White House sees fragile moment for world economy

2011-10-27T09:00:08Z

WASHINGTON (Reuters) - The White House said on Thursday it was encouraged by data showing the U.S. economy grew in the third quarter of 2011 but said faster expansion was needed to recover jobs and fortify the global economy.

"We are, nonetheless, at a fragile moment in the world economy, and cannot afford to do anyth...

S. Africa to launch $3.2bn stimulus

2011-10-25T12:30:59Z

South Africa will launch a $3.2 billion package to boost the economy, Finance Minister Pravin Gordhan said on Tuesday, as he revised the 2011 growth forecast for the country down to 3.1 percent.

Gordhan told parliament the scheme would be a "competitiveness support package of 25 billion Japan (Reuters) - Bank of Japan board member Ryuzo Miyao said on Wednesday the country's economy may get less support than initially expected from overseas demand as the recovery in the U.S. and European economies loses steam.

"Japan's economy w...

U.N. warns austerity plans damage economic recovery

2011-06-22T09:30:19Z

GENEVA (Reuters) - Austerity measures being adopted by many industrialized world governments in the wake of the 2008-09 financial crisis are undermining economic recovery, a United Nations report said on Wednesday.

Cuts in spending on health, education and other social programs in both rich and poor countries, it asserted, threaten ...

IMF frees up $225 mn for Iceland

2011-06-03T18:30:15Z

The International Monetary Fund said Friday it had okayed a sixth tranche of $225 million in financing for Iceland, citing Reykjavik's "impressive progress" in post-crisis restructuring.

The IMF said Iceland's economy would likely return to growth this year, but still faced risks from inflationary press...

Danger of uneven Europe recovery has fallen: Nowotny

2011-05-23T01:00:08Z

VIENNA (Reuters) - The danger of an uneven economic recovery in Europe has fallen despite the patchy nature of the upturn that remains worrying, European Central Bank Governing Council member Ewald Nowotny said on Monday.

"One cannot exclude the poss...

Fitch downgrades Greece

2011-05-20T08:00:20Z

ATHENS (Reuters) - Fitch Ratings downgraded Greece's long-term foreign and local currency issuer default ratings on Friday to 'B+' from 'BB+ and put the ratings on rating watch negative, it said.

The rating downgrade reflects the scale of the challenge facing Greece in im...

Homebuilder sentiment slips in April

2011-04-18T10:01:59Z

WASHINGTON (Reuters) - U.S. homebuilder sentiment slipped a notch in April as home prices continued to fall in most areas of the country amid widespread foreclosures, a survey released on Monday showed.

The National Association of Home Builders/Wells Fargo Housing Mark...

Obama sees spending deal near

2011-04-01T16:30:28Z

US President Barack Obama said Friday that a deal with his Republican foes on deep government spending cuts was "within reach," as lawmakers groped in private for a compromise by an April 8 deadline.

"Now, there's still details and differences to work out," he said a speech in Landover, Maryland, to employees of global shipping giant UPS. "Both sides are close, though. And we know that a compromise is within reach...

ECB's Gonzalez-Paramo: April rate hike possible

2011-03-06T00:30:04Z

MADRID (Reuters) - An April rate increase is possible as the European Central Bank continues its mission to control inflation, ECB Executive Board member Jose Manuel Gonzalez-Paramo said in an interview published on Sunday.

Asked about the impact of a rate hike f...

Serbia PM moves to sack deputy

2011-02-14T10:30:17Z

BELGRADE (Reuters) - Serbian Prime Minister Mirko Cvetkovic moved on Monday to sack his deputy, Mladjan Dinkic, after weeks of feuding over an investment project and the pace of reforms in the

Taiwan economic growth at 23-year high in 2010

2011-01-31T18:30:15Z

Taiwan's economy grew by 10.47 percent in 2010, a 23-year high, but it will slow to half that figure in 2011, the government said in a preliminary estimate.

The growth rate last year was the highest since 1987, the Directorate General of Budget, Accounting and Statistics said in a statement posted on its website late Monday.

For 2011, the directorate general predicted growth of 5.03 percent, stating that uncertain factors in the yea...

Chinese vice premier backs UK austerity drive

2011-01-12T04:30:22Z

Chinese Vice Premier Li Keqiang has backed Britain's austerity drive to tackle its huge deficit, in another vote of confidence in a European recovery as his three-nation tour neared an end.

