Economy News

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RPT-UPDATE 1-Australian jobs jump in April, underpin economy 7 May 08, 23:51 ET SYDNEY, May 8 - Australia employment growth blew past expectations in April, pointing to a still-healthy labour market even as other parts of the economy buckle before higher interest rates and rising living costs. more Economy dents EL used car market 7 May 08, 23:48 ET THE National Credit Act (NCA), cheap car imports, high interest rates and fuel prices have put the brakes on East London’s used vehicle market. ... more Finance students give advice on economy 7 May 08, 23:44 ET As the high cost of living and economic downturns leave many people in the US struggling with debt, job loss and foreclosure, CSUN finance students and ... more Researcher: 'Energy Center' Could Help Turn Economy Around 7 May 08, 23:40 ET In March, Site Selection magazine ranked the Sioux City metro as one the nation's best areas for economic development. Now, a Florida research firm has ... more Hu makes 4-point proposal for China-Japan economy, trade co-op 7 May 08, 23:35 ET Visiting Chinese President Hu Jintao on Wednesday put forward a four-point proposal for further development of China-Japan economic and trade cooperation. ... more Federal official optimistic about economy 7 May 08, 23:23 ET Check's in the mail: The treasury secretary says the worst of the credit and housing crunches are over. By JEANNINE AVERSA and MARTIN CRUTSINGER The ... more Ill economy drives 'No' vote 7 May 08, 23:08 ET By Carolyn Casey The state of the economy and the wording on the ballot played roles in the quarter-cent sales tax increase failing in the Twin Counties, ... more Buyers defy economy at Sotheby's NY art auction 7 May 08, 23:08 ET American art collectors defied a sinking economy on Wednesday, making up nearly 70 percent of buyers at a Sotheby's New York sale that saw records smashed for work by artists Edvard Munch and Fernand Leger. more US buyers defy economy at Sotheby's NY art auction 7 May 08, 23:07 ET By Michelle Nichols NEW YORK, May 7 (Reuters) - American art collectors defied a sinking US economy on Wednesday, making up nearly 70 percent of buyers at a ... more Slovakia sees euro boost for economy, but fear grows 7 May 08, 23:03 ET Bratislava - Slovakia's admission into the euro club crowned a post-communist boom and marked a historic shift that its leaders say will further boost the ... more Slovakia sees euro boost for economy, but fear grows - Feature 7 May 08, 22:51 ET Bratislava - Slovakia's admission into the euro club crowned a post-communist boom and marked a historic shift that its leaders say will further boost the ... more Slovakia sees euro boost for economy, but fear grows (News Feature) 7 May 08, 22:48 ET Bratislava - Slovakia's admission into the euro club crowned a post-communist boom and marked a historic shift that its leaders say will further boost the ... more S.Korea's economy slowing, CPI accelerating-c.bank 7 May 08, 22:46 ET SEOUL, May 8 (Reuters) - South Korea's economic growth is slowing considerably while consumer price inflation will probably stay above the Bank of Korea's ... more Little comfort for RBA in jobs data: Economy roundup 7 May 08, 22:42 ET A boost in the number of jobseekers to record levels has pushed Australia’s unemployment rate up slightly to 4.2% in April. More than 17000 new candidates ... more UPDATE 1-Australian jobs jump in April, underpin economy 7 May 08, 22:24 ET By Wayne Cole SYDNEY, May 8 (Reuters) - Australia employment growth blew past expectations in April, pointing to a still-healthy labour market even as other ... more Australian jobs jump in April, underpin economy 7 May 08, 22:20 ET SYDNEY, May 8 (Reuters) - Australia employment growth blew past expectations in April, pointing to a still-healthy labour market even as other parts of the economy buckle before higher interest rates and rising living costs. more Vectren sustainability project to benefit environment and economy 7 May 08, 22:18 ET As part of a cross-industry sustainability project, fly ash yielded from Vectren Corporation’s (NYSE: VVC) southwestern Indiana generating stations, ... more Slowing economy taking a toll on the wedding industry 7 May 08, 22:15 ET Could the struggling economy affect your walk down the aisle? Wedding