IBTimes.com : US Economy

Spain car sales to decline sharply in second half: report

Thu, 01 Jul 2010 12:03:20 EDT

Anfac expects a sharp drop in car sales in Spain in the second half of 2010

Market looks to jobs data for direction, soft numbers expected

Wed, 30 Jun 2010 20:49:04 EDT

The U.S. stock market will look to the Bureau of Labor Statistics jobs data for direction on Friday and investors are braced for a weak report.

Iran: stuck between Iraq and a hard place

Wed, 30 Jun 2010 16:04:51 EDT

Iran is facing a multitude of problems – both external and internal – that threatens the growth of its all-important energy sector.

US private sector adds 13,000 jobs in June - report

Wed, 30 Jun 2010 13:12:46 EDT

US private sector adds 13,000 jobs in June - report

Investors have likely already discounted good Q2 earnings

Tue, 29 Jun 2010 18:49:36 EDT

Second-quarter earnings are expected to beat analysts' estimates, but they are unlikely to match the huge year-over-year gains witnessed in the first quarter.

CB consumer confidence drops well below forecast

Tue, 29 Jun 2010 15:00:56 EDT

Consumer confidence plunged well below expectations for June, possibly indicating that consumers are increasingly questioning strength of the job market and overall economy.

Experts see potential for higher gold prices

Tue, 29 Jun 2010 11:14:42 EDT

Despite the recent run-up in prices, some experts think that gold may still have significant upside potential.

Private payroll may show jump in June; but overall joblessness will likely edge up

Mon, 28 Jun 2010 13:51:51 EDT

Private payroll may show jump in June; but overall joblessness will likely edge up

G20: Much ado about something?

Mon, 28 Jun 2010 12:32:53 EDT

G20 leaders agree to disagree on how to engineer their respective economic recoveries.

Fed's Bullard sees two-year limbo period for banks

Mon, 28 Jun 2010 11:20:20 EDT

Fed's Bullard sees two-year limbo period for banks

G20 offers no big boost for fearful markets

Mon, 28 Jun 2010 11:18:09 EDT

Deficit pledges made by Group of 20 leaders on Sunday won't provide a big boost for financial markets.

G20 searches for common pace in uneven recovery

Sat, 26 Jun 2010 16:25:49 EDT

World leaders cast about for a common approach on Saturday to securing an uneven economic recovery that is showing signs of fading.

Financial reform bill less onerous on banks than previously thought

Fri, 25 Jun 2010 21:53:53 EDT

Although the financial reform bill is undoubtedly the most significant legislation for the financial industry since the 1930s, it is somewhat softer on banks than previously thought.

US growth estimate revised down

Fri, 25 Jun 2010 16:12:01 EDT

The US economy grew at an annual rate of 2.7% in the first three months of 2010, slower than previously estimated.

Unexpected downward revision to 1Q GDP raises more questions about economic recovery

Fri, 25 Jun 2010 13:49:05 EDT

Unexpected downward revision to 1Q GDP raises more questions about economic recovery

Greece trade deficit down 36 pct in April

Fri, 25 Jun 2010 12:55:02 EDT

Greece’s deficit of trade balance amounted to 1.55 billion euros ($2.06 billion), 36 percent less than last year’s deficit of 2.42 billion euros ($3.17 billion).

Bank of England lists key risks in UK financial system

Fri, 25 Jun 2010 09:34:04 EDT

In its bi-annual financial stability report, the Bank of England outlines the key risks to the UK banks

Falling Treasury yields tell a tale of woe

Thu, 24 Jun 2010 16:57:23 EDT

Long-term bond yields have been dropping since early April, amidst a backdrop of increased worries over European sovereign debt and signs of a weak recovery in the U.S

Core durable goods orders indicate strength in business investment

Thu, 24 Jun 2010 13:39:14 EDT

Data in the durable goods orders report point to continued strength in business spending.

Italy unemployment rate rises to 9.1 pct in Q1

Thu, 24 Jun 2010 13:35:41 EDT

The unemployment rate in Italy rose for the first three months of the year to 9.1 percent from 7.9 percent in first quarter of 2009, the Rome-based research center Istat said.

Real estate corrections not to affect Singapore banks: Fitch

Thu, 24 Jun 2010 11:33:58 EDT

Real estate corrections not to affect Singapore bank, said a Fitch report on the banking sector stability in the Asia-Pacific region.

Euro zone industrial April orders up 0.9 percent

Thu, 24 Jun 2010 11:27:56 EDT

Eurostat releases report on industrial new orders for the month of April

U.S. to face daunting debt problem in coming years

Wed, 23 Jun 2010 18:53:20 EDT

The U.S. is set to face daunting problems from its swelling debt in the coming years despite the dollar's role as the world's reserve currency.

Fed maintains status quo

Wed, 23 Jun 2010 18:39:27 EDT

As expected, the Federal Reserve kept its benchmark Fed Funds rate at near-zero levels,

FOMC statement from June 22-23 meeting

Wed, 23 Jun 2010 18:18:15 EDT

FOMC statement from June 22-23 meeting

Five nations to get $224 mln to boost food output

Wed, 23 Jun 2010 15:35:53 EDT

The U.S. Treasury Department said on Wednesday that five developing countries will get grants totaling $224 million from a new fund set up to reduce global hunger and poverty.

