Moody’s credit rating agency downgraded five Greek banks on Wednesday, saying their finances will suffer from the effects of the country’s public debt crisis — including painful austerity measures and a long recession.
The credit rating agency said the outlook on the banks — National Bank of Greece, EFG Eurobank Ergasias, Alpha Bank, Piraeus Bank and [...]
Posts Tagged ‘recession’
Moody’s downgrades Greek banks, long slump feared
March 31st, 2010 by HardMoney Writer
Tags: borrowing costs, credit rating, debt crisis, financial crisis, greek banks, recession
more...Economic growth revised slightly lower in Q4
March 26th, 2010 by HardMoney Writer
The economy grew at a slightly less brisk pace in the fourth quarter than previously estimated, while corporate profits slowed sharply from the prior quarter, government data showed on Friday.
Analysts said while the report was evidence the economy emerged from recession in the second half of 2009, the underlying growth pace was not robust enough [...]
Tags: economic growth, financial services, recession, stocks rose, unemployment
US industrial output stutters amid winter storms
March 15th, 2010 by HardMoney Writer
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.
The small rise in industrial output came after a revised 0.9 percent January increase, up 0.2 percentage points from the initial reading, and was better than [...]
Tags: economic recovery, fed, Federal Reserve, recession, us industrial
California revenue jumps, tax refunds should be paid on time
March 11th, 2010 by HardMoney Writer
California’s revenue in February was $480 million or 8.7 percent above the estimate in Governor Arnold Schwarzenegger’s state budget plan, so tax refunds should be paid on time, State Controller John Chiang said on Wednesday.
There had been some talk in the state capital of Sacramento that tax refunds could be delayed, as they were temporarily [...]
Tags: recession, sacramento, tax, tax refunds, wall street
US private sector sheds 20,000 jobs in February
March 3rd, 2010 by HardMoney Writer
The US private sector shed the smallest number of jobs in two years in February, a payrolls firm said Wednesday in a report signaling a healing labor sector as the economy recovers from recession.
Non-farm private payrolls fell 20,000 in February on a seasonally adjusted basis, payrolls firm ADP said, matching the consensus forecast.
“The February employment [...]
Tags: economy recovers, households, recession, unemployment, us economic, us private sector
Eurozone economic sentiment falls in February
February 25th, 2010 by HardMoney Writer
Economic sentiment in the 16 countries that use the euro worsened in February for the first time in nearly a year, the European Commission said Thursday, in a further sign that the recovery from recession has lost momentum.
With sentiment fragile and debt worries mounting across the single currency area, particularly in Greece, the Commission said [...]
Tags: economic recovery, european commission, eurozone economic, eurozone economy, recession
Santander: family are more yielding savers now
October 28th, 2009 by HardMoney Writer
Santander has commented that people are much more proficient savers now and are finding new ways to cut costs during the recession.
Director of savings and investments at the organisation Reza Attar-Zadeh pointed out that entertaining people at home rather than going out is just one of these changes that people have made.
Research by Santander’s UK [...]
Tags: money, recession, santander, savers
Fatal error: Cannot redeclare pagenavi_textdomain() (previously declared in /home/hardmone/public_html/wp-content/themes/front-page/wp-pagenavi.php:34) in /home/hardmone/public_html/wp-content/themes/front-page/wp-pagenavi.php on line 35