Arcive of financial news
The Federal Reserve may be hesitant to raise interest rates ahead of the U.S. election in November, although there is no hard evidence to support the widely held view that politics influences monetary policy.
The Fed has raised rates in election years, as well as leaving them on hold or cutting. As a result, […]
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U.S. auto sales in June are expected to post a double-digit decline, dropping to a 15-year low as record gas prices killed the market for trucks and SUVs and made it impossible for many drivers to swap out for more fuel-efficient, new cars.
Major automakers, including Ford Motor Co (F.N: Quote, Profile, Research, Stock […]
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Chinese industrial companies' profits grew at half the pace of a year earlier on record oil and coal prices, increasing the likelihood that economic growth will continue to slow.
Combined net income rose 20.9 percent to 1.09 trillion yuan ($160 billion) through May, the statistics bureau said today. That was less than the 42.1 […]
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The Baltimore Sun will eliminate 100 positions in August through buyouts, layoffs and attrition.
Sun Publisher Tim Ryan announced the job cuts in an internal memo to the staff of the Baltimore Sun Media Group on Wednesday.
The announcement is the latest round of cuts at the daily newspaper, owned by Chicago's […]
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The clock is ticking, and the Legislature is moving forward with plans in hopes of resolving the state's $2 billion budget deficit before the fiscal year ends June 30.
The Arizona Senate and House of Representatives are finalizing separate budget plans that will need to be melded before going to Gov. Janet Napolitano. […]
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Hungary's central bank unexpectedly left its benchmark interest rate unchanged after the forint surged to the strongest in more than five years.
The Magyar Nemzeti Bank in Budapest left the two-week deposit rate at 8.5 percent, the second-highest level in the European Union after Romania. All 20 analysts in a Bloomberg survey expected the […]
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India's inflation accelerated to a 13-year high and economists forecast higher consumer prices in China after record crude oil forced both nations to increase the regulated cost of fuel.
India's wholesale prices jumped 11.05 percent in the week to June 7, the government said today, more than the median 9.79 percent increase in a […]
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KKHI-FM (branded as K-High 101.9) has been relaunched as a "smooth jazz" format station serving the Denver-Boulder area using the frequency of regional-Mexican music station KDGQ-FM.
Centennial-based KKHI is owned by Sacramento, Calif-based Bustos Media LLC, owner of about 25 radio stations and three TV outlets nationwide.
The signal will carry a […]
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The British government's economic- policy framework is facing its biggest challenge since the independence of the central bank a decade ago, Chancellor of the Exchequer Alistair Darling will say later this week.
Twin pressures stemming from the global credit squeeze and the spiraling cost of food and energy are forcing policy makers to consider […]
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The number of July home foreclosures in the Dallas-Fort Worth area rose 33 percent from a year ago but was down 2 percent from June.
Postings set for the upcoming auctions in July reached 3,747 in Dallas-Fort Worth, with notices in Dallas County numbering 1,651, up 22 percent from a year ago but […]
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