Economic outlook hurt by weak job gains

(Reuters) – American employers hired at the slowest pace in nine months in March, a sign that Washington’s austerity drive could be stealing momentum from the economy. The economy added just 88,000 nonfarm jobs last month, the Labor Department said on Friday, well below market expectations for a 200,000 increase. The jobless rate ticked a […]

Has Obama lost advantage over G.O.P. on economy?

Recent poll numbers seem to indicate that the American public is pretty evenly split on who can best handle the economy going forward. Most economic indicators show that we are in a recovery. Is this in spite of the gridlock or because of it? Read the New York time column here.

Cyprus to tax private savings accounts

(Reuters) – Cyprus said on Saturday it would tax big savers at its largest bank in a dramatic U-turn as it raced to satisfy European partners and seal an 11th-hour bailout deal to avert financial collapse.

Online forex: One man’s point of view

BY ’KUNLE ADEYERI ([email protected] ) In Forex trading, you will see that technical indicators (charts, moving average lines, etc.) are very important for determining how currency prices move. Of course, fundamental analysis (economic data, current events, etc.) is also useful for predicting how a currency price will change. Underlying the fundamental and technical methods is […]

Cyprus sovereign long-term foreign currency credit rating cut deeper into junk status

    NEW YORK, March 21 (Reuters) – Standard & Poor’s cut the sovereign long-term foreign currency credit rating on Cyprus deeper into junk status on Thursday, lowering the rating to CCC from CCC-plus as the country struggles with a banking crisis. The European Union gave Cyprus until Monday to raise the billions of euros […]

A southern boom. Latin America ignites.

In the annals of geopolitical insults, few have been more sweeping than Richard Nixon’s admonition to a young Donald Rumsfeld as he pondered his future career. “Latin America doesn’t matter,” he offered. “People don’t give a damn about Latin America”. He said it in 1971. Would anyone in Washington dare say it again? If the […]

Oil, Obama and Israel. Strange bedfellows.

Even as it plans to illegally drill for oil in the occupied Golan Heights, “Israel appears to have its eye on the occupied West Bank oil”, according to a classified Foreign Office correspondence [Reuters]  The schedule for President Barack Obama’s first visit to Israel and the Palestinian territories next week has just been released and […]