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Sat, 02/19/2011 - 15:11 by Anter Prakash Singh
The banking system came almost to a halt after banks in Ivory Coast failed to deliver cash to hundreds who have lined up outside to withdraw cash. The banks have cited liquidity and security problems which arose after the disputed No. 28 elections, last year.
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Fri, 12/31/2010 - 15:15 by Eben Esterhuizen
Coming off the rally stocks have seen in the latter half of 2010, hopes are high for 2011. But several dark clouds remain on the economic horizon, with the lingering housing crisis looming largest. Unlike most other industries, the sector has yet to stage anything resembling a recovery. And the light at the end of tunnel may be further off than anyone would care to admit.
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Wed, 12/22/2010 - 10:35 by Alex Dumortier
Central banking isn't all grim and sober. These are my top one-liners for 2010 from Fed Chairman Ben Bernanke, who really saved the best for last by delivering three of them during a single, exceptional set on CBS' 60 Minutes at the beginning of the month.
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Sat, 12/11/2010 - 23:06 by Prince damin
Brussels -- Estonian President Toomas Ilves said now is as good a time as any to join the eurozone, despite the economic region's debt crisis.
"I don't know if there is a good time or a bad time to join the euro, but it's quite clear that it is in our interest to join the eurozone," he said in an interview in Brussels, EUobserver reported Saturday.
"It will boost business confidence, investor confidence and also the well-being and confidence of our people," he said.
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Tue, 11/30/2010 - 11:45 by Rich Smith
"Don't catch a falling knife," as the old saw commands. (Pardon my mixing a cutlery metaphor.) The idea of buying a former superstar stock at a discount price certainly has its attractions, but you've got to make sure you catch the haft -- not the blade. That's where Motley Fool CAPS comes in. |
Wed, 11/17/2010 - 07:50 by Prince damin
New York -- Concerns over Europe's debt crisis spreading weighed on U.S. markets Tuesday as financial ministers discussed a possible bailout for Ireland.
Ireland denies an EU bailout will be needed but still does not know the depths of the problem within its banking system. An escalating crisis, meanwhile, "will have a contagion impact on the other eurozone economies," The New York Times quoted Portuguese Finance Minister Fernando Teixeira dos Santos as saying.
Stocks fell in Europe following a broad downturn in Asia. In Hong Kong, the Hang Seng index fell 1.39 percent. In China, the Shanghai composite index lost 3.98 percent.
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Wed, 11/17/2010 - 06:59 by Prince damin
New York -- Concerns over Europe's debt crisis spreading weighed on U.S. markets Tuesday morning as financial ministers discussed a possible bailout for Ireland.
Ireland denies a European Union bailout will be needed, but still does not know the depths of the problem within its banking system. An escalating crisis, meanwhile, "will have a contagion impact on the other euro zone economies," said Portuguese Finance Minister Fernando Teixeira dos Santos, The New York Times reported.
Stocks fell in midday trading in Europe following a broad downturn in Asia. In Hong Kong, the Hang Seng index fell 1.39 percent. In China, the Shanghai composite index lost 3.98 percent.
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Fri, 10/08/2010 - 10:15 by Prince damin
Leeds, England -- Large-scale crop failures like that which caused the recent Russian wheat crisis are likely to become more common with climate change, a British study shows.
However, researchers at the University of Leeds say improved farming and the development of new crops could lessen the worst impacts of these events on world agriculture, a university release said.
A summer of drought and wildfires dramatically hit harvests across Russia this year, leading the government to institute a ban on wheat exports. But the authors of the new study argue that adaptation to climate change is possible through a combination of new crops that are more tolerant to heat and water stress, and by changes in farming practices and investment.
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Wed, 09/08/2010 - 05:50 by Prince damin
Strasbourg, France -- European Commission President Jose Manuel Barroso said the European Union came through the financial meltdown, not unscathed, but intact.
\"Over the last year, the economic and financial crisis has put our Union before one of its greatest challenges ever," Barroso said in a speech in Strasbourg, France, the EUobserver reported Tuesday.
"I believe we have withstood the test," he said, adding, "Those who predicted the demise of the European Union were proved wrong."
Barroso also said, "Our work is not finished."
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Thu, 08/12/2010 - 15:55 by Jaspreet Virk
Foreclosure crisis doesn't seem to be loosening its hold on the housing sector. After declining for the last three consecutive months, foreclosure activity is back up in the United States.
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Thu, 06/17/2010 - 11:41 by Jamie Anderson
BP Plc knows that half measures will not work when it comes to responding to the crisis in the Gulf of Mexico.
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Thu, 06/10/2010 - 11:11 by Pankaj Damin
Washington -- The global economy is likely to grow 2.9 percent to 3.3 percent in 2010 and 2011 but Europe's debt crisis poses problems for global growth, the World Bank said.
In its latest Global Economic Prospects 2010, the bank said global economic recovery continues to advance "but Europe's debt crisis has created new hurdles on the road to sustainable medium term growth."
The report said after a growth of up to 3.3 percent this year and next, the GDP is expected to strengthen to between 3.2 percent and 3.5 percent in 2012, reversing the 2.1 percent decline in 2009.
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