Finance news

Leading House lawmakers have introduced legislation abandon a centerpiece of former Gov. Sarah Palin’s administration: a state-sanctioned effort to advance a major natural gas pipeline.
The measure proposed Friday underscores the impatience and skepticism that many lawmakers have expressed with the current process and a belief the state is no closer than it was several years […]

Filed under: economics, marketing by Finance Boss
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I’ve been up to my elbows in tales about Canadians and consumer debt, thanks to reader reaction from our Lines of Credit Run Wild series. Stayed tuned for that follow-up story next week.
In the meantime, I have my own to share - along with some advice.
I first took out an unsecured line of credit […]

Filed under: economics, online by Finance Boss
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Most Asian stock markets rose in early trading Thursday, fueled by a higher finish on Wall Street and a successful bond auction in Portugal that eased worries about Europe’s debt crisis.
Japan’s Nikkei 225 stock average added 0.8 percent to 10,592.32. Automakers and high-tech companies climbed as a softer yen helped exporters.
Elsewhere, South Korea’s Kospi was […]

Filed under: News, economics by Finance Boss
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China’s government failed to draw enough demand at a bill sale for the second time in a month as seasonal demand for funds and higher reserve-requirement ratios left banks with less cash.
The finance ministry sold 16.76 billion yuan ($2.53 billion) of 91-day securities, falling short of the planned 20 billion yuan target, according to […]

Filed under: Loans, economics by Finance Boss
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China can’t raise interest rates because of the risk of attracting inflows of cash that would fuel inflation, said Wu Xiaoling, a former deputy governor of the central bank.
“The global low interest-rate environment prevents China’s central bank from raising interest rates,” Wu said in a speech at a hedge fund conference in Shanghai today. […]

Filed under: economics, term by Finance Boss
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Shoppers had retailers’ registers ringing in November, getting the holiday season off to a roaring start.
Retailers on Thursday reported revenue figures that topped expectations and showed the second-biggest monthly percentage gain in four years, according to one measure. The reports raise hopes spending might remain strong for the rest of the holiday season and help […]

Filed under: economics, term by Finance Boss
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Republican lawmakers in the U.S. House and Senate said they want to compel the Federal Reserve to focus solely on controlling inflation, upending a congressional mandate that’s shaped monetary policy for more than 30 years.
U.S. Representative Mike Pence, chairman of the House Republican Conference, said he plans to introduce a bill today requiring the […]

Filed under: economics, lenders by Finance Boss
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The economic recovery in the 16 countries that use the euro slowed in the third quarter of the year largely on the back of lower growth in Germany, Europe’s biggest economy, and an unexpected fall in output in the Netherlands, official figures showed Friday.
Eurostat, the EU’s statistics office, said that economic growth in the eurozone […]

Filed under: economics, legal by Finance Boss
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Houston saw a 6 percent drop in construction jobs between August 2009 and August 2010, according to a report released by the Associated General Contractors of America Monday.
The number of construction jobs in the Bayou City fell from 179,600 to 168,400 over the year, some 11,200 jobs. Those numbers put Houston at No. 208 in […]

Filed under: economics by Finance Boss
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Maui saw increases in the number of condominium and single-family homes sold in August when compared to the same month last year, but median prices for both were lower than they were a year ago, according to the Realtors Association of Maui.
There were 67 single-family homes sold in August, up from 53 in August 2009. […]

Filed under: economics by Finance Boss
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