AFP The US government registered a record budget deficit in February, the 17th consecutive month of running in the red, the Treasury said on Wednesday. The February budget shortfall was $US220.909 billion ($A241.83 billion), a 14 per cent rise from a year ago and the biggest monthly

By Kate Andersen Brower March 10 (Bloomberg) -- Greek Prime Minister George Papandreou said President Barack Obama expressed support for measures being taken to deal with Greece’s financial crisis. “We’re not asking for a bailout, we’re not asking for financial h

Shipments abroad increased 42.5 percent from a year earlier to $3.58 billion, the National Statistics Office said in Manila today. That compares with the median forecast for a 30.2 percent gain in a Bloomberg News survey of nine economists. Rising exports, which account for about a third of

March 9 (Bloomberg) -- Greek Prime Minister George Papandreou said U.S. President Barack Obama expressed support for the measures being taken to deal with the financial crisis in Greece. “We’re not asking for a bailout, we’re not asking for financial help from anyone,” Pa

Strong jobs growth should provide a firm foundation for retail spending over this year and next, independent forecaster Access Economics says. Such growth comes at a time of a labour market rebound which has seen 200,000 jobs created in the five months to January, cutting the

THE Chinese government yesterday applauded itself for leading the world out of the financial crisis, after a "truly extraordinary and inspiring" year. The annual work report to the legislature by the Premier, Wen Jiabao, focused on China's sudden economic and political ascendancy. "Our

March 6, 2010 No, a better question is roughly the opposite: how can we be sure the strong growth isn't largely the product of government stimulus - or what assurance do we have the economy won't slow down again as that stimulus is withdrawn? The national accounts for the December

Finance Minister Jim Flaherty , 60, released a C$281 billion ($273 billion) budget yesterday that forecasts the shortfall narrowing to C$49.2 billion in the 2010-11 fiscal year, down from a record C$53.8 billion last year. The gap will narrow to C$1.8 billion for the 2014 budget as stimulus

2010 looks like turning out to be better. The solid 4th quarter economic growth figures from the Australian Bureau of Statistics revealed the extent of the improvement over the year. The ABS reported yesterday that the economy grew 0.9% in the December quarter, just above w