Economy news 1/2/2007
Economy news 1/2/2007
European Manufacturing Growth Slows Unexpectedly to Lowest in Nine Months European manufacturing growth unexpectedly slowed in December after interest rates rose and the stronger euro clouded the outlook for exports.
Workers of the World May Get Bigger Share of Global Prosperity in 2007 Workers of the world are demanding a bigger share of global prosperity, and this year they may get it.
U.K. Factory Expansion Slowed Unexpectedly to Nine-Month Low in December Manufacturing growth in the U.K. unexpectedly decelerated in December to the slowest pace in nine months, suggesting that a stronger pound and a lull in the U.S. economy may be weighing on production.
New Zealand Annual Trade Gap Probably Narrowed in November as Imports Fell New Zealand's trade deficit was probably the narrowest since September last year in the 12 months ended Nov. 30 because imports declined, according to a survey of economists.
Hong Kong's Retail Sales Pick Up as Rising Incomes Spur Consumer Spending Hong Kong's retail sales growth accelerated in November for the first month in three as low unemployment and a surging stock market encouraged consumers to spend more.
Venezuela Annual Inflation Rate Rose to Highest in 17 Months in December Venezuela's annual inflation rate rose in December to its highest in 17 months as a jump in government spending spurred consumer demand.
Fed Watch
Fed Delays Release of Minutes to Honor Ford; District Banks to Open Jan. 2 The Federal Reserve said minutes of the December meeting of the Federal Open Market Committee will be delayed until Jan. 3 because of a national day of mourning for former President Gerald R. Ford.
Fed's Fisher Says Rate Increase May Be Needed If Inflation Doesn't Ease Inflation is a greater risk to the economy than slower growth, and the Federal Reserve may need to raise interest rates if price increases don't subside, Federal Reserve Bank of Dallas President Richard Fisher said.
Fed Leaves Benchmark Rate at 5.25 Percent, Says `Inflation Risks Remain' The Federal Reserve kept the benchmark U.S. interest rate at 5.25 percent and suggested a softer growth outlook while continuing to note inflation risks.
European Manufacturing Growth Slows Unexpectedly to Lowest in Nine Months European manufacturing growth unexpectedly slowed in December after interest rates rose and the stronger euro clouded the outlook for exports.
Workers of the World May Get Bigger Share of Global Prosperity in 2007 Workers of the world are demanding a bigger share of global prosperity, and this year they may get it.
U.K. Factory Expansion Slowed Unexpectedly to Nine-Month Low in December Manufacturing growth in the U.K. unexpectedly decelerated in December to the slowest pace in nine months, suggesting that a stronger pound and a lull in the U.S. economy may be weighing on production.
New Zealand Annual Trade Gap Probably Narrowed in November as Imports Fell New Zealand's trade deficit was probably the narrowest since September last year in the 12 months ended Nov. 30 because imports declined, according to a survey of economists.
Hong Kong's Retail Sales Pick Up as Rising Incomes Spur Consumer Spending Hong Kong's retail sales growth accelerated in November for the first month in three as low unemployment and a surging stock market encouraged consumers to spend more.
Venezuela Annual Inflation Rate Rose to Highest in 17 Months in December Venezuela's annual inflation rate rose in December to its highest in 17 months as a jump in government spending spurred consumer demand.
Fed Watch
Fed Delays Release of Minutes to Honor Ford; District Banks to Open Jan. 2 The Federal Reserve said minutes of the December meeting of the Federal Open Market Committee will be delayed until Jan. 3 because of a national day of mourning for former President Gerald R. Ford.
Fed's Fisher Says Rate Increase May Be Needed If Inflation Doesn't Ease Inflation is a greater risk to the economy than slower growth, and the Federal Reserve may need to raise interest rates if price increases don't subside, Federal Reserve Bank of Dallas President Richard Fisher said.
Fed Leaves Benchmark Rate at 5.25 Percent, Says `Inflation Risks Remain' The Federal Reserve kept the benchmark U.S. interest rate at 5.25 percent and suggested a softer growth outlook while continuing to note inflation risks.
posted by alexsakne at 12:59 PM
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