businesses are facing higher costs, and brides are hesitant to spend as much as in ... more UPDATE 1-South Korea holds rates as prices, economy worry 7 May 08, 22:05 ET SEOUL, May 8 (Reuters) - South Korea's central bank held interest rates steady for the ninth consecutive month on Thursday, saying Asia's fourth-largest ... more Oil Trades Near Record on Signs U.S. Economy May Spur Demand 7 May 08, 22:03 ET May 8 (Bloomberg) -- Crude oil was little changed near a record in New York on signs the U.S. economy was improving, spurring energy demand at a time when refineries are producing less fuel ahead of the peak summer demand season. more Oil Trades Near Record on Signs US Economy May Spur Demand 7 May 08, 21:54 ET By Christian Schmollinger May 8 (Bloomberg) -- Crude oil was little changed near a record in New York on signs the US economy was improving, spurring energy ... more New Zealand employment falls as labor market softens, economy slows 7 May 08, 21:48 ET New Zealand's unemployment rate rose slightly and its employment rate recorded its largest percentage drop in almost two decades in data released Thursday, indicating a softening labor market as the economy slows. more South Korea holds rates as prices, economy worry 7 May 08, 21:42 ET SEOUL, May 8 - South Korea's central bank held interest rates steady for the ninth consecutive month on Thursday, saying Asia's fourth-largest economy was faced with conflicting risks from inflation and economic slowdown. more Economy adds 25400 jobs 7 May 08, 21:35 ET By a staff reporter Australia's economy added jobs in April, extending the employment growth for an 18th consecutive month and leaving the Reserve Bank ... more Fallen Earth QotW: Economy, Clan Symbols & Mutation Animations 7 May 08, 21:31 ET Fallen Earth team released their latest QotW feature loaded with the weekly progress update, confirming their participation in the upcoming Leipzig Game ... more Labor seeks benefits of green economy 7 May 08, 21:30 ET By CHRIS FRATES | 5/7/08 9:12 PM EST Photo: AP After years of decline, Big Labor is hoping to revive its movement by hitching a ride with the ... more Small and medium scale businesses have boosted economy 7 May 08, 21:29 ET By CLEMENT ADEYI Contrary to common belief, complaints and flak against the Nigerian economy described as relatively poor, due to abject poverty, ... more Oil's Slippery Slide and Longshots to Grease Economy 7 May 08, 21:20 ET By WEIR, James WITH petrol approaching $1.90 a litre in New Zealand, heading for the highway and looking for adventure is just wildly expensive. ... more Euro hits 2-mth low vs dollar on economy worries 7 May 08, 21:13 ET By Chikako Mogi TOKYO (Reuters) - The euro fell to a two-month low against the dollar on Thursday, as a sharp drop in euro zone retail sales raised worries ... more A Tough Economy Requires Customer Focus, Better Training and New ... 7 May 08, 21:04 ET SAN DIEGO, May 7 /PRNewswire-FirstCall/ -- Adopting a customer-centric approach can be a winning business model in tough economic times, a Comerica Bank ... more Global markets are challenge for Israel economy 7 May 08, 20:52 ET A tiny country of 7 million people, with few natural resources and surrounded by enemies, Israel has against the odds built an economy that has achieved global status and growth of 5 percent a year since 2003. more Kazakhstan economy causing alarm 7 May 08, 20:47 ET Alarm bells have been sounded about Kazakhstan for the second time in a week, with warnings that the economy is dangerously exposed because of years of rampant borrowing by banks and an unprecedented construction boom. more News Corp sees US economy hurting advertising 7 May 08, 20:29 ET By Kenneth Li Reuters NEW YORK: Rupert Murdoch said on Wednesday stress in the US economy is squeezing advertising budgets, adding that News Corp's Fox ... more Pak economy faces severe inflationary pressure - The News 7 May 08, 20:28 ET By Israr Khan ISLAMABAD: Prices of fertilisers have jacked up in the range of 15 per cent to 187 per cent, Compressed Natural Gas (CNG) charges up by 14.56 ... more Exports, Keeping Economy In the Black 7 May 08, 20:27 ET Good story in today's Washington Post, "Buoyed by Foreign Money," on export-driven economic growth, including a 5.5 annual rate of increased exports in the ... more News Corp sees economy hurting advertising 7 May 08, 20:27 ET Rupert Murdoch said on Wednesday stress in the U.S. economy is squeezing advertising budgets, adding that News Corp's Fox Interactive Media would miss an ambitious $1 billion annual revenue goal by 10 percent. more Minnesota's bubble economy: the critical need to prevent our ... 