23/09/2011 | Argentina

Economy grows 7.6% in July, Indec

The monthly economic activity index (EMAE) climbed 7.6 percent in July compared to the same month last year, according to the Indec national statistics bureau.

27/09/2011 | Argentina

De Mendiguren urges Argentines to ‘defend, preserve the gov't model’

The President of the Argentine Industrial Union (UIA), José de Mendiguren said it was necessary to “defend and preserve” the national government's current economic plan, which has achieved the “largest growth cycle” in the country’s history.

05/10/2011 | Argentina

'The international crisis is affecting Argentina,' De Mendiguren

The head of the Argentine Industrial Union (UIA), José Ignacio de Mendiguren, warned today that Argentina “is starting to be affected” by the global financial crisis, furthering that the country “is not protected” against the situation.

13/10/2011 | Argentina

'Austerity will be key in 2012,' Arlía says

Buenos Aires province Economy Minister Alejandro Arlia said that the district “is getting ready for a 2012 in which austerity will be evident,” while visiting Ambito de debate TV show, Arlía also predicted that the President Cristina Fernández de Kirchner’s administration will have" the strongest political power seen since Juan Domingo Perón."

14/10/2011 | Argentina

'Argentina has a margin to face the crisis'

By Liliana Franco and Pablo Jiménez.
The cooling of the Brazilian economy that is beginning to show a slight slowdown index is the main concern of Argentine businessmen, but according to former Economy Minister Miguel Peirano there is still no real effect in Argentina.

15/10/2011 | Argentina

Boudou suggests 'work and social inclusion' as possible growth policies

Economy Minister Amado Boudou highlighted today the importance that the G20 add “work and social inclusion” to their policies of growth, forming part of the strategy to escape the eurozone crisis.

31/10/2011 | Argentina

AFIP's new controls on dollar purchases start

Controls on the purchase of US dollars will start today, when the AFIP tax agency will be in charge of authorizing all such operations after the Foreign-Exchange Consultation Programme was established by the AFIP and announced late Friday night by Economy Minister Amado Boudou.

31/10/2011 | Argentina

CB states economy will grow 'near 9%' this year

The Central Bank foresees that the country’s economic growth will “be near 9 percent” in 2011, over the 8.3 percent estimated by the government, according to a quarterly report issued by CB Governor Mercedes Marcó del Pont.

25/10/2011 | Argentina

De Mendiguren rules out dual exchange rate scheme

President of the Argentine Industrial Union (UIA), José De Mendiguren, rejected this morning the possibility of implementing a dual exchange rate scheme, while also expressing that the Government should seek to better competiveness in the economy.

18/10/2011 | Argentina

Economy grows 8.6% in August, Indec

The monthly economic activity index (EMAE) climbed 8.6 percent in August, compared to the same month of 2010, Indec national statistics bureau reported.

17/11/2011 | Argentina

Capitanich highlights subordination of economy to politics

Chaco’s Governor Jorge Capitanich highlighted the “subordination of the economy to politics” while visiting Ámbito de Debate TV show, and added that the only one “who has a clue over the new cabinet is the President.”

18/11/2011 | Argentina

Economy grows 7.7% in September

Indec national statistics bureau reported that the economy grew 7.7 percent in September year on year. Earlier President Cristina Fernández de Kirchner stated that the nation’s economy had increased by 9 percent in the first nine months of the year.

29/11/2011 | Argentina

Boudou: ‘In 2012 we'll have autonomy in our decision-making process’

Economy Minister and Vice-President elect Amado Boudou, anticipated that "next year the Argentine economy will generate a sufficient commercial balance, and will be able to count on the necessary currencies to maintain a certain amount of freedom in the decision-making process."

02/12/2011 | Argentina

Further subsidy cuts include City neighbourhoods, government buildings

Economy Minister Amado Boudou and Planning Minister Julio De Vido announced further subsidy cuts on utility services will be implemented, following a subsidy cut scheme announced this month by the government on several sectors.

07/12/2011 | Argentina

Boudou bashes credit-rating agencies, 1990's liberal philosophy

Economy Minister and Vice-President-elect Amado Boudou once again charged against credit-rating agencies and accused them of being “a source and transmission of problems”, and questioned the liberal philosophy the country experienced during the decade of 1990, during a summit conference organized by the Economy Ministry and the World Bank.

24/01/2012 | Argentina

Fiscal surplus reaches $4.9 billion pesos in 2011

The fiscal surplus almost reached $5.000 billion pesos in 2011, when the country's economy grew 9.2 percent, according to the announcement made by Vice-President Amado Boudou in his last day as acting president.

14/03/2012 | Argentina

Wall Street retreats, as European stocks end high

The S&P 500 broke a five-day streak of gains as investors found little reason to extend a rally that took the benchmark index to four-year highs. Meanwhile, European stocks ended higher, with benchmarks closing at levels not seen since August.

26/03/2012 | Argentina

Economy grows 5.5% in January, Indec

The economy grew 5.5 percent in January compared to the volume registered in the same month last year, according to the Indec national statistics bureau.

24/04/2012 | Argentina

Greece's economy will contract more than 5% in 2012, central bank chief warns

Greece's central bank chief said economy will contract a deeper than expected 5 percent this year, and urged strict adherence to reform and fiscal adjustment commitments Greece has agreed with its euro zone partners.

22/12/2011 | Argentina

Economy grows 8.1% in October

The monthly economic activity index registered an 8.1 percent increase in October compared to the volume reported during same month last year.

20/04/2012 | Argentina

Economy grows 5.2% in February

The economy grew 5.2 percent in February year-on-year, and registered a slight drop due to the expansion rythm of the previous month, the Indec national statistics bureau reported.

06/06/2012 | Argentina

'My dollar fixed-term bank deposit will be pesified,' CFK

President Cristina Fernández de Kirchner today insisted on the need of saving in pesos instead of dollars and announced that she would "pesify" her dollar fixed-term bank deposit.

14/06/2012 | Argentina

'The economy is in a recession,' Viglione

Economist Abel Viglione assured that the Argentine economy is in a recession as the visited Ambito Debate tv show, which airs on cable news network C5N.

15/06/2012 | Argentina

CFK stresses Argentina’s economic stability, promising future’ during lunch with executives in NY

“Argentina has a promising future,” President Cristina Fernandez de Kirchner told US executives during a lunch today at the Council of the Americas in New York.

15/06/2012 | Argentina

Economy grows 0.6% in April, Indec

The economy grew 0.6 percent in April compared to the volume reported in the same month last year, according to the Indec national statistics bureau.

28/06/2012 | Argentina

CFK met with De Vido and Kicillof before heading to Mendoza

President Cristina Fernández de Kirchner met today with Planning Minister Julio De Vido and the Deputy Minister of Economy before heading to Mendoza to take part in the Mercosur summit.

16/05/2012 | Argentina

Ferreres: Economy grows 0.6% in April

Argentina's Gross Domestic Product increased 0.6 in April year-on-year, according to the Activity General Index (IGA-OJF) elaborated by the private agency Orlando J. Ferreres & Asociados.

18/05/2012 | Argentina

Economy grows 4% in March, Indec

The economy grew 4 percent in March according to the Indec national statistics bureau. The Economic Activity Monthly Estimator (EMAE) accumulated a 4.8 percent increase in the first quarter of the year.

09/07/2012 | Argentina

'It's clear that the economy has dropped'

The head of the Argentine Industrial Union, José Ignacio de Mendiguren, admitted that "it's clear that the activity level has dropped," and warned that "the construction-related sectors are delying new projects."

20/07/2012 | Argentina

Economy drops 0.5% in May, Indec

The economy dropped 0.5 percent in May in comparison to the volume registered during the same month of 2011, Indec national statistics bureau reported.

03/08/2012 | Argentina

Gov't makes final payment of Boden 2012

The Government today made its final $2.2 billion payment on bonds issued to savers whose dollar- denominated bank accounts were frozen by the Government a decade ago.

