Economy News

Last update: 258 days, 6 hours ago

Wall Street eyes US consumer to keep rally going 13 Nov 09, 23:06 ET AFP - A resurgent Wall Street will keep a close eye on the state of the US consumer in the coming week for signs of a stronger economic recovery heading into the year-end holidays. more NY Fed president: Crisis can teach finance system 13 Nov 09, 22:56 ET AP - The president and CEO of the Federal Reserve Bank of New York said Friday that the financial world can learn from the economic crunch of the past two years and become stronger. more Eastday-Chinese president puts forward four-point proposal on reviving world economy 13 Nov 09, 22:44 ET Chinese President Hu Jintao on Friday advanced a four-point proposal to boost economic growth and revive world economy during a speech at the Asia-Pacific Economic Cooperation CEO Summit. more Obama calls on Asia for 'balanced' economic growth 13 Nov 09, 21:53 ET AFP - US President Barack Obama called on Asia to embrace "balanced and sustained" economic growth, to secure a global rebound from the deepest economic crisis in decades. more Will a Bad Economy Ruin LeBron, Wade and Bosh's 2010 Plans? 13 Nov 09, 21:23 ET This past week I've been crunching salary cap numbers after a Heat source told me they were trying to find a way to lure both LeBron James and ... more UPDATE 1-Panama economy could grow 5 pct in 2010 -ministry 13 Nov 09, 20:55 ET PANAMA CITY, Nov 13 (Reuters) - Panama expects economic growth of at least 5 percent next year and is planning fiscal reform measures as it works to obtain ... more Eurozone economy out of recession after 0.4% rise 13 Nov 09, 20:54 ET Eurozone economy crawls out of recessionNational Post more China's Hu prods West on trade, investment barriers 13 Nov 09, 20:23 ET Reuters - Chinese President Hu Jintao called on Friday for an end to "unreasonable" trade restrictions on developing countries, just days ahead of a U.S. presidential visit to his country that has been clouded by economic tensions. more US senator unveils tax credit for jobs 13 Nov 09, 18:14 ET AFP - A Democratic US senator on Friday unveiled details of a plan to create a tax credit for businesses that create jobs, as the White House has called a December summit to tackle sky-high unemployment. more US Economy: Consumer Sentiment Unexpectedly Falls 13 Nov 09, 17:45 ET Nov. 13 (Bloomberg) -- Confidence among US consumers unexpectedly dropped in November as the loss of jobs threatened to ... more U.S. Economy: Consumer Sentiment Unexpectedly Falls (Update1) 13 Nov 09, 17:44 ET Nov. 13 (Bloomberg) -- Confidence among U.S. consumers unexpectedly dropped in November as the loss of jobs threatened to undermine the biggest part of the economy. more Rich buying again, but middle class still hurting 13 Nov 09, 17:05 ET AP - American shoppers are splitting again: The affluent are finally starting to buy, picking up designer clothes at places like Nordstrom, while those on the lower economic rungs are still scrimping by, heading to Walmart for the basics. more Mega-cruiser docks in US amid choppy economic waters 13 Nov 09, 17:01 ET AFP - The largest and most expensive cruise ship in the world arrived in Florida Friday, where it faces a challenge to fill its multitude of berths as Americans struggle to keep their heads above water. more Fed's Evans: Policy to remain accommodative into 2010 13 Nov 09, 16:59 ET Reuters - Chicago Federal Reserve President Charles Evans said on Friday that U.S. monetary policy was likely to remain accommodative well into next year, but that the tools for shifting gear were being explored. more Australian, NZ Dollars Gain for Second Week on Economy 13 Nov 09, 16:47 ET Euro Gains Against Yen and Dollar: Economy is Recovering100 Mortgages more Obama administration faults Senate bank bill 13 Nov 09, 15:32 ET Reuters - The Obama administration on Friday pushed back against a proposal in the U.S. Senate to create a single bank super-regulator and strip the Federal Reserve of its supervisory powers. more One-week layoff drives up jobless claims in La. 13 Nov 09, 15:20 ET AP - First-time claims for jobless benefits in Louisiana shot up 21 percent last week because of a temporary one-week layoff in the transportation equipment sector. more Eurozone economy crawls out of recession 13 Nov 09, 15:16 ET German economy gains a little momentum in 3rd quarter, grows by 0.7 per centThe Canadian Press more Harper arrives in Singapore for 24-hour APEC summit on trade, economy 13 Nov 09, 15:14 ET