7 May 08, 20:23 ET By staff , Minnesota 2020 Minnesota agriculture is riding high — perhaps too high to be sustainable. Clearly, price bubbles are forming around farmland and ... more UPDATE 2-News Corp sees US economy hurting advertising 7 May 08, 20:23 ET By Kenneth Li NEW YORK, May 7 (Reuters) - Rupert Murdoch said on Wednesday stress in the US economy is squeezing advertising budgets, adding that News ... more U.K Economy Grew 0.4% In Quarter To April - NIESR 7 May 08, 20:21 ET (RTTNews) - Great Britain' s economy grew at an estimated rate of 0.4 percent during the three months to April 2008, according to a report published Wednesday by the National Institute of Economic and Social Research (NIESR). more UK Economy Grew 0.4% In Quarter To April - NIESR 7 May 08, 20:14 ET (RTTNews) - Great Britain’s economy grew at an estimated rate of 0.4 percent during the three months to April 2008, according to a report published ... more FEATURE-Global markets are challenge for Israel economy 7 May 08, 20:06 ET By Steven Scheer JERUSALEM, May 8 (Reuters) - A tiny country of 7 million people, with few natural resources and surrounded by enemies, Israel has against ... more Report Says Minnesota Farmiing Economy on Verge of Busting 7 May 08, 19:49 ET Albert Lea, MN - A new report suggests Minnesota's farm economy could spiral out of control, like in the early 1980's. But some say that isn't true. ... more Tough economy pulls Tennessee retiree out of retirement 7 May 08, 19:39 ET As the economy tightens, many people are cutting back to make ends meet, and some seniors are finding out they might need a little more money to stay retired -- leaving some with no choice but to re-enter the workforce. more Gas Prices Cause People To Look For Economy Car 7 May 08, 19:32 ET A lot of people from California are coming in to Yuma where gas prices are .70 cheaper. In another way to save money, people are also trading in SUV's and ... more The general election and the economy 7 May 08, 19:32 ET In one blog post published on Wednesday, Paul Krugman observed that Hillary Clinton's advocacy of a gas tax holiday, irrespective of the merits of the idea, ... more The computer model that once explained the British economy 7 May 08, 19:15 ET It is 2 metres (7ft) tall, 1.5 metres wide and a metre deep. It runs on water and most of the time it is screened off at the back of a lecture room in ... more Economy to stay flat in April 7 May 08, 19:09 ET Economic growth was flat in April but could decline next month, according to a forecast from a research group. The National Institute of Economic and Social ... more Wyo. economy should hold out 7 May 08, 19:05 ET By Bill McCarthy CASPER -- Wyoming lost ground in terms of diversifying its economy, but the energy sector should be resilient enough to get the state ... more Luxury Hotels Not Hurt by Economy 7 May 08, 19:00 ET Occupancy at luxury hotels is down, but room revenues are climbing. New high-end hotels continue to be built. Due to a reduction in budgets for business ... more Bushleague Manatement of Our Economy: Do we want to continue this ... 7 May 08, 18:57 ET by Donna M. Harry Truman said, "No man should be allowed to be president who doesn't understand hogs." That's never been more true than it will be for the ... more Productivity Solid As Companies Trim Hours Worked 7 May 08, 18:43 ET Investor's Business Daily - American companies boosted productivity more than expected in the first quarter by cutting jobs and hours worked as the economy stalled, according to Labor Department data out Wednesday. more As economy slows down, many choosing to put off cosmetic procedures 7 May 08, 18:26 ET By Keith Darce With home prices falling, unemployment rates climbing and the economy slipping toward or already in a recession, fewer people are finding ... more Gutierrez: Stimulate America's economy through trade 7 May 08, 18:11 ET Beginning this month, 130 million Americans will receive economic stimulus checks, many postmarked from Austin. This