Financial News, Economic Education, Analysis

The Federal Reserve Chairman United States, Ben Bernanke said Friday that the economic recovery had slowed more than expected and the Fed was prepared, if necessary, to adopt additional measures to support the activity.
"The committee (monetary policy) is ready to implement further monetary easing through unconventional measures, if necessary, especially if the outlook [...]

The CEO of Hewlett-Packard Co., Mark Hurd, under investigation for sexual harassment, resigned Friday, said the U.S. computer group.
Hurd, who was head of HP since 2005, will be replaced by Chief Financial Officer Cathie Lesjak, who will serve as interim executive director.
According to HP, an investigation into allegations of sexual harassment [...]

British Airways saw its loss widen in the first quarter of 2010-2011, under the combined effects of volcanic ash cloud and a strike, which did not deter the British airline reaffirmed its forecast of a pretax profit in equilibrium.
At about 8:00 GMT, the group, which saw its value melt a billion pounds over [...]

European values rose again Tuesday, ending a five-week high, despite the announcement of a sluggish U.S. consumer morale, but below their highest of the day, as investors continued to anticipate an improvement conditions with some macroeconomic indicators and results of large groups considered encouraging.
In Paris the CAC 40 gained 0.83% to 3666.40 points, [...]

Greece will receive a second tranche of funding from the European Union (EU) and International Monetary Fund (IMF) because Athens has fulfilled the conditions prescribed in its austerity plan, announced by the Minister of Finance in the Weekly Kosmos tou Ependyti.
Representatives of the EU, IMF and European Central Bank (ECB) will be in [...]

Carrefour said on Wednesday he did not buy certain products in paper group in Indonesia Asia Pulp and Paper (APP), for environmental issues.
On the eve of the decision, Greenpeace accused APP, a subsidiary of Sinar Mas, of wanting to destroy the Indonesian rainforest and called distributors, including Carrefour, to stop buying its products. [...]

The G20 countries agreed Sunday to implement different solutions to find the path of sustainable growth and regulate their financial systems, and taking note of the uneven and fragile economic recovery in several of them.
Meeting in Toronto, the major industrial nations and big emerging economies have attempted to balance competing priorities with a [...]

Developing countries and emerging countries should represent nearly 60% of world GDP in 2030, thanks to a tilting movement of wealth that the crisis has accelerated, says the OECD in a report released Wednesday.
The rapid growth of large developing countries has helped reduce poverty but also increased inequality, says the Organisation for [...]