17/08/2012 | Argentina

Economy remains stagnant in June, Indec

The economy remained flat in June compared to the volume registered in June 2011, according to the Indec national statistics bureau.

17/09/2012 | Argentina

Moody's downgrades Argentina's outlook

Moody's Investor Service agency has downgraded Argentina's outlook from stable to negative, stating that it was due to risky economic policies along with the lack of confidence in official statistics.

21/09/2012 | Argentina

Economy remains stagnant in second quarter, Indec

The economy remained flat in the second quarter of the year compared to the same time period of 2011, Indec national statistics bureau reported.

28/09/2012 | Argentina

Economy grows 2.7% in July, Indec

The economy registered a 2.7 percent increase in July compared to the volume reported during the same month last year, according to the Indec national statistics bureau.

16/10/2012 | Argentina

'Argentina's transformation has yet to be completed,' Kicillof

Deputy Economy Minister Axel Kicillof was the key speaker in the 2013 Budget bill debate taking place in a special committe session in the Senate today. The bill was recently approved by lawmakers in the Lower House of Congress.

19/10/2012 | Argentina

Economy grows 1.4% in August, Indec

Economic activity increased 1.4 percent in August in comparison to the volume registered during the same month of 2011, according to the Indec national statistics bureau.

16/11/2012 | Argentina

Lorenzino praises France's banking reform

Economy Minister Hernán Lorenzino came on stage today to refer to France's banking reform which will ban high-frequency trading (HFT).

16/11/2012 | Argentina

Economy slightly grows in September

18/11/2012 | Argentina

'Argentina not going into default,' says Lorenzino

Economy Minister Hernán Lorenzino said that "the only possibility" contemplated on regards Argentina's debt is "to meet all payments” of creditors that entered debt swaps after the 2001 default and said the country "cannot and will not enter in default."

21/12/2012 | Argentina

Economy slightly grows in third quarter

Economy grew slightly in the third quarter, as the Gross Domestic Product (GDP) increased 0.7 percent when compared to the same time period of 2011, Indec national statistics bureau reported.

28/12/2012 | Argentina

Economy grows 3% in October, Indec

The economy increased 3 percent in October against the volume registered during the same month last year, the Government reported today.

08/10/2012 | Argentina

Lorenzino blasts credit rating agencies

Economy Minister Hernán Lorenzino questioned the "credit rating agencies' behaviour" and the tendentious use of their analysis to develop "self fulfilling prophecies."

18/01/2013 | Argentina

INDEC: Economy grows 1.8% in November

The economy grew 1.8 percent in November compared to the volume registered during the same month in 2011, according to the Indec national statistics bureau.

28/01/2013 | Argentina

Unemployment rate hits 6.9% in 2012 last quarter

President Cristina Fernández de Kirchner announced that the unemployment rate has dropped in the last quarter of 2012 to 6.9 percent, 0.7 points lower than the level registered in the previous quarter, and that the economy has grown 1.8 percent, "despite the severe international crisis."

17/12/2010 | Argentina

Economy grows 8.6% in third trimester, Indec

The Indec national statistics bureau reported the Gross Domestic Product climbed 8.6 percent in the third trimester compared to the same period last year. Argentina's economy soars 9.1 percent in the first nine months of the year, Indec added.

22/12/2010 | Argentina

Economy grows 7.2% in October

The monthly economic activity index (EMAE) increased 7.2 percent in October compared to the same month last year, according to the Indec national statistics bureau.

21/01/2011 | Argentina

Economy grows 9.8% in November, Indec

Government's monthly EMAE economic activity index rose 9.8 percent in November compared to the same month in 2009, according to the Indec national statistics bureau.

28/01/2011 | Argentina

Boudou praises UIA's statement, expects mounting investments

Economy Minister Amado Boudou praised a statement released by the Argentine Industrial Union (UIA) saying "UIA's stance proves investors perceive an important level of economic certainty."

03/02/2011 | Argentina

Gov’t expands accusations over Papel Prensa irregularities

Economy Minister Amado Boudou presented a report conducted by the Sigen state controller agency, in which several administrative irregularities inside the Papel Prensa plant are pointed out.

05/02/2011 | Argentina

New York Times warns about Argentina’s inflation

The article of the New York headed “Inflation, an old scourge, plagues Argentina again” states the harsh current situation of the country’s economy.

14/03/2011 | Argentina

'Economy is far from hitting bumps in the road to the elections,' Boudou

Economy Minister Amado Boudou assured that despite this being an election year, the economy is “far from hitting bumps in the road due to the elections like it used to happen before,” when the dollar exchange rate would soar and productivity came to a halt.

18/03/2011 | Argentina

Boudou praises import-substitution strategy

Economy Minister Amado Boudou commented on the agreement made between German car maker Volkswagen and the Government yesterday to reduce their trade deficit, saying “it shows the success of import substitution, creating added value and more jobs for Argentina.”

18/03/2011 | Argentina

GDP grows 9.2% in last quarter of 2010

Argentina’s economy grew 9.2 percent during the last quarter of 2010 compared to the volume registered during the same period in 2009, according to an official report.

25/03/2011 | Argentina

Boudou attends IDB Annual Meeting in Canada

Finance Minister Amado Boudou attended the first day of the 52nd Inter-American Development Bank (IDB) Annual Meeting in Calgary (Canada). The Argentine official will seek to reopen some loan lines to be allocated to Argentina by the financial institution, official sources reported.

28/03/2011 | Argentina

Economy grows 9.5% in January

The INDEC National Statistics Bureau reported the government's monthly EMAE economic activity index rose 9.5 percent in January compared to the same month in 2009.

11/04/2011 | Argentina

IMF: Argentina set for stronger-than-expected rebound

Strong demand in Brazil and Latin America have created the conditions for a stronger-than-expected economic rebound in Argentina, an International Monetary Fund official said.

11/04/2011 | Argentina

'Boudou goes 'mano-a-mano' with Twitter users; blasts opposition

Economy Minister Amado Boudou met with many of his Twitter followers in a special Q&A event named “Boudou 2.0,” in the city neighbourhood of San Telmo.

18/04/2011 | Argentina

Economy grows 8.1% in February, Indec reports

The economy grew 8.7 percent in February, according to the Indec National Statistics Bureau, in comparison to the volume registered in February 2010. In comparison to January, the economy grew 0.4 percent.

01/06/2011 | Argentina

'Argentine economy shows higher figures than any European country,' De Mendiguren says

José Ignacio De Mendiguren, head of the UIA Argentine Industrial Union, mentioned that the Argentine economy is better “than any European country,” and assured that in Europe “they see our economy as a growing market.”

15/06/2011 | Argentina

CFK announces economy grew 9.9% in first quarter

President Cristina Fernández de Kirchner announced that the economy grew 9.9 percent in the first quarter of the year compared to the volume reported in the same period last year.

17/06/2011 | Argentina

Economy grows 9.9% in first quarter, Indec

According to the Indec national statistics bureau, the country’s Gross Domestic Product (GDP) climbed 9.9 percent compared to the volume reported in the same period last year.

23/06/2011 | Argentina

Trade surplus plunges 12.8% in May

The trade surplus dropped 12.8 percent compared to the same month in 2010 and reached 1.68 billion dollars, according to the Indec national statistics bureau.

24/06/2011 | Argentina

Economy grows 9.1% in the first quarter

Economy grew 9.1 percent in the first quarter of the year compared to the volume reported in the same period in 2010, the Indec national statistics bureau announced.

18/07/2011 | Argentina

Economy grows 8.1% in May, Indec reports

Economy grew 8.1 percent in May, according to Indec national statistics bureau, in comparison to the same volume registered in May 2010.

20/05/2011 | Argentina

Economy grows 7.8% in March, Indec report shows

Indec statistics bureau reported the Argentine economy grew 7.8 percent in March against the same month of 2010, and advanced 0.5 percent compared to the previous month.

