 |
 |
|
Navigation |
|
|||||
| Economy News Headlines - Yahoo! News | |||||
| Zimbabwe sees lower growth, higher inflation in 2012 2012-05-17T11:56:20Z
|
|||||
| No deposit flight at Bankia: Spain government official 2012-05-17T11:52:20Z MADRID (Reuters) - Spain's Economy Secretary said on Thursday there had not been an exit of deposit funds from troubled bank Bankia. "It's not true that there is an exit of deposits at this moment from Bankia," said Economy Secretary Fernando Jimenez Latorre. El Mundo newspaper earlier reported that Bankia had lost over 1 billion euros ($1.27 billion) in deposits, around 1 percent of retail and corporate accounts, over the past week. ($1 = 0.7849 euros) (Reporting By Paul Day, Editing by Sonya Dowsett) |
|||||
| Wal-Mart's 1Q profit up 10.1 percent 2012-05-17T11:32:21Z Wal-Mart Stores Inc. is reporting a 10.1 percent increase in first-quarter profit as the world's largest retailer's re-emphasis on low prices continues to woo back bargain-hungry shoppers in an uncertain economy. |
|||||
| Myanmar hopes for U.S. sanctions move to boost economy 2012-05-17T11:30:13Z
|
|||||
| Italy boosts security, raps attacks on tax officials 2012-05-17T11:25:42Z ROME (Reuters) - Italy acted on Thursday to step up security against a resurgence of politically inspired violence driven by its economic crisis and Prime Minister Mario Monti voiced "unconditional support" to tax officials who have come under repeated attack. The measures underscore the growing attention Italian authorities are paying to the threat of violence, either from individuals struggling to make ends meet or from radical groups seeking to exploit a spreading mood of discontent. ... |
|||||
| Greek worries push European markets down further 2012-05-17T11:18:25Z Fears that Greece might leave the euro currency union, with uncertain consequences for the rest of Europe, pushed the continent's markets down again on Thursday, though Asian stocks eked out gains thanks to good economic growth figures out of Japan. |
|||||
| Bankia customers pull out over 1 billion euros: report 2012-05-17T11:16:09Z MADRID (Reuters) - Customers at nationalized Spanish bank Bankia SA have taken out more than 1 billion euros ($1.3 billion) over the past week in a sign of fast-fading confidence in the lender, a newspaper reported on Thursday. Newly appointed Chairman Jose Ignacio Goirigolzarri informed a board meeting on Wednesday about the exit of funds from the bank, El Mundo said, citing information from the board meeting it had seen. Bankia, the Bank of Spain and the economy ministry declined to comment on the report. ... |
|||||
| High funding costs threaten Spain's robust exports 2012-05-17T11:00:23Z MADRID (Reuters) - Spain's small and medium-sized exporters are struggling to compete with European rivals due to high borrowing costs, as fallout from the country's banking crisis hurts one of the few bright spots in a contracting economy. From ceramic tile makers to chemicals producers and conveyor belt manufacturers, they say credit is too expensive or simply unavailable, even though exporters appear at first sight to be healthy. Since the crisis year of 2008, Spanish exports have grown faster than those of any other euro zone country except Estonia, according to banking group BBVA. ... |
|||||
| Spain beset by bank crisis, recession, bond pressure 2012-05-17T11:00:23Z
|
|||||
| Euro zone fears pressure shares, euro steadies 2012-05-17T10:57:26Z LONDON (Reuters) - The euro hovered near four-month lows and European shares extended their losing streak on Thursday, as investors avoided riskier assets due to the deepening turmoil in Greece and fears of contagion spreading to other stressed euro zone economies. News that some Greek banks face emergency funding needs dealt a further blow to risk sentiment, already beaten down by worries about slower economic growth in China, a fragile U.S. jobs market and a shock trading loss at JPMorgan Chase. ... |
|||||
| Global trade well below pre-crisis trend: survey 2012-05-17T10:52:47Z LONDON (Reuters) - Global trade growth will slow this year and volumes are unlikely to regain their pre-crisis trend for at least another four years, according to a survey released on Thursday. The International Chamber of Commerce said it expected trade, the life blood of the global economy, to expand by 5.2 percent this year and by 7.2 percent in 2013. Growth for all of 2011 was 6.6 percent, driven by emerging markets, but slowed down towards the end of the year. Euro zone export volumes fell 5.9 percent in 2011. ... |
|||||
| Copper rebounds from four-month lows, Greek worries caps gains 2012-05-17T10:25:37Z LONDON (Reuters) - Copper rebounded on Thursday following hefty losses in the previous session that dragged prices to four-month lows, but gains were fragile as worries about the deepening political crisis in Greece kept investors cautious. The metal used in power and construction snapped four sessions of falls and was on course for its biggest daily rise in three weeks, but worries surrounding the euro zone debt crisis, a slowdown in top consumer China and the fragile state of the U.S. economy prevented further gains. Three-month copper on the London Metal Exchange (LME) rose 0. ... |
|||||
