By Mike Caggeso Associate Editor Money Morning While the global economy dominated talks at London’s G-20 summit, European Central Bank President Jean-Claude Trichet continued lowering interest rates today (Thursday), but said one of those rates has probably reached the floor. The ECB’s Governing Council lowered the bank’s benchmark interest rate 25 basis points to 1.25% […]
Archives for April 2009
April 2009 - Page 11 of 11 - Money Morning - Only the News You Can Profit From
Chile: The One Country That Was Prepared for the Financial Crisis
By Martin Hutchinson Contributing Editor Money Morning Chilean President Michelle Bachelet rebuked British Prime Minister Gordon Brown last weekend, saying the British economy would have more room for fiscal stimulus now if he had pursued responsible budget policies previously, as Chile has. It makes you sit up and take notice when you see a Latin […]
Seven Points to Consider as You Prepare Your Income Tax Return for the April 15 Filing Deadline
It's April again, a month that brings with it thoughts of April Fool's Day, the Easter holiday, the Masters Tournament in golf, and the Boston Marathon. But let's face it, ask just about anyone what the word "April" means to them, and the most frequent answer is almost certain something like: "It's the deadline for […]
Global Investment News Briefs
U.S. Pending Home Sales Up 2.1%; India Exports Plunge 21.7%; U.S. Manufacturing Gains Traction; Nigerian Market Down 37% This Year; KMPG Sued for $1 Billion; Carmakers' Incentives Help Sales in March; Macy's Debt Downgraded to Junk; Billion-Dollar Hedge Funds Drop 40% Pending sales of U.S. homes increased 2.1% from January to February, nearly doubling the […]
Record U.S. Job Losses in March, Unemployment Highs In Europe
By Mike Caggeso Associate Editor Money Morning The U.S. private sector cut a record 742,000 jobs in March, higher than analysts' expectations and a leap from the upwardly revised 706,000 jobs cut in February, according to a report from ADP Employer Services. The report is based on data from about 400,000 businesses with an estimated […]
Will the Dark Cloud of Commercial Real Estate Blot Out the U.S. Recovery?
[Editor's Note: This is the first of a two-part look at how the U.S. real estate market will affect the nation's economic recovery. Today's focus: Commercial real estate. Next week: The residential rebound.] By William Patalon III Executive Editor Money Morning/The Money Map Report Stock prices have rallied for much of last month. The housing […]
China Continues to Expand its Economic Clout by Challenging the Dollar’s Dominance Ahead of the G20 Summit
By Jason Simpkins Managing Editor Money Morning China has been more vocal than ever ahead of tomorrow's (Thursday's) Group 20 financial summit, a development that highlights the nation's dissatisfaction with the dollar, as well as its growing political and economic influence on the world stage. After questioning the dollar's viability as the world's main reserve […]
Global Investment News Briefs
Consumer Confidence Hovers Near Low; Peru Stock Market Turns a 180; Air Canada Changes Direction; Barclay's Holding iShares Sale Talks; Mexico Wants $40 Billion from IMF; Second Chicago Paper Goes Bust; Private Equity Firms May Invest in "Toxic" Assets; Google Forms Venture Capital Arm U.S. consumer confidence, as measured by the Conference Board's sentiment index, […]