Most interesting finance and busines news.
Tired of quality problems at Asian factories, Fenton-based Tacony Corp. is moving the manufacture of two vacuum cleaner models to its plant in St. James, Mo.
The plant will add 20 jobs as the models are brought on line this summer. The St. James plant now employs 120 people.
Joy Petty, Tacony marketing director, […]
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Japan’s consumer prices fell for a second month in April, adding to signs that the recession will herald a return to deflation.
Consumer prices excluding fresh food declined 0.1 percent from a year earlier, the same pace as March, the statistics bureau said today in Tokyo. The result matched the median estimate of 29 […]
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The Kiel Opera House took a key step to new life Wednesday.
A subcommittee of the St. Louis Board of Aldermen gave the green light to a $74 million proposal to rehab the Kiel, a week after they had put the brakes on it for further study.
An agreement with St. Louis Blues owners […]
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Global regulators should force banks to hold assets such as government bonds as a buffer after the financial crisis exposed a “shocking” lack of liquidity at some U.K. lenders, Bank of England official Paul Tucker said.
“Regulators should define the ‘liquidity buffer’ to comprise high quality securities that can reliably be traded or exchanged […]
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French consumer and manufacturer confidence rose in May and optimism among Italian executives held at the highest in more than year on expectations the worst of the recession is over.
French manufacturing confidence gained for a second month, while consumer optimism advanced to highest in 13 months, Insee, the national statistics office said. In […]
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Reduced spending on energy would slow the economic rebound, trigger a surge in prices and hurt future prosperity, the Group of Eight industrialized nations said at the close of their meeting in Rome.
“The current financial and economic crisis must not delay investments and programmed energy projects which are essential to economic recovery and […]
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Taiwan’s export orders fell less than economists estimated in April as a pickup in demand from China offset a decline in sales to the U.S.
Orders, an indication of shipments in the next one to three months, fell 20.9 percent from a year earlier, moderating from a 24.29 percent retreat in March, the Ministry […]
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Australia’s Treasurer Wayne Swan said contractions in the economies of the nation’s trading partners will have consequences for exports.
The economy of Japan, which accounts for about one-quarter of Australia’s exports, contracted by 4 percent in the March quarter, Swan said today in an e-mailed note. In the first three months of the year […]
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Indian Prime Minister Manmohan Singh, who began his second term this week, may set a record for selling state assets as he revives efforts that were foiled by his former communist allies, bankers and analysts said.
The new administration could start by resuming share sale plans for NHPC Ltd., India’s largest producer of electricity […]
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Treasury Secretary Timothy Geithner committed to cutting the budget deficit as concern about deteriorating U.S. creditworthiness deepened, and ascribed a sell-off in Treasuries to prospects for an economic recovery.
“It’s very important that this Congress and this president put in place policies that will bring those deficits down to a sustainable level over the […]
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