Posts Tagged ‘year’

UCLA Anderson Forecast: National Outlook Improves as Fed Goes All-In; California Continues a Slow Growth Recovery

LOS ANGELES–(BUSINESS WIRE)–In its fourth quarterly report of 2010, the UCLA Anderson Forecast calls for “modest growth and distressingly high unemployment” for most of 2011, with an acceleration of growth late next year that will gradually lower the unemployment rate. The California forecast reads similarly, with slow growth expected until the end of next year. [...]

African banks curb bond trend

African central banks are pushing lenders to cut purchases of government bonds and instead lend more to local companies. ||| African central banks are pushing lenders to cut purchases of government bonds and instead lend more to local companies that are key to creating a functioning commercial economy. Borrowing costs in some of sub-Saharan Africa’s [...]

Europe and development aid: Waylaid

Exuberant promises to raise aid spending are unlikely to be fulfilled THERE is a lot of financial aid sloshing around inside the European Union. But there will soon be less of it flowing out. At the G8 summit in Gleneagles in 2005, when the rich world made heroic pledges to tackle poverty in Africa, EU [...]

States face $41 billion in budget gaps

The nation’s battered state governments face a collective $41 billion budget gap next fiscal year, a survey released Wednesday found. View full post on All Stories

Unemployment Benefits Expire Tuesday

Kris Alingod – AHN News Contributor Washington, DC, United States (AHN) – Two million Americans are set to lose their insurance after jobless claims expire on Tuesday. Lawmakers returned from their Thanksgiving break on Monday without voting on extending them. About 800,000 workers who have been searching for jobs for at least six months will [...]

United Refining Company Reports Fiscal 2010 Year End Results

WARREN, Pa., Nov. 30, 2010 /PRNewswire/ — United Refining Company, a leading regional refiner and marketer of petroleum products reported results for the Company’s fiscal year ended August 31, 2010. Net sales for the year ended August 31, 2010 and August 31, 2009 were $2.7 billion and $2.4 billion View full post on All Stories

Britain is back on track, says George Osborne

Chancellor seizes on Office for Budget Responsibility forecasts to say government will stick to the course he set out in June budget George Osborne said that Britain was “back on track” today after hailing his fiscal watchdog’s report as proof that the government’s plan to take the UK out of the financial danger zone and [...]

UK economy ‘on the mend’

– Andrew Sparrow with all today’s political news, including George Osborne’s ‘autumn statement’ on the state of the UK economy – Read Andrew Sparrow’s lunchtime summary 4.19pm: Edward Leigh, a Conservative, says public spending is still going up, despite “these so-called cuts”. There should be more efficiency savings, he says. Osborne says there has to [...]

Asia stocks slip on profit taking.

The U.S. dollar steadied on Friday, as traders girded for a break above tough chart obstacles on Europe’s fiscal problems, while the looming year end kept many equity investors eager to take profits, weighing on Asian stock markets. View full post on All Stories

Portugal, Spain hit by fears over debt

Portuguese and Spanish borrowing costs have risen to near record highs as investors worried that the governments’ debt loads will prove unsustainable, putting them next in line for a European bailout, and as a public sector strike hit Portugal. ||| Portuguese and Spanish borrowing costs have risen to near record highs as investors worried that [...]

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