Stocks went flat on Monday as economic data in China and this week’s Federal Open Market Committee announcement gave investors reason to pause. China’s trade balance alarmingly plunged $31.5 billion in February as imports swamped exports leaving the largest deficit in at least a decade. The data cast has tainted the global economic growth prospects […]
Leading economies told Europe to put up extra money in order to fight against its debt crisis if it targets to generate more assistance from the rest of the world. Countries within the Euro zone pledged on Sunday at a Group 20 meeting of finance leaders to reconsider the strength of their bailout fund in […]
The People’s Bank of China (PBOC) reduced the amount of reserved cash banks must hold on Saturday, enhancing the lending capacity by an estimated 350-400 billion yuan ($55.6-$63.5 billion) with a purpose of starting credit creation as China faces a fifth quarter of slowing growth in a row. PBOC would like to ease policies to protect […]
Greek party flag bearers had a meeting on Wednesday to agree on a reform deal in exchange for a renewed EU/IMF rescue, after the annoying repeated delays which prompted warnings that the euro may disengage Athens. With the financial future of Greece and the wider euro zone at stake, Prime Minister Lucas Papademos’ strained efforts to […]
Credit cards and other lending businesses to British consumers had the sharpest drop in nearly two decades in December, which strengthen the expectations that Bank of England will soon bring in more cash assistance into the economy to prevent a further deep recession. A devastating decline in cash supply further added to conjectures that 75 […]
Euro zone finance ministers revealed on Saturday that they could not go ahead with an agreed deal with Greece to restructure debt until it guaranteed that it would implement reforms needed to secure a second financing package from the euro zone and the IMF. Euro zone ministers had expected to have a meeting on Monday […]
EU leaders will seal a pact regarding the permanent bailout fund for the European Union countries at a summit on Monday and are expected come up with an agreement regarding the budget allocation in the national legislation, alongside with its still unresolved conflicts in Greece which might affect the results of the discussions. The summit […]
It’s alarming to remember that the low prices of our iPhones and iPads and the super-high profit margins of Apple are only possible because our iPhones and iPads are made with labor practices that would be illegal in the United States. And it’s also disconcerting to realize that the folks who make our iPhones and […]
Thousands of Chinese workers protesting over compensation and job security at a Sanyo Electric Co Ltd plant clashed with police in southern Shenzhen, the latest outbreak of labor unrest in China’s manufacturing hub. About 4,000 workers protested over the weekend at the Sino-Japanese joint venture, the Chinese-language Oriental Daily reported. Sing Tao Daily and the […]
Global Economic Problems. Robert Zoellick, World Bank President, announced Wednesday the new economic and financial danger zone the world has entered and the United States, Japan and Europe had to wake up in order not to continue dragging the world economy down. Unless the United States, Japan and Europe face their responsibilities, the world will […]
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