From the banking crisis in Ireland the euro has survived a string of disasters to the real estate collapse in Spain as well as nonstop economic chaos in Greece. But now the common European currency faces an even greater threat, and unable to overcome democracy.
Quite simply, there is no longer a substantial majority willing to [...]
As Facebook prepares to file its IPO documents with the U.S. Securities and Exchange Commission — as soon as Wednesday, according to recent reports — the company is trying to make the argument that it adds more to the economy than a convenient way to waste time at work.
Speaking at the World Economic Forum in [...]
TORONTO—The Canadian dollar reached its highest level against its U.S. counterpart in nearly three months on Thursday after new U.S. jobless data and Wednesday’s move by the Federal Reserve to keep rates low signaled the U.S. economic recovery may be faltering.
The loonie rose 0.21 of a cent to 99.86 cents US after going as high [...]
Google reported fourth-quarter revenue and profit that missed analysts’ estimates as an economic slowdown in Europe crimped international sales.
Sales excluding revenue passed on to partner sites were $8.13 billion, Google said on its website. That compared with the $8.41 billion average estimate of analysts. Profit before certain costs was $9.50 per share, missing the $10.50 [...]
The U.S. auto industry is revving its engine heading into the new year. The three largest domestic carmakers posted strong gains to close out 2011 in another sign that the U.S. economy is coming back to life following the Great Recession. Chrysler led the pack, reporting a 26% jump in sales highlighted by its best [...]
It has been another tough year for many small businesses. One in four, according to the National Federation of Independent Business, believes the biggest problem is weak sales. No matter what other challenges they face, said William Dunkelberg, the federation’s chief economist, “the key to everything is cash coming in the front door.”
Here are the [...]
Australia’s economy grew more than expected in the third quarter of 2011, driven by building and mining activity.
Gross domestic product (GDP) rose by 2.5% between July and September compared to the same period last year, the statistical bureau said.
Analysts were expecting an increase of 2.1%. The Australian dollar rose slightly on the news.
On Tuesday Australia’s [...]
(LONDON) — Global stocks advanced Monday as further proposals to get a grip on Europe’s debt crisis were touted amid signs that the U.S. Christmas shopping season has started off strongly.
The advance came despite denials that the International Monetary Fund was readying a euro600 billion ($794 billion) rescue package for Italy and that the eurozone’s [...]
