| May 2, 2012
| 10:10 AM
Unemployment in the 17 countries that make up the euro zone was at a record high of 10.9% in March, according to a new report that likely has incumbents in Sunday’s elections breaking into a cold sweat.
The jobless rate is up from 10.8% in February...
| May 16, 2012
| 10:00 AM
Greek officials were busy today cobbling together an emergency plan after talks to form a coalition government disintegrated Tuesday. In the meantime, Greeks have withdrawn $900 million from local banks.
So said President Karolos Papoulias, according...
| May 30, 2012
| 8:28 AM
The European Union’s executive body is calling for a “banking union” to centralize efforts to deal with the region’s economic turmoil – especially in Spain, which is racked by high unemployment and severe debt.
| Jun 6, 2012
| 12:01 PM
The European Central Bank is keeping its benchmark interest rate steady at 1%, handing off the responsibility of righting the struggling Eurozone to its disparate governments.
Mario Draghi, the bank’s president, said Wednesday that although the...
| Sep 14, 2012
| 11:57 AM
Another sign of rising food prices, this one unrelated to corn costs: The price of sushi in New York City rose so much this year that its raw fish and rice is now more expensive than in Los Angeles.
The price of the Japanese cuisine gained an average...
| Jul 26, 2012
| 8:18 AM
Mario Draghi, president of the European Central Bank, pledged Thursday that the institution “is ready to do whatever it takes to preserve the euro,” sending financial markets soaring around the world.
The Dow jumped more than 250 points in...
| Apr 25, 2012
| 10:40 AM
The cost of food around the world is rising again, due to bad weather, soaring oil costs and strong demand in Asia for imports, according to the World Bank.
Global food prices soared 8% between December and March after dipping late last year from...
| Dec 30, 2012
The good news for the U.S. economy as we enter 2013 is that the election's over. The bad news is that the election's over.
What's good about it is that both parties in Washington can shed their preoccupation with the campaign theatrics that dominated...
| Dec 13, 2012
| 8:49 AM
Wholesale prices slipped 0.8% last month for the second straight month as gasoline prices plunged.
In its deepest dip since May, the Labor Department’s producer price index fell 0.8% in November after sliding 0.2% in October. The index rose 1.1%...
| Nov 15, 2012
| 10:21 AM
Consumer prices continued to rise in October as rents and the cost of food climbed even as gas came down from its recent peak, the government said.
Seasonally adjusted prices got a 0.1% boost in October from the previous month, according to the Labor...
| Oct 17, 2011
| 4:34 PM
Retail gasoline prices are on the rise again after five straight weeks of decline. The new increases are adding to the pain of historically high fuel costs for this time of year....