Chinese president makes 4-point proposal to boost world economy at APEC CEO SummitXinhua more Dollar decline continues as trade deficit widens 13 Nov 09, 14:56 ET AP - The dollar dropped Friday after the government said the trade deficit widened in September, while the 16-nation eurozone officially emerged from recession, luring investors away from the safe-haven dollar. more Realtors: home prices to rise 4 percent in 2010 13 Nov 09, 14:48 ET AP - The chief economist for the National Association of Realtors says home prices will grow 4 percent next year and home resales will keep rising as the housing market continues to recover. more Abercrombie & Fitch 3rd-quarter profit falls 13 Nov 09, 14:28 ET AP - Preppy clothing seller Abercrombie & Fitch Co. will add new items at lower prices and continue expanding internationally — where sales are stronger than the U.S. — to combat declining profit as the U.S. economy remains weak. more US Economy: Consumer Sentiment Falls as Unemployment Mounts 13 Nov 09, 14:26 ET Nov. 13 (Bloomberg) -- Confidence among US consumers unexpectedly dropped in November as the loss of jobs threatened to ... more Asia must lead global economy, says IMF 13 Nov 09, 14:21 ET UPDATE 1-Canadian economy improving, currency a risk - IMFReuters more A look at economic developments around the globe 13 Nov 09, 14:10 ET AP - A look at economic developments and activity in major stock markets around the world Friday: more Workers may jump ship as economy improves 13 Nov 09, 14:01 ET Layoffs, cuts in compensation and lack of opportunity are creating a disgruntled work force that's more likely to jump ship as soon as the economy rebounds, says research from the CEB. more Federal Reserve says Midwest farm economy weakens 13 Nov 09, 13:32 ET AP - The Federal Reserve Bank of Kansas City says lower income contributed to a weaker farm economy during the third quarter in some Midwest and Western states. more U.S. Economy: Consumer Sentiment Falls as Unemployment Mounts 13 Nov 09, 13:28 ET Nov. 13 (Bloomberg) -- Confidence among U.S. consumers unexpectedly dropped in November as the loss of jobs threatened to undermine the biggest part of the economy. more H1N1 unlikely to have noticeable effect on economy, TD says. 13 Nov 09, 13:10 ET OTTAWA - Economic activity in Canada is unlikely to suffer a lasting blow from the H1N1 virus, ... more Meeting expected to pump $100M into state economy 13 Nov 09, 12:41 ET AP - The Hawaii Tourism Authority calculates delegates to the Jehovah's Witnesses convention at the Hawaii Convention Center to spend about $100 million. more Senate ag committee to hold hearing in Little Rock 13 Nov 09, 12:40 ET AP - Sen. Blanche Lincoln says the Senate's agriculture committee will meet in Arkansas later this month for a field hearing on how to strengthen and grow Arkansas' rural economy. more Import surge pushes up US trade gap 13 Nov 09, 12:24 ET AFP - Surging imports pushed up the US trade deficit by a hefty 18 percent in September, official data showed Friday in a sign of improving trade flows and a healing global economy. more Obama eyes domestic spending freeze 13 Nov 09, 12:09 ET AP - The Obama administration is alerting domestic agencies to expect their budgets will be frozen or even cut by 5 percent, part of an election-year push to rein in record deficits that threaten the economy and Democrats' political prospects next fall. more Eurozone leaves the UK economy behind 13 Nov 09, 12:07 ET Europe's Economy Emerges From Recession on ExportsBloomberg more U.S. confidence likely decline into holidays: U.Mich 13 Nov 09, 11:52 ET Reuters - U.S. consumers are reeling from job losses, holding back on big ticket purchases and worried that unemployment will peak at 10.75 percent in the year ahead, the director of the Reuters/University of Michigan Surveys of Consumers said on Friday. more Sask. economy will contract, then rebound slightly in 2010 13 Nov 09, 11:39 ET BC economy will grow fastest in 2010, report saysVancouver Sun more Consumer sentiment falls in November 13 Nov 09, 11:14 ET Reuters - U.S. consumer sentiment fell in early November to the weakest in three months amid grim expectations for job and income prospects, a survey showed on Friday. more Obama aide: urgency for regulation may be fading 13 Nov 09, 11:05 ET Reuters - A top economic adviser to U.S. President Barack Obama warned on Friday that the urgency for changing the rules of the road for financial firms may be waning and urged Congress to act while the general