US Gov’t to Allow Some Banks to Repay Loans
The US government is expected to announce today which of the banks that received funds under the Troubled Asset Relief Program (TARP), are now strong enough to begin paying back these loans. Several of the nation’s largest banks have said recently that they are stable enough now to pay back the loans and emerge from the increased government oversight that came with the money. More
EU Expected to Slow Stimulus Spending
Finance ministers from each of the European Union member countries are meeting in Luxembourg today where they are expected to consider ways to slow the pace of stimulus spending in a bid to reduce deficit spending. More
UK Retail Sales Fall 0.8% in May
After a gain of 4.6 percent in April, retail sales in the UK fell 0.8 percent in May according to the latest figures from the British Retail Consortium. More
Japan’s Current Account Surplus Declines Further
For the fourteenth straight month, Japan’s current account surplus fell, declining 55 percent in April compared to the same month one year ago. More