04/08/2011 | Argentina

'Argentina is prepared to face impact of US economy crisis,' Boudou

Economy Minister Amado Boudou, recognized that the Government is “observing the financial crisis” currently affecting the United States, “with concern,” however also reaffirming that Argentina is “prepared” to face an impact of the crisis to the domestic market.

01/09/2011 | Argentina

'Gov't wishes to reduce unemployment to 5%,' Feletti

Deputy Minister of Economy, Roberto Feletti spoke on employment levels today and stated that the idea of the government is to “reduce the level of unemployment to 5%.”

19/08/2011 | Argentina

Economy grows 8.2% in June

The monthly economic activity index (EMAE) grew 8.2 percent in June compared to the same month last year, according to the Indec national statistics bureau.

20/08/2011 | Argentina

There will be 'no brusque changes' regarding the peso's value, Boudou

Economy Minister Amado Boudou rejected the possibility that Argentina launches a brusque devaluation to make its exports more competitive, in a scenario in which Brazil is considering devaluating it’s currency for the same reason.

25/08/2011 | Argentina

Marcó del Pont assures ‘banking system is in its best historical levels’

Central Bank’s Governor (BCRA) Mercedes Marcó del Pont assured that the Argentine banking system “is in its best historical levels of liquidity, solvency and sluggishness indexes,” referring to Moody’s report.

12/09/2011 | Argentina

S&P maintains Argentina’s rating

Standard & Poor’s reported that Argentina’s rating remains as “B” (global scale, local and foreign currency) and “raAA” (national scale for Argentina). It also announced that the trend of the rating is stable, and maintained the rating of transference and convertibility of the country in “B.”

26/08/2011 | Argentina

Boudou blasts Moody's

Economy Minister and Victory Front’s Vice-President candidate Amado Boudou, questioned Moody’s Investor Services by stating that “rating agencies are in the centre of the global economy problems.”

16/09/2011 | Argentina

GDP grows 9.1% in second quarter, Indec

The Gross Domestic Product (GDP) climbed 9.1 percent in the second quarter year-on-year, and 2.5 percent against the period from January to March, according to the Indec national statistics bureau.

19/09/2011 | World

International lenders say Greece must shrink state to avoid default

International lenders told Greece it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.

21/09/2011 | World

Fed ramps up aid to economy with $400 billion 'twist'

The Federal Reserve dialed up its aid to the beleaguered US economy, launching an effort to put more downward pressure on long-term interest rates over time and help the battered housing sector.

01/09/2011 | World

US has 'enormous' debt problem: ECB's Stark

A debt crisis is still gripping the developed world, European Central Bank policymaker Juergen Stark said, adding there was no alternative but for countries to take painful steps to consolidate their public finances.

13/09/2011 | World

US Congress budget agency lowers economic outlook

The US economy will grow slower than anticipated and joblessness will stay high as the fallout of the deepest recession since the Great Depression takes its toll, the Congressional Budget Office said today.

15/09/2011 | World

US jobless claims post surprise increase last week

The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labor market, data showed.

16/09/2011 | World

Global stocks rally on Europe hope, euro slips

Global equities rose for a fourth straight day, but the euro slid as hope Europe was finally getting a grip on the region's debt crisis was offset by lingering fears Greece is still at risk of default.

16/09/2011 | World

Lagarde warns recovery options narrowing

Options for a sustainable economic recovery are narrowing, Christine Lagarde, Managing Director of The International Monetary Fund, said in an opinion piece for a German newspaper.

26/08/2011 | World

Bernanke: Fed prepared to use tools to spur growth

Federal Reserve Chairman Ben Bernanke stopped short of signaling further action to boost growth, but said it was critical for the economy's health to reduce long-term joblessness.

22/08/2011 | World

Moody's says Greek collateral deals are negative for rating

A series of agreements forcing Greece to provide collateral in return for aid from foreign governments would be negative for the credit ratings of Greece and other troubled euro zone states, Moody's ratings agency said.

02/09/2011 | World

US job growth grinds to a halt in August

US employment growth ground to a halt in August as sagging consumer confidence discouraged already skittish US businesses from hiring, keeping pressure on the Federal Reserve to provide more monetary stimulus to aid the economy.

02/09/2011 | World

NYT editorial recommends Obama to look to Argentina 'for inspiration'

An opinion editorial of the US newspaper The New York Times titled “Argentina’s turnaround tango” stated that President Barack Obama and the US Congress should look to Argentina “for inspiration” in economic policies issues. Nevertheless, the article also warned about the corruption and “government opacity“ of the Latin American country.

05/09/2011 | World

Obama previews jobs speech, challenges Republicans

US President Barack Obama previewed proposals for new infrastructure spending and an extension of payroll tax cuts as part of a major jobs package he will unveil this week, and challenged Republicans to find common ground with him.

06/09/2011 | World

World Bank's Zoellick says double-dip recession unlikely

"I don't believe that the United States or the world will go into a double-dip but there's high degrees of uncertainty," Zoellick told reporters in Singapore.

07/09/2011 | World

Fed: Many regions saw mixed or slower growth

The sluggish recovery failed to gain any speed in recent weeks and softened in some areas of the nation, the Federal Reserve said today.

08/09/2011 | World

OECD says growth outlook worsens, urges G20 response

The outlook for economic growth in developed countries has got much worse in the last three months, the OECD said today, urging leaders of G7 and G20 countries to send strong signals to restore flagging confidence.

08/09/2011 | World

Bernanke: Fed to help restore strong growth

Federal Reserve Chairman Ben Bernanke said the US central bank would spare no effort to boost disappointingly weak growth and lower unemployment, and he downplayed concerns about inflation.

09/09/2011 | World

Lagarde: 'Policymakers should take more action to support recovery'

Policymakers in advanced economies should use all available tools to boost growth, International Monetary Fund Managing Director Christine Lagarde said today, calling for bold action to weather a "dangerous new phase" of recovery.

09/09/2011 | World

US demands action from Europe's strongest at G7

The United States pressed Europe's strongest economies today to give "unequivocal" financial support to weaker euro zone states to overcome a debt crisis that threatens the world economy.

12/09/2011 | World

Central bankers see no global recession

Economic growth is slowing but there is no sign of a worldwide recession, according to global central bankers who said they had no plans for concerted action.

05/08/2011 | World

US July payrolls rise may soothe recession fears

US job growth accelerated more than expected in July as private employers stepped up hiring, a development that could ease fears the economy was sliding into a fresh recession.

05/08/2011 | World

White House: 'We still have a long way to go'

It is encouraging that US job growth accelerated more than expected in July, but the country still has a long way to go to recovery, a top White House adviser said.

10/08/2011 | World

Obama, Bernanke discuss economy recovery

President Barack Obama met with Federal Reserve Chairman Ben Bernanke and discussed the "perspectives to recover the economy," a day after the Fed announced it would keep rates near zero for two years.

11/08/2011 | World

US jobless claims fall to 4-month low

New US claims for unemployment benefits dropped to a four-month low last week, government data showed today, a rare dose of good news for an economy that has been battered by a credit rating downgrade and falling share prices.

12/08/2011 | World

French economy stagnates in second quarter

French economic growth ground to a halt as household spending shrank in the second quarter, raising pressure on the government to announce cutbacks to convince turbulent markets it will deliver on debt reduction targets.

12/08/2011 | World

Greek recession slows in Q2 but austerity hurting

Greece's severe recession slowed in the second quarter, data showed today, but economists said recessionary pressures would worsen in the second half as new austerity measures bite, jeopardising Athens' ability to meet EU/IMF fiscal targets.

12/08/2011 | World

Firm US retail sales tamp recession worries

US retail sales in July posted their biggest gain since March, tempering fears that the world's largest economy might be slipping back into recession.

