UK Nov. retail sales rise ahead of VAT hike
British retail sales rose in November for a second consecutive month as consumer spending picked up ahead of a hike in value added tax (VAT) next year.
New York State business activity rebounds sharply
Business activity in New York State rebounded in December after contracting sharply in November for the first time since mid-2009.
US mortgage demand keeps falling as rates hit six-month high
The U.S. home loan demand continued to fall in the week ended Dec.10, posting a decline for three straight weeks as the mortgage rates hit a six-month high.
Moody’s likely to downgrade Spain's rating
Moody's Investor Services said on Wednesday that it has put Spain's Aa1 debt rating under review for a possible downgrade taking into account the large debt burden of the country and its funding needs next year.
Chinese satisfaction with prices touches 11-year low
The percentage of Chinese who are satisfied with current price levels sharply dropped to the lowest level in 11 years despite the government efforts to contain rising prices, the People's Bank of China (PBoC) said.
Producer prices rise for fifth straight month in Nov.
Producer prices for finished goods in the U.S. rose more than expected in November, posting an increase for the fifth straight month.
German economic sentiment continues to improve
German economic sentiment rose more than expected in December, posting an increase for a second consecutive month.
Obama's foreclosure prevention program could miss target, says report
The foreclosure prevention program of the Obama’s administration is expected to aid far fewer homeowners than initially targeted, according to a report released on Tuesday.
Rate hike in China should be gradual: adviser
Monetary tightening in China should be gradual as consumer inflation is unlikely to surpass 5 percent in 2011, an adviser to the Chinese central bank said.
Low interest rates fail to soothe debt concerns of UK households: BoE
UK households are struggling to pay off their debts despite low interest rates, said a survey on Monday.
US trade deficit falls to nine-month low in October
US trade deficit declined sharply in October to reach a nine-month low as exports rose, the US commerce department said on Friday.
Rise in China’s Nov. trade surplus to stoke renewed criticism over yuan value
China’s trade surplus rose in November raising fresh fears about renewed criticism from the US and Europe over Beijing’s currency policy.
German Nov. inflation hits two-year high
Annual inflation in Germany hit two-year high in November mainly driven by rising energy and food prices, data showed on Thursday.
China backs Russia’s accession to WTO
China on Thursday expressed its support for Russia’s bid to become a member of the World Trade Organization (WTO).
Greek economy shrinks more than estimated in third quarter
The Greek economy shrank more than initially estimated in the third quarter, the Hellenic Statistical Authority said on Thursday.
UK trade deficit widened in October
UK’s trade deficit widened in October due to a sharp increase in imports, the Office for National Statistics said on Thursday.
World oil demand to reach all-time high this year
World oil demand is likely to exceed the previous all-time high reached in 2007, mainly driven by huge demand from the Asian countries, a report said on Wednesday.
US mortgage demand falls for second straight week
The U.S. home loan demand continued to fall in the week ended Dec.3, posting a decline for two straight weeks as the mortgage rates rise from their lowest levels.
UK monthly manufacturing orders rise sharply
UK factory orders continued to rise in December and the manufacturers expect the output growth to be robust in the next three months due to strengthening demand at home and abroad.
Japan shows further signs of slowdown
Japan’s trade with other nations rose only slightly in October, raising fears of a slowdown in the recovery of the export-dependent country.
California's economy to pick up next year, add 183,000 jobs
Economy of California is expected to witness a slight pick up next year with a drop in unemployment rate, said a report on Tuesday.
Growth of emerging East Asian economies to slow next year
Emerging East Asian economies will grow more than forecast this year but growth will slow in the region next year, the Asian Development Bank (ADB) said on Tuesday.
China to cease auto incentives from next year
China will cease offering tax incentives for small cars from next year, as the government plans to end stimulus measures, said a report on Monday.
Shanghai loses top spot as preferred property investment destination
Shanghai in China dropped to second place in the list of most favorable destinations for property investments in Asia, said a survey on Monday.
Metropolitan cities in emerging markets lead global recovery
The global economic recovery is being led by large metropolitan cities accounting for about half of the global gross domestic product (GDP), said a report.
Indian economic growth to overtake China's in ten years: Roubini
Economic growth in India will overtake that of China in the next ten years, boosted by huge domestic demand, said noted global economist Nouriel Roubini.
Eurozone Oct. retail sales rise unexpectedly
Eurozone retail sales rose unexpectedly in October for the first time in three months, showing an improvement in household demand.
US weekly jobless claims rise more than expected
Applications for the jobless benefits in the U.S. rose more-than-expected for the week ended Nov. 27, after falling sharply to lowest levels since July 2008 in the previous week.
Global economy to witness weaker growth next year: UN
The global economic recovery had started losing momentum from mid-2010 and all the indicators point to weaker growth next year, said a report by United Nations (UN) on Wednesday.
Job cuts reached eight-month high in Nov.: Challenger
Planned job cuts in the U.S rose sharply in November to reach an eight-month high, a nation-wide survey of employers revealed.
