The U.S. economy grew at a 3.2 percent annual rate in the first three months of the year, evidence that the economic recovery continues to plug along but that growth is not accelerating in a way that would bring down joblessness rapidly.
The first-quarter gain in gross domestic product represents a deceleration from the 5.6 percent [...]
Archive for April, 2010
Economy grows at 3.2% rate in first quarter
April 30th, 2010 by HardMoney Writer
Tags: businesses, economic recovery, economy, financial, global economic, investments, investors, money, unemployment, unemployment rate, US Economy
more...Stocks, Oil Rise on Earnings, Economy as Dollar Declines on Fed
April 29th, 2010 by HardMoney Writer
Stocks rose as companies from Motorola Inc. to Unilever NV reported better-than-estimated earnings and European leaders moved closer to helping Greece. Higher-yielding currencies strengthened after the Federal Reserve pledged to keep interest rates at a record low.
The Standard & Poor’s 500 Index rose 0.7 percent, while the Stoxx Europe 600 Index climbed 1.2 percent at [...]
Tags: Commodities, economy, fed, Federal Reserve, interest rates, investors, stocks rose, US Economy
Global economy is recovering and the ‘worst is over’, says IMF chairman
April 28th, 2010 by HardMoney Writer
International Monetary Fund: spring meeting THE GLOBAL economy appears to be recovering and the worst is definitely over, chairman of the International Monetary Fund Youssef Boutros-Ghali said in Washington at the weekend.
However, Mr Boutros-Ghali, who is also the Egyptian minister for finance, said the global economy is “not out of the woods yet”.
“We see a [...]
Tags: central bank, economic recovery, economy, financial sector, global economic, global recovery, IMF
World Bank Increases Voting Rights for China
April 27th, 2010 by HardMoney Writer
The World Bank announced its passage on Sunday of what it calls a “historic” package of reforms at the end of key meetings of global finance leaders. The package includes a massive increase in capital for the institution, its first in 20 years, and an increase in voting rights of China and other developing and [...]
Tags: China, financial, global economic, Japan Finance, US Economy
Germany ready to help Greece soon if it saves more
April 26th, 2010 by HardMoney Writer
Merkel says will help if Greece agrees tougher savings.
Says agreement for aid could come in matter of days.
Says Germany feels obligation towards euro’s stability.
Germany is ready to take a decision on granting aid to Greece in matter of days, once the International Monetary Fund and European officials have completed talks with Athens, Chancellor Angela Merkel [...]
Tags: economy, european union, financial, financial crisis, hard money, IMF
Japan Warns Debt, Fund Flows May Hurt Global Growth
April 24th, 2010 by HardMoney Writer
WASHINGTON (Reuters) - Countries must not be complacent about the state of the global economy, despite brighter signs of recovery, Japanese Finance Minister Naoto Kan on Saturday warned his counterparts at the International Monetary Fund.
Huge public debt in developed countries and surging capital inflows to emerging economies could disrupt growth, Kan said.
The remarks came after [...]
Tags: economic recovery, economy, emerging economies, financial, Financial Markets, global recovery, IMF, Japan Finance, japan's economic, money
Euro Falls a Sixth Day Against Dollar on Greek Budget Deficit
April 23rd, 2010 by HardMoney Writer
April 22 – The euro fell for a sixth straight day against the dollar after data showing Greece’s budget shortfall last year was worse than forecast raised the prospect that the nation will be forced to activate a rescue plan.
The single European currency weakened against 14 of its 16 most-traded peers as statistics from the [...]
Tags: economic recovery, economy, european commission, european union, financial, hard money, investors, US Economy
Stocks fall on renewed concerns about Greek debt
April 22nd, 2010 by HardMoney Writer
NEW YORK — Investors are looking past a jump in home sales and focusing on concerns about Greece’s debt problems.
The National Association of Realtors says Thursday that home sales rose 6.8 percent last month after falling 0.8 percent in February. Buyers are trying to stay ahead of a tax credits that expire at the end [...]
Tags: Dow Jones Industrial, economic recovery, financial, financial crisis, global financial crisis, hard money, investors, stocks
IMF: Global recovery stronger than anticipated
April 21st, 2010 by HardMoney Writer
The world economy is rebounding from recession “better than we thought likely” and will expand by more than 4 percent this year, the International Monetary Fund’s top economist said Wednesday.
Growth is uneven. China is projected to grow by a world-leading 10 percent, while major European nations are expected to grow by a combined 1 percent. [...]
Tags: businesses, economic recovery, global economic, global recovery, IMF, International Monetary Fund, investors, US Economy
Goldman Tops Forecast, With $3.46 Billion in Earnings
April 20th, 2010 by HardMoney Writer
Beset by accusations of securities fraud, Goldman Sachs nevertheless showed Tuesday that it was still very good at what it does best: making money.
Earnings for the Wall Street giant rose 91 percent in the first quarter of 2010, to $3.46 billion or $5.59 a share, up from $1.81 billion or $3.39 a share in the [...]
Tags: businesses, economic recovery, financial, financial crisis, jpm, money, US Economy, wall street
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