Lending News
Opening stocks off Thursday after Wednesday’s 490-point gain
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks slipped on the open Thursday following a strong broad based rally on Wednesday that sent the Dow soaring 490 points. In addition to profit taking, weighing on the markets were comments by European Central Bank President Mario Draghi that warned [...]
Shorter heels for women may mean the economy is heading higher
Diane Alter – AHN News Reporter NYC, NY, United States (AHN) – What goes up come down. Just look at the roller-coaster rides of global stock markets. It appears the same gyration occurs in women’s shoes, and it just may point to a recovering economy, according to a press release from a consumer expert with [...]
New Greek PM gets confidence vote
Vittorio Hernandez – AHN News Athens, Greece (AHN) – On a 255-38 vote, new Greek Prime Minister Lucas Papademos was confirmed on Wednesday by the country’s Parliament. Now armed with a mandate, Papademos could proceed to finalize the 2012 budget and secure a bailout for Greece to avert a default and economic collapse. However, the [...]
Mario Monti is new Italian PM
Vittorio Hernandez – AHN News Rome, Italy (AHN) – Former European Union (EU) Commissioner Mario Monti is the new prime minister of Italy, replacing outgoing Prime Minister Silvio Berlusconi, Italian President Giorgio Napolitano announced on Sunday. Monti, who was asked to form a new government, accepted the mandate. His first task is to form a [...]
France planning Eurozone breakaway
Vittorio Hernandez – AHN News Paris, France (AHN) – The current European Union is under threat no longer just from the debt contagion caused by weaker members, but also by plans of more prosperous members to form a breakaway group. Reports add to the growing speculation that following the instability created by the political situation [...]
Greek opposition seeks Papandreou’s ouster
Vittorio Hernandez – AHN News Athens, Greece (AHN) – Greek Prime Minister George Papandreou’s political career is at stake following his controversial plan to submit the European Union (EU) debt deal to Greeks for approval in a referendum. After incurring the ire of EU leaders who spent a week crafting the deal only to risk [...]
Personal bankruptcy filings decline for fourth straight month
Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Personal bankruptcy filings fell in October, marking the fourth straight month of declines. The drop came as households cut their use of credit both by choice and force. In October, there were 106,255 personal filings, 19.6 percent lower than the same period [...]
Europe seeks China aid to boost EFSF
Vittorio Hernandez – AHN News Beijing, China (AHN) – Europe is seeking the aid of China to boost the size of the European Financial Stability Facility (EFSF) to help eurozone nations deep in debt. On Friday, EFSF Chief Executive Officer Klaus Regling met with Chinese officials in Beijing to tap China, which holds the largest [...]
US consumer prices edge up by a modest 0.3%
Linda Young – AHN News Writer Washingtong, D.C., United States (AHN) – Consumer prices rose by 0.3 percent in September with fuel costs going up the most, the United States Labor Department says. However, strip out the more volatile fuel and food prices and U.S. consumer prices only increased by 0.1 percent. Fuel prices increased [...]
Think tank forecasts slight GDP expansion for Britain
Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Two independent British think tanks warned on Sunday of harder times ahead for the country due to the slowdown in the global economy and a prolonged debt crisis in the eurozone. The Centre for Economic and Business Research (CEBR) forecast a weak 0.7 percent [...]