13/08/2011 | World

'Governments failed to anticipate the crisis,' UK Economics professor says

The BuenosAiresHerald.com spoke with economics professor Dr Renatas Kizys, who currently teaches Economics at the University of Portsmouth in the UK, to get an expert outlook on the current global economic market.

19/08/2011 | World

Gold hits new record as equities fall

Gold jumped to a record high and global equity markets extended a sharp sell-off as fears of a global recession and a funding crunch for regional banks in Europe intensified.

19/08/2011 | World

Fed: It will take years to lower unemployment

The economy is growing so slowly that it will take years to wrench lofty unemployment rates back to normal levels, Cleveland Federal Reserve Bank President Sandra Pianalto said.

25/05/2011 | World

OECD sees growth firm, but risks abounding

Global economic recovery is on track, helped by a stronger United States, but threats ranging from high oil prices to European sovereign debt crises could yet combine to create a bout of stagflation, the OECD said.

01/08/2011 | World

US factory growth slows, casts shadow on economy

US manufacturing grew at its slowest pace in two years in July as new orders contracted, a troubling development for the faltering economy.

02/08/2011 | World

US June consumer spending in first fall in nearly 2 years

US consumer spending unexpectedly fell in June to post the first decline in nearly two years as incomes barely rose, a government report showed, suggesting economic growth could remain subdued in the third quarter.

02/08/2011 | World

Obama says more needed to boost US economy

President Barack Obama said a just-passed bill to raise the US debt ceiling and cut spending was a first step toward ensuring the United States lives within its means but that more was needed to rebuild the world's largest economy.

21/07/2011 | World

Statement by the Heads of State or government of the Euro area and EU Institutions

Statement issued by euro zone leaders after an emergency summit of the 17-nation currency area.

25/07/2011 | World

IMF calls for US debt rise, warns of global economic repercussions

The International Monetary Fund urged the United States to swiftly raise the debt ceiling to ward off risks of a credit downgrade that could damage the global economy.

26/07/2011 | World

IMF chief urges US to resolve debt spat immediately

IMF chief Christine Lagarde urged the United States to quickly resolve a political stalemate over raising the debt ceiling, warning that failure to reach an agreement would have serious consequences for the world economy.

29/07/2011 | World

US: weak growth raises concerns on economy

The US economy came perilously close to flat-lining in the first quarter and grew at a meager 1.3 percent annual rate in the April-June period as consumer spending barely rose.

29/06/2011 | World

IMF says US should hike debt limit to avert global shock

In an annual review of US economic conditions, the IMF said the key challenge the country faces is finding a way to stabilize its debts by mid-decade without derailing growth, which is likely to remain modest for some time.

04/07/2011 | World

S&P warning adds default threat to Greece's bailout

Greece would likely be in default if it follows a debt rollover plan pushed by French banks, S&P warned, deepening the pain of a bailout that one European official said will cost Athens sovereignty and jobs.

06/07/2011 | World

Lagarde pledges to push on with IMF reforms, says economy 'on the rebound'

New International Monetary Fund Managing Director Christine Lagarde pledged to push ahead with reforms to give fast-growing emerging markets greater sway at the global lender. At a news conference on her second day on the job, she added that the global economy was rebounding from the 2007-2009 financial crisis but unevenly.

08/07/2011 | World

Obama: 'Debt limit fight fuels business uncertainty'

President Barack Obama, speaking after the release of a gloomy US jobs report for June, cited the debt limit dispute, along with the crisis in Greece, as among factors making companies more hesitant to hire and invest.

11/07/2011 | World

OECD: Major economies heading for slowdown

The world's leading economies are headed for a slowdown, the OECD said in its latest monthly economic overview, highlighting signs the US economy is reaching a turning point in its growth cycle.

14/07/2011 | World

Bernanke: deep spending cuts could derail recovery

Federal Reserve Chairman Ben Bernanke warned Congress that overzealous cuts to government spending could derail an already fragile recovery and said a US debt default could wreak financial havoc.

03/06/2011 | World

White House says jobless rate 'unacceptably high'

The White House said the US unemployment rate was unacceptably high while trying to put a brave face on a report that showed employers hired far fewer workers than expected in May.

06/06/2011 | World

IMF backs UK policy but warns of growth risks

The International Monetary Fund backed the British government's plans to reduce the budget deficit, but said tax cuts or more quantitative easing may be needed if growth proves persistently weak.

07/06/2011 | World

Obama's rating on economy hits new low

US citizens' disapproval of how President Barack Obama is handling the economy and its growing budget deficit has reached new highs amid broad frustration over the slow pace of economic recovery, according to a Washington Post-ABC New poll released on today.

08/06/2011 | World

IMF: US slowdown likely temporary

The Federal Reserve does not need to consider additional monetary policy stimulus as the world's largest economy is likely to pick up in coming quarters due to growth in exports and disposable incomes, IMF acting chief John Lipsky said.

29/04/2011 | World

Half of Americans hopeful about financial future

Half of Americans are hopeful about their future despite a gloomy outlook for the economy, according to a new survey. The poll of about 2,000 adults showed that although only 16 percent of Americans consider themselves well off.

29/04/2011 | World

Bernanke says US economy needs more time to heal

The US economy is not fully recovered from its deep recession, with housing still weighing on growth, Federal Reserve Chairman Ben Bernanke said in a speech spelling out ways the US central bank has studied lower income communities.

20/05/2011 | World

Europeans race to nominate Strauss-Kahn successor

European leaders raced today to nominate a successor for fallen IMF chief Dominique Strauss-Kahn before a G8 summit in France next week, with French Economy Minister Christine Lagarde in pole position.

14/04/2011 | World

BRICS demand global monetary shake-up, greater influence

The BRICS group of emerging-market powers kept up the pressure for a revamped global monetary system that relies less on the dollar and for a louder voice in international financial institutions.

07/04/2011 | World

ECB raises interest rates to 1.25%

The European Central Bank raised interest rates by 25 basis points to 1.25 percent, announcing its first hike since July 2008 to counter firming inflation pressures in the 17-countryeuro zone.

25/03/2011 | World

US fourth quarter profits increase 3.3%

The US economy grew more quickly than previously estimated in the fourth quarter as businesses maintained fairly solid spending and restocked shelves to meet rising demand, while corporate profits increased 3.3 percent, a government report showed.

15/03/2011 | World

Fed maintains rates, says economy steadier

The US Federal Reserve maintained its ultra-loose monetary policy, saying the economy was gaining traction while flagging potential inflation risks from costlier energy and food.

17/03/2011 | World

US to help Ireland with economic woes

US President Barack Obama said he had discussed with Irish Prime Minister Enda Kenny how Ireland will bounce back from economic turmoil.

09/02/2011 | World

Obama's ratings inch up, according to poll

US President Barack Obama's approval ratings inched up again this month as Americans grew slightly more optimistic about the economy and the future, according to a Reuters/Ipsos poll.

09/02/2011 | World

Bernanke says job growth, inflation still too low

In testimony to the US House of Representatives' Budget Committee that largely echoed a speech he delivered last week, Bernanke also warned about the dangers of unsustainable budget deficits.

17/02/2011 | World

IMF warns of growing risks, would welcome weaker dollar

The International Monetary Fund will warn G20 finance ministers this weekend of growing risks to the world economy from surging food prices and public finances while also advocating a somewhat weaker dollar.

01/03/2011 | World

Bernanke: oil prices could lead to weaker growth, higher inflation

Offering no hint that he was considering cutting short the Fed's $600 billion stimulus, Bernanke told the Senate Banking Committee he saw increasing evidence that the US economic recovery was becoming self-supporting. At the same time, he warned job growth remains far too anemic.

05/03/2011 | World

President Obama denounces political spending cuts

President Barack Obama said that spending cuts to narrow the US budget deficit must not be politically motivated or threaten the economy as it climbs out of recession.

05/03/2011 | World

China admits inflation leads to social unrest

China is on course for another five years of robust growth, but inflation threatens social stability and must be tamed, Premier Wen Jiabao said.