public is focused on banking issues. more US trade gap widens with import surge 13 Nov 09, 11:04 ET AFP - Surging imports pushed up the US trade deficit by 18 percent in September, official data showed on Friday in a sign of improving trade flows and a healing global economy. more Rep Paul: Fed audit in rules reform "pseudo" 13 Nov 09, 11:03 ET Reuters - A long-standing U.S. congressional critic of the Federal Reserve said on Friday his proposal to audit the U.S. central bank's monetary policy, an initiative strenuously opposed by the Fed, has been defanged in financial reform legislation in the House of Representatives. more H1N1 unlikely to have noticeable effect on economy: TD 13 Nov 09, 10:49 ET By John Morrissy, Financial postnovember 12, 2009 OTTAWA -- Economic activity in Canada is unlikely to suffer a lasting blow from the H1N1 virus, ... more Treasury's Wolin: Fed best equipped to supervise 13 Nov 09, 10:40 ET Reuters - The U.S. Federal Reserve is best equipped to supervise the largest, most complex firms, a top U.S. Treasury official said on Friday. more Health idea 'to help economy' 13 Nov 09, 10:18 ET A SCHEME to improve the health of working-age people will also boost the economy, the Scottish Government has said. Holyrood is investing £1.5 million to ... more President proposes economy-reviving measures 13 Nov 09, 10:16 ET Chinese president makes 4-point proposal to boost world economy at APEC CEO SummitXinhua more IMF chief does not see double-dip U.S. recession 13 Nov 09, 10:08 ET Reuters - The head of the International Monetary Fund said on Friday the pace of the recovery in the U.S. economy remains sluggish but he does not believe there will be a double-dip recession. more FA in soup over flying England stars in economy class 13 Nov 09, 10:06 ET London: The Football Association (FA) is facing a backlash for flying England stars on an economy jet to Doha, where they will play a friendly against ... more Trade deficit widens more than expected in Sept. 13 Nov 09, 10:01 ET AP - The U.S. trade deficit widened more than expected in September as foreign oil prices rose to the highest level in nearly a year, swamping a fifth consecutive gain in exports. more U.S., Japan vow to revitalize strained ties 13 Nov 09, 09:46 ET Reuters - U.S. President Barack Obama and Japan's new prime minister, Yukio Hatoyama, pledged on Friday to revitalize their strained security alliance as they adapt to a rising China, set to overtake Japan as the world's No.2 economy. more U.S. trade gap widens 18.2 percent in September 13 Nov 09, 09:34 ET Reuters - The U.S. trade deficit widened in September by an unexpectedly large 18.2 percent, the most in more than 10 years, as oil prices rose for the seventh straight month and imports from China bounded higher, a U.S. government report showed on Friday. more Province's Economy to Shrink Slightly: Conference Board 13 Nov 09, 08:35 ET The Conference Board of Canada says Newfoundland and Labrador's economy is expected to shrink slightly next year. The Atlantic Provinces Economic Council ... more Germany economy recovers, but advisors slam debt 13 Nov 09, 08:02 ET Germany is well into recovery, official data showed Friday shortly before the government's own advisers slammed "deceptive" plans to reduce ballooning debt in Europe's biggest economy. more HK's economy keeps improving in 3rd quarter 13 Nov 09, 07:45 ET HK economy disappoints, grows just 0.4 pct in Q3Forbes more Chinese president pledges to boost domestic demand 13 Nov 09, 07:40 ET AP - China is doing what it can to expand domestic demand and rebalance its economy, President Hu Jintao said Friday, calling for renewed efforts to improve international financial oversight to prevent future crises. more Eurozone emerges from recession in 3rd quarter 13 Nov 09, 07:33 ET AP - The 16-country eurozone has officially joined the United States and Japan out of recession, after figures Friday showed its economy grew by 0.4 percent in the third quarter from the previous three-month period. more Japan Finance Minister Fujii Says Economy Unstable (Update1) 13 Nov 09, 07:30 ET Nov. 13 (Bloomberg) -- Japanese Finance Minister Hirohisa Fujii said the nation’s economy is still “very unstable” and it is too early to say if the government will need a second extra budget to help it recover. more Joblessness holding Toronto's economy down, experts say 13 Nov 09, 07:26 ET By Allison Hanes, National Post Toronto's sky-high unemployment rate is dragging down the city's economy and