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Monthly Archive July, 2009

Brown Failing to Do Enough to Cut U.K. Poverty, Lawmakers Say

July 30, 2009

U.K. members of Parliament said the government hasn’t done enough to eradicate poverty among the 2 million poorest pensioners, embarrassing Prime Minister Gordon Brown […]

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Malaysia May Reserve Room for Further Cuts as It Maintains Rate

July 29, 2009

Malaysia’s central bank may signal it has room to resume cutting interest rates should economic conditions unexpectedly worsen, even as it holds borrowing costs […]

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Bernanke sends mortgage rates lower

July 27, 2009

Home mortgage rates ticked lower after Federal Reserve Chairman Ben Bernanke said the central bank will continue to keep interest rates low.
The average […]

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Oil jumps to 2-week high

July 24, 2009

Oil prices rose above $67 a barrel Thursday to their highest in more than two weeks, buoyed by worries about gasoline supplies and a […]

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Brazil Traders Undermine Meirelles Rebound as Future Rates Rise

July 22, 2009

Brazilian central bank President Henrique Meirelles, forecast to cut borrowing costs for a fifth straight time at a meeting today, will reverse course by […]

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Gas price record, one year later

July 21, 2009

many Americans are still reeling from the economic downturn. Here is how some people have responded to the return of pain at the pump.
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Obama turns up heat on mortgage servicers

July 20, 2009

As complaints mount about President Obama’s foreclosure prevention program, the administration is ratcheting up the pressure on mortgage servicers.
Financial executives will meet with Treasury […]

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Average gas price now below $2.50

July 17, 2009

many Americans are still reeling from the economic downturn. Here is how some people have responded to the return of pain at the pump.
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The return of the $773,000 paycheck

July 16, 2009

The Goldman Sachs gravy train is back on track.
The New York-based securities firm posted a $3.4 billion second-quarter profit Tuesday. The firm is […]

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Uncle Sam is $1 trillion in the hole

July 15, 2009

The federal budget deficit increased in June as spending surged and tax receipts sunk, pushing the total budget shortfall to over $1 trillion in […]

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