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Economic News
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- US currency battle with China underscores global concerns
(AFP)21 March 2010, 3:58 am
AFP - Many of these economies, like the United States, have long complained that a weak Chinese yuan currency has been giving China an unfair trade advantage at their expense....
- China could report trade deficit in March
(Reuters)21 March 2010, 2:22 am
Reuters - China's trade balance could turn to a deficit in March, commerce minister Chen Deming said on Sunday, adding that adjustments to the yuan's value would not by itself resolve global trade imbalances.... - Obama tells Congress: Act soon on financial reform
(AP)20 March 2010, 10:32 pm
AP - The U.S. needs major changes to its financial system so consumers are better protected, banks fortified and the economy safeguarded from sliding into another Depression, President Barack Obama said Saturday.... - Black support high for Obama's race-neutral stance
(AP)20 March 2010, 9:46 pm
AP - In this banking center walloped by the Great Recession, where unemployment just hit a 20-year high and as many as one in three black people are out of work, blacks could easily be frustrated with President Barack Obama's insistence that a rising economic tide for all will lift African-American boats.... - Thousands rally against Putin, dozens detained
(Reuters)20 March 2010, 3:14 pm
Reuters - Russian police broke up an opposition demonstration in Moscow on Saturday, one of around 50 rallies across the country with thousands protesting falling living standards under Prime Minister Vladimir Putin.... - Bernanke: Keep Fed as watchdog of small US banks
(AP)20 March 2010, 2:34 pm
AP - Federal Reserve Chairman Ben Bernanke made a fresh pitch Saturday to retain oversight of small banks, contending that what the Fed learns from that role helps it assess the overall health of the entire U.S. financial system.... - Bernanke: Too big to fail a "pernicious" problem
(Reuters)20 March 2010, 2:00 pm
... - Which way, America, on healthcare bill vote?
(The Christian Science Monitor)20 March 2010, 1:39 pm
The Christian Science Monitor - Americans feel something seismic about to happen this weekend in Washington as Congress takes up a massive healthcare reform bill that will rejigger one-sixth of the US economy.... - Regulators shut 7 banks in 5 states; 37 in 2010
(AP)19 March 2010, 11:52 pm
AP - Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year.... - Fed must reveal data on loans to firms, court says
(AP)19 March 2010, 10:47 pm
AP - The Federal Reserve must reveal documents identifying financial companies that received Fed loans to survive the financial crisis, a federal appeals court ruled Friday.... - Rising dollar hits prices of many commodities
(AP)19 March 2010, 9:44 pm
AP - A rising dollar hit prices of many commodities Friday after concerns about the global economy pushed up demand for safe assets.... - Court orders Fed to release bailout documents
(Reuters)19 March 2010, 9:25 pm
Reuters - In a significant victory for news media, a federal appeals court said the Federal Reserve must disclose records on emergency lending programs to banks bailed out by the government in the financial crisis.... - The four cities that best weathered the recession
(AP)19 March 2010, 9:11 pm
AP - Call them the Final Four: The four large cities that have made it through the Great Recession with the smallest increases in unemployment.... - Boeing speeds production boosts on market outlook
(Reuters)19 March 2010, 6:11 pm
Reuters - Boeing Co said on Friday it will accelerate planned increases in production of two of its popular wide-body planes to accommodate heightened demand from airlines that had curbed orders in the last two years because of the economic crisis.... - US to host 2011 APEC trade talks in Montana
(AFP)19 March 2010, 5:47 pm
AFP - The United States said Friday it would host annual talks among trade ministers of 21 economies of the Asia-Pacific Economic Cooperation forum in the western state of Montana in May next year.... - Unemployment soars in U.S. metropolitan areas
(Reuters)19 March 2010, 5:25 pm
Reuters - Unemployment rates in 363 U.S. metropolitan areas rose in January, and 346 areas reported year-on-year declines in their number of jobs, the Labor Department said on Friday.... - Putin meets Clinton, complains on economy
(AFP)19 March 2010, 5:23 pm
AFP - Russian Prime Minister Vladimir Putin met US Secretary of State Hillary Clinton on Friday and used the occasion to bemoan Moscow's stalled WTO application and the state of bilateral trade.... - RI unemployment rate unchanged at 12.7 percent
(AP)19 March 2010, 3:39 pm
AP - The unemployment rate in Rhode Island held steady at 12.7 percent in February, and the number of state residents with jobs increaed by 1,600 from the month before.... - Economy drives families together under one roof
(Reuters)19 March 2010, 3:34 pm
Reuters - The recession slowed most homebuilding in the United States to a standstill but it has fueled demand for a special kind of housing: the granny flat.... - US Treasury moves against Gaza bank, TV station
(AP)19 March 2010, 2:41 pm
AP - The Treasury Department has taken action against a Gaza-based bank and television station for alleged ties to the militant Palestinian group Hamas....
