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Economy

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A look at economic developments around the globe

Published February 2nd, 2012 - 2:21PM

A look at economic developments and activity in major stock markets around the world Thursday:

Argentine VP says president needs more time

Published February 2nd, 2012 - 8:46AM

President Cristina Fernandez would need a third term in office to complete her transformation of Argentina, her vice president said Thursday, feeding her opponents' fears that the newly re-elected leader will try to change the constitution and stay in power beyond 2015.

Egypt market plunges after deadly soccer riots

Published February 2nd, 2012 - 2:56AM

Egypt's benchmark stock index fell over 2 percent Thursday, paring an earlier plunge stemming from deadly soccer riots the night before that left 74 dead and rekindled fears of fresh instability akin to the unrest that has battered the country and its economy in the year since the ouster of Hosni Mubarak.

Summary Box: Manufacturing expansion picks up

Published February 1st, 2012 - 3:26PM

MANUFACTURING EXPANDS: Factories expanded last month at the fastest pace since June, a trade group said Wednesday. The Institute for Supply Management said that its manufacturing index rose to 54.1 in January, from 53.1 in the previous month. Readings above 50 indicate expansion.

Cuba says imports from US off sharply in 2010

Published February 1st, 2012 - 12:51PM

Cuban imports from the United States fell sharply in 2010 while the country increasingly turned to trade with ally Venezuela, according to newly released government statistics.

Manufacturing expands at fastest pace since June

Published February 1st, 2012 - 7:20AM

U.S. manufacturing activity grew in January at the fastest pace in seven months, boosted by a rise in new orders. And builders ended a poor year for construction by spending more on homes and projects for the fifth straight month.

China announces $2.5B fund for small businesses

Published February 1st, 2012 - 4:00AM

China announced more help Wednesday for its struggling private business sector, unveiling a $2.5 billion fund to finance new small businesses and promising tax breaks and more lending for entrepreneurs.

Eurozone inflation steady at 2.7 percent

Published February 1st, 2012 - 3:05AM

Inflation in the 17 countries that use the euro was unchanged in the year to January at 2.7 percent, official figures showed Wednesday, reinforcing market expectations that the European Central Bank will decide to keep interest rates unchanged at its next policy meeting.

Hong Kong says economy slowed in 2011

Published January 31st, 2012 - 8:30PM

Hong Kong's economic growth fell further in the final quarter of 2011 as global trade weakened, and the government forecast an anemic expansion this year.

A look at economic developments around the globe

Published January 31st, 2012 - 12:25PM

A look at economic developments and activity in major stock markets around the world Tuesday:

A look at eurozone unemployment rates

Published January 31st, 2012 - 7:25AM

Eurostat, the EU's statistics office, estimates that unemployment across the 17-nation eurozone rose by the end of 2011 to 10.4 percent, a joint record high since the euro launched in 1999.

Eurozone unemployment ends 2011 at record high

Published January 31st, 2012 - 2:35AM

Unemployment across the 17 countries that use the euro ended 2011 at a record high, official figures showed Tuesday, a day after EU leaders acknowledged they would have to boost economic growth with the same urgency that they had shown in combating their nations' debts.

Japan's industrial output rebounds 4 percent

Published January 30th, 2012 - 6:45PM

Japan's industrial production rebounded 4 percent in December from November and household spending increased, suggesting the still-weak economy is gaining some steam after last year's tsunami disaster and flooding in Thailand that disrupted manufacturers' supply chains.

Sad news for Tacoma movie buffs: Venerable Stadium Video closing

Published January 28th, 2012 - 5:02PM

Sixteen years after it was founded in the basement beneath a restaurant in one of Tacoma’s oldest neighborhoods, Stadium Video will close next month.

No economic rebound is likely in 2012, Pierce County leaders told

Published January 13th, 2012 - 9:08PM

No more sudden moves. Europe, we’re looking at you. Don’t spook the economic recovery. The annual economic forecast event Friday was a chance for Pierce County leaders and business people to get a glimpse of what might happen in 2012. There were glimmers of hope – for 2013.

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