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Pakistan's $7.6 billion rescue from the International Monetary Fund may help the nation overcome a “crisis of confidence'' and improve its debt rating, according to the Asian Development Bank.
“There is no reason why it should not'' lead to an upgrade in Pakistan's credit rating, ADB Managing Director Rajat Nag said in an interview […]
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The University of Hawaii will cut its operating budget by up to $30.6 million over the next two years.
The Board of Regents this week approved a reduced operating budget of $1.4 billion for 2009-10 and 2010-11 in response to cuts in the state budget.
The UH 10-campus system typically spends about $1.6 billion annually.
UH officials said […]
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It costs more to fill up in Buffalo than in New York City. And among those who want to know why are Rep. Brian Higgins and the AAA.
According to daily AAA fuel gauge data, the average cost of a gallon of gasoline in Buffalo is $3.38, compared to Rochester ($3.28), New York City ($3.23) and […]
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The U.S. may be heading for its worst recession in at least a quarter century as the credit crisis forces employers across the country to cut workers and ratchet back spending.
Labor Department figures showed yesterday that payrolls fell by 159,000 in September, the biggest reduction in five years. While the unemployment rate held […]
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U.S. stock markets rebounded Tuesday after a record 778 point loss for the Dow Jones Industrial Average on Monday.
Twenty minutes into the regular trading session, the Dow Jones Industrial Average had gained 190.51 points, or 1.84 percent, to 10,555.96. The Standard & Poor’s 500 Index rose 24.42 points, or 2.21 percent, to 1,130.81. The Nasdaq […]
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Congressional Democrats clashed with Treasury Secretary Henry Paulson over whether the $700 billion rescue plan for U.S. financial companies should curb executive pay, setting the stage for a fight on the legislation.
U.S. Representative Barney Frank, the chairman of the House Financial Services Committee, said it would be a “grave mistake” not to include […]
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Japan's wages grew at the slowest pace this year, adding to the likelihood households will cut spending as they grapple with higher food and gasoline prices.
Monthly wages, including overtime and bonuses, rose 0.3 percent to 388,315 yen ($3,573) in July from a year earlier, after a 0.4 percent gain in June, the Labor […]
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The City of Houston on Thursday is expected to unveil plans for a major multi-use recreational project in South Houston adjacent to State Highway 288.
The complex, on an 80-acre site owned by the city, will include as many as 18 outdoor soccer and athletic fields with natural and artificial turf. Part of […]
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Australian home-loan approvals fell in March to the lowest level in almost three years, reinforcing the central bank's view that the highest borrowing costs since 1996 are slowing the economy.
The number of loans granted to people to build or buy homes or apartments dropped 6.1 percent to 59,371, the lowest since August, 2005, […]
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President George W. Bush, meeting with South Korea's Lee Myung Bak, said he'll push for congressional approval of a free-trade agreement between the two allies and vowed to maintain pressure on North Korea to dismantle its nuclear-weapons program.
“The Korea free-trade agreement is a priority for this administration, and we will press hard with […]
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