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Treasury chief warns of new world if U.S. defaults on any bills
ReutersBy Anna Yukhananov WASHINGTON, April 25 (Reuters) - The United States might run into trouble accessing debt markets if it defaulted on any of its financial obligations, even if it were able to keep up payments on government bonds, Treasury Secretary Jack...Tags: Budget Control Act of 2011, U.S. Congress, Economy, Business and Finance, Politics, Government
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COLUMN-Be careful fishing for bargain stocks in southern Europe
ReutersBy Conrad de Aenlle LONG BEACH, Calif., April 25 (Reuters) - Economic turmoil in Spain, Portugal and other southern European countries has depressed their stock markets to the point where they look downright cheap. But the favorable price-earnings ratios...Tags: Spain, Earnings, Personal Service, Wells Fargo & Co., Portugal
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Latest Indiana news, sports, business and entertainment
SCHOOL VOUCHERS Deal close on allowing Indiana voucher expansion INDIANAPOLIS (AP) — Indiana Statehouse negotiators appear close to agreeing on expanding the state's private school voucher program by making children who would attend poorly...Tags: Auto Racing, Indiana Legislature, Manufacturing and Engineering, Politics, Government
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IMF, ECB square off in Europe austerity debate
ReutersBy Marc Jones and Huw Jones LONDON, April 25 (Reuters) - A heated debate about Europe's austerity drive flared back into life on Thursday with leading IMF and European Central Bank officials sharply at odds and Angela Merkel declaring that Germany...Tags: Economic Policy, Germany, Financial Markets, Market and Exchange, Economy, Business and Finance
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University of Indianapolis to end program in Greece amid country's economic turmoil
INDIANAPOLIS (AP) — Economic turmoil in Greece has forced the University of Indianapolis to close its undergraduate program in Athens. WISH-TV reports (http://bit.ly/ZNfXXB ) the university announced Wednesday it was no longer accepting students to...Tags: Bonds, Education, Saudi Arabia, Colleges and Universities
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UK to learn if it has entered "triple-dip" recession
Reuters* UK releases preliminary estimate of Q1 GDP at 0830 GMT * Economists estimate GDP grew just 0.1 pct after Q4 drop * IMF urging rethink on pace of deficit reduction By David Milliken LONDON, April 25 (Reuters) - Britain finds out on Thursday if its...Tags: Gross Domestic Product, United Kingdom, Global Expansion, Economy, Business and Finance, Politics
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Syria lets pound float to save foreign reserves
Reuters* Analysts say reserves may have fallen to $4 bln from $18 bln * Central bank chief governor says figure is higher * Syrian pound now largely being left to trade freely * Authorities hope to bring dollar supply, demand into balance * Financial aid...Tags: Executive Branch, Unrest, Conflicts and War, Economy, Business and Finance, Politics, Government
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U.S. supports IMF loan for Egypt to stabilize economy
ReutersWASHINGTON, April 24 (Reuters) - U.S. Treasury Secretary Jacob Lew on Wednesday expressed U.S. support for an international loan for Egypt to help stabilize the country's economy, and said the International Monetary Fund was still engaged in discussions...Tags: U.S. House of Representatives, Egypt, International Organizations, Politics
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Investors warm to Slovenia debt despite bailout risks
Reuters* Rise in Slovenian bond yields lures investors * Bill auction buys Slovenia time, bailout still on cards * Reform plans, bond issuance next crunch point for Slovenia By Ana Nicolaci da Costa and Marius Zaharia LONDON, April 24 (Reuters) - The risk...Tags: Cyprus, European Debt Crisis, Market and Exchange, Economy, Business and Finance, European Union
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U.S. Treasury's Lew presses Congress on IMF funding
ReutersWASHINGTON, April 24 (Reuters) - U.S. Treasury Secretary Jack Lew on Wednesday urged Congress to permanently boost U.S. funding for the International Monetary Fund, saying it is in Washington's interest to maintain its influence in the global lender. The...Tags: G20, U.S. Congress, Economy, Business and Finance, Politics, Kay Granger
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Analysis: Argentina plugs economic holes ahead of October vote
ReutersBUENOS AIRES (Reuters) - At a new market in a tough suburb of Buenos Aires, an Argentine flag emblazoned with a giant shopping cart advertises cheap prices for everything from sausages to detergent. The so-called "Argentine Market" was organized by pro-...Tags: U.S. Congress, Inflation and Deflation, Economy, Business and Finance, Demonstration, Politics
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U.S. defence chief reaffirms military ties with Egypt
ReutersBy David Alexander CAIRO, April 24 (Reuters) - U.S. Defense Secretary Chuck Hagel underscored Washington's military commitment to Egypt on Wednesday and pledged American support as Egyptian forces evolve to address new and shifting security threats, U.S....Tags: U.S. Military, Egypt, U.S. Congress, Treaties, Unrest, Conflicts and War
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