Sharp drop in new home sales may signal housing market double-dip

Wed, 23 Jun 2010 14:47:14 EDT

Sharp drop in new home sales may signal housing market double-dip

Millionaires increased spending on luxuries in '09

Wed, 23 Jun 2010 12:34:36 EDT

As financial markets recovered last year, the world's millionaires again indulged in their passions for luxury cars, yachts, art and jewelry.

EU extends bank guarantees to Germany, recapitalization in Hungary

Wed, 23 Jun 2010 12:05:59 EDT

In view of growing uncertainty on economic prospects in the European region, the European Commission extends the state aid

Canada's annual inflation rate slows to 1.4 pct

Wed, 23 Jun 2010 09:50:29 EDT

Canada’s annual inflation rate slowed to 1.4 percent in May due to reasonable gasoline costs and lower prices for clothing.

U.S. existing home sales fall 2.2 pct in May

Tue, 22 Jun 2010 15:40:18 EDT

U.S. existing home sales fell in May as tax incentives from the government ended and gains in the West and South were offset by a decline in the Northeast

State-owned enterprises in China post record profits in Jan-May 2010

Tue, 22 Jun 2010 14:19:06 EDT

Though hit by economic crisis in early part of 2009, the public sector companies in China earned record profits in January-May 2010.

New debit-card deal said reached in Wall St bill

Tue, 22 Jun 2010 11:52:24 EDT

Large banks appeared likely on Monday to face new limits on debit-card transaction fees as a key U.S. senator said he had reached a deal to include the provision in an overhaul of financial regulations.

Business Climate index of Germany inches up

Tue, 22 Jun 2010 09:25:36 EDT

Ifo institute finds a slight improvement in business climate in Germany

Eurozone debt crisis hits Indian exports

Tue, 22 Jun 2010 08:11:03 EDT

FICCI gauges the impact of Eurozone crisis on the Indian exports

Economists believe global economy would get more from a slow appreciating yuan

Tue, 22 Jun 2010 01:35:35 EDT

China’s central bank has indicated over the weekend that the yuan would be more flexible in the coming days, though it gave clarification that significant changes should not be expected and at the last check, the Chinese currency still stands at about 6.8 against the US dollar.

Weak housing data expected after tax credit expiration

Mon, 21 Jun 2010 20:35:30 EDT

U.S. housing data is expected to weaken after tax incentives from the government ends.

Yuan revaluation likely on Fed's menu, but not as the main course

Mon, 21 Jun 2010 19:58:13 EDT

China's decision to allow yuan to trade more flexibly is unlikely to have immediate impact on Fed rate policy

Nasdaq briefly turns lower

Mon, 21 Jun 2010 18:16:01 EDT

The Nasdaq briefly turned lower and the Dow and S&P 500 pared gains in afternoon trading on Monday, with Research In Motion among the top drags on the Nasdaq.

BHP and Rio Tinto to pay higher royalty on iron ores in Western Australia

Mon, 21 Jun 2010 10:09:38 EDT

BHP and Rio, the global leading iron miners agrees to pay higher royalties to the state government in Western Australia in exchange for improving the operational efficiency of both the companies.

Canada April wholesale figures decline 0.3pct as currency fluctuates

Sat, 19 Jun 2010 03:44:23 EDT

Canadian wholesale figures fell in April, led by the declines in both the motor vehicle and autoparts.

Shadow inventory to put pressure on home prices

Fri, 18 Jun 2010 20:47:16 EDT

Properties emerging from foreclosures that are likely to be reintroduced to the housing market, or “shadow inventory,” will put downward pressure on real estate prices for the next few years.

Retail Stocks Too Good To Be True?

Fri, 18 Jun 2010 20:24:38 EDT

A number of retail stocks, including Netflix (NFLX), have shot up like a rocket so far this year, seemingly ignoring broader market corrections and some rather mediocre retail sales and consumer spending data.

World Bank: China's economy rebound robust, but slowdown likely

Fri, 18 Jun 2010 09:47:44 EDT

World Bank finds that the China's economy recovery from global crisis has been robust, but expects some moderation

Market rises modestly, helped by defensive shares

Thu, 17 Jun 2010 21:56:02 EDT

Stocks edged higher late in a choppy, thinly traded session on Thursday as investors built on momentum gained after the S&P 500 index broke through its 200-day moving average earlier this week.

Poor U.S. economic data gives investors pause

Thu, 17 Jun 2010 17:48:36 EDT

The weak economic data for May has prompted some market participants to take a second look at the U.S. recovery story.

India's food inflation eases to 16.12 pct. on normal monsoon rains

Thu, 17 Jun 2010 15:07:40 EDT

India’s annual food inflation declined marginally for the week ended June 5 as prices of fruits, vegetables, and tea softened.

Macro-prudential regulation returns back to its maker

Thu, 17 Jun 2010 10:06:56 EDT

Macro-prudential regulation has returned to its maker, today after the Government announced it would be restoring the UK's Central Bank - the BoE as the chief regulator of the financial system.

Foreigners Once Again Enamored With U.S. Treasuries

Wed, 16 Jun 2010 19:04:30 EDT

China, Japan and some other major foreign countries stepped up their purchases of U.S. Treasuries and dollars during April, likely as a safe haven away from a euro battered by a wave of budget deficit/default fears all across the EuroZone.

New Zealand Q2 consumer confidence rises

Wed, 16 Jun 2010 15:18:52 EDT

New Zealand’s consumer confidence has rebounded in the second quarter due to a fall in the country's unemployment rate.