Icelanders blew whistles and set off fireworks in the capital as referendum results Sunday showed they had resoundingly rejected a $5.3 billion plan to repay Britain and the Netherlands for debts spawned by the collapse of an Icelandic bank.
How $1 trillion hides in plain sight
The government does without roughly a trillion dollars a year because of a slew of tax breaks -- everything from the mortgage-interest deduction, to education and child credits, to low rates on investments.
Greek Demonstrators Occupy Finance Ministry
Greek demonstrators took over the Finance Ministry building in central Athens and blocked streets in the city center as union groups stepped up protests against government wage cuts and tax increases to curb the deficit.
Car sales rocket as China tries to boost consumer spending
BEIJING — Ahead of the lunar new year holiday that rates as this nation's biggest party, buyers packed the Huaxiang car market in southwest Beijing. Some wanted to drive home a new car in a physical sign of their success in the soon-ending Year of the Ox; others wanted to trade up before the new Year of the Tiger that began Feb. 14.
Greece agrees to new austerity package
Greece’s cabinet on Wednesday approved a fresh austerity package that includes an immediate freeze on pensions, further salary cuts for public sector workers and a sharp increase in value-added tax.
India exports rise 11.5%
India's manufacturing exports has risen for the third month running in January and new manufacturing orders hit an 18-month high in February, further evidence of India's solid economic rebound that will likely encourage the central bank to hike rates when it meets in April.
AIG posts $8.9 billion loss
American International Group Inc (AIG.N) reported a quarterly loss of $8.9 billion on Friday, hurt by charges related to U.S. loan payback, asset divestments and higher loss reserves.
Jobless claims up 12% in past 2 weeks
The number of Americans filing for initial unemployment insurance surged to just below the 500,000 level last week, and have climbed more than 12% over the past two weeks, the government said Thursday.
Housing Upturn Proves Elusive
Despite some signs of improvement, pessimism abounds about the U.S. housing market. The top worry: the withdrawal of government stimulus in the next few months
Euro Worst to Come as Greece Hammerlocks ECB on Rates
Derivative traders are signaling that the euro’s slump to a nine-month low will continue even if European Union leaders bail out Greece.
| Name | Last | Change |
|---|---|---|
| Dow Industrial | 10,567.30 | 2.95 |
| S&P 500 | 1,145.61 | 5.17 |
| NASDAQ | 2,358.95 | 18.27 |
| TSX | 11,961.10 | 42.35 |
| Gold | 1,108.60 | 0.00 |
| Crude Oil | 82.43 | 0.57 |
| Natural Gas | 4.49 | 0.00 |
| US Dollar | 80.41 | -0.18 |
| Euro | 1.37 | 0.00 |
