Stock Market

[unable to retrieve full-text content]Stocks posted their worst daily decline in nearly a year Tuesday, wiping out the year’s gains and raising fresh questions about the strength of the economic recovery. Despite the seemingly positive news that Pres…

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AP – Most Asian stock markets rose Monday after a weekend meeting of global finance chiefs vowed to avoid a currency war that could derail the global economic recovery.

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LONDON (Reuters) – Chancellor George Osborne is unnecessarily risking the economic recovery with his deep spending cuts, the country’s new Nobel Prize winning economist was quoted as saying on Saturday.

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AFP – The International Monetary Fund on Thursday praised China’s interest rate hike this week and called on the United States to weigh carefully any measures to support a weak economic recovery.

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LONDON (Reuters) – The euro zone’s economic recovery lost momentum this month as a surprise upswing in Germany was offset by slowing growth in France, while manufacturers countered a poorer performance in the service sector, surveys showed.

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The eurozone’s economic recovery is running out of steam, a closely watched survey of industry indicated, with continuing growth in Germany and France concealing a contraction in output in the rest of the bloc for the first time in nearly a year

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AP – Stock markets steadied Wednesday as the surprise of China’s first interest rate increase in three years slowly wore off. The dollar gave back the ground it clawed back in the wake of the rate hike, which had stoked investor worries about the global economic recovery.

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AP – The global economic recovery isn’t uniform. Countries are emerging from a deep recession at different speeds. That’s why central bankers are taking different approaches to stimulate their economies or keep them on a healthy growth path. Here’s a snapshot of what some are doing:

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GENEVA (Reuters) – The head of the World Trade Organisation stepped into an escalating row over currency policies on Tuesday, saying growing disputes about exchange rates could threaten global trade and economic recovery.

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AFP – Oil dipped underneath 83 dollars per barrel on Tuesday as concerns over the US economic recovery weighed on investor sentiment after poor industrial output data, analysts said.

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