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Portuguese Government’s Economic Record Blamed For Election Defeat
Jun. 6 | Portugal’s Socialist party have become the latest European government to be toppled at a general election as a result of the economic hardship seen around the world. After the Irish election earlier this year, and the British government last May,...
Consumer Pain Slows Down Job Growth
Jun. 5 | A disappointing jobs report was not what Wall Street expected on Friday. However, this is also somehow expected given how consumers are also suffering these days. The consumers are now feeling the effect of higher food prices and $4 gas with only little...
Slowdown Recorded In US Employment Growth
Jun. 5 | The employment recovery in the United States hit a period of slow growth in May, with the number of net new jobs coming in at just 54,000 over the course of the month. This total is marked against the forecast of 150,000 new jobs for May, and a recorded...
Moody’s Gives Low Rates to Greece
Jun. 2 | The comedy at the cost of the indebted Greece has an additional twist Wednesday. Moody’s ratings for Greece placed the country at 50-50 odds to be at a default largely due to the country’s difficult finances and the unstable European politics. The...
Indian Economic Growth Lower Than Expected In 2011 Q1
May. 31 | As one of the four emerging economic powers being watched closely by the rest of the world, India’s economic figures are awaited with bated breath by more than a few key economists. The latest figures to emerge will give those interested some food...
Investors Focus on Jobs
May. 31 | Jobs and the economy are considered as the focus of this week, whatever the investors might think about this. Many investors now look at the economic reports and the release of the government’s monthly report about jobs on Friday. According to CNNMoney’s...
Stocks Going for Modest Gains
May. 24 | US stocks seemed to be going for modest rebound Tuesday, after they recovered losses brought about by debt jitters triggered by last session’s global sell-off. The Dow Jones industrial average, Nasdaq and S&P 500 futures opened higher even before...
UK Banks Not Lending Enough, Says Study
May. 23 | In the aftermath of the bank bailout in the United Kingdom, there was a largely implicit suggestion that in return for being helped out by the government, banks would begin to lend more money to small and medium-sized businesses. This suggestion was formalised...
IMF Under Pressure To Select New Head
May. 19 | As shocking as the story of Dominique Strauss-Kahn’s arrest for attempted rape has been, the fallout from the incident looks as though it could go beyond his own situation. Today, from a prison cell on remand in New York, Strauss-Kahn stepped down...
