Topic: Buisiness and Economy

The new items published under this topic are as follows.

Articles: Greenspan reiterates stern deficit warning

Posted by admin on Friday, May 07, 2004 - 07:19 AM

	CHICAGO — Ballooning budget deficits, meager domestic savings and efforts to impede international trade are combining to threaten the nation's economy, Federal Reserve Chairman Alan Greenspan warned Thursday. Read full article: 'Greenspan reiterates stern deficit warning'

· 93 Reads ·

Articles: Pick-up in pay awards forced rate increase, says Bank

Posted by admin on Friday, May 07, 2004 - 12:35 AM

	The Bank of England pointed to a pick-up in pay increases as a justification for raising its main interest rate by a quarter point yesterday to 4.25 per cent - and again played down the significance of house prices in its decision. Read full article: 'Pick-up in pay awards forced rate increase, says Bank'

· 91 Reads ·

Articles: Budget Deficit Is Big Threat: Fed Chairman

Posted by admin on Friday, May 07, 2004 - 12:33 AM

	Federal Reserve Chairman Alan Greenspan rattled the stock market Thursday as he fretted about the long-term harm done by a swelling federal budget deficit. Read full article: 'Budget Deficit Is Big Threat: Fed Chairman'

· 99 Reads ·

Articles: Oil prices drip lower after gushing near 1990 highs

Posted by admin on Friday, May 07, 2004 - 12:31 AM

	NEW YORK : Crude oil prices flirted with a 1990 record of 40 dollars a barrel in New York but ultimately buckled as some speculators exited the market, analysts said. Read full article: 'Oil prices drip lower after gushing near 1990 highs'

· 94 Reads ·

Articles: Special relationship that made an IMF chief

Posted by admin on Wednesday, May 05, 2004 - 11:46 PM

	If the International Monetary Fund has sometimes looked in need of a firm hand on the tiller in recent months then its new managing director, Rodrigo Rato, has been a captain in search of a ship. For that reason alone, his appointment this week has a satisfying neatness to it. Read full article: 'Special relationship that made an IMF chief'

· 99 Reads ·

Articles: Oil futures near $40 per barrel

Posted by admin on Wednesday, May 05, 2004 - 11:40 PM

	SAN FRANCISCO (CBS.MW) -- Oil futures edged closer to $40 per barrel Wednesday, with most traders viewing the latest increases in petroleum inventories as inadequate to meet what some believe could be record energy demand this summer. Read full article: 'Oil futures near $40 per barrel'

· 98 Reads ·

Articles: RBS offer rewards US chiefs

Posted by admin on Wednesday, May 05, 2004 - 11:37 PM

	Directors and employees of Charter One Financial will share more than $1bn of the $10.5bn (£5.9bn) Royal Bank of Scotland has agreed to pay for the Cleveland-based retail bank. Read full article: 'RBS offer rewards US chiefs'

· 89 Reads ·

Articles: Microsoft's quarter hit by one-time charges

Posted by admin on Friday, April 23, 2004 - 06:24 AM

	Microsoft Corp., the world's largest software firm, reported weaker profits for its third quarter after Thursday's market close as the cost of expensing stock options and legal costs offset higher revenues. Read full article: 'Microsoft's quarter hit by one-time charges'

· 133 Reads ·

Articles: Durable Goods Orders Jump in March

Posted by admin on Friday, April 23, 2004 - 06:21 AM

	Orders to factories for costly manufactured goods, such as cars and machinery, rose by a strong 3.4 percent in March, fresh evidence that America's economic recovery is bounding ahead. Read full article: 'Durable Goods Orders Jump in March'

· 133 Reads ·

Articles: DaimlerChrysler Abandons Mitsubishi Motors Rescue; Shares Surge

Posted by admin on Friday, April 23, 2004 - 06:14 AM

	April 23 (Bloomberg) -- DaimlerChrysler AG, the world's fifth-biggest automaker, abandoned a $6.4 billion rescue of Mitsubishi Motors Corp. in a blow to Chief Executive Officer Juergen Schrempp's vision of a global carmaker. Read full article: 'DaimlerChrysler Abandons Mitsubishi Motors Rescue; Shares Surge'

· 137 Reads ·