Author Archives: edinger22

(FT) — Investigators have found evidence that nearly $30m of funds budgeted for China’s Beijing-Shanghai high-speed rail line was misappropriated last year, in another blow to the country’s scandal-plagued high-speed rail sector. China’s state audit office said on Wednesday it … Continue reading →

The world’s richest nations have carried out coordinated action in the currency markets to try to stabilise the Japanese yen. It is first time since 2000 that G7 countries have jointly intervened in the currency markets. The yen weakened after … Continue reading →

(CNN) — The devastating earthquake and tsunami in Japan will rank among the costliest natural disasters on record, experts predict. Japan’s central bank announced plans Monday to inject a record 15 trillion yen ($183 billion) into the economy to reassure … Continue reading →

(FT) — European inflation risks have mounted as a result of turmoil in the Middle East, the European Commission has warned as a fall in eurozone unemployment highlighted the robust pace of economic growth across the continent at the start … Continue reading →

Japan’s gross domestic product fell less than estimated in the fourth quarter in a pullback that may prove temporary as overseas demand revives production after the nation fell behind China as the world’s second-largest economy. The annualized 1.1 percent drop … Continue reading →

The U.S. manufacturing sector is roaring back after the worst recession in generations. So why aren’t factory jobs coming back as quickly? One big reason: Business executives like Drew Greenblatt, owner of Baltimore-based Marlin Steel Wire Products, have figured out … Continue reading →

McDonald’s Corp., the world’s biggest restaurant chain, reported a 2.1 percent gain in fourth- quarter profit as new menu items lured diners, offsetting slower-than-estimated December sales because of snowstorms. Net income rose to $1.24 billion, or $1.16 a share, the … Continue reading →

NEW YORK – Oil prices rose above $89 a barrel Monday after the 800-mile trans-Alaska pipeline owned by BP PLC and four other companies was shut down because of a leak. Benchmark oil for February delivery climbed $1.22 to settle … Continue reading →

NEW YORK (CNNMoney.com) — Leaders of the G-20 nations on Friday agreed to “refrain” from all-out currency warfare, but failed to meet high expectations that they would come up with a plan to stabilize the world economy. Completing a two-day … Continue reading →

NEW YORK (CNNMoney.com) — China’s economic growth slowed for the second quarter in a row, cooling fears that its economy is growing at an unsustainable pace. China’s gross domestic product, the broadest measure of economic output, grew at an annual … Continue reading →