Topic: Reuters Group plc

White House sees fragile moment for world economy

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 ...

Fitch downgrades Greece

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 ...

ECB's Gonzalez-Paramo: April rate hike possible

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 for ...

Japanese pray for good fortune as working year starts

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, ...

Austerity measures causing deflation spiral: Soros

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)84764534&bid=informcom" /> Copyright 2010  Reuters US Online Report Business ...

IMF sees 3.3 percent German growth in 2010: report

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 Der Spiegel said on Saturday.That forecast is line with many private economists. ...

Summers says economy healthier now than year ago

WASHINGTON (Reuters) - Top White House economic adviser Lawrence Summers said on Thursday the U.S. recovery has a long way to go but the economy is far healthier now than it was a year ago."At (that) time it was reasonable to ask ...

Big mood shift seen in year after Lehman

NEW YORK (Reuters) - U.S. stocks are poised to repeat their advance this week as investors bet that the economic recovery is gaining strength and company outlooks are turning rosier.Despite the anniversary this week of Lehman Brothers Holdings' collapse and the tumult ...
Gold hit a two-month high Thursday as investors sought a safe haven, but other commodities fell even as the dollar slid on worries that economic recovery would be painfully slow. The 19-commodity Reuters-Jefferies CRB index fell 1%, retreating a day after it ...