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IMF warns U.S. not to scale back stimulus too soon
WASHINGTON — Amid speculation that the Federal Reserve soon might start scaling back its stimulus efforts, the International Monetary Fund cautioned that a pullback before next year could hurt economies worldwide. Highlighting its concern Friday,...
Tags: Congressional Budget Office, International Organizations, Economic Policy, Federal Reserve, Economy, Business and Finance
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Center Theatre Group headed for fifth straight budget deficit
By some measures, L.A.'s Center Theatre Group is the busiest nonprofit stage company in the nation — and it's the biggest by far outside Manhattan. But now this theatrical giant is in serious need of more than a little help from its friends. The...
Tags: Lincoln Center, Arts and Culture, Economy, Business and Finance, Mary Poppins (musical), Music Theater
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IMF urges U.S. to repeal 'ill-designed' sequester cuts
WASHINGTON -- The International Monetary Fund on Friday urged U.S. officials to scale back its automatic federal spending cuts, warning that they were "excessively rapid and ill-designed" and were hurting the nation's economic recovery "The sequester...
Tags: Christine Lagarde, International Organizations, Federal Reserve, Politics, Budget Control Act of 2011
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IMF urges repeal of 'ill-designed' U.S. fiscal cuts
ReutersWASHINGTON, June 14 (Reuters) - The International Monetary Fund on Friday urged the United States to repeal sweeping federal budget cuts that will be a severe drag on economic growth this year. In its annual check of the health of the U.S. economy, the...Tags: International Organizations, Federal Reserve, Economy, Business and Finance, U.S. Congress, Productivity
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Analysis: India is Asia's weakest link in QE-driven rout
ReutersSINGAPORE (Reuters) - India is emerging Asia's canary in the 'hot money' mine. As financial markets sell off on concerns over rising U.S. rates, what happens in India, an economy with slowing growth and a heavy dependence on foreign money, could well...Tags: Economic Policy, Economy, Business and Finance, Philippines, Asia, Emerging Market
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Struggling Angels in it for the long haul
addCustomPlayer('1j59v4a9evljr1d1b5hvawowo7', '', '', 600, 418, 'perf1j59v4a9evljr1d1b5hvawowo7', 'eplayer15'); The Angels look like a lost cause, with a 28-38 record, an 11 1/2-game American League West deficit and 9 1/2-game wild-card deficit entering...
Tags: Sports, Albert Pujols, World Series, Baseball, Mark Trumbo
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Easing inflation fails to bolster India rate cut hopes as Asian markets roil
Reuters* Indian rupee worst hit EM currency after rand since May * Wholesale inflation eases for 4h straight month * Retail inflation still high on elevated food prices * RBI has cut repo rate at every review so far in 2013 By Suvashree Dey Choudhury...Tags: Prices, Consumers, Money and Monetary Policy, Economy, Business and Finance, Sports
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U.S. current account widens in first quarter
ReutersWASHINGTON, June 14 (Reuters) - The U.S. current account deficit widened in the first quarter to $106.1 billion, a government report showed on Friday. The Commerce Department said the current account deficit, which measures the flow of goods, services...Tags: Economic Indicator, Politics
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IMF says risks to successful Portugal bailout still high
ReutersBy Axel Bugge LISBON, June 13 (Reuters) - The International Monetary Fund said on Thursday Portugal's economic outlook was "somber" and its public debt condition "very fragile" although Lisbon has met the latest targets in its 78 billion euro bailout....Tags: International Organizations, Economic Policy, Economic Indicator, Gross Domestic Product, Economy, Business and Finance
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Italy sees no more fiscal tightening despite deficit problems
ReutersROME (Reuters) - A deeper-than-expected recession is hurting Italy's public finances but it can still keep the budget deficit below 3 percent of output without more fiscal tightening, Economy Minister Fabrizio Saccomanni said on Thursday. Saccomanni, a...Tags: Italy, International Organizations, Economic Indicator, Weather Reports, Enrico Letta
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Russia can't raise state spending forever: Putin
ReutersMOSCOW (Reuters) - Russia cannot afford to keep raising state spending, President Vladimir Putin said on Thursday, but it must find the money to fulfill the social commitments he made on his return to the Kremlin last year. Putin, in an annual...Tags: Petroleum Industry, Vladimir Putin, Federal Reserve, Economy, Business and Finance, Politics
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Downturn challenges Poland's tea-drinking fiscal hawk
Reuters* Finance Minister Rostowski champions low debt, deficit * But PM may seek new direction in economic policy * Rostowski could be out of step with new policy:sources By Christian Lowe and Karolina Slowikowska WARSAW, June 13 (Reuters) - With his...Tags: Parliament, Economic Policy, Crime, Law and Justice, Economy, Business and Finance, Poland
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