LUXEMBOURG (AP) – European Union governments vowed Tuesday to start withdrawing hundreds of billions of euros (dollars) worth of stimulus measures by 2011 if the economy recovers steadily next year.
EU finance ministers said in a statement that the recovery “remains fragile and it is not yet time” to remove support to the economy – such [...]
By GEORGE FREY
AP Business Writer
FRANKFURT (AP) – An Ifo institute survey released Wednesday showed confidence in the economies of the 16 countries using the euro currency worsened for the sixth consecutive quarter and is now the lowest since the survey began in 1993.
The Munich-based institute’s survey of international and national organizations showed the economic climate [...]
By MADLEN READ
AP Business Writer
NEW YORK (AP) – Wall Street is heading for another tumble Monday, with investors nervous about government gridlock and a new round of economic data.
The stimulus package that passed the House of Representatives last week now goes to the Senate, where Republican leader Mitch McConnell said Sunday the bill backed by [...]
By MANSUR MIROVALEV
Associated Press Writer
MOSCOW (AP) – Thousands of protesters rallied across Russia on Saturday to criticize the government’s economic course and its response to the global financial crisis.
The protests, among the strongest yet, reflected simmering public anger over economic conditions and posed a challenge to the Kremlin, which had faced little threat from the [...]
NEW YORK (AP) – The dollar fell against the euro and the pound in early trading Monday on downbeat reports from big U.S. companies, despite encouraging economic news from private research groups.
The 16-nation euro jumped to $1.3143 in morning trading Monday from $1.2974 late Friday, while the British pound rose to $1.3918 from $1.3768. On [...]
WASHINGTON (AP) – President Barack Obama took to the airwaves Saturday to promote his economic aid plan by emphasizing how it would benefit ordinary Americans: thousands of better schools, lower electricity bills, and health coverage for millions who lose their insurance along with their jobs.
It was the latest appeal from the new president for a [...]
By PAN PYLAS
AP Business Writer
LONDON (AP) – World stock markets dived Thursday, particularly in Asia where investors played catch-up with previous losses in Europe and the U.S., after dismal U.S. retail sales data and fresh worries about the global banking system.
Every market in Asia suffered steep declines, with broad sellingseen across industries from energy to [...]
By JANE WARDELL
AP Business Writer
LONDON (AP) – British games publisher Eidos, the maker of the “Tomb Raider” series, slashed its revenue forecasts on Friday as the economic downturn hurt its sales, mainly in the United States.
Shares in Eidos PLC tumbled 27.5 percent as the company, formerly known as SCi Entertainment, also warned it could breach [...]
By PAN PYLAS
AP Business Writer
LONDON (AP) – European stock markets fell for the second consecutive day Thursday after earlier big Asian losses amid mounting concerns about the world economy and the financial health of businesses around the globe.
The FTSE 100 index of leading British shares was down 43.99 points, or 1.0 percent, at 4,463.52, despite [...]
By CHRISTOPHER S. RUGABER
AP Economics Writer
WASHINGTON (AP) – A trio of reports due Tuesday are expected to paint a bleak picture of the U.S. housing market and the broader economy, as the deepening recession sends more companies lining up for a piece of the government’s $700 billion bailout fund.
Wall Street expects the gross domestic product, [...]
