Posts tagged with the keyword: ‘economy’

Britain hits back at ‘unacceptable’ French comments

Britain hits back at ‘unacceptable’ French comments

Britain hit back Friday at French criticism of its economy as deputy premier Nick Clegg told France’s prime minister the comments were “simply unacceptable”.[Read more...]

Market gains as data overshadows IMF warning (Reuters)

Market gains as data overshadows IMF warning 
    (Reuters)

Reuters - Stocks rose on Thursday as signs of strength in the economy and higher-than-expected profit at FedEx outweighed a stark warning from the IMF about inaction over Europe’s debt crisis.[Read more...]

Thomas Cook reports £520mn annual net loss

Thomas Cook reports £520mn annual net loss

Holiday firm Thomas Cook went off track and made an annual net loss of £520.7 million because of unrest in the Arab world and the weak economy, the firm said on Wednesday.[Read more...]

Euro, Europe stocks fall on lack of Fed action (Reuters)

Euro, Europe stocks fall on lack of Fed action 
    (Reuters)

Reuters - The euro hit an 11-month low against the dollar and stocks eased on Wednesday after the Federal Reserve warned Europe’s sovereign debt crisis could hurt the U.S. economy but failed to signal fresh action to stimulate growth.[Read more...]

Euro Hits 11-Month Low

Euro Hits 11-Month Low

The euro tumbled to its lowest level against the dollar in nearly a year Tuesday amid mounting concerns about Europe’s economy and doubts about the latest government efforts to contain the continent’s debt crisis. In the past two days the currency has dropped 2.6% to $1.3037, a level not seen since January. The euro [...]

Obama beseeches supporters to stick with him (AP)

Obama beseeches supporters to stick with him 
    (AP)

AP - Imploring supporters to stick with him, President Barack Obama acknowledged Tuesday that his re-election is not “a slam dunk” because of understandable public skepticism over the economy but said his campaign would put forward a vision aligned with the mood of the country.[Read more...]

For India’s Lowest Castes, Path Forward Is ‘Backward’

For India’s Lowest Castes, Path Forward Is ‘Backward’

HASNABAD, India—Decades ago, Siraj Gazi’s grandfather changed his last name of Chowduli to the higher-caste Gazi. He hoped it would erase the social stigma of his low-caste roots. Today, 23-year-old Mr. Gazi, a college graduate, is trying to prove that he is, in fact, a Chowduli—a surname so low, it is akin to a [...]

Bank of England keeps interest rates at record low

Bank of England keeps interest rates at record low

The Bank of England on Thursday held its key interest rate at a record low 0.50 percent, where it has stood for almost three years, amid ongoing turmoil for Britain’s economy and the eurozone.[Read more...]

ECB cuts rate, has no bigger bond-purchase plan (AP)

ECB cuts rate, has no bigger bond-purchase plan 
    (AP)

AP - The European Central Bank took modest steps Thursday to help revive Europe’s economy and financial system, including cutting a key interest rate. But President Mario Draghi said there is no existing plan for large-scale government bond purchases, as markets had been hoping.[Read more...]

Stock futures gain after jobless claims data (Reuters)

Stock futures gain after jobless claims data 
    (Reuters)

Reuters - Stock index futures rose on Thursday after weekly jobless claims fell more than expected, boosting confidence in the U.S. economy even as investors continued to fret over Europe’s debt crisis.[Read more...]

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