US Economy - Page 13

Reuters - China will keep to a path of rapid but stable economic growth in 2007, the head of the National Development and Reform Commission, China's top planning agency, said on Wednesday.

FT.com - Japan's main stock indices ended mildly down on Wednesday, hit by continuing fears over the US economy. More Info...  

Reuters - U.S. Treasury Secretary Henry Paulson on Wednesday predicted stable growth for the U.S. economy but he made no remarks on the yen or financial markets which are jittery after more than a week of turmoil.

Economy News

AP - The economy is still caught between slowing growth and stubborn inflation pressures, new government reports showed Tuesday.

AP - The economy is still caught between slowing growth and stubborn inflation pressures, new government reports showed Tuesday.

Reuters - U.S. factory orders suffered the steepest drop in six years last month and an index of homes sales fell, according to data on Tuesday highlighting weak spots in the economy that could derail its recovery.

Reuters - New orders at U.S. factories tumbled by a greater-than-expected 5.6 percent in January, the biggest decline in more than six years, on a big drop in aircraft orders, a Commerce Department report showed on Tuesday.

Reuters - Business productivity growth was revised down sharply as expected in the fourth quarter to an annualized 1.6 percent pace, government data on Tuesday showed, in a warning on inflation as labor costs soared.

Reuters - Former Federal Reserve chairman Alan Greenspan was quoted as seeing a "one-third probability" of recession in the United States this year, according to an interview with Bloomberg.

Reuters - U.S. Treasury Secretary Henry Paulson said on Tuesday that a weakened housing market will not have a major impact on the U.S. financial sector, which he described as quite healthy.

Economy News AP - The nation's service sector expanded at a slower-than-expected rate in February amid a slowdown in new orders that economists think may help cool inflation. More Info...  

Reuters - The U.S. service sector grew for the 47th straight month in February, although the rate of expansion moderated more than expected from January's torrid pace and pricing pressures eased, a report showed on Monday.

AP - China's government announced hefty spending increases Monday to boost incomes and improve social services for the urban poor and the lagging, restive countryside this year while guiding the booming economy to more stable growth.

Economy News

AP - Premier Wen Jiabao promised Monday to spend more on boosting incomes in China's poor, restive countryside and protecting the environment as he announced budget plans for 2007.

AFP - The US economic expansion suddenly seems more fragile than thought just weeks earlier, after a sharp downward revision to the past quarter's growth and renewed fears about the slump in real estate.

AFP - Treasury Secretary Henry Paulson on Sunday tried to reassure investors the US economy is robust, despite last week's unsettling stock market plunge.

Reuters - U.S. Treasury Secretary Henry Paulson on Sunday said he feels good about the U.S. economy and does not see the country slipping into recession.

Economy News AP - A better than expected performance from the U.S. manufacturing sector in February helped calm investors on Thursday, even as economists cautioned that one month's worth of data is not a cause for too much optimism. More Info...  

AP - A better than expected performance from the U.S. manufacturing sector in February helped calm investors on Thursday, even as economists cautioned that one month's worth of data is not a cause for too much optimism. More Info...  

AP - The rate of increase in U.S. home prices remained steady in the fourth quarter of 2006, extending the slowing trend that began earlier in the year, federal regulators reported Thursday.