capital city is just one of four ... more Lazear Sees No Recession for US Economy 7 May 08, 18:04 ET By HENRY J. PULIZZI and JOHN D. MCKINNON WASHINGTON -- The White House's top economist said he's confident the US economy hasn't dipped into recession, ... more Argentinean Minister of Economy ponders bonds placement in Venezuela 7 May 08, 18:01 ET Argentinean Minister of Economy Carlos Fernández will meet Thursday with Minister of Finance Rafael Isea in Caracas to discuss the potential placement in ... more Amid economy's woes, churchgoers give 7 May 08, 17:59 ET NASHVILLE, Tenn. (BP)--While economists debate how serious America's economic slowdown really is, Southern Baptist pastors report their members are still ... more Soros Says Impact of Crisis on Economy Just Starting (Update3) 7 May 08, 17:55 ET By Ian Katz May 7 (Bloomberg) -- Billionaire investor George Soros said the ``acute phase'' of the financial crisis is ``largely behind us'' even as the US ... more New Zealand Dollar Falls on Outlook for Employment, Economy 7 May 08, 17:53 ET By Tracy Withers May 8 (Bloomberg) -- New Zealand's dollar fell a second day amid expectations a report will show employment contracted in the first quarter ... more Economy makes Italian diets a thing of the pasta 7 May 08, 17:50 ET By Richard Owen in Rome THE Mediterranean diet is under threat in the country that invented it as rising prices for staples such as pasta, bread, ... more It's the economy 7 May 08, 17:44 ET By Howard Hoffman on May 7, 2008 4:32 PM | Permalink | Comments (0) | TrackBacks (0) Economics professor and New York Times columnist Paul Krugman posits on ... more Asian markets mixed; Japan up by optimism over US economy 7 May 08, 17:36 ET AP BANGKOK, Thailand: Asian markets were mixed Wednesday, with Japan and a few other market boosted by gains on Wall Street and growing optimism over ... more Buffett takes a pessimistic view of the economy 7 May 08, 17:19 ET By Rachel Beck, AP writer Courtesy AP Warren Buffett's comments on the investment outlook usually resonate, and those over the weekend were no exception: ... more In Congress, Tempers Flare Over the Economy 7 May 08, 17:15 ET Before lawmakers even began debating legislation over the government’s involvement in the housing turmoil, tempers flared and led to a shouting match on the ... more Thomson Reuters ideally positioned to lead in information economy ... 7 May 08, 17:15 ET TORONTO — The newly merged electronic data giant Thomson Reuters Corp. (TSX:TRI) is "off to a strong start" in the global information economy, ... more Consumer borrowing unexpectedly surges in March 7 May 08, 17:09 ET AP - Consumer borrowing rose in March at the fastest pace in four months, more than double the increase of the previous month, in what was seen as a sign of rising economic stress. more Clinton Talks About Economy, Healthcare While Campaigning At ... 7 May 08, 17:06 ET SHEPHERDSTOWN, WV – Presidential candidate Hillary Clinton was joined by her daughter Chelsea to the Four-State Region. This comes just a day after losing ... more US Economy: Productivity Rises More Than Forecast (Update2) 7 May 08, 16:41 ET By Courtney Schlisserman May 7 (Bloomberg) -- US worker productivity unexpectedly accelerated in the first quarter and helped curb inflation as companies ... more Tremonti gets 3rd chance as Italy economy minister 7 May 08, 16:35 ET By Gavin Jones ROME, May 7 (Reuters) - Giulio Tremonti, appointed Italy's economy minister for the third time, faces the daunting task of reviving a wilting ... more NEWSMAKER-Tremonti gets 3rd chance as Italy economy minister 7 May 08, 16:35 ET By Gavin Jones ROME, May 7 (Reuters) - Giulio Tremonti, appointed Italy's economy minister for the third time, faces the daunting task of reviving a wilting ... more Co-operatives put forward as key drivers of economy 7 May 08, 16:31 ET Boosting the role of co-operative businesses in the economy could help Scotland compete with her fast-growing rivals, John Swinney said yesterday. more Unstable economy keeps Lanka as backward nation - Wegapitiya 7 May 08, 15:59 ET By Damayanthi Hewamanna Sri Lanka is still a backward nation and is facing great challenges due to an unstable economy Laugfs Chairman WKH Wegapitiya said. ... more Amusement park CEO expects high attendance despite struggling