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Iceland can’t afford to wait any longer for its International Monetary Fund review and the transfer of the second tranche of its IMF-led bailout loan, Prime Minister Johanna Sigurdardottir said.
“The review of Iceland’s program has been delayed for way too long,” Sigurdardottir said in an interview in the township of Gardabaer in Iceland […]
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South Korea’s government plans to increase spending 2.5 percent next year as it seeks to generate more jobs and boost support for lower-income earners.
Total expenditure will rise to 291.8 trillion won ($245.5 billion), the Ministry of Strategy and Finance said in its 2010 budget proposal statement today in Gwacheon. National debt will be […]
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Demand for U.S. durable goods unexpectedly fell in August and sales of new homes rose less than forecast, restraining the pace of the economic recovery.
Orders for goods made to last several years dropped 2.4 percent, the biggest decline since January, the Commerce Department said today in Washington. Consumer sentiment improved, a separate report […]
Chancellor of the Exchequer Alistair Darling said the spending cuts the U.K. Treasury will impose after the election must be “sensible” and “measured,” suggesting he’s reluctant to make major reductions.
“You have to be measured about it,” Darling said in an interview on Bloomberg Television yesterday. “You have to make sure you reduce your […]
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The Obama administration expects Congress will act this year to strengthen financial regulation and rein in executive pay, the Treasury Department’s liaison to Capitol Hill said.
Kim Wallace, assistant secretary for legislative affairs, said he expects lawmakers will agree on a financial regulation plan by the end of 2009. The administration wants better oversight […]
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U.K. home sellers raised asking prices in September as confidence in the property market improved and the supply of homes dwindled, Rightmove Plc said.
The average cost of a home increased 0.6 percent to 223,996 pounds ($364,000) after falling 2.2 percent in August, the owner of the U.K.’s biggest residential property Web site said […]
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Miner Anglo American is not about to request a “put up or shut up” order on Xstrata to make a formal bid or walk away, a source close to the company said on Sunday, denying a media report.
The source was responding to a report in the Observer weekly newspaper which said Anglo was set […]
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Japan’s Finance Minister Hirohisa Fujii said foreign-exchange rates should reflect economic fundamentals, two days after sending the yen higher by saying he didn’t support a “weak” currency.
“Foreign-exchange rates should be determined by the state of a nation’s economy, that’s what’s natural,” Fujii, who took office Sept. 16, told reporters in Tokyo. Asked about […]
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Ukraine’s economy, the most damaged in Europe by the global crisis, may take two years to recover even if the Cabinet succeeds in trimming the deficit, President Viktor Yushchenko said.
The former Soviet republic’s economy shrank an annual 20.3 percent in the first quarter after growing 6.3 percent in the same period just a […]
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The Swiss central bank may hold its key interest rate near zero and keep measures in place to fight the risk of deflation even as the economy shows signs of emerging from recession.
The Swiss National Bank, led by Jean-Pierre Roth, will leave the three-month Libor target at 0.25 percent at today’s quarterly monetary […]
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