A coalition of labor and trade activists joined Democratic lawmakers from industrial states Tuesday to push the Obama administration to take action against the growing imports of auto parts from China.
Exxon reported a 2% rise in fourth-quarter earnings Tuesday, even as oil and gas production fell.
The deteriorating situation in Iraq is leading some analysts to worry that the country may not be able to meet its lofty goals for rapidly ramping up oil production.
European Union leaders agreed to strengthen a financial firewall and most members of the 27-nation group will sign a new fiscal compact. But the first summit of the year ended without new solutions for the debt crisis in Greece.
Carnival Corp. reversed its 2012 forecast to a loss Monday, blaming the fatal accident of a cruise ship off the coast of Italy earlier this month.
Maybe the euro isn’t doomed after all?
World markets fell Monday, dragged down by uncertainty in Europe, where leaders have failed to agree on a solution for the Greek debt crisis.
Fitch downgraded the sovereign debt ratings Friday of five European countries, with Italy and Spain taking the biggest hit.
Portugal has come under heavy pressure in the bond market this week as investors fear the nation could be the next domino to fall in the eurozone debt crisis.
Given the troubles in the eurozone, it’s little wonder that the number of executives in Greece and Italy seeking jobs elsewhere in the world is rising. According to the Cyprus-based firm One Hour Translation, the volume of résumés it translated from Greece and Italy rose sharply last year — by 29% and 54%, respectively. The majority of the job applicants wanted their résumés translated into English or German, presumably because that’s where the high-paying jobs are. The question is, If these job aspirants have such lousy language skills that they need their résumés translated, how do they hope to get through an interview, let alone work in these other countries?
It’s not everyday a startup founder gets an invite to one of the White House’s most anticipated events.
Okay, we get it. Mitt Romney is uber-rich.
Bond yields are slowly creeping up in the United States as the economy improves. But with a yield barely above 2%, the 10-year Treasury is still not that far above its all-time lows.
Over the last few months Western governments have been tightening the economic noose around Iran.
Greece is facing an increasing likelihood of default, even if creditors reach an agreement on a deal aimed at reducing the nation’s massive debt load.
The International Monetary Fund lowered its outlook for the world economy on Tuesday, and warned that the global financial system faces growing risks from the debt crisis in Europe.
Greece and its creditors in the private sector are grappling over a key detail of a deal aimed at reducing the nation’s overwhelming debt load, according to a top eurozone official.
Who will be the most important person in economics in 2012? President Obama? Mitt Romney? Ben Bernanke? My candidate is Mario Draghi (a.k.a. „Super Mario”), who took over as chairman of the European Central Bank. Though virtually unknown to Americans, the dapper Italian technocrat could emerge as a savior of the world financial system or as its unwitting assassin.
The market is off to a scintillating start in 2012 and many of last year’s worst performers are leading the charge.
The director of the International Monetary Fund said Monday that Europe needs a stronger financial firewall to stop the spread of debt contagion in the eurozone,
The European Union announced tough new sanctions on Iran Monday, banning the import of Iranian crude and other items, in a move designed to increase pressure against Tehran’s nuclear program.
When President Obama rejected the Keystone oil sands pipeline expansion last week, critics immediately sounded the China alarm.
The numbers are grim: China’s property bubble is heading for a spectacular burst, and its effect on the country’s economy will be widespread.
Greek debt talks are said to be progressing but officials have yet to announce a deal to scale back the nation’s overwhelming debt load.