economy 7 May 08, 15:56 ET SANDUSKY, Ohio (AP) -- The head of Cedar Fair Entertainment says attendance at the company's amusement parks should increase if travelers stay closer to ... more Cowen elected Irish PM, faces slowing economy 7 May 08, 15:38 ET DUBLIN (Reuters) - Brian Cowen was elected Irish prime minister on Wednesday and allies and opponents warned the former finance minister he faced a tough ... more TRUCK FUEL ECONOMY LEADER IS BEST SOLUTION 7 May 08, 15:29 ET WARRENVILLE, Ill. (May 7, 2008) Record diesel prices are driving on-highway trucking customers to look for every edge to curb fuel costs, beginning with ... more Paraguay President Prioritizes Economy 7 May 08, 15:24 ET Asuncion, May 7 (Prensa Latina) Paraguayan President elect Fernando Lugo said on Wednesday the priority of the technical team that will take power in August ... more Permian Basin Home Builders Association Touts Strength of West ... 7 May 08, 15:22 ET The West Texas economy and housing market continue to buck the national trend. With the lowest unemployment rates in Texas and responsible lending, ... more Thomson Reuters 'ideally positioned' for information economy: CEO 7 May 08, 15:21 ET TORONTO — Electronic data giant Thomson Reuters Corp. is “ideally positioned” to be a leader in the global information economy, chief executive officer Tom ... more Insurance sector gets boost as economy grows rapidly: Zillur 7 May 08, 15:07 ET Commerce Adviser Dr Hossain Zillur Rahman yesterday said that the importance of insurance business is assuming a new dimension with the rapid growth of the ... more Truck Fuel Economy Leader is Best 7 May 08, 15:03 ET Record diesel prices are driving on-highway trucking customers to look for every edge to curb fuel costs, beginning with their choice of truck. ... more US Economy: Productivity Rises More Than Forecast (Update1) 7 May 08, 15:00 ET By Courtney Schlisserman May 7 (Bloomberg) -- US worker productivity unexpectedly accelerated in the first quarter and helped curb inflation as companies ... more Economy is sending more kids to universities, community colleges 7 May 08, 14:53 ET By AJ O'CONNELL STAMFORD — Local schools say they are not yet feeling the effects of the student loan credit crunch, although the economy is changing ... more Can the Economy Survive $200-a-Barrel Oil? 7 May 08, 14:50 ET It's an economic experiment I would rather not take part in: seeing how $200-a-barrel oil would affect the US and global economy. ... more For economy's sake, rein in government regulations 7 May 08, 14:43 ET So the nation has thus far escaped recession, according to last week's report of miniscule economic growth. Of course, we're still shedding jobs, ... more New Economy Fund potentially made $28054000 on Millennium ... 7 May 08, 14:38 ET Note: All amounts are based on price of stock at date reported versus the current price! The do not represent actual profit/loss! ... more Trustee: Tinley to save region's economy with 1000 new jobs 7 May 08, 14:03 ET By Kristen Schorsch, Staff writer Tinley Park is going to save the region's economy thanks to 1000 new jobs that will come to the village this year, ... more AP Interview: Paulson says credit crisis may be fading 7 May 08, 14:00 ET AP - Treasury Secretary Henry Paulson said Wednesday the worst of the credit crisis may have passed but acknowledged that rising gas prices will blunt the effect of 130 million economic stimulus checks. He ruled out a second stimulus package for now. more Costa Rica Real Estate Market Thrives – Falling US Economy Shows ... 7 May 08, 13:57 ET Costa Rica now boasts a thriving real estate market today and investors are taking this opportunity to invest and find quick returns on real estate in a ... more Seven Questions: Mohamed El-Erian on the New Global Economy 7 May 08, 13:50 ET Mohamed El-Erian is one of the world’s most respected financial and economic analysts. Now, he shares his insights on the realignment of the global economy ... more Truck Fuel Economy Leader is Best Solution to High Price of Diesel 7 May 08, 13:49 ET WARRENVILLE, Ill.--(BUSINESS WIRE)--Record diesel prices are driving on-highway trucking customers to look for every edge to curb fuel costs, beginning with ... more Economy pinching most churches, but giving still strong 7 May 08, 13:47 ET By Mark Kelly NASHVILLE, Tenn. - While economists debate how serious America's economic slowdown really is, Southern Baptist pastors report their members ... more Soft Economy, Economic Downturn, & the R-Word – Before You Hit the ... 