Global Financial Crisis – International

On the edge of the Yellow Sea, bulldozers at Dalian’s sprawling new port plough the ground, paving the way for a second iron ore transport line. It will carry shipments of imported ore from China’s northeastern coast to steel mills in the interior. The air is dusty from mountains of black ore waiting to be…

A year after Lehman Brothers collapsed, a think tank has warned the lessons of the crisis have not been learned. The Institute for Public Policy Research (IPPR) says the rapid return to the City’s bonus culture shows that real reform has been “very limited”.

BERLIN – The global economic crisis isn’t over yet, despite positive signals from Europe’s biggest economies, the head of the International Monetary Fund (IMF) warned in comments published Saturday.

The financial markets are showing signs of normalising, with interbank money markets recovering to levels not seen since early 2008, the world’s biggest central bank body said Sunday.

HONG KONG—Financial institutions are leading a recovery in the Asian jobs market as the region emerges from recession more forcefully than expected, analysts say.

WASHINGTON, D.C.: A massive US stimulus plan has created up to 1.1 million jobs and is expected to lift the economy by three percentage points in the third quarter, the White House said Thursday. Following implementation of the nearly $800-billion plan early this year, “the trajectory of the economy changed materially toward moderating output decline…

WASHINGTON — The recession is ending and the economy is finally growing again. That’s the message implicit in the Federal Reserve’s latest survey of businesses around the country, which found economic activity stabilizing or improving in most regions.

REYKJAVIK, Iceland: US economist Joseph Stiglitz, winner of the 2001 Nobel Prize in economics, warned that the global economy could suffer a double dip, a pronounced rebound giving way to another slide.

MANILA, Philippines — As the global financial crisis continue to wreak havoc across the global, companies in Australia might lay off foreign migrant workers, including Filipinos, Australian Ambassador to the Philippines Rod Smith said.

Nobel Prize-winning economist Joseph Stiglitz has cast doubt on the strength of any US economic recovery, warning it may be hit by a “double-dip” recession.

LONDON – FINANCIAL markets are likely to remain buffeted by uncertainty over government policy despite an unprecedented pledge by the world’s top finance officials to cooperate as the global economy emerges from recession.

A year after Lehman collapse WASHINGTON, D.C.: A year ago, the financial system appeared to be on the brink of a meltdown and the future of American-style capitalism in doubt.

Mr Trichet (left) noted that central bankers from industrialised and emerging economies meeting at the Bank for International Settlements agreed that ‘we were observing a confirmation of some better indicators than previously anticipated.’

LONDON—British Prime Minister Gordon Brown will warn Saturday against withdrawing the massive stimulus measures launched to tackle the global credit crisis, saying it would be a “serious mistake”.

BERLIN: The global economy “appears to be emerging” from a steep slump and countries should plan to wind down stimulus efforts, according to International Monetary Fund chief Dominique Strauss-Kahn day.

Finance ministers from the world’s most powerful economies have agreed a series of measures to try to regulate the global banking system.

The severity of the global economic downturn was not anticipated by policymakers.

US Federal Reserve policymakers are increasingly confident the downturn in the US economy is ending, minutes from their latest meeting show.

The PC industry is coming out of the recession, the boss of the world’s biggest chipmaker has told the BBC.

BRUSSELS, Belgium (Reuters) — The euro zone jobless rate held unchanged at a three-and-a-half year high in July and producer prices were more subdued than expected in the same month, the European Union statistics office said.

The US manufacturing sector grew in August after 18 consecutive monthly declines, a survey from the Institute of Supply Management showed Tuesday.

WASHINGTON — Household income in the United States is essentially stagnant, raising doubts about whether consumers already hurt by job losses can sustain an economic recovery.

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The number of problem US banks rose to the highest level in 15 years between April and June, the industry’s regulator has revealed.

US President Barack Obama’s administration and a Congressional financial watchdog projected Tuesday swelling 10-year government budget deficits, posing key challenges to his ambitious health care reform and climate change plans.

Data suggest Europe, Asia improving; China leader cautions world economy faces ‘difficulties’

WASHINGTON — Turnabouts in European and Asian economies, along with recent gains in the US, are raising hopes that the worldwide recession is drawing to a close. That’s not to say the coast is clear.

WASHINGTON, D.C.: A comprehensive recovery strategy by US President Barack Obama’s administration has steered the world’s largest economy from the brink of collapse, his economic pointman said Thursday.

WASHINGTON (AP) — With the recession throwing thousands of people out of work daily, more than 13 percent of American homeowners with a mortgage have fallen behind on their payments or are in foreclosure.

WASHINGTON (AP)- The job market is thawing at a snail’s pace, raising doubts about whether consumer spending will become vigorous enough to sustain an economic recovery anytime soon.