economy
News
Pressure risingRussia ups ante in bitter gas dispute with Ukraine
Source : news.bbc.co.uk | 06-Jan-2009 12:36
Euro weakens on rate cut evidence
The euro weakens against the pound and the US dollar as data suggests that a eurozone interest rate cut next week is likely.
Source : news.bbc.co.uk | 06-Jan-2009 12:30
Euro inflation hits two-year low
Inflation in the eurozone falls more than expected to 1.6% in December, which is the lowest level for 26 months.
Source : news.bbc.co.uk | 06-Jan-2009 12:03
Coping With Economic Worst Case Scenario
With grim economic news coming out almost daily, Morning Edition wondered if Americans are making contingency plans. Some people in Los Angeles talk about how they're coping with their worst case scenarios.
Source : npr.org | 06-Jan-2009 12:00
Obama Seeks Congressional Support On Economy
President-elect Barack Obama says the economy is sick and getting worse. Obama spent his first day back in Washington on Capitol Hill urging congressional leaders to work quickly on a massive economic stimulus package. He also said his administration will post the plan on the Internet.
Source : npr.org | 06-Jan-2009 12:00
Venezuela suspends US fuel aid
Venezuela's US-based oil subsidiary is halting a programme to provide cheap heating oil to low-income communities in the US.
Source : news.bbc.co.uk | 06-Jan-2009 11:43
House prices 'fell 15.9% in 2008'
House prices fell by 15.9% last year, according to the latest survey by the Nationwide building society.
Source : news.bbc.co.uk | 06-Jan-2009 10:08
India truck strike over fuel cost
Millions of trucks in India are off the roads in an indefinite strike, with operators demanding a lowering of diesel prices.
Source : news.bbc.co.uk | 06-Jan-2009 09:01
Postal Service Sees Less Mail In Slumping Economy
Mail volume suffers when the economy suffers, but this economic downturn is hitting the Postal Service particularly hard. The ailing housing and financial sectors, once heavy users of direct mail marketing, are cutting back. In the last fiscal year, mail carriers delivered 9.5 billion fewer letters and packages than the year before.
Source : npr.org | 06-Jan-2009 06:38
Russia cuts transit gas by fifth
Russia's Gazprom cuts gas transiting Ukraine by a fifth, accusing Kiev of stealing gas intended for EU states.
Source : bbc.co.uk | 06-Jan-2009 05:12
Obama says US economy 'very sick'
US President-elect Barack Obama says that America's economy is very sick and that the situation is worsening.
Source : news.bbc.co.uk | 06-Jan-2009 02:32
UK short-selling ban to be lifted
A ban on the short-selling of financial shares is to be lifted, the UK's financial regulator confirms.
Source : news.bbc.co.uk | 06-Jan-2009 00:46
US Lawmakers Probe Alleged Multi-Billion Dollar Ponzi Scheme
A US congressinal committee held first of what is expected to be numerous hearings on an alleged massive financial fraud by New York asset manager Bernard Madoff
Source : voanews.com | 05-Jan-2009 22:59
EU Urges Resolution of Russia-Ukraine Gas Dispute
European Union says dispute between does not threaten European supplies, but issue serious enough to prompt emergency EU meeting and fresh efforts to resolve the problem
Source : voanews.com | 05-Jan-2009 22:33
In Meetings, Obama Pushes Stimulus Plan
Democrats and President-elect Barack Obama are putting together a short-term stimulus package of up to $1 trillion aiming to jolt the economy and create jobs. It includes about $300 billion in tax cuts for workers and businesses, but it probably won't be on Obama's desk when he takes office.
Source : npr.org | 05-Jan-2009 22:00
Museums Exhibit Signs Of Economic Distress
It's hard to talk about museums these days without discussing the effect the recession is having on them. Funding of all kinds is being cut, and many museums are laying off staff, postponing exhibitions and looking for new ways to raise money.
