News Source: Khaleej Times
| 5 months ago
U.S. employers cut more jobs than expected in June, pushing the jobless rate to a 26-year peak of 9.5 percent, while unemployment in Europe in May rose to a 10-year high, Thursday's data showed, scuttling lingering hopes for a quick bounce. Since...
News Source: Merced Sun-Star
| 5 months ago
The European Central Bank left its benchmark interest rate unchanged at 1 percent, holding steady as it waits to see if a recent massive infusion of credit into the banking system will help loosen up lending to consumers and businesses in the euro...
News Source: Channel NewsAsia
| 5 months ago
Asia's recession appears to have touched bottom and the region is likely to be the first to climb out of the global economic slowdown, the Asian Development Bank's chief economist said Thursday. However, ADB's Lee Jong-Wha said it would be difficult...
News Source: Xinhuanet.com
| 5 months ago
Asian countries should continue to carry out expansionary fiscal and monetary policies to foster growth and it is not the time to discuss exit strategies, said chief economist of the Asian Development Bank (ADB) on Thursday. Asian economies...
News Source: Xinhuanet.com
| 5 months ago
Despite signs of the bottoming-out shown in the first half of this year, Asia's recovery from the global economic downturn will be mild and slow, a top economist of the Asian Development Bank (ADB) said. In a group interview with reporters...
News Source: Star Tribune
| 5 months ago
Asian stocks were mostly higher Thursday, but buying was restrained by caution ahead of a key U.S. jobs report that could shed light on the pace of recovery in the world's largest economy. Trading was lethargic and volumes thin throughout the region,...