Euro Watch: Euro Zone Unemployment Rose to New Record in February
PARIS — The unemployment rate in the euro zone edged up in January to a new record, official data showed Friday, as the ailing European economy continued to weigh on the job market. Unemployment in...
View ArticleAustralian Central Bank Hit by Cyberattack
The central bank, the Reserve Bank of Australia, was responding to a report in a newspaper, The Australian Financial Review, that said the central bank had been repeatedly and successfully hacked and...
View ArticleClik here to view.
You’re the Boss Blog: An Owner Rethinks How He Spends His Marketing Dollars
On Social Media Generating revenue along with the buzz. Back in January, Jeff Chinman, president of Broadway Kitchens and Baths, which remodels kitchens and bathrooms in Manhattan, Northern New...
View ArticleClik here to view.
Economix Blog: The Impact (if Any) of the Fed’s Dual Mandate
Eric Rosengren, the president of the Federal Reserve Bank of Boston, made a compelling case on Friday morning that the Fed’s dual mandate doesn’t really matter. That was not the point of Mr....
View ArticleItaly Orders Seizure of $2.35 Billion in Siena Bank Inquiry
The unusual move to seize such a large sum, and go after prominent bankers, underlined the importance of the case in Italy and the euro zone, where it has contributed to jitters about the country’s...
View ArticleEuropean Deficits Are Down; National Debt Is Up
PARIS — An austerity push in Europe helped to reduce government budget deficits in 2012 for a fourth consecutive year, official data showed on Monday, but in relation to gross domestic product,...
View ArticleJapan Expects to Meet Inflation Target by 2015, but Skeptics Abound
HONG KONG — Deflation remains firmly entrenched in Japan, figures showed on Friday, despite optimistic forecasts from the country’s central bank, highlighting that there are no quick fixes for one of...
View ArticleAnheuser-Busch InBev Reports a Small Profit Increase
Core profit, or earnings before interest, taxes, depreciation and amortization, rose 0.9 percent to $3.43 billion, but was below even the lowest forecast in a Reuters poll of brokers. Anheuser-Busch...
View ArticleKurtz Leaves Daily Beast After Column Is Retracted
Tina Brown, the editor in chief, said in a Twitter post that Mr. Kurtz had “parted company” with the two online news sites. She did not give a reason, but the announcement came as Mr. Kurtz has been...
View ArticleGoogle Glass Picks Up Early Signal: Keep Out
But the resistance is already under way. The glasseslike device, which allows users to access the Internet, take photos and film short snippets, has been pre-emptively banned by a Seattle bar. Large...
View ArticleChina to Investigate European Wines After Solar Panel Tariffs
HONG KONG — China’s nouveaux riches millionaires, wealthy princelings and bribing business executives may soon find their wallets a little thinner: The price for French Champagnes and Burgundies,...
View ArticleChina to Investigate European Wine in Wake of Solar Panel Tariffs
HONG KONG — China’s nouveau riche millionaires, wealthy princelings and bribing business executives may soon find their wallets a little thinner: The price for French Champagnes and Burgundies, Italian...
View ArticleSpecial Report: Aviation: Russia Returns to Form at Paris Air Show
Paris — Russia has had a long but not always happy relationship with the Paris Air Show. Soviet, and then Russian, aircraft have participated in every show since 1957, but at Le Bourget in 1973, the...
View ArticleEconomic Scene: Making the Case for a Rise in Inflation
So I understand Paul Volcker’s impatience with those tempted to let inflation rip — at least a little bit — to spur economic growth. “The implicit assumption behind that siren call must be that the...
View ArticleIreland in Recession as Bailout Exit Approaches
Gross domestic product shrank 0.6 percent in the first quarter of this year from the previous three months, confounding analysts’ expectations of 0.3 percent growth – a shock reading that shows the...
View ArticleCommon Sense: Fair Play Measured in Slivers of a Second
Two seconds may not seem like much, but for high-speed traders with supercomputers, it’s plenty. The difference was arresting. On Friday, just 500 shares of a leading Standard Poor’s 500...
View ArticleInflation Shows Signs of Stability After Downward Drift
While inflation remains benign, the increase last month should help ease worries among some Fed officials that price pressures in the economy were too low. “Inflation is carving out a bottom. We are...
View ArticleNo Clarity From Fed on Stimulus, Upsetting Wall St.
The confusion over exactly when the Federal Reserve will begin scaling back its huge economic stimulus efforts only deepened Wednesday, with the release of a summary of the deliberations at the central...
View ArticleLuxury Brands Face Hazards When Testing Lower Costs
Apple on Tuesday will introduce two iPhones, including a new lower-cost model targeted at overseas countries where expensive smartphones are out of reach for many consumers. The addition of a cheaper...
View ArticleHurdles Still High for a New Front-Runner
The first would be to win confirmation from the Senate — an obstacle that doomed the previous front-runner for the job, Lawrence H. Summers. While Ms. Yellen faces much less potential opposition than...
View Article
