Posts Tagged ‘percent’

Stocks slip Wednesday after Tuesday’s strong rally

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks slipped Wednesday, giving back some of Tuesday’s strong gains. Just after the opening bell on Wall Street, the Dow Jones Industrial Average fell 12 points, the Standard & Poor’s 500 Index was down three points and the NASDAQ dropped eight [...]

U.S. stocks little changed early after durable goods report

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks opened higher Friday after a mixed November durable goods orders report that showed a 3.8 percent increase, the most in four months. In light trading, just after the opening bell, the Dow Jones Industrial Average was up 15 points, the [...]

German exports fall more than expected

Linda Young – AHN News Writer Berlin, Germany (AHN) – German exports fell by a larger percentage than forecast for October because of lower demand from southern European markets affected by the economic crisis. Exports fell by 3.6 percent in October compared to September. It was larger than the 1 percent drop expected and the [...]

Europe’s lust for gold continues

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – Despite rising and record prices, gold continues to shine, especially overseas. The European sovereign debt crisis has spurred a gold rush across the continent. The World Gold Council reported Thursday that investors in Europe purchased a record $6.2 billion in gold bars [...]

Euro zone banks must raise $140 billion

Diane Alter – AHN News Reporter Brussels, Belgium (AHN) – A European official said Saturday that euro zone finance ministers moved closer to an agreement that would force banks to raise approximately $140 billion to ensure they have enough assets to handle further losses on their Greek bond holdings and tumultuous markets. The 17 euro [...]

European Union proposes changes to agriculture policy

Linda Young – AHN News Writer Brussels, Belgium (AHN) – The European Union announced plans to reform its Common Agricultural Policy to make it greener and fairer. However, environmental, farming and taxpayer groups all have concerns about any policy changes. European Commission officials say they do not want to cut the program’s budget, but do [...]

Eurozone inflation rate rises to 3 percent

Linda Young – AHN News Writer Brussels, Belgium (AHN) – Inflation in the eurozone rose to 3 percent in September, up from 2.5 percent in August, according to the initial estimate by the European Union statistics agency. That is the highest rate of inflation in the region during the past three years. The spike in [...]

Wall Street dips on fears on Europe debt crisis, U.S. downturn

Jupiter Kalambakal – AHN News Reporter New yorY, NY, United States (AHN) – Plummeting stocks welcomed investors in Wall Street on Tuesday morning after a long weekend amid speculation of a worsening debt crisis in Europe and a weakening United States economy. Dow Jones dropped 239.61 points, or 2.13 percent, to 11,000.65. The Dow has [...]

European Central Bank hikes interest rates to 1.5 percent

Vittorio Hernandez – AHN News Frankfurt, Germany (AHN) – The European Central Bank raised on Thursday key lending rates by a quarter point to 1.5 percent. The rate hike aims to curb inflation, said ECB President Jean-Claude Trichet. He hinted of more benchmark rate increases in the future, despite weak economic growth in southern Europe [...]

Volkswagen postpones  MAN supervisory board takeover

Kris Alingod – AHN News Contributor Wolfsburg, Germany (AHN) – Volkswagen on Monday postponed its appointment of executives to truckmaker MAN’s supervisory board following advise from the European Union. The Wolfsburg-based company said it is in “constructive discussions” with the EU Commission after the panel said the appointments should be made after anti-trust clearance of [...]

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