June 18, 2012 in Grand Forks Herald
A group of European mill owners and managers is in North Dakota this week to learn more about the state’s hard red spring wheat crop. The North Dakota Wheat Commission says the officials are from Spain and Italy, which together import about 36 million bushels of U.S. wheat each year. Continue Reading
March 23, 2012 in Grand Forks Herald
EU foreign ministers have slapped sanctions on the wife and other close relatives of Syrian President Bashar Assad, freezing their assets and banning them from traveling to the EU in a continuing attempt to stop the violent crackdown on opposition, officials said today. Continue Reading
March 9, 2012 in Grand Forks Herald
The finance ministers of the eurozone say Greece can receive a first batch of bailout money of up to 35.5 billion ($46.9 billion) to fund a massive debt relief deal with private investors. Continue Reading
March 4, 2012 in Grand Forks Herald
As automakers prepare to roll out new models this week at the Geneva Auto Show one of the major events in the automotive calendar they are being forced to fight for a slice of an ever-shrinking European market stricken with austerity and recession. Continue Reading
March 2, 2012 in Grand Forks Herald
The announcement came as the government reported more grim economic news: a big rise in claims for jobless benefits last month and a new forecast that Spanish economic output will fall 1.7 percent this year, worse than the 1 percent forecast recently by the EU and the 1.5 percent predicted just weeks ago the Bank of Spain. Continue Reading
February 24, 2012 in Grand Forks Herald
Government troops shelled rebel-held areas in central Syria today, killing at least eight people, activists said, as the United States, Europe and Arab nations met in Tunisia to seek ways to end President Bashar Assad’s crackdown on an 11-month uprising against his rule. Continue Reading
February 23, 2012 in Grand Forks Herald
Though austerity measures are the main pillar in Europe’s strategy to fight the debt crisis, they are clearly hurting the economy in the short-term Spain and Italy are expected to sink into recession this year as their governments cut debt aggressively. Continue Reading
February 21, 2012 in Grand Forks Herald
The patchwork of measures including the implementation of austerity measures in Greece and approval by skeptical German and Dutch Parliaments required to give the rescue a chance of success means it’s unlikely to be the end of the continent’s debt crisis. “It’s not an easy (program), it’s an ambitious one,” said Christine Lagarde, the head of the IMF, adding that there were significant risks that Greece’s economy could not grow as much as hoped. Continue Reading
February 14, 2012 in Grand Forks Herald
A meeting of the finance chiefs of the 17 euro countries to discuss Greece’s second multibillion bailout planned for Wednesday was called off tonight after Athens failed to deliver in time on several demands made by its partners in the currency union. The last-minute cancellation of the meeting shows the eurozone wants much tougher guarantees now from Athens before giving it an extra 130 billion ($171 billion) in rescue loans. Continue Reading
February 10, 2012 in Grand Forks Herald
The Dow Jones industrial average is finishing down 89 points, or 0.7 percent, at 12,801. The broader Standard & Poor’s 500 is down nine points to 1,343. It is the first losing week for the index this year. Continue Reading
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