While you were sleeping: Weak US retail sales

Article – BusinessDesk

Feb. 15 (BusinessDesk) – Disappointing US retail sales in January weighed on stock markets on both sides of the Atlantic as investors await tomorrow’s deadline for the European Union’s verdict on Greece’s effort to secure a second bailout. Read more »

While you were sleeping: Greek hopes kept alive

Article – BusinessDesk

Feb. 14 (BusinessDesk) – Investors breathed a sigh of relief when Greek lawmakers approved austerity measures that might finally gain the credit-crunched country approval from officials at the European Union, International Monetary Fund and the European … Read more »

While you were sleeping: Greeks agree

Article – BusinessDesk

Feb. 10 (BusinessDesk) – Shares in Europe and on Wall Street advanced as Greek leaders finally agreed on reforms and austerity measures needed to secure a new rescue package to avoid default on its debt payments. Read more »

While you were sleeping: In Greek limbo

Article – BusinessDesk

Feb. 9 (BusinessDesk) – Stock markets on both sides of the Atlantic were weaker as investors feared another day might go by without an agreement that will secure Greece the financial rescue it needs to avoid collapse. Read more »

While you were sleeping: Markets pause on Greece

Article – BusinessDesk

Feb. 8 (BusinessDesk) – Shares in Europe closed flat and US stocks were edging higher on hopes that Greek political leaders will agree on the terms needed to secure fresh bailout funds. Read more »

While you were sleeping: Greece frustrates

Article – BusinessDesk

Feb. 7 (BusinessDesk) – European Union leaders and investors alike grew ever more impatient with Greece’s dillydallying on finalising agreements on the nation’s debt reform measures needed to secure another bailout to prevent default. Read more »

World Week Ahead: Policy makers centre stage

Article – BusinessDesk

Feb. 6 (BusinessDesk) – After a stunning end to last week with a US jobs report that surpassed everyone’s forecasts, it’s hard to remain gloomy as the strong start of 2012 has taken many investors and analysts by surprise. Wall Street posted yet another … Read more »

While you were sleeping: Resting on January laurels

Article – BusinessDesk

Feb. 3 (BusinessDesk) – It’s been a great start to the year and investors found little reason to change much today, ahead of January’s US jobs report due tomorrow. Read more »

While you were sleeping: Global manufacturing boost

Article – BusinessDesk

Feb. 2 (BusinessDesk) – Manufacturing numbers from the US, China and Germany bettered expectations, renewing optimism for the global economic outlook and encouraging investors to take on risk. Read more »

While you were sleeping: Disappointment on Wall Street

Article – BusinessDesk

Feb. 1 (BusinessDesk) – Wall Street declined after reports on house prices, consumer confidence and business activity missed the mark, as did earnings by Exxon Mobil. Read more »

While you were sleeping: EU wariness renewed

Article – BusinessDesk

Jan. 31 (BusinessDesk) – Equities dropped amid concern about the glacial pace of progress in resolving Europe’s debt crisis as there’s still no agreement on a Greek debt swap, and bond yields in Portugal soared. Read more »

While you were sleeping: US housing hits speed bump

Article – BusinessDesk

Jan. 27 (BusinessDesk) – Disappointing data on American home sales spoiled the party on Wall Street after an earlier report of better-than-expected orders for durable manufactured goods. Read more »

While you were sleeping: Fed on long-term pause

Article – BusinessDesk

Jan. 26 (BusinessDesk) – Underpinning today’s mixed bag of American corporate results, the Federal Reserve said it will keep interest rates low until at least late into 2014 as the world’s largest economy still needs plenty of help. Read more »

While you were sleeping: IMF cuts growth outlook

Article – BusinessDesk

Jan. 25 (BusinessDesk) – Equities dropped after the International Monetary Fund slashed its forecast for global economic growth and European Union finance ministers rejected a debt swap deal between Greece and its private bondholders, saying the latter needed … Read more »

While you were sleeping: Focus on euro meeting

Article – BusinessDesk

Jan. 24 (BusinessDesk) – The euro advanced to its highest in three weeks as European Union officials met for further discussions on a new fiscal pact as well as Greece’s negotiations with its private creditors. Read more »

World Week Ahead: Euro talks, US earnings

Article – BusinessDesk

Jan. 23 (BusinessDesk) – A slew of US earnings and meetings of Federal Reserve policymakers as well as European Union finance ministers will help set the mood in coming days. Read more »

While you were sleeping: US banks deliver

Article – BusinessDesk

Jan. 20 (BusinessDesk) – Better-than-expected results from more US banks and solid demand for French and Spanish debt underpinned expectations that the outlook for growth in the global economy and corporate profits is improving. Read more »

While you were sleeping: Goldman Sachs, IMF surprise

Article – BusinessDesk

Jan. 19 (BusinessDesk) – Stocks on Wall Street advanced after Goldman Sachs Group’s earnings bettered expectations and the International Monetary Fund said it’s considering shoring up its lending capacity to propel the global economy. Read more »

While you were sleeping: Hopes on Chinese engine

Article – BusinessDesk

Jan. 18 (BusinessDesk) – Stocks in Europe and on Wall Street advanced amid expectations that Chinese policy makers will aim to accelerate growth in the world’s second-largest economy. Read more »

While you were sleeping: French borrowing costs fall

Article – BusinessDesk

Jan. 17 (BusinessDesk) – Stocks and bonds in Europe gained, while the euro continued its slide, following Standard & Poor’s downgrade to credit ratings of France and several other euro-zone countries on Friday. Read more »

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