hampering its recovery from the global downturn ... more Europe’s Economy Emerges From Recession on Exports (Update2) 13 Nov 09, 07:06 ET Nov. 13 (Bloomberg) -- The euro-area economy emerged from its worst recession since World War II in the third quarter as exports from Germany and France helped compensate for households’ reluctance to increase spending. more Hong Kong economy grows 0.4 percent in 3Q 13 Nov 09, 06:28 ET Hong Kong's economy expanded slightly in the third quarter as its financial services and tourism sectors recovered, even though demand from Western countries remained weak, the government said Friday. more Hong Kong’s Economy Grows Less-Than-Forecast 0.4% (Update3) 13 Nov 09, 06:28 ET Nov. 13 (Bloomberg) -- Hong Kong’s economy grew less than economists forecast in the third quarter as exports slid, underscoring the fragility of the city’s recovery from its worst slump since the Asian financial crisis. more Europe’s Economy Emerges From Recession on Exports (Update1) 13 Nov 09, 06:28 ET Nov. 13 (Bloomberg) -- The euro-area economy emerged from its worst recession since World War II in the third quarter as exports from Germany and France helped compensate for households’ reluctance to increase spending. more Euro-Area Economy Returns to Growth in Third Quarter on Exports 13 Nov 09, 06:23 ET Nov. 13 (Bloomberg) -- The euro-area economy emerged from its worst recession since World War II in the third quarter as exports from Germany and France helped compensate for consumers’ reluctance to increase spending. more German Economy Will Grow 1.6% Next Year, Advisory Panel Says 13 Nov 09, 06:07 ET Nov. 13 (Bloomberg) -- Germany’s economy will grow by 1.6 percent in 2010 after contracting an estimated 5.0 percent this year, Chancellor Angela Merkel’s council of economic advisers said. more Europe's Economy Emerges From Recession on Exports 13 Nov 09, 06:07 ET German economy gains a little momentum in 3rd quarter, grows by 0.7 per centThe Canadian Press more French Economy Grows Less Than Expected as Consumers Hold Back 13 Nov 09, 06:05 ET Nov. 13 (Bloomberg) -- France’s economy expanded less than economists expected in the third quarter as households limited spending and companies trimmed inventories. more Euro zone economy jumps out of recession in Q3 13 Nov 09, 06:00 ET German economy gains a little momentum in 3rd quarter, grows by 0.7 per centThe Canadian Press more Canadians think economy is looking up 13 Nov 09, 05:51 ET When it comes to economic recovery, Canadians are among the most optimistic people in the world. ... more Italy Economy Emerges From Recession in Third Quarter (Update1) 13 Nov 09, 05:47 ET Nov. 13 (Bloomberg) -- Italy’s economy expanded in the third quarter, ending the worst recession in 60 years, as the strengthening recovery in Europe boosted demand for exports. more Hong Kong's Economy Grows Less-Than-Forecast 0.4% 13 Nov 09, 05:44 ET Hong Kong Agreement Excellent News For New Zealand EconomyVoxy more Pound Gains as BA Merger Plan Spurs Optimism Economy Improving 13 Nov 09, 05:44 ET Nov. 13 (Bloomberg) -- The pound rose as a planned merger of British Airways Plc and Iberia Lineas Aereas de Espana SA sent the country's ... more Hong Kong’s Economy Grows Less-Than-Forecast 0.4% (Update2) 13 Nov 09, 05:43 ET Nov. 13 (Bloomberg) -- Hong Kong’s economy grew less than economists forecast in the third quarter, underscoring the fragility of the city’s recovery from its worst slump since the Asian financial crisis. more China's Hu prods West on trade, investment barriers 13 Nov 09, 05:36 ET Reuters - Chinese President Hu Jintao called on Friday for an end to "unreasonable" trade restrictions on developing countries, just days ahead of a U.S. presidential visit to his country that has been clouded by economic tensions. more HK economy disappoints, grows just 0.4 pct in Q3 13 Nov 09, 05:35 ET HONG KONG, Nov 13 (Reuters) - Hong Kong's economic recovery decelerated in the third quarter, as GDP grew just 0.4 percent from the previous ... more GM still wants state aid for Opel restructuring 13 Nov 09, 05:30 ET Reuters - General Motors reiterated on Friday it wanted state aid to help restructure European arm Opel after Germany's economics minister said the carmaker would not ask European taxpayers for help. more China president promises vows to expand domestic demand, rebalance economy 13 Nov 09, 05:23 ET Chinese president makes 4-point proposal to boost world economy at APEC CEO SummitXinhua more Manitoba's economy in black 13 Nov 09, 