09/03/2011 | World

Chip sector losses hit Nasdaq; IBM supports Dow

A weak outlook from Texas Instruments weighed on the Nasdaq and pushed an index of chip makers below a key technical level in a worrisome sign for the market's six-month uptrend.

01/02/2011 | World

Joblessness, rising prices could spark war within nations: IMF chief

The world economy is beset by problems such as high unemployment and rising prices which could fuel trade protectionism and even lead to war within nations, the head of the International Monetary Fund warned.

03/02/2011 | World

Bernanke says growth, inflation still missing Fed goals

The US economic recovery still needs help from the Federal Reserve despite signs of improvement, the central bank's chairman Ben Bernanke said.

28/12/2010 | World

US consumer confidence unexpectedly falls in December

Consumer confidence unexpectedly deteriorated in December, hurt by increasing worries about the jobs market, according to a private report released today.

04/01/2011 | World

Stock index futures inch up

Stock index futures pointed to a slightly higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.08 percent, Dow Jones futures up 0.09 percent and Nasdaq 100 futures up 0.02 percent at 0921 GMT.

07/01/2011 | World

US payrolls rise 103,000 in December, jobless rate falls

The US economy created far fewer jobs that expected in December, suggesting the Federal Reserve will complete its asset buying program, but the unemployment rate dropped to its lowest in more than 1-1/2 years.

22/12/2010 | World

US third-quarter growth revised up to 2.6%

Economic growth was a touch higher than previously estimated in the third quarter, but below expectations as a rise in the pace of inventory accumulation was offset by downward revisions to consumer spending, a government report showed.

25/01/2013 | World

Britain's economy shrinks more than expected

Britain's economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London Olympics pushing it perilously close to a "triple-dip" recession.

01/02/2013 | World

US jobs data point to steady economic growth

US Employment grew modestly in January and factory activity touched a nine-month high, supporting views the economy's mild recovery remained on track.

07/02/2013 | World

ECB holds rates at 0.75%

07/02/2013 | World

ECB says will monitor impact of euro strength

The European Central Bank will monitor the economic impact of a strengthening euro, ECB President Mario Draghi said today, feeding expectations the climbing currency could open the door to an interest rate cut.

18/01/2013 | World

US Fed missed warning signs in 2007 as crisis gathered steam

Top policymakers at the US Federal Reserve felt for most of 2007 that problems in housing and banking were isolated and unlikely to tear down the economy as they ultimately did.

11/10/2012 | World

IMF urges Europe to put brake on deep budget cuts

The IMF today backed giving debt-burdened Greece and Spain more time to reduce their budget deficits, cautioning that cutting too far, too fast would do more harm than good.

11/10/2012 | World

Biden, Ryan clash sharply on foreign policy, economy in debate

Vice President Joe Biden and rival Republican Paul Ryan clashed sharply over foreign policy in a high-stakes debate, with Biden aggressively defending the Obama administration's policies and dismissing Ryan's criticism as "malarkey."

04/01/2013 | World

Mediocre job growth points to slow grind for US economy

US employers kept their pace of hiring steady in December, falling short of the levels needed to bring down a still lofty unemployment rate and pointing to lackluster economic growth in 2013.

10/01/2013 | World

ECB to hold fire as economy shows glimmers of hope

14/01/2013 | World

Obama says refusal to lift debt ceiling would trigger economic chaos

Obama, at a news conference, said the US economy was poised for a good year as long as Washington politics did not interfere.

14/01/2013 | World

Bernanke says raising the US debt ceiling is critical

US Federal Reserve Chairman Ben Bernanke urged US lawmakers to lift the country's borrowing limit to avoid a potentially disastrous debt default, warning that the economy was still at risk from political gridlock over the deficit.

02/01/2013 | World

Global stocks extend gains on 'cliff' deal

US stocks kicked off the new year with their best day in over a year today, sparked by relief over a last-minute deal in Washington to avert the "fiscal cliff" of tax hikes and spending cuts that threatened to derail economic growth. The deal also sent European shares to 20-month highs.

20/11/2012 | World

Budget fight threatens US recession, Bernanke says

Federal Reserve Chairman Ben Bernanke said today that 2013 could be a "very good year" for the US economy if politicians can strike a quick deal to avoid the so-called fiscal cliff.

27/11/2012 | World

OECD cuts global economic forecasts

The OECD slashed its global growth forecasts today, warning that the debt crisis in the recession-hit euro zone is the greatest threat to the world economy.

12/12/2012 | World

Fed ramps up stimulus in new approach to support growth

The Federal Reserve ramped up its stimulus to the economy yesterday, expressing disappointment with the pace of recovery in employment as contentious US budget talks heighten uncertainty about the outlook.

17/12/2012 | World

Boehner and Obama conclude latest fiscal talks, no word of progress

US President Barack Obama and Speaker of the House of Representatives John Boehner met at White House for about 45 minutes today, but there was no word of any progress in their bid to avert the looming "fiscal cliff," an aide said.

20/10/2012 | World

Monti expects to see Italy recovery signs within months

Prime Minister Mario Monti said he expected it would be only a few more months before signs of recovery start to emerge in the recession-hit Italian economy.

26/10/2012 | World

US economy grows 2%

The US Commerce Department announced today gross domestic product expanded at a 2.0 percent annual rate, accelerating from the second quarter's 1.3 percent pace.

01/11/2012 | World

UK risks sliding to EU exit, Deputy PM Clegg warns

Britain faces a crisis that could end with the world's sixth largest economy leaving the European Union, Deputy Prime Minister Nick Clegg warned ahead of a showdown over budget spending with other states in the 27-member bloc.

02/11/2012 | World

Storm Sandy to cost New York state economy up to $18 bln

Temporary losses to New York state's economy from super storm Sandy could reach $18 billion, State Comptroller Thomas DiNapoli said.

05/11/2012 | World

Greece faces 48-hour strike over austerity cuts

Greek workers begin a 48-hour strike tomorrow to protest against a new round of austerity cuts that unions say will devastate the poor and drive a failing economy to collapse.

08/11/2012 | World

Draghi: economic outlook weak, not improving

The European Central Bank expects the euro zone economy to remain poor, ECB President Mario Draghi said after the bank left interest rates unchanged today.

15/11/2012 | World

Euro zone falls into second recession since 2009, data shows

The debt crisis dragged the euro zone into its second recession since 2009 in the third quarter despite modest growth in Germany and France, data showed.

16/11/2012 | World

OECD report: Rising obesity strains Europe's shrinking health budgets

More than half of Europeans are obese or overweight, adding significant pressure to healthcare costs at a time when spending is being cut by governments, the OECD and European Commission said today.

01/10/2012 | World

Euro zone joblessness risks 'economic disaster'

The EU warned today of an "economic and social disaster" if joblessness among young Europeans continued to rise, calling for a joint effort to combat record high unemployment in the countries which share the euro.

27/07/2012 | World

Spain discusses state bailout; ECB seen writing off Greek debt

Spain has at last conceded it may need a state bailout and policymakers are considering writing down Greek debt to their central banks, European officials said, as markets anticipated radical new action to pull the continent out of its debt maelstrom.

01/08/2012 | World

Fed says economy weaker but leaves policy on hold

The Federal Reserve stopped short of offering new monetary stimulus even as it signalled further bond buying could be in store to help a US economic recovery that it said had lost momentum this year.

04/10/2012 | World

Romney goes on offensive in first debate with Obama

Mitt Romney battled back in his uphill drive to oust President Barack Obama with an aggressive debate performance that put his campaign on a more positive footing after weeks of stumbles and knocked Obama off-stride.

08/10/2012 | World

UK government to slash welfare after next election

Britain's Conservative-led government will trim an extra 10 billion pounds (US$16 billion) a year from its welfare budget and make cuts across the board in the next phase of austerity if re-elected, its finance minister today.

