Strauss-Kahn meets with IMF
Strauss-Kahn meets with IMF Chief and staff members The Washington-based International Monetary Fund (IMF) said Monday that its former boss Dominique Strauss-Kahn paid a visit to the Global lender…
Brazil raises primary surplus target
Brazil raises primary surplus target Brazilian Finance Minister Guido Mantega said Monday that the government will raise the primary surplus target for Y 2011 to minimize the effects of the Global…
Japan Unemployment Rate Rises as Noda Becomes Prime Minister
Aug. 30 (Bloomberg) -- Japan’s jobless rate rose for a second month and retail sales dropped, underscoring the challenge for incoming Prime Minister Yoshihiko Noda in securing Japan’s recovery from…
Gross Says Look Elsewhere as U.S., Europe Face Recession
Aug. 30 (Bloomberg) -- The global economic crisis is leading to a possible “developed economy” recession in the U.S. and Europe, which may be hard to alleviate, according to Pacific Investment…
Central Bankers Urge Governments on Expansion
Central bankers gathered at an annual retreat in Jackson Hole, Wyoming, this weekend had a message for political leaders: monetary policy alone can’t keep the global expansion going. Federal…
Industries Prone To Bubbles and Why
A bubble (sometimes called an asset bubble, financial bubble or investment bubble) exists when the market prices of assets in a particular class far exceed those assets' true value. These inflated…
Greek Banks to Merge
ATHENS—Two of Greece's largest lenders, Alpha Bank SA and EFG Eurobank Ergasias SA, Monday announced plans for an estimated €7 billion ($10.15 billion) tie-up that would create the country's largest…
Obama to Tap Krueger as Top Economist
President Barack Obama on Monday plans to nominate Princeton University's Alan Krueger to be chairman of the White House Council of Economic Advisers, a White House official said. If confirmed by the…