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Economic Crisis
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All about Global Economic Crisis-news,articles,causes and effects
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Backgrounder: Developments of global financial crisis
ISTANBUL, Sept. 30 -- The International Monetary Fund (IMF) and World Bank annual meetings slated for Oct. 6-7 in the Turkish city of Istanbul will discuss key economic and financial issues on recovery from the worst global recession since the 1930s....
World Bank chief says economic crisis remaking global power relations
WASHINGTON, Sept. 28 -- World Bank President Robert B. Zoellick said on Monday that the global economic crisis is contributing to shifts in power relations in the world that will impact currency markets, monetary policy, trade relations and the role ...
Wall Street extends recent gains in early going
NEW YORK – Wall Street is extending its rally as investors wait for the release of readings on housing and construction.Stocks are trading higher early Monday ahead of the National Association of Realtors' pending home sales index and the Commerce ...
Business climate declines again in March
The Business Climate Indicator (BCI) for the euro area fell again in March, to its lowest level since January 1985.This points to another markedly negative outcome for year-on-year industrial production growth in February, after the record fall regis...
EU commits to help U.S. stem economic crisis Officials say they have put previous arguments about stimulus behind them
PRAGUE - The European Union said Sunday that it has joined forces with the United States to tackle a "severe and global" economic crisis.After a meeting Sunday with President Barack Obama, leaders of the European Union's 27 nations said they and the ...
Cash handouts not best way to stimulate economy: IMF
The International Monetary Fund (IMF) says cash bonus payments are not necessarily a very useful way to stimulate the economy.The Federal Government has spent just under $21 billion on cash handouts as part of its two economic stimulus packages.But t...
