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And Spain's parliament has agreed to pass a constitutional limit on public-sector borrowing. It's the first eurozone country to impose such a restriction. Last week, France and Germany called on all eurozone governments to introduce limits to help co
All finance analysts fear the massive Japanese earthquake has increased the chances of fiscal crisis in the world's third largest economy and it could affect countries around the globe. While it may be several days or weeks before the costs of the di
New data shows retail sales in Britain rallied sharply in January. It comes as weather conditions eased after what was seen as a snow-induced slump in December. Sales jumped just under 2 per cent in January from the previous month. Experts say the tr
Leading the news this morning Gina Rinehart is now threatening to walk away from Fair Fax,if she doesn't get what she wants.The mining billionaire has told ABC's four coroners program,she now considers selling her stake in Fair Fax,if she does't get
Time for the business news, and when the markets in Europe closed a couple of hours ago, London's FTSE was up 28 points, the DAX up 61 points, and the Euro Stoxx up 13. In the US, trading closed higher. The Dow was up 24, SP 500 also finishing the we
Australia's most powerful indigenous land council has thrown its weight behind a push to stop seabed mining. There has been a surging applications to explore for minerals off the Northern Territory coast. Traditional owners on Groote Eylandt, north a
Major European indexes have posted their deepest annual fall in three years. In 2011, European markets were hit by a major debt crisis and sluggish US economy. British shares finished the year 5.6% weaker. Germany's DAX recorded a 14.7% decline and C
This is AP News Minute. 1. Stocks finished in the red again Tuesday, a day after a big drop amid worried operation markets. The Dow Jones Industrial Average closed down more than 200 points. Meanwhile Tuesday markets in China and Japan face continued
Helping in a crisis can pose dilemma for local farmers and merchants Steve Baragona | Artibonite Valley, Haiti 29 April 2010 Rice farmers can be adversely affected by food aid. About three hours north of Port-au-Prince, the Artibonite Valley is the c
And the US government has begun legal action against StandardPoor's. It's the first time charges have been brought against one of the credit rating agencies, widely blamed for contributing to the global financial crisis. StandardPoor's denies claims
French President Francios Hollande is talking about he'll push ahead with plans to raise the tax rate on the rich. He wants to lift the rate to 75 per cent. A court scuttled the plan last month when it ruled the measure was unconstitutional. Mr Holla
President Bush Attends APEC CEO Summit 2008 PRESIDENT BUSH: Gracias, seor. (Laughter.) What he forgot to say, Secretary Rice, is that he went to Notre Dame. She is a great supporter of Notre Dame. And thank you for having me. Laura and I are delight
This is the VOA Special English Economics Report. The International Monetary Fund has raised its prediction for world economic growth to four and six-tenths percent this year. That is a half-percentage point higher than the estimate in April. The IMF
美联储10月货币政策会议或不会加息 Beijing's official figures suggests China's economy is growing at close to seven percent-but very few people actually believe that. 北京的官方数据显示中国的经济增长速度接近约7%,但实
Experts: Little Risk of China Stock Turmoil Spreading 外国专家:中国股市动荡风险蔓延 While Chinas recent stock market chaos has pushed down stock and commodity prices in other nations, the impact on the global economy may be limited. Som
As things stand now, the financial system of each country is being sustained and supported by its own government. The governments are primarily with their own economies. This tends to give rise to financial protectionism, which threatens to disrupt a
The globalization of financial markets that took place since the 1980s was a market fundamentalist project spearheaded by the United States and the United Kingdom. Allowing financial capital to move around freely in the world made it difficult to tax
The U.S. dollar dropped to a 12-year low against the Japanese yen, and also sank to new lows against the euro and other global currencies. Stock markets in Asia also sold off, in part because of the weak dollar and because of concerns that the U.S. e
In this lead-up to next month's gathering in Hangzhou, Chinese authorities have already begun pressing for an inclusive session focused mostly on world economic growth. It's widely expected issues including a post-Brexit European Union and China's ec
REMARKS BY THE PRESIDENT AFTER REGULATORY REFORM MEETING Diplomatic Reception Room February 25, 2009 3:56 P.M. EST THE PRESIDENT: Hello, everybody. This afternoon, I met with members of my economic team and some key leaders in Congress to discuss th