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CompareCC News Archive Listing for Economy during 2010-03.
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Asia factory output expands, China slows a bit
 
Reuters - Factory activity in Asia's main economies expanded last month, with India and South Korea growing at their fastest pace in around two years although China showed some signs of weakening.
Oil hovers below $79 amid mixed US data
 
AP - Oil prices hovered below $79 a barrel Tuesday in Asia as investors mulled mixed signals about the strength of the U.S. economy.
Senators seek to block stimulus money for overseas
 
AP - A group of Democratic senators is urging the Obama administration to suspend an economic stimulus program aimed at financing renewable energy, complaining that money is going to projects that are creating jobs in foreign countries.
Bank of England in "wait and see" mode
 
AP - The Bank of England is expected to keep interest rates at a record low of 0.5 percent and take no further action on purchasing assets to boost the money supply when it announces its monthly monetary policy decision later Thursday.
US sheds 36,000 jobs, unemployment steady at 9.7 percent
 
AFP - The United States shed 36,000 jobs in February and the unemployment rate held at 9.7 percent, the government said in a better-than-expected report Friday that may be skewed by adverse winter weather.
Greek drama needs political solution, even IMF: Italy
 
Reuters - The crisis in Greece affects the whole of Europe and requires a political solution, which could even include a role for the International Monetary Fund (IMF), Italy's Economy Minister Giulio Tremonti said on Saturday.
Chips are down for US casinos as revenues slide
 
AFP - US casinos have run into a string of bad luck as the recession and other factors cut into gambling revenues, even as more states move to get a piece of the action.
Senators wrestle with Fed bank oversight issues
 
Reuters - The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday.
Deutsche Post sees 2010, 2011 core profit rising
 
Reuters - Deutsche Post DHL (DPWGn.DE) said a global economic recovery and cost cuts will help it boost its core profit this year and in 2011.
US to expose trade barriers in new report
 
AFP - The United States said it would expose 'troublesome' foreign trade barriers in a strategy to prise open markets for doubling American exports to ease an unemployment crisis at home.
Geithner warns EU on hedge fund regulation plan
 
AFP - US Treasury Secretary Timothy Geithner has warned the European Commission its plans to regulate hedge funds and private equity groups could spark a transatlantic row, a paper reported Thursday.
Canada's unemployment rate drops
 
AP - Canada's unemployment rate has slipped to 8.2 percent as the economy gained 21,000 jobs.
Six imperatives for financial regulation: Summers
 
Reuters - The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House's National Economic Council, said on Friday, outlining six 'imperatives.'
Fierce debate expected at Fed policy meeting
 
AFP - The US Federal Reserve's policy makers are expected to maintain benchmark interest rates at virtually zero percent at their meeting this week amid intense debate on how soon the central bank should tighten monetary policy.
US industrial output stutters amid winter storms
 
AFP - US industrial production inched up 0.1 percent in February, grinding to a near-halt amid severe snow storms that crippled large parts of the East Coast, Federal Reserve data showed Monday.
Recession left "walking wounded" workers
 
Reuters - Many workers around the world have given up hopes of advancing in their jobs, but the bad economy is keeping them from finding new ones.
Bernanke defends Fed role on smaller bank oversight
 
Reuters - Federal Reserve Chairman Ben Bernanke on Wednesday defended the central bank's supervision of smaller banks, which it would lose in regulatory reform proposals, in a hearing before a congressional panel.
UK public sector debt climbs above 60 pct of GDP
 
AP - Public sector debt in the United Kingdom climbed above 60 percent of GDP in February as government agencies borrowed another 12.4 billion pounds ($19 billion), the Office for National Statistics said Thursday.
Recession hurting cruise ship builders
 
AP - The cruise industry is rebounding, but not for the companies who build the increasingly elaborate ships.
Bernanke: Too big to fail a "pernicious" problem
 
Reuters - Regulators must be 'significantly tougher' on large and complex financial firms to limit wider risks, but big firms are still needed to keep the global economy humming, Federal Reserve Chairman Ben Bernanke said on Saturday.
What's left to fix housing market?
 
Reuters - The United States has thrown trillions of dollars at the slumping housing market and it still looks wobbly.
As farmers move from cotton to corn, jobs are lost
 
AP - Fields of white cotton once stretched as far as the eye could see across the fertile Mississippi Delta, but now many of those acres are flush with green corn stalks.
20 most stressed, least stressed counties
 
AP - Here are the 20 most economically stressed counties with populations of at least 25,000 and their January 2010 Stress scores, according to The Associated Press Economic Stress Index:
Fed rate policy to shift amid slow growth: report
 
Reuters - The Federal Reserve will start moving away from its zero interest rate policy later this year as the U.S. economy improves modestly and job growth resumes, the UCLA Anderson Forecast unit said on Wednesday.
China sees interest rates as "heavy-duty weapon"
 
Reuters - A senior Chinese central banker on Thursday played down the need for an imminent rise in borrowing costs to keep a balance between growth and inflation in the world's third-largest economy.
New US sanctions target Al-Qaeda in Iraq
 
AFP - The US Treasury Department has announced new financial sanctions targeting Muthanna Harith al-Dari, an Iraqi accused of providing support to Al-Qaeda in Iraq (AQI).
Obama hails 'momentous week'
 
AFP - US President Barack Obama used his traditional radio address Saturday to showcase his administration's legislative achievements, arguing the country has made steps toward restoring its economic security.
Daggers in Washington in Captain Morgan rum battle
 
AFP - In a tale of pirates, rum and economic warfare, the US Virgin Islands have lured Captain Morgan maker Diageo from Puerto Rico, leading to a daggers-drawn political battle in Washington.
EU economic sentiment improves in March
 
AP - A survey shows economic sentiment in the European Union improved in March, due mainly to industrial juggernaut Germany, after a pause in February.
Fed's Evans says very concerned about U.S. unemployment
 
Reuters - U.S. unemployment remains a cause for concern, a top U.S. Federal Reserve official said, adding that inflationary concerns are minimal.
Bank of Ireland looks beyond "bad bank," recession
 
Reuters - Bank of Ireland is to raise private capital, potentially becoming the only member of an Irish 'bad bank' scheme to escape a fresh bailout, as Dublin faces years of scrimping to plug the black hole created by the sector.

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