Source : npr.org | 05-Jan-2009 21:08
2008 US Auto Sales Lowest in Decade
Two largest US manufacturers report lowest number of
Source : voanews.com | 05-Jan-2009 20:51
Building A Better Economic Stimulus Plan
President-elect Barack Obama is meeting with congressional leaders to discuss his plan to create jobs and provide tax relief. Economists Russell Roberts and Robert Reich have different takes on how best to design the plan and keep the country out of a longer, deeper recession.
Source : npr.org | 05-Jan-2009 20:33
EU: Gas Supplies Secure for Now
Prime Minister Vladimir Putin orders state-run company Gazprom to cut amount of gas pumped through Ukraine, because he says Ukraine is diverting gas for its own use
Source : voanews.com | 05-Jan-2009 20:07
Dollarization Puts School Fees Out Of Reach Of Many Zimbabwe Families
The Chisipite Secondary School in Harare has set its fee for one term (there are three terms in the Zimbabwe scholastic year) at US$1,200
Source : voanews.com | 05-Jan-2009 19:04
Why Couldn't Regulators Bust Madoff?
Regulators investigated Bernard Madoff's investment fund at least eight times before the scheme was exposed and Wall Street firms have advised against dealing with him for years.
Source : npr.org | 05-Jan-2009 19:00
Struggling D.C. Neighborhoods Look To Obama
As President-elect Barack Obama makes plans for change at the nation's capitol, communities closer to the center of power are hoping for some help. In Ward 8, one of the poorest communities in Washington, D.C., residents are optimistic.
Source : npr.org | 05-Jan-2009 19:00
Tips For Enjoying 2009 Without A Job
When you're out of work, you have more time. And that can be a good thing says our resident humorist. So consider taking all your activities in the New Year slowly ... very slowly.
Source : npr.org | 05-Jan-2009 19:00
Germany, Japan, US Fight Economic Slump
Monetary and tax policy changes plus stimulus packages on the table worldwide
Source : voanews.com | 05-Jan-2009 18:31
Thatcher pays tribute to Walters
Lady Thatcher leads tributes to her "fearless" economics adviser Sir Alan Walters, who has died aged 82.
Source : news.bbc.co.uk | 05-Jan-2009 18:14
EU plays down impact of gas row
Russia and Ukraine's row over gas has not had a major knock-on effect to European supplies, the EU says.
Source : news.bbc.co.uk | 05-Jan-2009 15:51
Obama Urges Lawmakers to Act Quickly on Economic Legislation
Emerging from bipartisan talks with Mr. Obama, House of Representatives Speaker Nancy Pelosi said lawmakers discussed with president-elect how to pass a stimulus package as quickly as possible
Source : voanews.com | 05-Jan-2009 15:44
Silver Lining In Bleak Economic Forecast?
Although a recent report said that October was one of the worst ever for housing prices, the market started a comeback last week. Plus, unemployment claims actually decreased. For more, Farai Chideya speaks with author and economist Dr. Julianne Malveaux.
Source : npr.org | 05-Jan-2009 15:09
On the first day of Christmas, my true love... filled in a tax return
Some 620 people in the UK filed their tax returns online on Christmas Day, says HM Revenue and Customs.
Source : news.bbc.co.uk | 05-Jan-2009 14:57
Crawford, Texas Loses Tourists as Bush Term Wanes
Some residents welcome the calm, but business on Main Street declines
Source : voanews.com | 05-Jan-2009 14:07
Chinese Economy Experiencing Market Shift
County's focus is changing from economy being export driven to increasing domestic consumption
Source : voanews.com | 05-Jan-2009 12:23
Obama's Stimulus Plan Will Take Weeks Of Work
President-elect Barack Obama is in Washington getting ready for his upcoming inauguration. Obama meets with congressional leaders on his economic stimulus plan Monday. Top Democrats are warning that even if lawmakers move quickly, it could take weeks to get the plan ready to be signed into law.
Source : npr.org | 05-Jan-2009 12:00
Jobless Ask: Take First Offer, Or Wait For Better?
