US Economy - Page 11

Reuters - Retail sales rose just 0.1 percent in February and a growing number of Americans fell behind on their mortgages late last year, according to data on Tuesday that raised concerns about the economy.

FT.com - The flight to quality gathered pace on Tuesday, pushing global bond prices higher on the back of ongoing concerns that problems in the subprime mortgage market could spark a slowdown in the wider US economy. More Info...  

Reuters - Retail sales rose a less-than-expected 0.1 percent in February despite firm automotive sales as building materials and general merchandise sales slumped, a Commerce Department report showed on Tuesday.

Reuters - Small and mid-sized companies are optimistic about the U.S. economy's prospects in 2007 on the back of brisk first-quarter sales and increased revenue, according to a survey released on Tuesday. More Info...  

Reuters - Chinese inflation rose in February on the back of higher food costs, but economists said they did not expect price pressures to get out of hand despite breakneck growth and plentiful cash in the banking system.

Reuters - Japan's cabinet on Tuesday approved an updated minimum wage bill, the first major revision in nearly 40 years, as part of the government's efforts to close the gap between between rich and poor and boost economic growth.

Economy News AP - The deficit for the first five months of the budget year is down sharply from a year ago as the growth in government tax collections continues to outpace growth in spending. More Info...  

AP - The deficit for the first five months of the budget year is down sharply from a year ago as the growth in government tax collections continues to outpace growth in spending. More Info...  

FT.com - Bad news from the US subprime mortgage market sparked a global search for safe havens and a rally in government bond prices on Monday as fears grew that subprime woes could spread to the wider US economy. More Info...  

AFP - The euro rose against the dollar on Monday as confidence in the US economy remained shaky, dealers said, while the yen strengthened and the pound was sold off as investors unwound their "carry trades."

Reuters - U.S. retail sales outside the auto sector firmed in February, but were restrained by the housing slump and rising gasoline prices, according to a report published Monday.

Reuters - China pledged on Monday that 2007 would be another year of extensive financial reform but said there was no quick way to bring down its record trade surplus. More Info...  

Economy News AP - The unemployment rate dipped to 4.5 percent and workers got fatter paychecks in February, even as bad winter weather sent a bit of a chill through U.S. job growth. More Info...  

Economy News Reuters - Federal Reserve officials stressed on Friday the importance of keeping close watch on inflation expectations as a way to keep inflation in check and keep track of trends in the economy. More Info...  

Reuters - Federal Reserve officials stressed on Friday the importance of keeping close watch on inflation expectations as a way to keep inflation in check and keep track of trends in the economy. More Info...  

AP - The unemployment rate dipped to 4.5 percent and workers got fatter paychecks in February, even as bad winter weather sent a bit of a chill through U.S. job growth. More Info...  

Reuters - The U.S. economy added 97,000 jobs in February, the smallest gain in two years, but job growth in prior months was revised higher and the unemployment rate dropped, the government said on Friday in a report that eased fears over a sharp economic slowdown.

FT.com - The US economy created jobs at a steady pace last month as the unemployment rate eased to 4.5 per cent, according to fresh government figures that soothed market fears about a slowdown. More Info...  

AFP - US employers added 97,000 jobs in February, new data showed Friday, suggesting the world's biggest economy is chugging along despite weakness in the housing and auto sectors.

AP - The trade deficit narrowed slightly in January as U.S. exports rose to an all-time high while imports dropped, sending a hopeful signal that the country's trade imbalances may finally start to improve this year. More Info...