22/08/2012 | World

US Budget Office sees worse economic wreckage from 'fiscal cliff'

Massive spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution, US Congress' budget office said.

22/08/2012 | World

Fed ready to ease 'fairly soon,' minutes show

The Federal Reserve is likely to deliver another round of monetary stimulus "fairly soon" unless the economy improves considerably, minutes from the central bank's August meeting show.

23/08/2012 | World

US jobless claims rise to highest level in five weeks

The number of Americans filing new claims for jobless benefits unexpectedly rose last week, suggesting the labor market is healing too slowly to make much of a dent in the unemployment rate.

23/08/2012 | World

Fed official says economy data has improved in recent weeks

A Federal Reserve official today leaned against the impression that the US central bank was locked into easing monetary policy at its meeting next month, noting that economic data had improved in recent weeks.

24/08/2012 | World

UK's recession less severe than first thought

Economy shrank less than first thought in the second quarter despite a hefty drag from trade, but the wider picture of economic weakness was little changed, data today showed.

28/08/2012 | World

Spanish recession deepens as austerity plan moves forward

Spain’s recession worsened in the second quarter as the government’s austerity push to reduce the euro area’s third-biggest budget deficit and a slump in consumer spending offset growth in exports.

06/09/2012 | World

IMF deems ECB's action 'an important step toward strengthening stability in Europe'

Managing Director Christine Lagarde of the International Monetary Fund (IMF) showed strong support of the European Central Bank's new framework for intervention in the euro zone debt crisis, deeming today's action 'an important step toward strengthening stability and growth.'

06/09/2012 | World

Obama unites hope with realism in pitch for re-election

US President Barack Obama asked US citizens for patience in rebuilding the weak economy as he appealed for a new term in office and defiantly rejected Republican Mitt Romney's proposals to restore growth.

08/09/2012 | World

China, Russia sound alarm on world economy at APEC summit

China and Russia sounded the alarm about the state of the global economy at a summit on Saturday and urged Asian-Pacific countries to protect themselves by forging deeper regional economic ties.

11/09/2012 | World

Global stocks gain on Fed easing outlook

US and European stocks rallied and Treasuries slipped on expectations a German court would not interfere with a euro zone rescue plan and that the Federal Reserve would again ease US monetary conditions.

05/08/2012 | World

Romney says more Fed stimulus would not help US economy

Republican presidential candidate Mitt Romney said that a fresh round of monetary stimulus from the Federal Reserve would not help the fragile US economy.

06/08/2012 | World

Bernanke: despite recovery, many facing tough times

Federal Reserve Chairman Ben Bernanke said that although broad measurements of the economy point to recovery, many people and businesses are facing tough times.

09/08/2012 | World

OECD sees emerging market slowdown spreading to Russia

Russia looks headed towards an economic slowdown, joining fellow emerging market powerhouses India and China whose economies are also showing signs of faltering, the latest report from the OECD showed today.

14/08/2012 | World

Euro zone economy shrinks despite German growth

The euro zone's debt-ravaged economy shrank in the second quarter, having flatlined in the first, despite continued German growth which economists said could soon be snuffed out.

23/07/2012 | World

Spain's Central Bank says economy sank deeper into recession in second quarter

Spain's economy sank deeper into recession in the second quarter, its central bank said as investors spooked by an undeclared funding crisis in its regions pushed the country ever closer to a full bailout.

25/07/2012 | World

Britain sinks far deeper into recession than forecast

Britain's economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighboring euro zone crisis.

10/07/2012 | World

OECD sees no end to jobs crisis as economy struggles

Unemployment in advanced economies will remain high until at least the end of 2013, with young people and the low-skilled bearing the brunt of what is by far the weakest economic recovery in the past four decades, the OECD said today.

18/07/2012 | World

World Bank chief warns no region immune to Europe crisis

World Bank President Jim Yong Kim warned that most regions of the world will be hurt by the debt crisis enveloping the euro zone and said it was vital to protect the strong economic gains of the past decade in the developing world.

22/05/2012 | World

OECD sees euro crisis threatening world recovery

The United States and Japan are leading a fragile economic recovery among developed countries that could yet be blown off course if the euro zone fails to contain its flaring growth crisis, the OECD said today.

29/06/2012 | World

Global shares rally after EU agreement

World stocks rallied today after euro zone leaders agreed on measures to cut soaring borrowing costs in Italy and Spain, in addition to directly recapitalizing regional banks.

05/07/2012 | World

ECB cuts rates to new low, no move on bolder measures

The European Central Bank cut interest rates to a record low today to breathe life into a deteriorating euro zone economy but steered clear of more dramatic measures such as buying government bonds or flooding banks with fresh liquidity.

06/06/2012 | World

Trichet: EU institutions need emergency powers

Europe's key institutions should have emergency powers to override economic and financial policies at a national level in times of crisis, Jean-Claude Trichet, former head of the European Central Bank, said today.

06/06/2012 | World

Fed: More upbeat on economy in Beige Book

Economic growth in the United States picked up over the last two months and hiring showed signs of a "modest increase," the Federal Reserve said in a report that ran counter to a growing sense of economic gloom.

07/06/2012 | World

'Fed is monitoring significant risks for the US from Europe crisis'

Federal Reserve Chairman Ben Bernanke said today the central bank was ready to shield the economy if financial troubles mount, but offered few hints that further monetary stimulus was imminent.

08/06/2012 | World

Obama urges Europe to act quickly on crisis

President Barack Obama said that European leaders face an "urgent need to act" to resolve the region's financial crisis as the threat of a renewed recession there spells dangers for an anemic US recovery five months before elections.

11/06/2012 | World

OECD: weakness spreading to Asia, Europe debt woes continue

There are signs that the economies of two of the world's leading emerging powerhouses, India and China, are starting to falter, while Europe continues to be handicapped by its debt woes, the latest report from the OECD showed today.

12/06/2012 | World

Obama, after tough week, defends record on economy

US President Barack Obama stoutly defended his economic record after a stream of bad news - and an uncharacteristic verbal misstep of his own - rallied Republican hopes that they can defeat him in November.

20/04/2012 | World

G20 doubles IMF's war chest amid fears on Europe

Leading world economies pledged $430 billion in new funding for the International Monetary Fund, more than doubling its lending power in a bid to protect the global economy from the euro-zone debt crisis.

11/01/2012 | World

Fed says US economy expanding moderately

The Federal Reserve said the economy continued to expand modestly through the end of 2011 as holiday spending proved robust, but a weak job market was still preventing incomes from rising.

20/01/2012 | World

Italian cabinet approves deregulation package

Italy's cabinet approved legislation to deregulate some service sectors and professions in an effort to increase competition, cut costs to consumers and boost chronically weak growth in the euro zone's third largest economy.

25/04/2012 | World

Britain's economy falls in its second recession since financial crisis

Britain's economy has fallen into its second recession since the financial crisis after an shock contraction at the start of 2012,the Office for National Statistics said, adding that Britain's gross domestic product fell 0.2 percent in the first quarter of 2012 on top of a 0.3 percent decline at the end of 2011.

25/04/2012 | World

US: Bernanke says Fed prepared to do more for economy

US Federal Reserve Chairman Ben Bernanke today said the US central bank "would not hesitate" to launch another round of bond purchases to drive borrowing costs lower if it looked like the economy needed it.

27/04/2012 | World

Global stocks rally by the end of the week

US stocks advanced and posted their best weekly gains in a month as stronger-than-expected earnings from Amazon.com and Expedia Inc reinforced confidence in corporate performance. Meanwhile, Europe's top share index rose.

27/04/2012 | World

US economic growth cools in the first quarter

US gross domestic product expanded at a 2.2 percent annual rate, the Commerce Department said today in its advance estimate, moderating from the fourth quarter's 3 percent rate.

