Sen. Tom Coburn, R-OK on Monday - reacting to a 2 year warning on the nation's pristine credit rating - said Democrats and Republicans needed to reach a deal on cutting the nation's long-term deficits ahead of the November 2012 election, cautioning against waiting for the perfect political moment to tackle the problem.
IBT Staff Reporter
Apr 19, 2011
US stocks ended sharply lower on Monday after Standard & Poor’s (S&P) revised its rating outlook on the United States to negative.
Satya Nagendra Padala
Apr 19, 2011
This past Thursday, Moody's Investors Service downgraded China's property sector from stable to negative.
IBT Staff Reporter
Apr 18, 2011
Treasury Secretary Timothy Geithner's statements on Sunday that Congress will raise the U.S. debt ceiling in the coming months are in line with separate recently-proposed long-term plans by the Democratic and Republican leadership in Congress and the White House to increase the debt by trillions of dollars in the next decade.
IBT Staff Reporter
Apr 18, 2011
As the Libyan inferno continues to elicit China's muted response punctuated by its anti-NATO stand, it has, however, evoked multiple questions about its underlying motivation.
IBT Staff Reporter
Apr 18, 2011
The intense global interest in Canada's resource sector will drive the Canadian dollar even higher.
Hao Li
Apr 11, 2011
Gold and [platinum-group metals] were irrelevant, according to one Asian dealer, as The silver market went nuts, with swift buying pushing spot silver prices to a fresh 31-year high above $42 per ounce.
IBT Staff Reporter
Apr 11, 2011
Diego Iscaro, senior economist at IHS Global Insight , warns that the bailout will not solve Portugal’s economic woes.
Palash Ghosh
Apr 07, 2011
Seems you can't keep a safe haven down. Not when retained wealth worldwide needs to escape money-printing and zero rates at home. What options are left to anxious savers? What choice but the Euro is still open to the Swiss National Bank...?
IBT Staff Reporter
Apr 05, 2011
I have noticed that the vast majority of people protesting in the streets of these strife-torn countries in the Arab world appear to be well-fed, well-clothed, with many carrying cell phones, riding on motorbikes, driving cars, etc.
Palash Ghosh
Apr 05, 2011
The manufacturing slump in March confirms that Japan's economy contracted for a second successive quarter in the first three months of the year, and will mark outright decline in 2011, an analyst has said.
Jijo Jacob
Apr 05, 2011
Standard & Poor's Ratings Services said that it has downgraded its sovereign credit ratings on the Republic of Ireland to 'BBB+/A-2'.
Manikandan Raman
Apr 01, 2011
The UK economy contracted less than previously estimated in the fourth quarter last year, as services and manufacturing output was revised higher.
Shankar besta
Mar 29, 2011
Personal spending in the US rose more than expected in February while income increased less than expected, indicating that the average consumer is growing more confident about the economic recovery.
Shankar besta
Mar 28, 2011
US stocks are up on Friday, en route to end positive for the third consecutive session, as investors shrug off global concerns.
Hao Li
Mar 25, 2011
US stocks rallied on Friday on positive economic data and another good earnings report from the technology sector.
Hao Li
Mar 25, 2011
Futures on major U.S. stock indices continued to point to a higher opening on Friday after government data showed that US economic activity grew at a 3.1 percent annual rate in the fourth quarter.
Satya Nagendra Padala
Mar 25, 2011
The triple disaster in Japan and the ongoing turmoil in the Middle East and North Africa likely would have only a limited impact on the global economy - provided the twin shocks of higher oil prices and the supply chain disruptions from Japan do not get much worse, market research firm IHS said.
IBT Staff Reporter
Mar 25, 2011
At least four US airlines have reduced their capacity plans for 2011 largely due to the high oil price.
Manikandan Raman
Mar 24, 2011
Japan, which is grappling with the impact of March 11 earthquake and the resultant tsunami, may be pushed towards a recession, an expert told IBTimes.
IBT Staff Reporter
Mar 24, 2011
With the staging of the world's most important watch and jewelry show, Baselworld, in Switzerland starting today, many horology enthusiasts and analysts speculate a somber mood during the event, eliciting fears of declining sales for the Swiss watch industry.
Monami Thakur
Mar 24, 2011
The UK budget, which was unveiled on Wednesday, has revealed no significant changes to the deficit-reduction plans set out by the coalition Government just after last summer’s election, an analyst has commented.
Jijo Jacob
Mar 23, 2011