Unemployed workers face a tough decision: Should they settle for a lower salary, and get work now, or hold out for a job commensurate with their skills? Employment counselors say some folks are still too proud to take a pay cut, but as weeks drag into months, they may have to settle for less.
Source : npr.org | 05-Jan-2009 12:00
Locked-In Rate Has Heating Oil Customers Steamed
The recession is driving down energy prices making it cheaper for people to heat their homes. In the Northeast, where home heating oil is commonly used, it could be 25 percent less this winter than last year. That is, except for people who locked in at a higher price last summer. Curt Nickisch of member station WBUR reports.
Source : npr.org | 05-Jan-2009 12:00
Oil price rises on Gaza conflict
Oil rises briefly above $48 a barrel on fears of heightened Middle East tension after Israel's offensive in the Gaza Strip.
Source : news.bbc.co.uk | 05-Jan-2009 11:50
Asia Stocks Open Higher in 2009
Analysts say the gains came from optimism that US and Asian economic stimulus packages will ease the global recession
Source : voanews.com | 05-Jan-2009 10:52
James Surowiecki: When fraudsters go bust.
Along with slashed payrolls, rising foreclosures, and plummeting stock prices, 2008 brought another unwelcome development: a surge in bank robberies, which were up more than fifty per cent in New York. This wasn’t shocking: we typically expect property crimes to rise in hard economic times. There is, though, one crime . . .
Source : newyorker.com | 05-Jan-2009 06:00
Firms urged 'try to keep staff'
Redundancies should be a last resort when firms look to cut costs during the recession, the CIPD says.
Source : news.bbc.co.uk | 05-Jan-2009 01:28
And the richest are...
The crisis is not a bad event for everyone. The companies which have the biggest money reserves can invest easily for a low price. The Financial Times established a ranking of the biggest money reserves per company. The winner is Berskshire Hathaway, Warren Buffet's fund : it has $106 (...)
Source : AgoraVox | 05-Jan-2009 01:09
Slovakia is Euro
Since 1 Jan 2009 Slovakia is the 16th EU member state that has introduced the Euro as its currency. If you need to exchange old Slovak crowns you can do so for free until 27 Feb at the Austrian National Bank. 30,126 SKK = 1 EUR. Opening hours in Vienna: Otto-Wagner-Platz 3: Mon, Tue, (...)
Source : AgoraVox | 05-Jan-2009 00:54
let's get the mad off
America taking care of business...has she? smell like someone it's been getting down to business, ripping of the planet. Berny seems to be the on spot, $50 bn... does it make sense?
Source : AgoraVox | 05-Jan-2009 00:39
Fortis perd près de 300 millions d'euros sur le marché des changes
Fortis n'avait pas besoin de ca... A la suspension de son rachat par BNP Paribas pour cause d'influence gouvernementale sur la décision de justice devant entériner ce mê span s
Source : AgoraVox | 05-Jan-2009 00:24
The most influential investment banks in the world
In these times of global crisis, the ranking of the most powerful investment banks in the world is a bit modified. Goldman Sachs is no longer the uncontested number one : it is challenged by JPMorgan Chase as far as mergers and acquisitions are concerned. The ranking made by Dealogic gives (...)
Source : AgoraVox | 05-Jan-2009 00:09
Richardson Withdraws Bid For Commerce Secretary
The governor of New Mexico and former presidential candidate has withdrawn his nomination to be President-elect Barack Obama's commerce secretary.
Source : npr.org | 04-Jan-2009 19:42
Democrats Warn Stimulus Package Needs Time
One day after President-elect Barack Obama urged quick passage of his economic stimulus plan, top Democrats are signaling that the package won't be ready in time for inauguration.
Source : npr.org | 04-Jan-2009 19:28
Government mulls help for banks
The government says it is exploring how to getting UK banks to increase lending to businesses and households.
Source : news.bbc.co.uk | 04-Jan-2009 17:09