| Philippines seeks new markets amid sea dispute with China 2012-05-17T10:22:46Z MANILA (Reuters) - The Philippines needs to develop new overseas markets so that a maritime standoff with China, which has thrown relations into turmoil, does not take a toll on tourism and fruit exports, a senior official said on Thursday. China has tightened quality controls on Philippine fruit and cut the number of tourist visits to the Philippines, moves which will likely have a limited impact on the economy, Arsenio Balisacan, the new economic planning secretary, told reporters. ... |
|||||
| France says won't ratify unchanged euro pact 2012-05-17T10:15:39Z PARIS (Reuters) - France will not ratify the European pact on fiscal discipline unless it is amended to include ambitious commitments to promote economic growth, the country's new finance minister, Pierre Moscovici, said on Thursday. "What we've said is the treaty will not be ratified as it stands," Moscovici told BFM TV. "We're firm on this." Moscovici, part of a new left-leaning government formed after the swearing-in of Francois Hollande as France's first Socialist president in 17 years this week, took over from his conservative predecessor Francois Baroin on Thursday. ... |
|||||
| Myanmar hopes for U.S. sanctions move to boost economy 2012-05-17T10:14:56Z NAYPYITAW, Myanmar (Reuters) - A further lifting of U.S. sanctions on Myanmar, which could come during a visit by officials to Washington this week, would be crucial to opening its long-isolated economy, a senior Myanmar government official said. Foreign Minister Wunna Maung Lwin meets U.S. officials on Thursday, stoking expectation the United States might announce a further lifting or suspension of sanctions, including investment restrictions, on the country that is also known as Burma. It is the first official visit by a Myanmar minister to the United States in decades. ... |
|||||
| Euro zone fears pressure global shares, euro steadies 2012-05-17T09:56:06Z LONDON (Reuters) - The euro hovered near four-month lows and European shares extended their losing streak on Thursday, as investors avoided riskier assets due to the deepening turmoil in Greece and fears of contagion spreading to other stressed euro zone economies. News that some Greek banks face emergency funding needs dealt a further blow to risk sentiment, already beaten down by worries about slower economic growth in China, a fragile U.S. jobs market and a shock trading loss at JPMorgan Chase . ... |
|||||
| Growth figures show Japan on recovery track 2012-05-17T09:07:01Z
|
|||||
| Copper snaps 4-day fall; Greece crisis weighs 2012-05-17T07:40:24Z SINGAPORE (Reuters) - London copper rose more than 1 percent on Thursday, snapping a four-session sell-off that sank prices to four-month lows, but worries about the future of Greece as its political crisis deepens kept sentiment in check. Copper prices were on course for their biggest daily rise in three weeks, but gains were capped by the contagion potential of a euro zone without Greece, a slowdown in top copper consumer China and the fragile state of the U.S. economy. ... |
|||||
| Japanese consumers lead economic rebound in first quarter 2012-05-17T07:29:05Z
|
|||||
| Gold up 1 pct, comes off 4-1/2 month low; Greece weighs 2012-05-17T07:27:53Z SINGAPORE (Reuters) - Gold rose about 1 percent on Thursday as bargain hunters resurfaced after prices tumbled to another 4-1/2 month low in the previous session and the euro rebounded, but gains could be limited by fears of a deepening debt crisis in Greece. Investors have unwound their bullish bets in gold, cashing in the metal to cover for losses in other markets, after the turmoil in Europe raised the spectre of a recession that threatens to hurt the global economy. Spot gold added $12.23 an ounce to $1,550.53 by 0618 GMT, after rising to a high of $1,553. ... |
|||||
| Gold up 1 pct, comes off 4-1/2 month low; Greece weighs 2012-05-17T06:55:17Z SINGAPORE (Reuters) - Gold rose about 1 percent on Thursday as bargain hunters resurfaced after prices tumbled to another 4-1/2 month low in the previous session and the euro rebounded, but gains could be limited by fears of a deepening debt crisis in Greece. Investors have unwound their bullish bets in gold, cashing in the metal to cover for losses in other markets, after the turmoil in Europe raised the spectre of a recession that threatens to hurt the global economy. Spot gold added $12.23 an ounce to $1,550.53 by 0618 GMT, after rising to a high of $1,553. ... |
|||||
| S.Africa's Tsogo Sun FY profit up 12 pct 2012-05-17T06:06:13Z JOHANNESBURG, May 17 - Africa's biggest hotels and casino operator Tsogo Sun Holdings reported a 12 percent in full year profit as low interest rates and higher wages boost demand for leisure spending. Tsogo, 40 percent-owned by brewer SABMiller, said adjusted headline earnings per share totalled 121.5 cents in the year to end March compared with 108.5 cents. Consumer are warily spending again in Africa's biggest economy thanks to decades-low interest rates and above-inflation wage settlements Tsogo said it had enough cash to pursue its growth strategy. ... |
|||||
| Japan's economy grows 4.1 percent amid recovery 2012-05-17T05:31:30Z
|
|||||
| Singapore keeps growth forecast amid eurozone woes 2012-05-17T05:25:40Z
|
|||||
| Lower oil prices ease load on consumers and Obama 2012-05-17T04:06:34Z
|
| Useful Links: |
| News Search Engine |
| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.