Li, widely tipped to be the next premier, praised the "ambitious plans" to help economic recovery unveiled by the Conservative-Liberal Democrat coalition, ahead of the end of his Europ...

Japanese pray for good fortune as working year starts

2011-01-04T00:00:21Z

TOKYO (Reuters Life!) - Thousands of Japanese packed a Tokyo shrine on Tuesday, the first working day of 2011, to pray for better luck and a rebound in the lagging economy just days after ushering in the Year of the Rabbit.

By midday, some 70,000 people had visited Tokyo's Kanda Myoujin shrine, dedicated to several gods including the god of good fort...

Obama's New Year's resolution? Fix the economy

2011-01-01T03:30:28Z

HONOLULU (Reuters) - President Barack Obama has set his New Year's resolution high for 2011: repair the struggling economy.

In his weekly radio and Internet address on Saturday, the vacationing president said recent data show...

THE RUNDOWN

2010-12-17T02:30:58Z

Report forecasts slight economic improvements

Economic improvement in the U.S. will trickle down to Nevada in 2011 and 2012 and slightly boost visitor volume and gaming revenue, according to a forecast released Wednesday by UNLV's Canada's Finance Minister Jim Flaherty on Thursday called for a "pragmatic and moderate" monetary policy so as not to derail the country's fragile recovery, amid warnings of rising consumer debt.

"We have a fragile economic recovery," Flaherty told reporters.

"So, we have to watch the modest growth in the economy and not take action that would stifle the recovery," he said. "Th...

Vince Cable signals get-out for banks on bonus tax

2010-11-29T15:00:33Z

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WS Atkins feels the pain as Government cost-cutting bites

2010-11-29T15:00:25Z

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2010 ErgoExpo Opens Next Week

2010-11-29T14:29:43Z

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Summary Box: Wholesale inventories and sales rise

2010-11-09T10:30:57Z

Summary Box: Wholesale inventories post big increase in September

INVENTORIES JUMP: Inventories held at the wholesale level rose 1.5 percent in September. It was the ninth consecutive monthly gain and more than double what had been expected.

SALES UP: Sales at the wholesale level rose 0.4 percent in September, the third monthly gain.

OUTLOOK: The big rise in inventories and the smaller increase in sales were both seen as encouraging signs that companie...

Wholesale inventories and sales rise

2010-11-29T14:40:20Z

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Don't Expect Swedish-Style Rebound for U.S. Economy

2010-11-29T14:48:49Z

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Why Apple Should Thank Ben Bernanke

2010-11-05T06:41:16Z

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Obama sees areas of agreement with GOP

2010-11-03T10:30:53Z

Obama says there's 'a whole bunch of areas we can agree on' with Republicans

President Barack Obama says he thinks he can work with Republicans on energy and education.

The president cited those two issues after saying he sees "a whole bunch of areas we can agree on" with the GOP.

The president said...

Australian Wheat: A Bumper Crop for Diana Shipping

2010-11-29T14:48:51Z

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U.S. small businesses say recovery is months away: survey

2010-11-01T07:30:43Z

NEW YORK (Reuters) - U.S. small-business owners believe a U.S. economic recovery is unlikely to accelerate before the second half of 2011 amid worries about issues such as healthcare costs, according to a quarterly survey.

The survey, by human resources services company

UK growth doubles forecast

2010-10-26T09:30:28Z

LONDON (Reuters) - Britain's economy grew twice as fast as expected in the third quarter of this year, easing fears the recovery is faltering and dimming the chance of more quantitative easing from the Bank of England.

British finance minister

Survey: economy to grow at slower pace

2010-10-25T01:00:17Z

Economists lower expectations about pace of recovery; rise in demand and capital spending

The U.S. economy should continue to grow this year, though forecasters have lowered their expectations about the pace of recovery, according to a new survey.

The National Association for Business Economics survey, set to be rele...

The Recession Debate Continues: Yahoo!

2010-11-03T03:20:17Z

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What Tips Should Be Considered Before Entering the Interview?

2010-10-19T10:16:51Z

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Obama to press for stimulus payments for seniors: WHouse

2010-10-15T09:30:55Z

President Barack Obama will press Congress to approve 250 dollar stimulus payments to seniors, veterans and the disabled, the White House said Friday amid persistent worries about the US economic recovery.

The Social Security Administr...

Gold101.com More economists expect precious metals to fare well in 2010

2010-11-02T18:02:09Z

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Online Degrees- Are they worth the Time and Money?

