Second Report » economy

Obama gets break from scandals to push jobs and economy in Baltimore

admin — Sat, 18 May 2013 03:39:02 +0000

After a week filled with controversy and criticism, President Barack Obama left town Friday for Baltimore, the second stop on his “Middle Class Jobs & Opportunity Tour.” The trip, which was previously scheduled, took him to a dredging manufacturer and an elementary school, with the next stop on the itinerary a community center. At Ellicott [...]
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Central banks saved world economy, now beware the fallout – IMF

admin — Fri, 17 May 2013 01:41:39 +0000

By Alister Bull WASHINGTON (Reuters) – Central banks got it right when they saved the world economy, but their unprecedented actions risk disruptive cross-border spillovers and potentially heavy losses when the time comes to reverse course, the IMF said on Thursday. In its most detailed survey so far of the dramatic measures taken to counter the damage from the 2007-2009 financial crisis, International Monetary Fund staff repeated earlier assessments that the steps had worked but face diminishing returns. …

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BoE’s King offers parting optimism on economy

admin — Wed, 15 May 2013 23:43:07 +0000

By David Milliken and Christina Fincher LONDON (Reuters) – Bank of England Governor Mervyn King offered some rare good news for Britain's economy on Wednesday when he presented his final set of economic forecasts before stepping down after more than 20 years at the bank. For the first time in years, the central bank predicted that growth would be faster and inflation lower than it expected three months earlier, though King still warned the recovery could not be taken for granted. …

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Euro zone economy shrinks in first-quarter, marks longest ever recession

admin — Wed, 15 May 2013 09:41:42 +0000

BRUSSELS (Reuters) – The euro zone’s economy contracted for the sixth straight quarter at the start of this year, data showed on Wednesday, marking its longest recession on records dating back to 1995. Falling output across the bloc, from France to Finland, meant the 17-nation economy shrunk 0.2 percent in the January to March period, the EU’s statistics office Eurostat said. That was slightly worse than the 0. …
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German economy returns to modest growth

admin — Wed, 15 May 2013 08:42:13 +0000

The German economy managed to avoid sinking into recession during an unusually cold first quarter, but only just, official figures showed Wednesday. Europe’s biggest economy grew by 0.1 percent in the …

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French economy falls into recession

admin — Wed, 15 May 2013 06:44:13 +0000

Official figures show France entered recession in the first quarter of the year after the economy shrank by 0.2%.
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Whatever Happened To The Economy?

admin — Tue, 14 May 2013 22:41:41 +0000

Jobs and the economy dominated political discussion during the election year, but have since been forgotten. Even before the current outbreak of scandals, it was clear Washington preferred to talk about other issues.
Economy

Italy banks do not need EU aid – economy minister

admin — Tue, 14 May 2013 16:42:01 +0000

BRUSSELS (Reuters) – Italian banks do not need a European Union bailout to boost their capital base, Economy Minister Fabrizio Saccomanni said on Tuesday. Saccomanni was asked by reporters to comment on a statement by former European Central Bank board member Lorenzo Bini Smaghi, who told Reuters on Monday Rome should ask for international financial aid to reform its lenders and its economy. “Italian banks do no need the ESM (European Stability Mechanism),” Saccomanni said. (Reporting By Francesco Guarascio, writing by)
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Economy hurts Deutsche Post DHL freight business

admin — Tue, 14 May 2013 08:42:26 +0000

FRANKFURT, Germany (AP) — Mail and freight company Deutsche Post DHL saw its profits dip in the first quarter as a tough global economy meant companies shipped fewer goods by air.
European Economy News Headlines – Yahoo! News

Firms more upbeat on economy, credit scheme helping – lobby

admin — Mon, 13 May 2013 04:41:45 +0000

LONDON (Reuters) – British companies have grown more optimistic about the economy in recent months as a recovery, increasingly aided by a central bank funding scheme, is gathering pace, a leading business lobby said on Monday. The Confederation of British Industry (CBI) said businesses' view of the future had shifted slightly, although it kept its forecasts for the country's economic growth unchanged from February at 1 percent in 2013 and 2 percent in 2014. …

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