Posts Tagged ‘austerity measures’

EU preparing for a rescue plan for Spain

Nathan Andrada – Fourth Estate Cooperative Contributor Brussels, Belgium (4E) – Spain is reportedly in talks with European authorities for a fresh round of rescue plan to be announced next week. The Financial Times reported on Friday that the EU is setting the stage for a rescue plan for Spain and unlimited bond purchases by […]

The Arab Spring arrives in Sudan?

Protests against biting austerity measures in Sudan have started to gain momentum and spread, possibly indicating that the tightly controlled Muslim African country could be overcoming its reluctance to join revolts of the Arab Spring. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

U.S. markets open lower sparked by trading losses at JP Morgan Chase

Diane Alter – Fourth Estate Cooperative Reporter New York City, NY, United States (4E) – U.S. stocks opened lower Friday morning after JP Morgan Chase’s trading losses spooked investors. Right after the opening bell on Wall Street, the Dow Jones Industrial Average dropped 64 points, the S&P 500 Index fell 6 points and the NASDAQ […]

U.S. stocks open quietly Thursday as focus remains on Greece

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Stocks were little changed on the open Thursday as investors keep a close eye on developments in Greece. Just after the opening bell on Wall Street, the Dow Jones Industrial Average was up 25 points, while the Standard & Poor’s 500 Index […]

European Stocks Post Weekly Gain; Carlsberg Rises, Holcim Drops

European stocks climbed this past week as Italy’s Senate approved austerity measures, easing concern the country will need a bailout, and U.S. consumer confidence rose in November more than economists had predicted. View full post on Finance Stories

Europe reportedly in talks for new Greece deal

SYDNEY (MarketWatch) — European leaders are trying to negotiate a new bailout deal for Greece that would mean wider outside intervention in the country’s finances, the Financial Times newspaper reported late Sunday, citing people involved in the talks. The deal under discussion would include international involvement in tax collection, as well as in the privatization […]

British Chamber Of Commerce Forecasts 1.9 Percent Economic Expansion In 2011

AHN News Staff London, England, United Kingdom (AHN) – The British Chamber of Commerce forecast over the weekend a 1.9 percent economic expansion for the country in 2011. It is actually a downgrade from the chamber’s September prediction of a 2.2 percent gross domestic product growth rate. The BCC explained the less rosy outlook to […]

Britain’s Budget Office Forecasts Inflation To Outpace Income Growth

AHN News Staff London, England, United Kingdom (AHN) – Britain’s Office for Budget Responsibility warned Monday that the country’s inflation rate would likely outpace income growth over the next two years. The OBR forecasts 2011 inflation rate at 2.8 percent, while average earnings will rise by only 2.2 percent. The higher Consumer Price Index outlook […]

Share Prices Of British Banks Dip On News Of Call For Irish Election

AHN News Staff Dublin, Ireland, United Kingdom (AHN) – British banks lost a lot of money Tuesday because of the news that the Green party called for a general election in Ireland by end of January. The call for election sparked fears that the government of Prime Minister Brian Cowen might collapse before the $105 […]