05:22 ET Manitoba economy ranked No. 2 in '09Winnipeg Free Press more New Zealand's Key: World Economy Improving But Not Back To Normal 13 Nov 09, 05:17 ET SINGAPORE -(Dow Jones)- The global economy is returning to health thanks to massive economic stimulus plans but this stimulus will have to be withdrawn and growth driven by more balanced economic development, New Zealand Prime Minister John Key said Friday. more Strong stocks for a shaky economy 13 Nov 09, 05:02 ET In the short run, negative interest rates and massive stimulus trumps everything. For the long term, things look like they will be fine now that the ... more Hong Kong Economy Grows Less-Than-Forecast 0.4% in Quarter 13 Nov 09, 04:59 ET Nov. 13 (Bloomberg) -- Hong Kong's economy grew less than economists forecast in the third quarter, underscoring the fragility of the city's ... more German economy gains a little momentum in 3rd quarter, grows by 0.7 per cent 13 Nov 09, 04:33 ET German economy grows by 0.7 pct in 3rd quartereTaiwan News more French economy expands 0.3 pct in Q3 13 Nov 09, 04:25 ET France's economy continued its slow emergence from recession in the third quarter, according to a preliminary estimate issued Friday by the national statistics agency. more French Economy Grows for Second Quarter on Exports, Stimulus 13 Nov 09, 04:05 ET Nov. 13 (Bloomberg) -- France’s economy grew for a second consecutive quarter, as exports climbed and government stimulus bolstered consumer spending. more French economy grows 0.3 pct in 3Q: minister 13 Nov 09, 03:54 ET France's economy grew 0.3 percent in the third quarter, Finance Minister Christine Lagarde said during a visit to Singapore Friday. more French economy continues growth 13 Nov 09, 03:50 ET French economy grows 0.3 pct in Q3 - ministerReuters more Chinese president makes 4-point proposal to boost world economy at APEC CEO Summit 13 Nov 09, 03:38 ET SINGAPORE, Nov. 13 (Xinhua) -- Chinese President Hu Jintao put forward a four-point proposal to boost economic growth and revive the world economy during a ... more German Economy Grows Slightly in 3rd Quarter 13 Nov 09, 03:25 ET German economy grows 0.7 per cent as recovery kicks in (1st Lead)Monsters and Critics.com more German economy grows by 0.7 pct in 3rd quarter 13 Nov 09, 03:15 ET German economy grows by 0.7 pct in 3rd quarterMSN Money more German Economy Expanded by 0.7% in Third Quarter as Recovery Gathered Pace 13 Nov 09, 03:14 ET Nov. 13 (Bloomberg) -- Germany's economic recovery accelerated in the third quarter as government stimulus programs fueled company spending ... more UPDATE 1-Richemont appoints Rupert CEO, cautious on economy 13 Nov 09, 02:58 ET ZURICH, Nov 13 (Reuters) - Richemont (CFR.VX), the world's second largest luxury goods group, said on Friday Executive Chairman Johann Rupert would also ... more Richemont appoints Rupert CEO, cautious on economy 13 Nov 09, 02:19 ET ZURICH, Nov 13 (Reuters) - Richemont (CFR.VX), the world's second largest luxury goods group, said on Friday Executive Chairman Johann Rupert would also ... more World Bank president: inflation a risk to recovery 13 Nov 09, 01:49 ET AP - Asian economies must handle their monetary and currency policies carefully to avoid unleashing a wave of potentially destabilizing inflation, World Bank President Robert Zoellick said Friday. more Yuan, trade risks loom over economy 13 Nov 09, 01:30 ET China's Economy Strengthens, Boosting Yuan CallsBloomberg more Economy at ‘somewhat of a snapback,‘ expert tells Richmond economists 13 Nov 09, 01:14 ET Business economists think the U.S. economy will get back to where it was before the recession by the end of next year. But employment won’t reach pre-recession levels until 2012, Lynn Reaser, president of the National Association for Business Economics, told a group of her Richmond colleagues yesterday. “It’s not a roaring recovery, but certainly not an anemic one,“ she told the Richmond ... more Russia targets hi-tech, privatised economy 13 Nov 09, 01:08 ET Russia must modernize economy: MedvedevCBC.ca more UPDATE 1-Turkcell Q3 profit falls 45 pct on competition, economy 13 Nov 09, 01:00 ET Nov 12 (Reuters) - Mobile phone operator Turkcell (TCELL.IS) on Thursday posted a third-quarter net profit of $332.9 million, down 45 percent, ... more BC economy will grow fastest in 2010, report says 13 Nov 09, 00:12 ET Winter Olympics to bring gold to BC economy next year, says a report by ...The Canadian Press more

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