IBT Staff Reporter

101821-101850 (out of 154954)

Moody's: Greece must act on fiscal plans

Moody's Investors Service said on Thursday any changes in its ratings on Greece would depend on whether Athens was smoothly enacting its fiscal reform plans as promised.

EU says fragile European recovery under way

The European Union economy is recovering from the deepest and longest recession in its history, but growth is still fragile although risks in 2010 are broadly balanced, the European Commission said on Thursday.

RBS loss shrinks, calls bad debt peak

Royal Bank of Scotland posted the largest 2009 loss of its European peers but shrank from record-breaking levels, despite a sharp jump in bad debts which it says may now have peaked.

Futures lower after Greece downgrade fears

U.S. stock index futures fell on Thursday after rating agencies said they may downgrade Greece's sovereign debt, reigniting concerns over possible defaults in the euro zone that have dogged markets recently.

Greece downgrade fears hurt euro, stocks

World stocks, the euro and commodities fell on Thursday on concerns over a potential downgrade of Greece's debt, while borrowing costs for peripheral euro zone countries rose.

Euro, stocks drop on Greece debt rating fears

The euro tumbled to a one-year low against the yen on Thursday and Asian stocks fell on fears that a potential downgrade of Greece's debt rating will worsen Europe's outlook and imperil the global economic recovery.

Asia stocks rally falters after Bernanke

A tepid rally in Asian shares faltered early on Thursday and the dollar rose after Fed Chairman Ben Bernanke's reaffirmation of an extended period of low U.S. rates boosted risk-seeking but also raised some concerns about global growth.

Twenty years on, family income still determines educational success

While the Government's 'Education Revolution' aims to drive productivity, empower individuals and overcome adversity, the latest data from the Brotherhood of St Laurence's Life Chances Study indicates that reduced family income remains a major barrier to social inclusion in education.

Hunt is on for high performing companies

The Australian School of Business is leading research into why some companies outperform the rest of the pack. It's now hunting for firms to take part, and gain an insight into just why they are so good.

Senate seeks bank reform, Obama weighs in

Key senators pushed for a bipartisan agreement on a package of reforms to tighten rules for financial industry behavior as President Barack Obama on Wednesday blasted critics who call his policies socialism.

Grim outlook from Bernanke damps rate hike talk

U.S. Federal Reserve Chairman Ben Bernanke told Congress on Wednesday a weak job market and tame inflation warrant low interest rates for an extended period, curbing speculation the central bank was moving closer to raising borrowing costs.

Government eyes paying broadcasters for mobile spectrum

The top communications regulator offered to pay television broadcasters to give up their rights to airwaves worth an estimated $50 billion as it looks to overcome a looming scarcity of wireless spectrum for advanced mobile phone services.

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