The Stock Market is a fragile world. The 9 percent slide in Chinese Stocks on Tuesday did send the stocks on Wall Street tumbling 3 percent, the lowest since the 9/11 terrorist attack in 2001. The big question emerging is - Is the party over?
Are...
Archive - February 2007
Ascending
Descending
Confidence among U.S. consumers dramatically shot up to the highest in more than five years this month, due to rising wages and an expanding job market. The Conference Board reported that the consumer confidence index rose to 112.5 in February from a...
Thailand's beleaguered finance minister, Pridiyathorn Devakula, all of a sudden resigned on Wednesday. The resignation deepened the continuing crisis to hit the military-installed government struggling to restore stability and confidence after the...
There can be some upward and revival trend in the U.S. housing sector as sales of existing homes in the country rose by 3 percent in January, the biggest one-month gain since the same month of 2005, says a report released by the National...
Stock markets across the globe plunged drastically in a wave of selling set off by a fall in China that was reinforced by uncertainties of weakening economies. The trend of falling prices originated in Asian market and it continued till the...
The U.S. economy is expected to be moving towards sustainable growth with GDP expected to grow at 2.8 percent in the current year. According to a survey of economists released recently, the risks of inflation are somewhat higher than those of an...
Bank of America, brushing aside fierce criticism, has categorically declared that it would not cancel its new credit card program targeted for individuals with no Social Security numbers or credit histories. Critics were crying hoarse arguing that...
Following a decade long dispute, the U.S. has decided to open its highways to Mexican cargo trucks. The recent move will definitely have decisive implications on the economics of the domestic trucking industry. However, domestic truck industry has...
Germany and France are preparing to hold a high level meeting to address how an overhaul of Airbus will affect jobs in their respective countries. German Chancellor Angela Merkel and French President Jacques Chirac are expected to jointly hold...
Rich nations are required to increase their funding to underdeveloped and poor countries if they are willing to achieve aid commitments they have set, says the body entrusted to monitor the figures. The Organisation for Economic Co-operation and...
The threat of inflation once again surfaced its head in U.S. markets the Labor Department reported that consumer prices increased by a greater-than-expected amount in January. However, it is still unlikely to create a change in interest rate...
The Bank of Japan expectedly raised its benchmark short-term interest rate by a quarter percentage point, to 0.50 percent. The decision has been taken on judging that an expanding economy required higher borrowing costs despite little sign of...
The US and European Union are inching closer to create an ambitious transatlantic trading zone, as diplomats have hinted that in the forthcoming summit in April a date for creation could be set. The basic idea of this initiative is to harmonize and...
European Union is considering promoting its business regulations internationally as it wants other jurisdiction to follow business norms set by the EU. A policy paper of European Commission calls on the EU to persuade other nations to adopt EU...
The European Commission has raised its prediction for economic growth in euro region for the current year and cut its prediction for inflation. Following a strong economic growth of 2.7 percent last year, EU has revised its earlier prediction...
Instablogs Club
Fresh Comments