7 May 08, 13:43 ET Well, here we go again; the economy is in a state of flux. Downturn, slowed economy, recession; all the dreaded words come back to us once again. ... more COST: Impact of Health Care Costs on Global Economy and US Jobs 7 May 08, 13:41 ET Throughout the primary season we have heard two things consistently from voters: they are worried about the economy and concerned about affording health ... more McGuinty not surprised poll shows feds will bear blame for Ontario ... - Metro Canada 7 May 08, 13:38 ET TORONTO - Premier Dalton McGuinty isn't surprised by a poll showing the federal Conservatives will pay a stiff price in a future election if Ontario falls ... more Even in a tight economy, high school proms still go on 7 May 08, 13:37 ET By Julia Torres Barden CONTRIBUTING WRITER Money was no option for Cinderella, whose perfect dress materialized with the wave of her Fairy Godmother's wand. ... more Professor: US economy strong enough to fight off recession 7 May 08, 13:36 ET By HAROLD COBIN WILTON — Is the size and diversity of the US economy enough to ward off a recession, or will rising unemployment, declining home prices and ... more Politics, Economy Collide in West Virginia 7 May 08, 13:33 ET By Robin Mazyck and David Brody All eyes are on this new and unlikely battle ground state which is rich in coal, oil, timber and natural gas - highly sought ... more Wyoming economy grows, but slower 7 May 08, 13:18 ET AP - May 7, 2008 12:05 PM ET CASPER, Wyo. (AP) - Speakers at an economic conference in Casper say Wyoming's economic growth has slowed since 2006 but ... more Economy poll's findings not surprising: McGuinty 7 May 08, 13:18 ET TORONTO — Premier Dalton McGuinty isn't surprised by a poll showing the federal Conservatives will pay a stiff price in a future election if Ontario falls ... more NRF: Tax Rebate Checks to Immediately Pump $43 Billion into Economy 7 May 08, 13:13 ET According to a new National Retail Federation (NRF) survey conducted by market intelligence firm BIGresearch, consumers plan to spend 40.6 percent of tax ... more Critical Marketing Challenges - 2008 Part 1: The Weak Economy 7 May 08, 13:02 ET With the general consensus among economists being that the economy is indeed taking an extended downturn, common wisdom would have it that marketing budgets ... more McGuinty not surprised poll shows feds will bear blame for Ontario ... 7 May 08, 12:36 ET TORONTO — Premier Dalton McGuinty isn't surprised by a poll showing the federal Conservatives will pay a stiff price in a future election if Ontario falls ... more Medical Research is Essential to Improving The Economy and Bettering Lives 7 May 08, 12:23 ET Health care in the United States is expensive, but its funding is crucial because it also is a major contributor to the economy and can better lives, according to an essay appearing in the June 2008 issue of the Journal of the American Society Nephrology (JASN). Because of the cost of health care, this is not time to shrink the budget at the National Institutes of Health, which funds medical ... more Oil sets yet more highs despite U.S. inventory rise 7 May 08, 12:17 ET Reuters - Oil set yet more record highs on Wednesday even after a large increase in U.S. crude inventories as concerns over global supplies continued to linger. more Cowen voted new Irish PM as economy weakens 7 May 08, 12:04 ET Irish deputies on Wednesday elected Brian Cowen prime minister as friends and foes alike warned the former finance minister faced a tough task steering the economy through a sharp slowdown. more McCain: Mich. economy fix lies in helping displaced workers 7 May 08, 12:00 ET By JEFF KAROUB AP ROCHESTER, Mich. (AP) — The answers to fixing Michigan's ailing economy lie not in doing away with free trade agreements, but in focusing ... more Ford's New 6-Speed Automatic Transmission Offers 4-6 Percent Fuel ... 7 May 08, 12:00 ET The 6F35 will be mated to a new 2.5L I-4 engine and a power-improved 3.0L V-6 in the 2009 Escape and Mariner. The engine offers horsepower increases of 17hp ... more Paul Krugman: An economy held together by duct tape