World economic growth may be springing back faster than expected but recovery remains fragile and a better balance is needed between exporting and importing nations, top policymakers said on Saturday.
Monthly archives for January, 2010
U.S. growth spurt fans recovery hopes (Reuters)
An acceleration in U.S. economic growth at the end of last year has fanned optimism about the outlook for global growth among business chiefs and policymakers in Davos.
Mexico GDP down 6.8 percent in 2009 (AP)
Mexico’s economy shrank 6.8 percent in 2009, the worst result in at least 30 years, the Treasury Department said Friday.
Are U.S. stocks set for a down year? (Reuters)
The adage ‘as January goes, so goes the year’ bodes ill for equity investors after the S&P 500 closed out its worst month in almost a year. In the coming week, they will have to contend with fears of sovereign defaults and the potential for unpleasant surprises in the U.S. labor market.
Seacoast Commerce Bank Announces Year-End Results (Business Wire)
CHULA VISTA, Calif.—-Seacoast Commerce Bank today announced its unaudited results of operations for the year-ending December 31, 2009. The Bank reported growth in assets for the year of $22.9 million, or 28.2%, topping $104 million at year-end.
Regulators shut down banks in 5 states (AP)
Regulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida, Minnesota and Washington. That brought to 15 the number of bank failures so far in 2010 atop the 140 shuttered last year in the punishing economic climate.
Medical Gear Makers See Favorable Trends (Investor’s Business Daily)
Makers of big-ticket, high-tech medical devices have enjoyed a strong run on Wall Street during the past year, thanks partly to the improving…
Stocks fall on doubts about recovery’s strength (AP)
Stocks ended a disappointing January with a loss as investors questioned whether the economy will be able to sustain its big fourth-quarter growth rate. Downbeat earnings at technology companies also pulled stocks down.
4th quarter’s fast economic pace likely to wane (AP)
The economy boomed at the end of 2009, growing at the fastest rate in more than six years. Now if only it could keep it up.
RI gov calls for local cost-cutting reforms (AP)
Gov. Don Carcieri urged lawmakers Friday to adopt a package of cost-cutting measures for cities and towns after receiving a report that outlined the financial strains on local government as the state’s economy tanks.