FRANKFURT—German imports surged to a record high in November but retail sales slumped unexpectedly, indicating that while domestic demand is still gaining strength, the recovery in household demand remains fragile. Germany imported a record €75.1 billion ($97.74 billion) in total goods in November, up 4.1% from a month earlier and 33.3% from a year [...]
Stocks extended their winning streak to five days, adding to their New Year’s run as encouraging data from the labor market and service sector pointed to a firming economic recovery. Kristina Peterson wraps the day in the financial markets, including why stocks ended higher, how today’s [...]
LONDON—U.K. manufacturing expanded at its fastest rate in 16 years in December, adding weight to indications that the country’s economic recovery is picking up pace. But other figures also released Tuesday provided a more cautious view of economic prospects. The Bank of England said growth in the money supply accelerated only slightly in [...]
Reuters - Stocks racked up a fourth straight week of gains on Thursday, as investors expected optimism about the economic recovery to support equities through year-end.[Read more...]
Reuters - Leading OPEC producer Saudi Arabia said on Saturday it still favored a $70-$80 price range for oil, a restatement of a two-year-old policy that will be welcomed by consumer nations worried that rising oil prices may get out of control and hamper global economic recovery.[Read more...]
With US unemployment apparently stuck at the historically high rate of nearly 10pc, interest rates look unlikely to rise soon By Tom Stevenson, The Markets 12:24PM GMT 11 Dec 2010 Comments Emerging markets, [...]
SEOUL—President Barack Obama headed toward the close of the Group of 20 summit, weakened by an anemic economic recovery and an election drubbing that have left world leaders questioning U.S. authority. View Full Image Agence France-Presse/Getty Images President Obama gestured at the start of Thursday’s dinner at the National Museum of Korea [...]
Reuters - Stock index futures rose on Friday as investors took a worse-than-expected jobs report as a sign the Federal Reserve would take more action to spur an economic recovery.[Read more...]
WASHINGTON—Global growth will slow more sharply than expected in 2011 as advanced economies slash their budgets amid the continuing sovereign debt crisis, the International Monetary Fund said Wednesday. View Full Image Bloomberg News China and India are predicted to remain growth champions. Above, a worker welds a steel frame at the China [...]
U.S. stocks closed at their highest level in more than four months a day ahead of a Federal Reserve meeting, as encouraging financial and home builder earnings boosted confidence in the economic recovery. Adding to its three straight weeks of gains, the Dow Jones Industrial Average rose 145.77 points, or 1.4%, to 10753.6, [...]
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Czech statesman Vaclav Havel dies
Elated, last US troops leave Iraq, ending war
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Last US troops elated to leave Iraq as war ends
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Final U.S. Troops Leave Iraq
Last US troops leave Iraq as war ends
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Philippines steps up flood rescue
Senate OKs payroll tax cut, huge spending bill
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Cairo Protesters, Police Clash; 9 DeadPolice Clash With Cairo Protesters; 9 DeadClashes in Cairo Leave 8 Dead
Senate OKs $1T budget bill, payroll tax cut
(AP)Senate OKs short-term extension of payroll tax cut
(AP)