International Business News - Economic News http://www.ibtimes.com/rss/feed/economic-news.rss All articles are copyrighted by IBTimes.com 120 30 http://www.ibtimes.com/rss/feed/economic-news.rss http://www.ibtimes.com/images/top_logo_ibt2_3.gif Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the financial crisis, said on Thursday that a double-dip recession can be avoided if stimulus measures are unwound properly. http://www.ibtimes.com/articles/20091112/double-dip-recession-can-be-avoided-roubini.htm http://www.ibtimes.com/articles/20091112/double-dip-recession-can-be-avoided-roubini.htm Thu, 12 Nov 2009 13:57:09 EST The BID / TTP Economic Optimism Index came in under expectations. http://www.ibtimes.com/articles/20091110/us-bid-ttp-economic-optimism-16-30-cet.htm http://www.ibtimes.com/articles/20091110/us-bid-ttp-economic-optimism-16-30-cet.htm Tue, 10 Nov 2009 11:43:56 EST The ZEW Indicator of Economic Sentiment for Germany decreased slightly by 4.9 points in November 2009 and now stands at 51.1 points after 56.0 points in the previous month. This value is still well above the indicator's historical average of 26.9 points. http://www.ibtimes.com/articles/20091110/zew-indicator-economic-sentiment.htm http://www.ibtimes.com/articles/20091110/zew-indicator-economic-sentiment.htm Tue, 10 Nov 2009 08:17:20 EST On Thursday, Asian markets traded lower despite strong economic data from China. The reports showed that Chinese economy expanded by 8.9% y/y in the third-quarter, inline with the market expectations of 9%. http://www.ibtimes.com/articles/20091022/daily-asia-pacific-market-comment.htm http://www.ibtimes.com/articles/20091022/daily-asia-pacific-market-comment.htm Thu, 22 Oct 2009 08:22:19 EDT Disappointing corporate results knocked equities lower on Thursday, set Wall Street up for a poor start and helped the dollar bounce off 14-month lows. Gold and oil both slipped as the dollar rose. Euro zone government debt was stronger. http://www.ibtimes.com/articles/20091022/global-markets-poor-earnings-knock-stocks-dollar-bounces.htm http://www.ibtimes.com/articles/20091022/global-markets-poor-earnings-knock-stocks-dollar-bounces.htm Thu, 22 Oct 2009 08:19:59 EDT The main US stock indexes are showing important declines right now. The DJI is losing 1.5%, while the Nasdaq and S&P500 are falling 1%. http://www.ibtimes.com/articles/20091002/us-session-stocks-falling-15-55-cet.htm http://www.ibtimes.com/articles/20091002/us-session-stocks-falling-15-55-cet.htm Fri, 02 Oct 2009 11:13:27 EDT Total sales volume in the three months to August was 2.7 per cent higher than the same period a year ago. Sales volume for predominantly food stores increased by 2.9 per cent.. http://www.ibtimes.com/articles/20090917/uk-retail-sales.htm http://www.ibtimes.com/articles/20090917/uk-retail-sales.htm Thu, 17 Sep 2009 08:39:05 EDT The dollar fell against the euro on Monday, erasing earlier gains, as investors looked past a United States versus China trade dispute and took on more risk. U.S. stocks pared losses .N, illustrating higher risk appetite and reducing safe haven demand for the dollar, as investors stuck to the theme of recent months of changes in risk tolerance driving dollar action. http://www.ibtimes.com/articles/20090914/dollar-loses-gains-as-risk-appetite-climbs.htm http://www.ibtimes.com/articles/20090914/dollar-loses-gains-as-risk-appetite-climbs.htm Mon, 14 Sep 2009 12:35:45 EDT The industrial production in the Eurozone came in as expected. The data from August was better, but still far away from the 0.5% from July. http://www.ibtimes.com/articles/20090914/11-10-cet-results-line-with-expectations-europe.htm http://www.ibtimes.com/articles/20090914/11-10-cet-results-line-with-expectations-europe.htm Mon, 14 Sep 2009 08:37:11 EDT Thursday, Turkey's statistical office TurkStat announced that the consumer price index or CPI rose 5.33% year-over-year in August, slightly slower than the 5.39% increase in the previous month. Economists had expected the CPI to increase by 5.80%. http://www.ibtimes.com/articles/20090903/turkey-august-consumer-price-inflation-eases-slightly-producer-prices-drop.htm