US Economy - Page 31

AP - A likely soft landing for the U.S. economy will not dent the recovery that is gathering pace in Europe, the OECD said Tuesday, as it raised its growth forecast for the 12 nations that use the euro and cut its outlook for the United States.

AP - Orders for big-ticket manufactured goods plunged in October by the largest amount in more than six years, in another sign of a slowing economy.

Reuters - The pace of existing home sales unexpectedly rose in October to a 6.24 million-unit annual rate as a record drop in prices tempted buyers, the National Association of Realtors said on Tuesday.

Reuters - U.S. consumer confidence fell in November as Americans grew more pessimistic about the job market, a survey showed on Tuesday.

Reuters - A strong dollar is in America's interest, U.S. Treasury Secretary Henry Paulson said on Tuesday as the greenback continued its slide against major currencies. More Info...  

Reuters - New orders for U.S.-made durable goods tumbled a larger-than-expected 8.3 percent in October on a big drop in civilian aircraft, but durable goods orders also fell when transportation was stripped from the total, a government report showed on Tuesday.

Reuters - The United States needs greater foreign exchange flexibility from China, U.S. Treasury Secretary Henry Paulson said on Tuesday as the dollar continued its slide against most major currencies.

Reuters - U.S. Treasury Secretary Henry Paulson said on Tuesday trade protectionism was on the rise despite strong global prosperity and warned it was a potentially dangerous trend.

Economy News

Reuters - Investor confidence in the U.S. economy surged to its highest level in 10 months, buoyed by a stock market rally and fading worries over energy prices, a survey showed on Monday.

Economy News Reuters - A think tank at People's University has forecast China's economic growth will slow to about 9.25 percent in 2007 and remain near that rate through 2010, the Beijing News reported on Sunday. More Info...  

Reuters - A think tank at People's University has forecast China's economic growth will slow to about 9.25 percent in 2007 and remain near that rate through 2010, the Beijing News reported on Sunday. More Info...  

Economy News FT.com - The dollar suffered a steep sell-off this week amid expectations of a further slowdown in the US economy. More Info...  

FT.com - The dollar suffered a steep sell-off this week amid expectations of a further slowdown in the US economy. More Info...  

AP - German insurer Allianz SE said Friday it had reached a new labor deal that avoids any near-term compulsory layoffs but still foresees some 5,700 jobs cut by the end of 2008. More Info...  

AFP - The dollar has fallen to a 19-month low of 1.3085 to the euro on concerns about a slowdown in the US economy, but some analysts said they could see no clear cause.

Economy News Reuters - The U.S. economy is slowing but the outlook is benign, while Japan is poised for its longest post-war growth spell, OECD chief Angel Gurria said on Thursday. More Info...  

Reuters - The U.S. economy is slowing but the outlook is benign, while Japan is poised for its longest post-war growth spell, OECD chief Angel Gurria said on Thursday. More Info...  

Reuters - German corporate sentiment unexpectedly rose in November to equal a 15-year high as business expectations and firms' assessment of current conditions improved, a key survey showed on Thursday.

AP - German business confidence brightened in November for the second month in a row, beating economists' forecasts, according to a closely watched survey Thursday. More Info...  

AP - Malaysia's economy grew 5.8 percent in the third quarter from a year ago, buoyed by rising exports and higher government spending, the central bank said Thursday. More Info...