head of the U.S. central bank, in his second public statement on housing policy in as many weeks, told an audience of residential builders Friday that creditors who own vacant homes should consider renting the properties as a way to stanch urban blight.
From Politics & Policy 11:19 am
Forty-nine states and five major banks reached a $26 billion mortgage settlement that will aid about two million homeowners, government officials announced Thursday.
From Economy 08:05 am
China's inflation unexpectedly rebounded in January mainly due to gains in food prices and a weeklong holiday. Though this does not change the broader downward trend in inflation and provides room for Beijing to stimulate its economy if the Euro area experiences a sharp recession. It does support economists' view that Beijing will not put in place aggressive stimulus packages as it aims for a smooth leadership transition this year.
From Politics & Policy 12:36 pm
U.S. GDP is projected to grow at an annual rate of 2.2 percent this quarter, lower than a previous estimate, according to a survey by the Philadelphia Federal Reserve, released on Friday.
From Economy
U.S. home prices are expected to continue to fall in S&P/Case-Shiller Housing Index data through November 2011, to be released on Tuesday, Jan. 31.
From Companies
Small business exporting can sound intimating, but with the right advice and research, business owners can make thoroughly informed decisions.
From Politics & Policy
Many policy mistakes by Western governments come from a misunderstanding of globalization, said Stephen D. King, chief economist of HSBC
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