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Economy News

Greece Gets EU Support, but Strikes Continue

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b2b news - On Monday, as Greek officials expressed relief at European support over the country's debt crisis, labor unions stepped up strikes because of the recent wage cuts and sales tax increases.

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Singapore Expects 2010 GDP to increase up to 6.5%

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b2b news - Singapore's forecast for 2010 GDP has been raised and they now expects the city-state's economy to grow as much as 6.5% after contracting last year.

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Rise in Consumer Prices

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b2b news - In January, consumer prices rose less than expected while, for the first time since 1982, prices excluding food and energy fell, supporting the Federal Reserve's contention it would keep its benchmark interest rate low for an "extended period."

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Foreclosure Crisis Dying Down?

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b2b news - Is the foreclosure crisis is beginning to die down? Well, the number of borrowers falling behind on their mortgage payments dropped sharply at the end of last year, so that could be a sign.
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Beijing's Treasury Holdings Down

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b2b news - A decline in China's declared holdings of U.S. Treasury bills comes as it is trying to diversify its foreign assets. But analysts say Washington's debt still remains the only asset big enough to absorb the trade-fueled flood of cash Beijing needs to invest, and it might be adding to its hoard with secret purchases through banks abroad.

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1,400 jobs to cut for Health insurer Humana

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b2b news - In order to save money and adjust to smaller enrollment, health insurer Humana says it will cut about 1,400 jobs.
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Financial Times and Stock Exchange Down Due to Greek Debt

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b2b news - On Friday, the London stock market closed lower as recovery stalled in the eurozone and the Greek debt saga weighed on the markets.

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New Year Retail Starts Strong

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b2b news - The year was opened with a bigger-than-expected bounce with US retail sales, official data showed Friday in a report suggesting recovery from recession is gaining momentum.

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