Tuesday, 22 May 2012
News with tag Economic
Eurozone warned 'severe recession' looming
22.05.2012 16:28   0 views  0 comments
From: news.yahoo.com


A woman walks past a closed-down travel agency plastered with concert posters in Madrid Monday May 21, 2012. Spain's economy minister de Guindos said the Spanish economy, which has contracted by 0.3 percent in each of the past two quarters, will shrink by about the same amount in the second quarter of 2012. The forecast is for it to decline 1.7 percent for the year. Unemployment stands at a staggering 24.4 percent, and exceeds 50 percent for people under age 25.(AP Photo/Paul White)The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging down the global economy.


Czytaj więcej »

OECD warns risk of 'severe recession' in eurozone
22.05.2012 9:45   0 views  0 comments
From: news.yahoo.com


A woman walks past a closed-down travel agency plastered with concert posters in Madrid Monday May 21, 2012. Spain's economy minister de Guindos said the Spanish economy, which has contracted by 0.3 percent in each of the past two quarters, will shrink by about the same amount in the second quarter of 2012. The forecast is for it to decline 1.7 percent for the year. Unemployment stands at a staggering 24.4 percent, and exceeds 50 percent for people under age 25.(AP Photo/Paul White)The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to stop the slowdown spilling over into the global economy.


Czytaj więcej »

"Fiscal cliff" could derail U.S. recovery: OECD
22.05.2012 9:35   0 views  0 comments
From: news.yahoo.com


WASHINGTON (Reuters) - A sharp fiscal contraction next year could derail the U.S. economic recovery, the Organization for Economic Cooperation and Development warned on Tuesday as it urged the government to move only gradually to tighten its budget. A wave of U.S. spending cuts and tax hikes - dubbed the "fiscal cliff" - are set to take effect in January unless politicians agree on ways to delay at least some of them. Bush-era tax cuts and jobless benefits for the long-term unemployed are both set to expire. In addition, $1. ... Czytaj więcej »

Bank of America CEO "comfortable" with bank's investments
21.05.2012 23:44   0 views  0 comments
From: news.yahoo.com


Bank of America CEO Moynihan speaks during the Charlotte Chamber's Economic Outlook Conference(Reuters) - Bank of America Corp is "very comfortable" with the composition of its corporate investment portfolio, which is invested mostly in government-guaranteed mortgage bonds and U.S. Treasuries, Chief Executive Officer Brian Moynihan said at an investor conference on Monday. Moynihan was asked about the bank's investments following JPMorgan Chase & Co's disclosure this month that it lost at least $2 billion on a trading strategy by its Corporate Investment Office. ...


Czytaj więcej »

Older articles »
Sponsored ads

Copyright © 2008 - 2012 www.world-news.com.pl  - all rights reserved