The fundamental, and at times, passionate debate about sovereign debt is a predictable part of the sequencing of the financial crisis rumbling through the West. The crisis has exposed three major fault lines in our fiscal systems. First, it broke the banking system, the fixing of which has extracted a heavy cost. Second, it shocked [...]
Archive for the ‘Market Finance’ Category
Markets look for political leadership
March 3rd, 2010 by Financial Writer
Tags: banking system, borrowing, debt crisis, economic growth, financial crisis
more...Stocks rise following upbeat news overseas
March 2nd, 2010 by Financial Writer
Stocks rose Tuesday following gains globally overnight. Overseas markets rallied on upbeat economic reports in Asia and growing hopes European leaders will complete a bailout for debt-burdened Greece.
Japan’s unemployment rate dropped for the second straight month in January and household spending grew — hopeful signs for recovery in the world’s second-largest economy. Australia’s central bank [...]
Tags: european leaders, Federal Reserve, stocks rise, unemployment rate, us investors
EU tells Greece to do more on budget, markets improve
March 1st, 2010 by Financial Writer
The European Union urged Greece on Monday to announce new austerity measures within days to tackle a debt crisis that has shaken the euro zone and promised to help Athens overcome the problem.
EU Economic and Monetary Affairs Commissioner Olli Rehn made the call after a first round of talks with Greek officials amid growing market [...]
Tags: athens, debt crisis, eu economic, european union, greece, greek borrowing, greek debt
Greek PM says economic crisis confirmed worst fears
February 26th, 2010 by Financial Writer
Prime Minister George Papandreou on Friday vowed to ignore the political costs and take drastic measures to pull Greece out of a debt crisis threatening the stability of the euro zone.
Speaking to parliament after a visit by EU economic inspectors, Papandreou said Greece did not want other countries to pay for its debts but expected [...]
Tags: debt crisis, economic crisis, eu economic, euro zone, greek pm, greek stocks
Durable goods orders rise 3 percent in January
February 25th, 2010 by Financial Writer
Orders to U.S. factories for big-ticket manufactured goods shot up in January by the largest amount in six months, but the strength came from a surge in demand for commercial aircraft.
Demand for autos, machinery and a host of other products fell last month, indicating manufacturing is still facing hurdles that could slow the economic recovery.
The [...]
Tags: commerce department, commercial aircraft, domestic economy, economic recovery, manufactured goods
Poll: Economists see ‘healthy’ expansion under way
February 22nd, 2010 by Financial Writer
Economists expect the recovery to remain “firmly on track” over the next two years though job growth is likely to remain slow, according to a new survey.
The latest outlook from The National Association for Business Economics, set to be released Monday, sees regular job gains resuming this quarter but no drop in unemployment below 9 [...]
Tags: business economics, economists, federal debt, inflation, unemployment
Consumers spent at 2009 levels in January
February 18th, 2010 by Financial Writer
American consumers say they reduced their spending in January to levels similar to early 2009, when the U.S. economy was still in recession, according to a Gallup poll released on Thursday.
The findings, which contradict U.S. data suggesting spending strength in January, showed consumers in all income brackets and geographic regions spending less in January vs. [...]
Tags: consumers, financial markets, great depression, us economy, us retail sales
Deere profit beats Wall Street
February 17th, 2010 by Financial Writer
Deere & Co (DE.N) posted higher-than-expected earnings, sending its shares up more than 8 percent, as wider margins at its farm equipment and finance units helped it overcome weak economic conditions.
The company on Wednesday also raised its outlook for fiscal 2010 machinery sales growth to a range of 6 percent to 8 percent, from a [...]
Tags: business, deere, finance, financial services, wall street
U.S. Treasury: economy to keep growing in 2010
February 14th, 2010 by Financial Writer
The United States economy is expected to continue growing this year, although global recovery remains fragile, Deputy U.S. Treasury Secretary Neal Wolin said on Sunday.
Growth of the world’s biggest economy is expected to cool this year after a burst of activity late last year as challenges remain in bank lending and policy-making.
“We expect to see [...]
Tags: bank lending, banking committee, financial reform, global recovery, us economy
Stocks end mixed after China slows lending again
February 12th, 2010 by Financial Writer
A look at economic developments and activity in major stock markets around the world Friday:
FRANKFURT — With Greece overdrawn and no one eager to foot the bill, Europe’s messy debt crisis has exposed a fundamental weakness among the 16 countries that share the euro: different and often diametrically opposed approaches to spending don’t make for [...]
Tags: economic developments, major stock, money surging, real estate prices, stocks