http://www.ibtimes.com/articles/20090903/turkey-august-consumer-price-inflation-eases-slightly-producer-prices-drop.htm Thu, 03 Sep 2009 10:35:00 EDT Economic recovery in the 16-nation currency bloc is expected to be uneven, given the temporary nature of some of the supporting factors, European Central Bank President Jean-Claude Trichet said Thursday. http://www.ibtimes.com/articles/20090903/trichet-sees-uneven-recovery-for-eurozone-ecb-raises-growth-inflation-outlook.htm http://www.ibtimes.com/articles/20090903/trichet-sees-uneven-recovery-for-eurozone-ecb-raises-growth-inflation-outlook.htm Thu, 03 Sep 2009 10:32:00 EDT French jobless rate surged to its highest level in three years in the second quarter, the statistical office INSEE said on Thursday. http://www.ibtimes.com/articles/20090903/french-jobless-rate-at-three-year-high.htm http://www.ibtimes.com/articles/20090903/french-jobless-rate-at-three-year-high.htm Thu, 03 Sep 2009 10:31:00 EDT Thursday, the South African Reserve Bank said in a report that nation's budget deficit was 10% of GDP in the first quarter of the fiscal year. At the same time, the deficit, excluding borrowing and debt repayment, rose to ZAR 57.7 billion from a year ago. http://www.ibtimes.com/articles/20090903/s-africa-budget-deficit-10-of-gdp-in-q1.htm http://www.ibtimes.com/articles/20090903/s-africa-budget-deficit-10-of-gdp-in-q1.htm Thu, 03 Sep 2009 10:25:00 EDT Activity in the service sector continued to contract in August, according to a report released by the Institute for Supply Management on Thursday, although the index of activity in the sector increased by a little more than economists had been expecting. http://www.ibtimes.com/articles/20090903/ism-service-index-rose-to-48in-august.htm http://www.ibtimes.com/articles/20090903/ism-service-index-rose-to-48in-august.htm Thu, 03 Sep 2009 10:04:00 EDT Thursday, UK's Financial Services Authority Chairman Adair Turner backed proposals to make banks plan for their own collapse. http://www.ibtimes.com/articles/20090903/fsas-turner-supports-living-wills-for-banks-ft.htm http://www.ibtimes.com/articles/20090903/fsas-turner-supports-living-wills-for-banks-ft.htm Thu, 03 Sep 2009 09:59:00 EDT The current account deficit of South Africa shrank to a five-year low in the second quarter, the central bank said in its quarterly bulletin on Thursday. http://www.ibtimes.com/articles/20090903/s-africa-q2-current-account-deficit-lowest-in-five-years.htm http://www.ibtimes.com/articles/20090903/s-africa-q2-current-account-deficit-lowest-in-five-years.htm Thu, 03 Sep 2009 09:11:00 EDT Thursday, the European Central Bank held its key interest rate at a record low level of 1%. The decision was in line with economists' expectations. http://www.ibtimes.com/articles/20090903/ecb-leaves-key-interest-rate-unchanged-at-1.htm http://www.ibtimes.com/articles/20090903/ecb-leaves-key-interest-rate-unchanged-at-1.htm Thu, 03 Sep 2009 07:52:00 EDT Traditional spring bounce lifted activity in Auckland's housing market, a report by Barfoot and Thompson said. http://www.ibtimes.com/articles/20090903/auckland-housing-market-picks-up-in-august.htm http://www.ibtimes.com/articles/20090903/auckland-housing-market-picks-up-in-august.htm Thu, 03 Sep 2009 07:31:00 EDT Thursday, the Statistical Service of the Republic of Cyprus announced that the number of registered unemployed stood at a seasonally adjusted 18,462 in August, up from 17,743 nemployed in July. http://www.ibtimes.com/articles/20090903/cyprus-registered-unemployment-rises-in-august.htm http://www.ibtimes.com/articles/20090903/cyprus-registered-unemployment-rises-in-august.htm Thu, 03 Sep 2009 07:05:00 EDT Casinos in Macau, the special administrative region of China, posted revenues of nearly US$1.5 billion in August, the highest monthly revenue ever, reports said Thursday citing official data. http://www.ibtimes.com/articles/20090903/macaus-casino-earnings-surge-in-august.htm http://www.ibtimes.com/articles/20090903/macaus-casino-earnings-surge-in-august.htm Thu, 03 Sep 2009 06:39:00 EDT