100 days to clean up capitalism

Policy-makers pledged over the weekend to purge capitalism of the excess that caused the latest crisis in financial markets.
It is a tall order, […]

Weber Sees No Room for Rate Cuts as Inflation Soars

European Central Bank council member Axel Weber said he doesn't see any scope to cut interest rates with inflation running at the fastest pace […]

U.S. Initial Jobless Claims Fell to 357,000 Last Week

The number of Americans filing first-time claims for unemployment insurance last week fell the most since September 2005, while the total remaining on benefits […]

U.K. March Consumer Confidence Index Falls to Lowest Since 2004

U.K. consumer confidence fell to the lowest in almost four years in March as banks curtailed lending and the housing-market downturn worsened, Nationwide Building […]

Shirakawa Is Nominated to Lead Japan

Japanese Prime Minister Yasuo Fukuda nominated Masaaki Shirakawa to lead the central bank, seeking to end political gridlock that left the position unfilled for […]

Leaders call for urgent financial reforms

Centre-left leaders from around the world called on Saturday for urgent reform of global financial institutions to prevent a recurrence of the credit crisis.
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EU Ministers Say Credit Squeeze Hurts Growth, Urge Bank Action

European finance ministers said the global credit squeeze threatens to infect the economy and urged banks to reveal potential losses linked to subprime mortgages. […]

Ahern Saddles Successor Cowen With Slowing Economy

Irish Finance Minister Brian Cowen is poised to take over as prime minister after Bertie Ahern set a date for his departure yesterday. The […]

U.S. Factory Orders Probably Fell for Second Month in February

Orders to U.S. factories probably fell for a second month in February as companies scaled back investment plans on concern the economy is in […]