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Shoppers Still Spending Less, Saving More
Sep.08,2010
Only about half of American adults (54 percent) plan to spend $300 or more on holiday gifts this year, a 10 percent decrease from what Americans last year said they typically spend, according to a survey commissioned by ING DIRECT. Only 11 percent plan to spend between $1 and $100 this year, unchanged from 2008, and 23 percent plan to spend $100 to $299 compared to 21 percentRead More + -
Investors Braced for Week Of Key Data
Sep.02,2010
Investors are preparing for a week of crucial economic data that could decide the Federal Reserve’s next move after Ben Bernanke, its chairman, said it would ease monetary policy if the outlook deteriorated “significantly”. Non-farm payrolls data due on FridayRead More + -
EUROPEAN COMPETITION CHIEF BREAKS SILENCE OVER GOOGLE GRIPES
Aug.09,2010
By Tim Bradshaw, Nikki Tait in London, in Brussels The prospect of Google facing a European inquiry into allegations of anti-competitive behaviour appeared to increase when the EU＇s top competition officialRead More + -
Britain Is Puzzled By Its Inflation Problem In A Downturn
Aug.09,2010
LONDON ― Bank of England policy makers are puzzled by persistently rising prices in Britain ― even during the deepest recession since World War II. Now that a tentative recovery has begun, some economists are worried that the policy makers at the central bank might feel the need to raise interest rates earlier rather than later to combat sticky inflation ― a move that could tip the British economy back into recession.Read More + -
Chinese Economy Likely To Maintain Steady, Rapid Growth In 2010: PBOC
Jul.07,2010
China’s economy is very likely to maintain steady and rapid growth in 2010, with more positive factors than last year boosting the economy, the People’s Bank of China (PBOC), China’s central bank, said Wednesday. But the nation’s economy still faces aRead More + -
The Yuan And The Failure Of Diplomacy
Jul.02,2010
When the Federal Reserve Open Market Committee meets on Wednesday, no one expects it to raise the federal funds rate - the overnight bank rate that now hovers below 0.25%. However, businesses, politicians and prognosticators are eager, perhaps inappropriately so, to hear clues about when it will begin raising short-term interest rates to a more normal level.Read More + -
Australian Consumer Confidence Drops In June
Jul.02,2010
AUSTRALIAN consumer sentiment dropped significantly for a second straight month in June, providing more evidence the Reserve Bank of Australia may remain on hold for the time being after raising rates aggressively in the past nine months. For June, an index of consumerRead More + -
Headache Avoided, Hurdles Ahead
Jun.22,2010
AN OLD Yugoslav song celebrated the unity of the country from the Vardar, the river that runs through Macedonia, to Triglav, Slovenia’s highest mountain. Today’s ex-Yugoslav policymakers from the Vardar to Triglav are once againRead More + -
Obama Doctrine Hinges On Economy
Jun.22,2010
Barack Obama issued formal burial rites for the George W. Bush neoconservative era with the release of his first national security strategy, which calls for a “renewal of American leadership” by working with other countries and reinvigorating the domesticRead More + -
NRF Predicts Retail Sales Will Rise 2.5% In 2010
Feb.04,2010
Retail could return to 2007 levels by 2011 if recovery continues as forecast. Expecting the job and housing markets to improve this year, the National Retail Federation today predicted 2010 retail sales will climb 2.5% comparedRead More +
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