U.S. economy seen expanding modestly
(AP)
Date: Thu, 19 Apr 2007 20:41:05 GMT
AP - The U.S. economy should expand only slightly in coming months as it continues to lose steam, a gauge of future growth showed Thursday.
China's economy surges, more tightening seen
(Reuters)
Date: Thu, 19 Apr 2007 19:56:16 GMT
Reuters - China's economy grew at a blistering
11.1 percent annual pace in the first quarter on the back of
booming investment and exports, fuelling speculation that
interest rates would need to rise again soon.
Philly Fed factory activity stalls in April
(Reuters)
Date: Thu, 19 Apr 2007 16:30:42 GMT
Reuters - Manufacturing activity in the
Mid-Atlantic region stalled in April, with a factory activity
index unchanged from the previous month, a survey showed on
Thursday.
Jobless benefits claims edge down
(AP)
Date: Thu, 19 Apr 2007 15:34:15 GMT
AP - Applications for unemployment benefits, after hitting a two-month high, edged down slightly last week, signaling that the labor market remains generally healthy.
China economy surges 11 percent
(AP)
Date: Thu, 19 Apr 2007 12:50:33 GMT
AP - China's sizzling economy surged 11.1 percent in the first quarter, causing the country's Cabinet to declare Thursday it will take steps to keep the economy from overheating.
Mexico central bank urges renewal of tortilla pact
(Reuters)
Date: Wed, 18 Apr 2007 21:14:11 GMT
Reuters - Mexican central bank governor
Guillermo Ortiz on Wednesday urged the government and food
companies to renew price caps for tortillas that have acted as
a buffer against inflation.
Core inflation muted
(Reuters)
Date: Tue, 17 Apr 2007 21:24:30 GMT
Reuters - Core inflation dipped in March and
groundbreaking for new homes rose slightly as the economy
demonstrated anew an ability to keep growing without generating
surging prices.
Housing starts rose 0.8 percent in March
(Reuters)
Date: Tue, 17 Apr 2007 12:32:53 GMT
Reuters - The pace of U.S. home construction
rose 0.8 percent in March to a rate that beat analysts'
predictions but the rise was well below the previous month's
increase and the rate was sharply off the year-ago figure, a
government report showed on Tuesday.
March retail sales up 0.7 pct
(Reuters)
Date: Mon, 16 Apr 2007 13:58:08 GMT
Reuters - Retail sales rose a slightly
more-than-expected 0.7 percent in March in part on higher
gasoline prices, a Commerce Department report on Monday showed.
Japan hikes consumer spending assessment
(AP)
Date: Mon, 16 Apr 2007 12:13:10 GMT
AP - Japan raised its assessment of consumer spending for the first time in over a year and a half, saying in its monthly report released Monday that a long-awaited pickup in spending is now in place.
Wall St. holds fast despite economic, earnings worries
(AFP)
Date: Fri, 13 Apr 2007 22:01:05 GMT
AFP - Wall Street has been able to shake off worries about a slowing US economy, and has inched closer to a blue-chip record high as the market enters the heart of the corporate earnings season.
Low savings rate in U.S. seen as danger
(AP)
Date: Fri, 13 Apr 2007 21:54:53 GMT
AP - The European Union's monetary chief said Friday that the United States' low savings rate and large budget deficit pose a risk to the global economy.
Consumer sentiment at 8-month low: survey
(Reuters)
Date: Fri, 13 Apr 2007 14:43:31 GMT
Reuters - U.S. consumer sentiment fell to its
lowest in eight months in April on rising gasoline prices and
troubles in the housing market, while inflation expectations
also rose sharply, a survey showed on Friday.
Trade gap narrows unexpectedly
(Reuters)
Date: Fri, 13 Apr 2007 12:36:13 GMT
Reuters - The U.S. trade deficit narrowed
unexpectedly in February to $58.4 billion, as crude oil imports
fell sharply to the smallest in four years and average imported
oil prices were the lowest since December 2005, a government
report on Friday showed.
Producer prices up 1 percent in March
(Reuters)
Date: Fri, 13 Apr 2007 12:34:05 GMT
Reuters - Rising energy costs pushed producer
prices up by a greater-than-expected 1.0 percent in March, but
producer prices excluding food and energy were flat, a Labor
Department report showed on Friday.
Manufacturing growth seen accelerating: survey
(Reuters)
Date: Thu, 12 Apr 2007 14:40:12 GMT
Reuters - Manufacturing is set for stepped-up
growth as the year progresses, according to the Manufacturers
Alliance/MAPI survey released on Thursday.
Jobless claims unexpectedly jump 19,000
(Reuters)
Date: Thu, 12 Apr 2007 12:44:39 GMT
Reuters - The number of U.S. workers filing
new claims for jobless benefits unexpectedly jumped 19,000 last
week, government data on Thursday showed in a report skewed by
seasonal layoffs for school holidays.
Mortgage applications dip, spring sales murky
(Reuters)
Date: Wed, 11 Apr 2007 14:40:07 GMT
Reuters - U.S. mortgage applications declined
for the fourth straight week, as falling demand to refinance
home loans outweighed a rise in applications to buy houses, an
industry group said on Wednesday.
Fed's Plosser: U.S. economy weaker than expected
(Reuters)
Date: Wed, 11 Apr 2007 00:43:26 GMT
Reuters - Philadelphia Federal Reserve
Bank President Charles Plosser said on Tuesday that the U.S.
economy is not as strong as the Fed had expected two months ago
and prices remained higher.
February job openings fade, quits rise
(Reuters)
Date: Tue, 10 Apr 2007 16:35:19 GMT
Reuters - Employees left their jobs in
February at a slightly faster pace than in January despite a
second straight monthly drop in available positions, a
government report showed on Tuesday.
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