Archive for March 29th, 2008

U.S. consumer spending posts smallest gain in 17 months

Saturday, March 29th, 2008

U.S. consumer spending nudged up 0.1 percent in February, the smallest gain since September 2006, the Commerce Department reported Friday. The gain in consumer spending, which accounts for two thirds of overall economic activity, wa ...

Wall Street advances following Fed data release on liquidity

Saturday, March 29th, 2008

Wall Street advanced Friday after the Federal Reserve released data showing that liquidity problems are not as bad as previously thought. The data released late Thursday shows investment banks and broker dealers borrowed more than 3 ...

Colombian economy grows 7.52% in 2007

Saturday, March 29th, 2008

Colombia's economy registered a 7.52-percent growth in 2007, the highest since 1978, according to statistics released Friday by the Colombian government. The National Administrative Statistics Department (DANE) of Colombia said in a ...

Austrian experts: Int’l financial crisis negatively influencing global economy

Saturday, March 29th, 2008

The Austrian Institute of Economic Research (WIFO) reported Friday in its "Prognosis of Economic Research for 2008/09" that the crisis in the international financial system due to the U.S. economic recession would negatively influence the g ...

Pakistani PM gets confidence vote from parliament

Saturday, March 29th, 2008

Pakistani Prime Minister Yousaf Raza Gilani Saturday took vote of confidence from the parliament and even opposition groups declared support to him. The major opposition group Pakistan Muslim League-Q (PML-Q) and other small groups ...

Clinton: In the race for the long run

Saturday, March 29th, 2008

If Hillary Rodham Clinton is feeling heat from pundits and party elders to quit the race and back Barack Obama, you'd never know it from her crowds, energy level and upbeat demeanor on the campaign trail. "There are millions of reas ...

U.S. picks new commander for Iraq, Afghanistan wars

Saturday, March 29th, 2008

Martin Dempsey assumed the role of top U.S. commander overseeing both the Iraq and Afghanistan wars Friday, replacing William J. Fallon as the head of the U.S. Central Command (Centcom). Although it is unclear whether the new assign ...

Bush: U.S. to maintain "enough" military presence in Iraq

Saturday, March 29th, 2008

The United States will maintain "enough of a presence" in Iraq to ensure American success in the gulf country, President George W. Bush said at the White House Friday. Although some progress has been made in Iraq, the country is "st ...