2010-11-02T18:26:27Z

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CAD reaches high

2010-11-02T17:59:03Z

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The Recession and Divorce: How Money Problems are Hurting Morale and Marriages

2010-11-02T21:09:33Z

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Slow Climb In Materials Stocks Now Boarding

2010-11-02T12:27:33Z

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Moody's raises Ukraine rating

2010-10-11T08:31:15Z

Moody's raises Ukraine rating after IMF loan

Credit ratings agency Moody's has raised Ukraine's sovereign rating after the country secured a $15 billion bailout loan and showed signs of recovery from the global downturn.

The agency raised the rating from negat...

US mailed stimulus money to the deceased and prisoners

2010-10-08T19:18:20Z

The US Treasury mistakenly sent more than 20 million dollars in stimulus payments to dead people and prisoners as part of an effort to jolt the US economy out of recession, an investigation has found.

The 2009 American Recovery and Investment Act authorized one-time 250 dollar payments to about 52 million people, totall...

Summary Box: Midnight grocery lines

2010-10-06T16:01:03Z

Midnight grocery lines a sign of continued tough times for growing ranks of the lowest-income

THE SCENES: Shoppers line up at grocery stores at midnight when food stamps and other benefits are deposited into their accounts, crowding stores when many people are home sleeping.

WHY THEY'RE THERE: After scrimping to make it through the month, shoppers go out in the middle of the night because they don't want to wait any longer to restock their pantries.

TH...

Regional banks, data storage cos.

2010-10-06T15:14:10Z

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German industrial orders surge in August

2010-10-06T06:15:37Z

German factories raked in foreign orders at a brisk pace in August when demand for German goods jumped 3.4 percent in another signal Europe's biggest economy was on the mend, official figures showed Wednesday.

The August surge beat expectations, fully compensating for a decline of 1.6 percent in July, and pointed to deepening recovery in the eurozone.

Analys...

Ahead of the Bell: Marriott International

2010-10-06T06:15:16Z

Marriott International looks for signs of recovery in 3rd quarter

Marriott International Inc. will let investors know on Wednesday if it is seeing any signs of recovery when it reports its third-quarter results after the stock market closes.

The hotel owner and operator, like many of its peers, has felt the pressure of the weak economy as business and leisure t...

Austerity measures causing deflation spiral: Soros

2010-10-05T10:00:15Z

NEW YORK (Reuters) - Europe's austerity measures are throwing the region into a "deflation spiral" that threatens its economic recovery, billionaire investor George Soros said on Tuesday.

(Reporting by Walter Brandimarte; Editing by Chizu Nomiyama)

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IMF sees 3.3 percent German growth in 2010: report

2010-09-25T05:00:03Z

BERLIN (Reuters) - The German economy should expand by 3.3 percent in 2010 and two percent in 2011, the International Monetary Fund (IMF) will report in early October, German magazine Kokomo, Ind. Mayor Greg Goodnight describes the economic recovery of the city on Friday Nov. 19, 2010. (AP Photo/Tom Strickland)

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China Economy

2010-10-21T01:51:26Z

In this Sept. 29, 2010 photo, a worker moves piles of brass tubes at a factory in Zhuji, in east China's Zhejiang province. China's rapid growth slowed in the latest quarter as Beijing steered its expansion to a more sustainable level, possibly cutting its contribution to a global recovery. The world's ...

Economy

2010-08-27T07:45:21Z

FILE - In this file photo taken on Aug. 5, 2010, workers rest near a loaded cargo ship at the Tianjin port in China. The economy grew at a much slower pace this spring than previously estimated, mostly due to the largest surge in imports in 26 years and a slower buildup in inventories. (AP Photo/Andy Wong, file)

Wall Street

2010-08-20T05:16:02Z

In ths photograph taken Aug. 19, 2010, traders work on the floor of the New York Stock Exchange, in New York. Stock futures are falling as investors continue a sell-off Friday, Aug. 20, that began a day earlier over worries about the pace of economic recovery. (AP Photo/Henny Ray Abrams)

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Britain Economy

2010-08-11T07:30:38Z

Shoppers walk by a shop on Oxford Street in London, Wednesday, Aug. 11, 2010. The Bank of England has lowered its economic growth forecast for next year, warning that Britain faces a "choppy recovery" amid great uncertainty about the outlook for the

Economic Recovery