Economy set for worst year in a decadeIndia's economy grew at an alarmingly slow 5.3% during the July-September quarter, putting the country on track for its worst financial year since the drought and dot com bust of 2002-03.
Brazil economy surprisingly weak, adds to global fearsData indicates many consumers have reached their debt limit, despite a massive year-long cycle of interest rate cuts, leaving few other strong motors to power Brazil's $2.5 trillion economy. Finance Minister Guido Mantega told reporters that growth was ...
Consumer Spending in U.S. Falls as Sandy Reduces Wages: Economy30 (Bloomberg) -- Americans unexpectedly pared spending in October as superstorm Sandy depressed wages, showing the world's largest economy is cooling as lawmakers seek ways to avoid the so-called fiscal cliff. The 0.2 percent decrease in purchases ...
UPDATE 3-Canada's economy disappoints in third qtr, outlook dimEconomy grew 0.6 pct in third quarter vs 1.7 pct in second. * GDP flat in September for second month in a row. * Exports, business investment, housing drag down growth.
Euro-Area Recession Drives Unemployment to Record 11.7%: EconomyThe euro-area economy has shrunk for two successive quarters, forcing companies to cut costs to help weather the downturn, and economists foresee a further contraction of 0.3 percent in the fourth quarter, the median of 25 forecasts in a separate ...
Poland's Economy Continues to SlowWARSAW—Poland's economy slowed for a third consecutive quarter to the lowest level since 2009, sparking fears among some economists that the largest emerging economy in the European Union could risk falling into recession as the government reins in ...
Hollande Mittal Push Risks Hurting Economy by Spooking InvestorsPresident Francois Hollande's threat to nationalize an ArcelorMittal (MT) steel plant, while saving 600 jobs, may curb the creation of new employment by reinforcing France's notoriety as a difficult place for business.
Uh-oh: The economy might be hitting a rough patchThe bottom is falling out of economic forecasters' expectations for U.S. economic growth in the final months of 2012.
National Hockey League Lockout Checks Canada Economy"It matters for the economy," said Michael Gregory, one of Mr. Porter's colleagues at BMO. Canada's key monthly jobs data have also suggested signs of lockout-induced economic strain, Mr. Gregory said. He points to the approximately 14,500 jobs lost in ...
Senate votes to tighten penalties on Iran's domestic industries, targeting economyWASHINGTON - The Senate voted Friday to impose new sanctions on Iran's domestic industries, targeting the Islamic Republic's economy to thwart its nuclear ambitions. The 94-0 vote for a package of penalties reflected fears about the threat of Iran's ...
The US economy grew 2.7% last quarter. That's not entirely good news.The economy grew at a 2.7 percent pace in the third quarter of 2012, not the 2 percent pace previously estimated. That's the latest verdict from the Bureau of Economic Analysis today, which went back and updated its GDP numbers as better data rolled in.
The Economy's Improving? Tell Small BusinessOne survey following another shows that Americans feel better about the economy than they have since before the 2008 financial crisis.
Oil Heads for First Monthly Gain Since August on EconomyOil headed for its first monthly gain since August in New York amid signs of economic growth in the U.S. and China, the world's biggest crude consumers.
The Gift of a Sustainable EconomyAs the end of the year approaches, so does the biggest consumer rush of the year, as millions flock to the stores and online vendors for the latest TVs, gadgets, trendy toys, clothes and more.
Canadian Stocks Fall, Heading for Monthly Drop, as Economy SlowsCanadian stocks fell, heading for the first monthly decline since May, as the nation's economic growth slowed more than estimated and U.S.
Sandy delivers blow to economyFILE -In this Tuesday, Oct. 30, 2012, file photo, a man cleans up his store damaged by Hurricane Sandy, in New York's South Street Seaport.
Boehner: Obama fiscal cliff offer bad for economyHouse Speaker John Boehner (BAY'-nuhr) says President Barack Obama's proposal to avoid the fiscal cliff by boosting revenue by $1.6 trillion over the next decade would be a "crippling blow" to the economy and leave the nation's debt problems unresolved.
The Bipolar Economy: If Consumers Are Happy, Why Is Business So Miserable?For years after the crash, businesses were growing while consumers were struggling. Suddenly, businesses are pessimistic, and consumers are happy.
Mexico's new president to shift dialogue with US, from drugs to economyMEXICO CITY - On the eve of his inauguration and his party's return to power, Mexico's incoming President Enrique Peña Nieto has vowed to reshape his country's education, business and energy sectors in ways that could have profound effects on the ...
Has the Indian economy turned the corner?Don't look now, but India's 30-stock Sensex /quotes/zigman/1652085 IN:1 is up 25% so far this year, back up among Asia-Pacific's best performing stock markets for 2012 (behind the Thai and Philippine benchmarks but ahead of New Zealand and Hong Kong ...