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US Q2 growth cut; consumer spending upUS economic growth was a bit more sluggish than initially thought in the second quarter as businesses aggressively ran down stocks of unsold goods, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 More… |
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World stocks gain after US growth revised higherWorld equity markets and the dollar advanced on Friday to end a rocky week on an upbeat note after US economic growth was revised upward again and Federal Reserve said it was on track to raise interest rates this year. World equit More… |
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US economic growth slows to 2.2 pc in Q4US economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending. Gross domestic product expanded at a 2.2 per c More… |
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Oil drops near $61 as dollar firms on strong US dataBrent futures fell toward $61 per barrel on Wednesday, giving up some of the previous session's gains, as the US dollar held near its highest level in nearly nine years on strong data. The dollar index stayed close to its high More… |
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Oil below $76 on revised US GDP dataOil slipped below $76 a barrel on Wednesday, after a fall of two percent a day earlier on data showing slower-than-expected US growth and a big build in crude stocks, signalling weak demand in the world's top energy user. The dollar hit it More… |
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IMF raises US 2010 GDP forecast, warns on debtThe US economy is mending more quickly than anticipated, although high unemployment and growing commercial property defaults will put a drag on the recovery, the International Monetary Fund said on Thursday. In its World Economic Outlook, More… |
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Dollar hits lowest in ‘09The dollar fell broadly on Monday and hit its lowest point this year against a basket of currencies after higher oil prices, steady global stock markets and US GDP data boosted investments in riskier assets. The Australian dollar, a commod More… |
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US GDP data adds to hopes for global recoveryImproving vital signs across the globe -- from US GDP to Japanese factory output and British house prices to German retail sales -- raised hope on Friday that the world economy was responding after months in intensive care. The US economy More… |
