January 17th, 2010
Intel Corp. said Thursday that its fourth-quarter profit blew past expectations, confirming a rebound in the recession-battered personal computer market is underway.
Intel’s bright profit outlook for 2010 means the No. 1 maker of computer microprocessors sees a lasting recovery past the stellar fourth quarter — not an isolated holiday shopping blip.
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November 23rd, 2009
Brocade Communications Systems Inc. has scheduled its earnings announcement three hours after the market closes Monday, long after Hewlett-Packard Co. posts its quarterly results.
The San Jose-based networking equipment company (NASDAQ:BRCD) is expected by analysts to report a drop in fourth quarter earnings per share to 13 cents, excluding items, compared to 20 cents a share […]
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October 29th, 2009
Mortgage applications in the U.S. fell to a two-month low, hurt by declines in purchases that may reflect concern over the expiration of government tax credits.
The Mortgage Bankers Association’s index of applications to purchase a home or refinance a loan decreased 12 percent to 562.3 in the week ended Oct. 23, the third […]
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October 16th, 2009
The Bank of England should expand its 175 billion-pound ($284 billion) bond-buying plan “as far as it takes” to fight off the threat of deflation, former Treasury adviser Roger Bootle said.
“They will have to go a lot further,” Bootle said in an interview. “In the first instance, they should be prepared to go […]
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October 12th, 2009
South Korea’s central bank kept its benchmark interest rate unchanged at a record low and signaled it may keep borrowing costs on hold as home loans slow and it gauges the strength of the economic recovery.
Governor Lee Seong Tae left the seven-day repurchase rate at 2 percent in Seoul today and said the […]
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October 10th, 2009
The rebound in U.S. consumer spending, driven by government stimulus, will wane as the unemployment rate surpasses 10 percent, a survey of economists showed.
Household purchases will grow at a 1 percent annual rate this quarter after rising at a 2.4 percent pace in the previous three months, according to the median forecast of […]
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September 23rd, 2009
Brazil’s credit rating was raised to investment grade by Moody’s Investors Service after Latin America’s largest economy built record foreign reserves and averted a prolonged recession amid the global financial crisis.
Moody’s cited Brazil’s “strong economic and financial resilience” during the worldwide slowdown as it raised the rating one level to Baa3, the lowest […]
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September 8th, 2009
Russia’s ruble will fall 10 percent by March as the government fails to curb its deficit and the central bank comes under political pressure to keep liquidity flowing and raise the money supply, Capital Economics said.
“We’re walking a tightrope,” Neil Shearing, emerging Europe economist at Capital Economics Ltd. in London, said by telephone. […]
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September 4th, 2009
South Korea and Australia said an early winding back of fiscal and monetary stimulus that has been pumped into economies risks derailing a recovery even as debates intensify that such policies may spur asset bubbles.
South Korea’s government will formulate an exit strategy from its stimulus program once there are signs the nation’s economic […]
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August 23rd, 2009
Bank of Israel Governor Stanley Fischer, a former vice chairman of Citigroup Inc., said the global banking system may require “radical restructuring” to avoid future financial crises.
“We seem to be taking it for granted that we should go back to the structure of the financial system as it was on the eve of […]
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