by Associated Press Published: October 6,2010
Tags: global economy, IMF
WASHINGTON (AP) – The global economy will likely strengthen the rest of this year and in 2011 as China and other emerging powers offset weakness in the United States and Europe. That’s the latest outlook of the International Monetary Fund, which predicts the world economy will expand 4.8 percent this year and 4.2 percent next [...] [...]
by Associated Press Published: May 7,2010
Tags: debt, global economy, recession, world markets
BRUSSELS — European leaders sought today to convince fearful markets that the Greek debt crisis won’t spread to other countries and derail the continent’s wobbly shared currency and hesitant economic recovery. France, Italy and Portugal approved their share of a €110 billion ($140 billion) bailout to keep Greece from imminent default as the 16 leaders [...] [...]
by Associated Press Published: April 29,2010
Tags: debt, global economy, international markets
The debt troubles in Greece are intensifying and, even more dangerous, spreading fear across Europe and beyond. That is triggering talk of a potential global contagion, similar to what happened after the investment bank Lehman Brothers collapsed in 2008, setting off the worst financial crisis in the United States since the 1930s and contributing to [...] [...]
by Wally Northway Published: April 13,2010
Tags: global economy, international relations, transportation, travel
MONTERREY, Mexico — Mexico’s Secretary of Communications and Transportation Juan Molinar Horcasitas and U.S. Secretary of Transportation Ray LaHood met April 12 in Monterrey, Nuevo Leon, Mexico, to discuss the broad range of transportation issues of fundamental economic interest to both countries. During the meeting, both officials agreed on the importance of cooperating in areas [...] [...]
by Amy McCullough Published: February 9,2010
Tags: global economy, JACKSON, Mississippi, recession, Schimmels
Schimmel’s Restaurant LLC at 2615 North State Street in Jackson filed for bankruptcy in May 2009, and is now looking for a buyer and asking the court to approve a procedure for competitive bidding. In December, the U.S. trustee, joined by Regions Bank, filed a motion to convert the case to Chapter 7. The court [...] [...]
by Associated Press Published: February 5,2010
Tags: dollar, global economy, money, public debt, recession
The dollar rose to its highest level against the euro in more than eight months Thursday as concerns over public debt in Europe spread. The 16-nation euro has been buffeted by mounting concern about the debt loads being carried by several European countries using the shared currency, including Greece, Portugal and Spain. The dollar is [...] [...]
by Associated Press Published: February 2,2010
Tags: global economy, recession, stock markets, stocks and bonds
LONDON — European stock markets and Wall Street futures rose today as investor optimism remained buoyant following stronger than anticipated manufacturing surveys the previous day. The biggest mover across markets was the Australian dollar, which slumped after Australia’s central bank surprisingly kept interest rates on hold. In Europe, Germany’s DAX was up 23.41 points, or [...] [...]
by Associated Press Published: January 21,2010
Tags: global economy, recession, stocks and bonds
NEW YORK — The stock market slumped Wednesday on concerns that tighter lending standards in China will prolong an economic recovery. Disappointing earnings results from IBM Corp. and Morgan Stanley added to the market’s angst. At the same time, a spike in the dollar pushed commodity prices sharply lower, hurting stocks of energy companies and [...] [...]
by Associated Press Published: January 19,2010
Tags: debt, global economy, recession
BRUSSELS, Belgium — Could Greece drag down Europe? EU finance ministers are pressing their indebted and riot-prone Balkan member to embrace a massive austerity plan and plug its debilitating deficit. But with markets skeptical and the appetite for more bailouts at a low, there are deepening concerns that a Greek meltdown could deal a severe [...] [...]
by Associated Press Published: January 19,2010
Tags: air travel, airlines, bankruptcy, global economy, transportation, travel
TOKYO, Japan — Japan Airlines filed for one of the country’s largest bankruptcies ever Tuesday, entering a restructuring that will shrink Asia’s top carrier and its presence around the world. Staggering under a $25.6 billion debt mountain, the carrier applied for protection from creditors under the Corporate Rehabilitation Law — Japan’s version of Chapter 11 [...] [...]
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