March 2nd, 2010
Indonesia’s inflation held near the fastest pace since May 2009 amid rising commodity and food prices, putting pressure on the central bank to raise interest rates this year.
The consumer price index rose 3.81 percent in February from a year earlier, the central statistics agency said in Jakarta today. That compares with the 3.97 […]
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February 6th, 2010
Toyota drivers are feeling mounting confusion and frustration as they attempt to fix their recalled cars. And Toyota dealers are under the gun as they face sometimes angry customers.
"It’s just getting crazy," said Andy Phillips who heads the service department at Sandy Springs Toyota in Georgia. "Well, you know. I’m tired, the phones are […]
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January 21st, 2010
The new year has barely begun and already one of 2010s most important analyses of economics has appeared.
It’s John Cassidy’s rather brave confrontation with the so-called "Chicago School" of neo-con economists, whose free-market doctrines laid the groundwork for the epic global financial crisis we’ve just endured.
We have paid a heavy price for the […]
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January 11th, 2010
The U.S. auto industry has been decimated in recent years by a rash of plant closings. But according to a survey of top industry executives, more shutdowns could be on the way.
The survey, conducted annually by accounting firm KPMG, found that 88% of top industry executives thought there is still too much capacity at […]
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December 4th, 2009
He is Tiger Inc. Hear him roar.
Multi-million dollar contracts. An estimated $100 million (U.S.) in endorsements per year. More than $92 million from PGA career tournament winings. Ballooning PGA ticket sales and TV viewership levels.
Tiger Woods was, until now at least, a thoroughly unpolarizing sponge for corporate money who, according to Forbes magazine, […]
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November 13th, 2009
The head of the International Monetary Fund said on Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession.
IMF managing director Dominique Strauss-Kahn said that capital flows to emerging markets reflected the positive outlook for those economies but warned that they […]
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November 12th, 2009
Treasury Secretary Timothy Geithner said on Wednesday he believes strongly in the need to maintain a strong dollar and said the United States was determined to get its budget deficit down.
The dollar’s decline has been a source of concern in the export-heavy region, especially since top exporter China keeps its currency’s value closely managed […]
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October 15th, 2009
Mortgage applications in the U.S. fell last week from the highest level in four months as borrowing costs increased.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan declined by 1.8 percent to 742.9 in the week ended Oct. 9 from 756.3 a week earlier. The group’s gauge […]
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October 7th, 2009
Gold’s rally this year to a record shows commodity investors remain concerned that the U.S. economic recovery will spur inflation, even as Wall Street forecasts and government bonds suggest stable prices.
Bullion has jumped 18 percent this year, heading for a ninth straight annual gain, after futures touched a record $1,045 an ounce yesterday […]
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October 2nd, 2009
Hong Kong Monetary Authority Chief Executive Norman Chan said he will maintain the city’s fixed exchange rate, after the central bank intervened under his watch for the first time to stop the Hong Kong dollar gaining.
Chan, who began work as the head of the HKMA today, said his first task was “to keep […]
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