Feb. 9 (Bloomberg) -- Inventories at U.S. wholesalers unexpectedly fell in
December following the biggest increase in more than five years, indicating
distributors had trouble keeping up with demand. A record inventory drawdown
last year has opened the door for manufacturers to pick up
The 0.8 percent decrease in stockpiles followed a revised 1.6 percent gain in
November that was the largest since July 2004, figures from the Commerce
Department showed today in Washington. Sales climbed 0.8 percent. A record
inventory drawdown last year has opened the door for
The 0.8 percent decrease in stockpiles followed a revised 1.6 percent gain in
November that was the largest since July 2004, figures from the Commerce
Department showed today in Washington. Sales climbed 0.8 percent. A record
inventory drawdown last year has opened the door for
The 0.8 percent decrease in stockpiles followed a revised 1.6 percent gain in
November that was the largest since July 2004, figures from the Commerce
Department showed today in Washington. Sales climbed 0.8 percent. A record
inventory drawdown last year has opened the door for
“I’ve been very impressed with the comprehensive approach they’ve had,”
Stiglitz said in an interview on Bloomberg Television today. “There’s clearly
no risk of default. I’m very confident about it.” Greek Finance Minister George
Papaconstantinou said yesterday that he can’t
“The euro will continue to constitute a major tool for our development,”
Barroso told the European Parliament today in Strasbourg, France. “Those who
think it can be put into question must realize we will stick to our course. The
European Union has the necessary framework to address all
Somebody should phone the White House, and ask if Emanuel could be flown to
Frankfurt for a few weeks. The euro area and the European Central Bank are now
dealing with what markets are calling the ���PIGS��� crisis: Portugal, Ireland,
Greece and Spain. Sometimes Italy is added to
Feb. 9 (Bloomberg) -- The euro traded near an eight-month low against the
dollar on concern a European Union summit this week will fail to address
Greece’s fiscal crisis, damping demand for assets in the region. The 16-nation
currency was close to the weakest in 11 months versus the yen
By Yoshiaki Nohara The 16-nation currency was close to the weakest in 11 months
versus the yen after EU President Herman Van Rompuy yesterday said the Feb. 11
summit will focus on long-term economic strategy, making no direct reference to
Greece. Australia’s dollar fell for a second
By Ben Levisohn Measured against a basket of currencies from the Group of 10
nations proportioned by how they trade against each other, the greenback is up
about 3 percent since 1975, according to Bloomberg Correlation-Weighted
Currency Indexes. That was four years after the Bretton Woods
The 0.8 percent decrease in stockpiles followed a revised 1.6 percent gain in
November that was the largest since July 2004, figures from the Commerce
Department showed today in Washington. Sales climbed 0.8 percent. A record
inventory drawdown last year has opened the door for
