The global economic recovery had started losing momentum from mid-2010 and all the indicators point to weaker growth next year, said a report by United Nations (UN) on Wednesday.
World trade growth slowed in the third quarter of the year, according to the latest World Trade Organization (WTO) figures. An 18 percent rise in global merchandise trade annually in value terms was remarkably lower than the 26 percent increase registered in the second quarter.
Sen. Judd Gregg, R-NH, stated the obvious today regarding a plan to deal with the nation’s long-term fiscal well-being. He said, There are no easy fixes here.”
The full-text of the speech given by Fed Vice Chairman Janet L. Yellen at the Committee for Economic Development 2010 International Counterparts Conference in New York on Dec. 1, 2010
Unemployment insurance expired for approximately 800,000 out-of-work Americans yesterday, and two million more will lose their benefits at the end of the year, unless Congress takes action to extend the benefits.
The U.S. private sector employment saw the largest gain in three years in November, according to a report by ADP, but will not be sufficient to reduce the high unemployment rate plaguing the country.
Planned job cuts in the U.S rose sharply in November to reach an eight-month high, a nation-wide survey of employers revealed.
Despite the recent frenetic declarations by Prime Minister José Luis Rodríguez Zapatero that Spain does not need a bailout, the bond markets strongly disagree with him as traders continue to unload Spanish (as well as Portuguese and Italian) bonds, driving up the financing costs for the nation’s lenders to all-time highs.
The force of political will binding together a seemingly crumbling euro zone is still strong, but the imperatives of domestic economic realignments could force members to an exit option, analysts have said; and the road out of the bloc doesn’t exactly look daunting.
BP Oil Spill, FIFA World Cup, Lady Gaga, Justin Beiber, iPhone are among the top searches in 2010, according to the Yahoo's 'Year in Review' report which tallies hot searches on a variety of lists.
A Senate wrangle over soaring budget deficits on Tuesday stopped the passage of a crucial extension of unemployed benefits to millions of Americans experiencing the sting of the worst jobs crisis in three decades. The failure of the lame duck Congress to extend benefits will cut off sustenance payments to two million people in December, adding to the woes of home losses, bankruptcies and foreclosures, besides also setting back the economic recovery.
Here's a quick lowdown on the situation.
The American people did not vote for political gridlock in Washington, according to President Barack Obama who today met with Congressional leaders from both parties to discuss what they consider the main components of the national agenda.
After enjoying nearly two decades of an unprecedented economic prosperity at home, many Irish are now seeking to leave for greener pastures elsewhere as the nation finds itself on the brink of an economic collapse.
Unemployment in the euro area rose marginally in October for the first time in 6 months, according to a report by Eurostat, the statistical office of the European Union.
Eurozone annual inflation rate remained unchanged in November after inching closer to the European Central Bank's (ECB) target of 2 percent in October.
Japan's economic conditions continued to worsen as unemployment rate rose in October and industrial production fell for the fifth consecutive month.
Below the 30-mark, RSI on both day and 4-hour charts suggest the pair is in the oversold territory and any fundamental signal showing weakness for the greenback could push the pair up to 1.320-1.327 (R1) before marching ahead to 1.336 (R2), its 38.2 percent Fibonacci. Further up, 1.344 (R3) is seen as a strong resistance for the pair.
The Office for Budget Responsibility (OBR), an independent economic forecasting entity of the British government, raised its
UK GDP forecast for this year to 1.8 percent from the previous 1.2 percent estimate.
The eurozone’s economic sentiment rose to three-year high in November, despite concerns over the sovereign debt crisis in some countries in the region.
Performance of the US dollar, Europe's periphery issues, inflation in developing world, consumption by developed ones, and of late, tensions in Korean peninsula- a lot of things are weighing on oil. The net result in recent weeks was positive for the greenback and therefore negative for oil. Still, the commodity is set to end this week with a positive note despite losing more than a dollar from its intra-week high by Friday. So, what is the trend? Where is oil heading?
As the stock market focuses its gaze upon the holiday shopping season, two of the most prominent companies in the retail sector that may attract much attention are Wal-Mart Stores Inc. (NYSE: WMT) and Target Corp. (NYSE: TGT).
Germany's argument for a policy to make private investors pick up part of the bill for any future bailouts won support from France as more European countries seem to require financial aid.
