Archive for February, 2012

Jobless rate falls but outlook bleak

Unemployment has fallen to the lowest in six months but the outlook for the labour market remains bleak.

Super-rich are topic for professor’s talk

ALL advance tickets have been snapped up for talk by a celebrated academic who believes that the inequality symbolised by bankers? bonuses is at the root of almost every social problem.

Lull before the storm

Over the weekend, Greek Prime Minister Lucas Papademos won parliamentary approval for austerity measures to secure a second international bailout and avoid national bankruptcy.

Japan's big GDP drop a worry for PM tax plan

Japan's economy shrank much more-than-expected in the fourth quarter, as Thai floods, a strong yen and weak demand hurt exports, casting doubt on hopes for a quick pick up in activity that could bolster government plans to raise the sales tax.

Euro Gains Against Majors Amid Greek Debt Impasse; Yen Declines

The euro gained against the majority of its most-traded counterparts as the central bank saw signs of stabilization? in the region and investors speculated Greece would convince European leaders to release its aid package.

Housing Curbs Fed Efforts to Boost Growth

Federal Reserve Chairman Ben S. Bernanke said the central bank’s efforts to spur economic growth are being blunted by impediments to mortgage lending, and he called for further steps to heal the housing market.

Is the slide over for the rupee?

National currencies often reflect the health of their economies by the values they take against other currencies. In this respect, the Indian rupee's movements over the last seven to eight months, also reflect the state of health of the Indian economy.

NACA loans may help Manteca

Efforts to put home-buying families into Manteca foreclosures will get a boost in the coming months from the Neighborhood Assistance Corporation of America.

UMC Posts Smallest Profit in Three Years, Sees Turnaround

United Microelectronics Corp., the world’s second-largest contract maker of chips, posted its smallest profit in almost three years as demand continued to slide and clients cut stockpiles.

Corporate profits aren’t what they seem

NEW YORK Is the great profit engine of corporate America running out of steam?