Monday, October 31, 2011

Behind the scenes in the six-day war to save the euro

The guardians of the euro arrived in Brussels last week knowing their efforts to quell the Greek debt crisis over the past two years had failed to build confidence.

Sunday, October 30, 2011

Savings rate falls to lowest level since 2007

The good news is, a recent pick-up in consumer spending is fending off fears of another U.S. recession.

Saturday, October 29, 2011

Americans spent more in Sept., but saved less

Americans spent in September at three times the pace of the previous month, even though their incomes barely budged. They financed their spending binges by saving at the lowest level since the start of the Great Recession.

Friday, October 28, 2011

Shell and Exxon see profits up sharply on oil prices

Higher gas and oil prices have pushed up profits at ExxonMobil and Royal Dutch Shell during the three months to the end of September.

Thursday, October 27, 2011

Norway may help euro zone if asked

Norway says it would consider using some of its North Sea oil wealth to strengthen the euro zone rescue fund if asked.

Monday, October 24, 2011

States to speed up austerity, embrace 'limited' treaty change


Leaders of the EU's 27 member states met on Sunday (23 October) with little fresh to show in the face of the biggest crisis in the bloc's history, but did back a "limited" change to the EU treaty to deliver stronger economic convergence amongst eurozone countries.

Wednesday, October 19, 2011

IMF Sees Strong Growth In Africa, But Global Economy Poses Risks

JOHANNESBURG -(Dow Jones)- Sub-Saharan Africa will grow by 5% on average this year and 5.75% in 2012, though fallout from global financial volatility poses serious risks for the region's most developed economies, the International Monetary Fund said Wednesday.

"The main threat to economic activity in the region is the strong possibility that global growth will decelerate further," the IMF wrote in its regional economic outlook for sub-Saharan Africa.