27/04/2012 | World

Romney keeps focus on economy despite Obama attacks

White House candidate Mitt Romney kept his focus on attacking President Barack Obama's handling of the economy, in the face of Democrats' attempts to paint the Republican hopeful as weak on national security.

10/05/2012 | World

US jobless claims fall, trade gap widens

The number of Americans submitting new applications for jobless benefits edged down last week, easing concerns the labor market was deteriorating after April's weak employment growth.

11/05/2012 | World

Fitch warns euro zone of downgrades if Greece exits

Credit rating agency Fitch put the whole of the euro zone on notice today that were Greece to leave the currency bloc as a result of its current crisis, the remaining countries could find their sovereign ratings at risk.

12/05/2012 | World

Thousands march against economic gloom in Spain, UK

Thousands of Spaniards fed up with economic misery and waving banners against bankers marched on Saturday to mark the first anniversary of the grassroots "Indignados" movement that has sparked similar protests around the world.

29/03/2012 | World

US fourth-quarter GDP unrevised at 3%

The US economy expanded as expected in the fourth quarter while personal income grew at a much faster pace than previously thought, which should help underpin spending this quarter.

04/04/2012 | World

ECB's Draghi: Exit strategy talk is premature

ECB President Mario Draghi said today that the euro zone inflation outlook did not warrant a retreat from loose monetary policy given the poor state of the bloc's economy.

12/04/2012 | World

US jobless claims unexpectedly rise last week

New claims for unemployment benefits rose last week in the US to their highest level since January, a development that could raise fears the labor market recovery was stalling after job creation slowed in March.

13/04/2012 | World

Wall Street, European shares fall on Spanish, Chinese data

US stocks closed their worst two-week slide since November with a selloff as disappointing China growth data sparked worries the global recovery was flagging. Meanwhile, European shares went into reverse after two days of gains as concerns over euro zone sovereign debt returned.

16/04/2012 | World

US retail sales beat expectations in March

US retail sales rose more than expected in March as Americans shrugged off high gasoline prices and bought a range of goods, suggesting that economic growth in the first quarter did not slow as much as many had feared.

17/04/2012 | World

'World economy fragile faces uneasy calm,' IMF says

Global growth is slowly improving as the U.S. recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile, the International Monetary Fund said.

15/03/2012 | World

US jobless claims fall, manufacturing holds up

US economic growth showed signs of becoming more self-sustaining as the number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing activity in the Northeast picked up this month.

16/03/2012 | World

S&P 500 ends best week with quiet day, European shares edge up

Global stocks advanced, with a broad measure of US equities rising to an almost four-year high after news of subdued inflation added to investment sentiment and helped fuel a retreat in government debt markets.

21/03/2012 | World

Global stocks mostly slip, tech keeps S&P near 4-yr highs

US stocks mostly fell, weighed by the energy services sector, but gains in technology shares buoyed the Nasdaq and helped keep the S&P 500 near four-year highs. Meanwhile, European shares fell.

23/03/2012 | World

Wall Street bounces back as European shares suffer worst week

US stocks rose in light volume, buoyed by rising energy and basic materials shares, as the S&P 500 kept showing resilience even as it posted its second negative week so far this year. Meanwhile, European shares closed fractionally lower to record their steepest weekly loss since the start of the year.

26/03/2012 | World

Bernanke says US economy needs faster growth to dent joblessness

The economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate further, Federal Reserve Chairman Ben Bernanke said today.

27/01/2012 | World

Geithner: US economy is growing but still faces challenges

The US economy is growing at 2-3 percent but still faces big challenges to repair damage wrought by the financial crisis, Treasury Secretary Timothy Geithner said.

21/02/2012 | World

Global stocks slip, cooled by rising oil prices

US stocks retreated today, undermined by rising oil prices and doubts about the success of Europe's second bailout package for Greece, but earlier the Dow Jones industrial average rose above 13,000 for the first time in nearly four years

24/02/2012 | World

Global stocks end higher

The S&P 500 inched higher to close at the highest since before the collapse of Lehman Brothers in 2008, continuing a pattern of steady gains on signs of US economic recovery. Meanwhile, European share price edged up.

28/02/2012 | World

Wall Street advances; ECB cash injection boosts European shares

Strong US consumer confidence helped stocks advance and the S&P 500 to pierce the key 1,370 point level. Meanwhile, European shares edged up as investors braced for the next round of the European Central Bank's (ECB) injection of cheap cash for banks, a major factor in driving the market's rally in 2012.

01/03/2012 | World

Global stocks rise on data, ECB cash injection

US stocks rose, moving back to 2008 highs, after a jump in bank shares and further upbeat data on the labor market, though sharp gains in oil prices limited the advance. Meanwhile, European shares closed higher, boosted by euro zone banks.

02/03/2012 | World

Wall Street dips, eyes on oil prices

The S&P 500 and Nasdaq notched their eighth week of gains in the last nine, but momentum ran out on Friday as shares ended the day lower after a thinly traded session.

07/03/2012 | World

Global stocks claw back after US jobs report

US stocks broke a three-day losing streak, recovering some recent losses after a report showed the US private sector added more jobs than expected last month. Meanwhile, European stocks bounced from one-month lows, helped by an upbeat US job report.

13/03/2012 | World

ECB Draghi: 'We are alert to the risk of inflation although it's not materializing'

European Central Bank President Mario Draghi said today that the euro zone's economy appears to be stabilizing but inflation risks were not currently materializing as a large output gap remained.

12/12/2011 | World

Sarkozy: French AAA rating loss would be surmountable

A loss of France's AAA credit rating would add to the country's difficulties but would not be insurmountable, French President Nicolas Sarkozy said in a interview published today.

13/12/2011 | World

Fed sees risks from Europe, some improvement in US

The Federal Reserve pointed to turmoil in Europe as a big risk to the US economy, leaving the door open to a further easing of monetary policy even as it noted some improvement in the US labor market.

14/12/2011 | World

UK unemployment hits 17-year high as recession looms

The number of Britons out of work rose to its highest level in more than 17 years in October, and these jobless figures look set to rise further as firms facing the threat of a renewed recession cut back on staff.

19/12/2011 | World

New Spanish leader pledges deep crisis cuts

Spain's incoming Prime Minister Mariano Rajoy took aim at his country's economic woes Monday, promising deep spending cuts at all levels of government while offering tax breaks for companies.

19/12/2011 | World

IMF: 'Developing nations should boost economic defences'

The IMF director Christine Lagarde urged developing countries today to shore up their defences, especially foreign exchange reserves, against a possible European recession next year.

21/12/2011 | World

Spain's Rajoy names cabinet of insiders

Spanish Prime Minister Mariano Rajoy named a cabinet of mostly close advisers charged with reviving the sluggish economy while slashing spending to reassure investors the euro zone's No. 4 economy can stay solvent.

02/12/2011 | World

Merkel says debt crisis will take years to solve

German Chancellor Angela Merkel called for rapid EU treaty change to remedy the root causes of the euro zone's debt crisis but warned that Europeans faced a long, hard "marathon" to restore lost credibility.

02/12/2011 | World

Fisher: Fiscal deficits hurt Fed's efforts on economy

Federal deficits are complicating efforts by the US Federal Reserve to help the economy, but using the central bank as a printing press to solve the problem "is not an option," a top Fed official said.

21/11/2011 | World

Moody's warns on French rating outlook

A rise in interest rates on French government debt and weaker growth prospects could be negative for the outlook on France's credit rating, Moody's warned in a report, adding to pressure on European debt markets.

24/10/2011 | World

Obama tests go-it-alone steps for US economy

President Barack Obama launched the first in a series of executive actions aimed at bypassing Republicans in Congress to show American voters he is serious about tackling a jobs and housing crisis that endangers his re-election.

25/10/2011 | World

IMF considering participation in EU bailout fund

The International Monetary Fund is considering taking part in a special investment vehicle being proposed by the euro zone bailout fund but has not made a decision yet, euro zone officials said today.

