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SeekingAlpha.com (Free subscription) | yesterday
Zacks.com submits: Citigroup Inc. ( C ) forecasts strong economic growth in many countries in 2010. But although the company expects several countries to experience economic growth, it predicts that the growth will be somewhat uneven. According to the annual report of Citi’s Investment Research and Analysis group, though growth will be strong and even across major economies in the beginning...
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Market Watch (Free subscription) | yesterday
With consumer spending on the rise, the economy expand at a revised 2.8% annualized rate in the third quarter, the Commerce Department reports.
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Market Watch (Free subscription) | yesterday
SAN FRANCISCO (MarketWatch) -- The U.S. dollar modestly added to gains Tuesday after the Conference Board reported consumer confidence rose modestly in November, topping economists' expectations, but stocks continued to sell off. The dollar index rose to 75.25 from 75.10 before the 10 a.m. Eastern release. A downward revision to U.S. third-quarter economic growth weighed on stocks and supported the...
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The Business Insider (Free subscription) | yesterday
While lots of us were expressing relief that the slip dowward in the revised economic growth numbers out from the government was not worse than expected, Paul Krugman came in with a reality check . The revised number is so low that it means the unemployment rate will remain elevated...forever. The problem is that with growth at just 2.8%, we're not really doing anything to take up the slack in the...
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Market Watch (Free subscription) | 11/23/2009
FRANKFURT (MarketWatch) -- The rand rose 1.9% against the U.S. dollar on Monday, boosted by the rally in gold prices and expectations that data due Tuesday will show the South African economy grew by an annualized 0.5% in the third quarter from the preceding quarter. "Many are linking the rally in gold to new record highs with the rand's strength," said Marc Chandler, currency strategist...
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iStockAnalyst.com (Free subscription) | 11/20/2009
U.S. stocks extended a global drop as concern grew that the rally has outpaced the prospects for economic growth. The yen and the dollar strengthened, oil tumbled and yields on Treasury three-month bills turned negative for the first time since financial markets froze last year. [More...]
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Market Watch (Free subscription) | 11/19/2009
NEW YORK (MarketWatch) - U.S. stocks finished lower Thursday, continuing a global decline sparked by worries equities' rise had reached beyond likely economic growth. Bank of America's downgrade of chipmakers further dented investor sentiment. Well off its intraday lows, the Dow Jones Industrial Average lost 93.87 points, or 0.9%, at 10,332.44. The S&P 500 Index dropped 14.9 points, or 1.3%, at...
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CARPE DIEM (Free subscription) | 11/19/2009
Somewhat surprisingly, the Economic Research Service of the U.S. Department of Agriculture has some great international historical macroeconomic datasets . According to its website: The International Macroeconomic Data Set provides data from 1969 through 2020 for real (adjusted for inflation) gross domestic product (GDP), population, real exchange rates, and other variables for the 190 countries and...
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Market Watch (Free subscription) | 11/19/2009
LONDON (MarketWatch) -- The Paris-based Organization for Economic Cooperation and Development on Thursday said a recovery across its 30-member area is picking up steam thanks to stimulus measures and other interventions. In its semi-annual Economic Outlook, the OECD said it now expects U.S. gross domestic product to shrink 2.5% in 2009, followed by growth of 2.5% in 2010. In June, the OECD forecast...
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Urbanomics (Free subscription) | 11/18/2009
In the backdrop of a global economic recession and a world economy plagued with fundamental macroeconomic imbalances, as President Obama embarks on his maiden visit to China, the elephant in the room is clearly China's weak currency policy. China's obstinacy to use it massive forex reserves to keep the renminbi pegged (at 6.83 to a dollar since mid-2008) to a declining dollar so as to artificially...
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iStockAnalyst.com (Free subscription) | 11/16/2009
US stocks finished with solid gains on Monday after Federal Reserve chairman Ben Bernanke said that the central bank is likely to keep interest rates exceptionally low for "an extended period," in order to encourage economic growth. [More...]
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Market Watch (Free subscription) | 11/16/2009
SAN FRANCISCO (MarketWatch) -- The U.S. dollar held to losses against its major rivals Monday after Federal Reserve Chairman Ben Bernanke, in remarks prepared for a speech in New York, said the U.S. economy still faces considerable challenges, but the most likely outcome is moderate economic growth with subdued inflation. The U.S. dollar index traded at 74.918, down about 0.5% for the day. The euro...
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Market Watch (Free subscription) | 11/16/2009
NEW YORK (MarketWatch) -- U.S. stocks lost a bit of steam in midday trade Monday, after Federal Reserve Chairman Ben Bernanke said the most likely outcome for the economy is moderate economic growth with subdued inflation. Up nearly 150 points before the speech, The Dow Jones Industrial Average last gained 111 points, or 1.1%, to 10,381. The S&P 500 index rose 14 points, or 1.3%, to 1,108, while...
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Market Watch (Free subscription) | 11/16/2009
NEW YORK (MarketWatch) -- Crude and gold futures remained higher Monday after Federal Reserve Chairman Ben Bernanke said the U.S. economy still faces considerable challenges, but the most likely outcome is moderate economic growth with subdued inflation. December crude rose 3.2% to $78.78 a barrel, and December gold was up 1.4% at $1,132 an ounce. Market Pulse Stories are Rapid-fire, short news bursts...
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Market Watch (Free subscription) | 11/16/2009
NEW YORK (MarketWatch) - The U.S. economy still faces considerable challenges, but the most likely outcome is moderate economic growth with subdued inflation, Federal Reserve Chairman Ben Bernanke said Monday. "I expect moderate economic growth to continue next year," Bernanke said in remarks to the Economic Club of New York. "Final demand shows signs of strengthening, supported by...
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konaxis | 12/10/2008
China’s State Council, during an executive meeting has identified 10 major areas where actions to stimulate domestic consumption and economic growth shall take place. Here are the 10 major steps in 10 major areas towards economic development: *Housing Build more affordable and low-rent housing, speed up slums clearing, expand the program to rebuild rural housing and encourage nomads to settle down....
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iihsindia | 12/01/2008
Indonesia has emerged as one of the rapidly growing food and drinks industry in the South East Asia. Various factors, such as economic growth, increasing urbanization, young affluent population, and numerous regional food health and safety concerns have led to a surge in the industry. Considering the growth potential, numerous domestic and international players have set up their facilities in a move...
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prakash m apte | 11/14/2008
CALCUTTA : STEMMING THE TIDE Prakash M. Apte The root cause, therefore, of the rapid growth of Calcutta is regional imbalance in terms of the economic growth of neighbouring states. Even within the state of West Bengal there is no other comparable centre affording mass employment.
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