27/10/2011 | World

US: consumers, businesses pump up Q3 growth

The economy grew at its fastest pace in a year in the third quarter as consumers and businesses stepped up spending, creating momentum that could carry into the final three months of the year.

28/10/2011 | World

EU plan should restore confidence in banks, Fitch says

Europe's plan to halt the spread of a debt crisis will help restore confidence in banks and should leave the senior debt ratings of even most of the weakest ones unaffected, Fitch Ratings said.

02/11/2011 | World

Fed lowers GDP forecast, holds policy steady

The US Federal Reserve left monetary policy on hold and offered a moderately brighter economic outlook, but flagged risks to growth that appeared to leave open the door for further easing.

07/11/2011 | World

IMF's Lagarde urges euro zone to redouble efforts

The head of the International Monetary Fund urged the euro zone today to redouble efforts to overcome its sovereign debt crisis and said the global economy faced increasing risks of a slowdown.

14/11/2011 | World

OECD: All major economies headed for slowdowns

None of the world's major economies will escape a slowdown, the Organization for Economic Co-operation and Development said, highlighting increasing signs that growth momentum is dwindling across the board.

14/11/2011 | World

Lagarde warns crisis must be solved to avoid negative spiral

The head of the International Monetary Fund (IMF), Christine Lagarde, warned that it is necessary to solve the crisis in the euro zone to avoid that the global economy enters in a “negative spiral of distrust and weakened growth.”

16/11/2011 | World

European Central Bank steps in to counter bond rout

The European Central Bank stepped in to stem an accelerating sell-off of euro zone government bonds today, traders said, after the United States called for more decisive action to halt a spreading sovereign debt crisis.

16/11/2011 | World

EU's Barroso: euro zone must integrate to survive

The euro zone faces a systemic crisis and will not survive unless it becomes more integrated and disciplined, possibly through a change of the European Union's treaty, European Commission President Jose Manuel Barroso said.

17/11/2011 | World

US jobless claims at 7-month low

New US claims for jobless benefits hit a seven-month low last week, while permits for future home construction rebounded strongly last month, bolstering views the economy was gaining traction.

17/10/2011 | World

European watchdog urges banks to improve pay disclosure

Not a single major European bank is providing enough transparency and detail on staff pay, and disclosure needs to improve, Europe's banking watchdog said today.

06/10/2011 | World

Trichet sees intensified downside risks to growth

Downside risks to economic growth in the euro zone have intensified, European Central Bank President Jean-Claude Trichet said today, taking a slightly more gloomy view than a month ago.

07/10/2011 | World

IMF chief: Greece-troika talks not over, hope to end soon

The head of the International Monetary Fund's mission for Greece said a review of the country's progress under a bailout deal would hopefully be concluded positively soon, but talks were not yet finished.

07/10/2011 | World

US nonfarm payrolls rise in September, jobless rate steady

Employment grew more than expected in September and job gains for the prior months were revised higher, according to a government report that could ease fears the economy was heading into recession.

12/10/2011 | World

UK unemployment hits highest since 1994

Unemployment in Britain has jumped to its highest level since 1994, with young people hit hardest as private companies fail to make up for job losses in the public sector, piling pressure on the government to boost a stagnant economy.

12/10/2011 | World

Fed's Plosser: Weak jobs market a serious challenge

The September jobs report was "a bit of positive news", but the pace of jobs growth is still too slow to make a significant dent in the unemployment rate, a Federal Reserve policymaker said today.

29/09/2011 | World

US second-quarter growth revised up to 1.3%

The US economy grew slightly more than previously reported in the second quarter, helped by consumer spending and export growth that was stronger than earlier estimated, according to a government report that pointed to slow growth rather than a recession.

29/09/2011 | World

Fed says twist will do little for growth

The Federal Reserve's move last week to further lower borrowing costs was risky and won't significantly speed up a "painfully protracted" recovery, one of the officials who dissented against the decision said today.

30/09/2011 | World

Weak income curbs US consumer spending in August

Consumer spending adjusted for inflation was flat in August as income fell for the first time in nearly two years amid a weak labor market, according to a government report.

26/09/2011 | World

Obama says eurozone crisis is 'scaring the world'

US President Barack Obama said the debt crisis in Europe was "scaring the world" and that European leaders were dealing with the issue but not as quickly as needed.

14/12/2010 | World

Fed keeps policy on hold, says recovery too slow

The US Federal Reserve said the economic recovery was still too slow to bring down unemployment, reaffirming its commitment to purchase $600 billion in bonds to stimulate growth and create jobs.

22/09/2011 | World

Geithner: EU crisis, US politics, biggest threats to economy

US Treasury Secretary Timothy Geithner said that the European debt crisis and the political divisions in the United States were the biggest threats to the global economy.

01/12/2011 | Latin America

Brazil seeks to stimulate economy, consumption

Brazil's Finance Minister Guido Mantega announced today a series of measures aimed at stimulating the economy and domestic consumption, amid an international crisis mainly affecting developed nations.

23/04/2012 | Latin America

Cuba plans massive shift to 'non-state' sector

Cuba will move nearly 50 percent of the state's economic activity to the "non-state" sector, a senior Communist party official said, the latest signal the island is headed toward a mixed economy.

26/07/2012 | Latin America

Cuba broadens economic reforms, plans new measures

Cuba adopted a new tax code this week and said it would loosen regulations on some state companies while turning others into cooperatives, as one of the world's last Soviet-style economies moves in a more market-friendly direction.

27/07/2012 | Latin America

Brazil's Rousseff pledges more economic stimulus

Brazilian President Dilma Rousseff said today her government will unveil more measures to stimulate the economy in August and September, including investments in ports, airports, railroads and highways.

15/08/2012 | Latin America

Economic situation in Argentina could affect Uruguay, Mujica

Uruguay’s President José Mujica said today that the economic situation in Argentina could affect the neighbouring country.

13/09/2012 | Latin America

Brazil offers new round of tax relief to boost economy

Brazil rolled out additional stimulus measures to bolster its sluggish economy on Thursday, extending tax breaks to more than two dozen industries and reducing the cost of acquiring capital goods in a bid to help struggling local businesses.

02/10/2012 | Latin America

LatAm growth will fall to 3.2% in 2012, UN's ECLAC

The weak global economy, mainly due to the difficulties faced by Europe, United States and China, has affected growth in Latin America and the Caribbean. In 2012, the region's growth will be slower than in previous years, according to estimates presented today by ECLAC.

02/01/2013 | Latin America

Brazil posts smallest trade surplus in a decade

Brazil posted its smallest annual trade surplus in a decade last year as a sluggish global economy curbed demand for its products despite government efforts to boost exports.

19/01/2013 | Latin America

Maduro slams business leaders over Venezuela economy comments

Venezuela's vice president hit out at the country's business leaders, saying they were seeking to destabilize the nation while cancer-stricken President Hugo Chávez fights to recover from surgery.

28/01/2013 | Latin America

Economists cut Brazil 2013 GDP growth view to 3.1%

Economists trimmed their forecasts for Brazil's economic expansion this year for the fourth straight week to 3.10 percent, a weekly central bank survey showed today.

30/07/2011 | Latin America

Unasur to hold 'urgent meeting' to face possible US crisis

The Union of South American Nations (Unasur) will hold an “urgent meeting,” suggested by Colombia, to establish actions to protect the region from the possible economic crisis of the United States, the Ecuadoran President Rafael Correa reported.

13/12/2010 | Latin America

Argentina to grow 8.4% in 2010, 4.8% next year: ECLAC

Following a 1.9 percent decline in 2009, Latin America and the Caribbean will grow by 6 percent in 2010 thanks to the economic recovery posted by most countries in the region, while Argentina's GDP is expected to have grown 8.4 percent by the end of this year, and 4.8 percent in 2011 according to an annual report launched by UN's ECLAC Commission today.