New Chinese Leadership to Continue Economic Reforms: Hu Jintao
Opening a congress to mark a once-in-a-decade leadership change, President Hu Jintao of China said the country will continue to pursue a boost in domestic demand to spur its economy.
BoE Votes to Continue QE as Split Emerges
Meanwhile, members voted to maintain the central bank’s interest rate at its current low of 0.5%.
Eurozone Confidence Falls Again
Economic confidence throughout the eurozone fell in July, reaching its lowest level since September 2009, and business confidence also headed lower for the fifth straight month as the eurozone crisis dragged on.
Bernanke Signals No Immediate Moves
Chairman Ben Bernanke said the Fed is prepared to take further steps to lift the U.S. economy if it weakens. But he didn't signal any imminent action in testimony before a congressional panel Thursday.
G7 Sets Crisis Conference Call After Soros Warning
G7 leaders planned a conference call Tuesday ahead of a scheduled mid-June summit meeting, after a weekend warning by the billionaire George Soros that Europe had just three months to salvage the euro.
The Shale Gas Rush
With all of this new economic activity comes investing opportunity. And there is more than one way to play the market.
Euro Zone Confidence Falls More Than Expected
Confidence in the euro zone is falling along with the economic picture, and it’s doing so faster than predicted.
U.K. Manufacturing Unexpectedly Falls
Manufacturing in the U.K. surprised economists by falling 1% in February, when they had expected it to increase by a small margin. To add to the glum news, January’s numbers were adjusted downward as well.
Euro Zone Employment, Manufacturing Fall
As the euro zone slipped back into recession, employment numbers dropped along with manufacturing, and the ranks of the jobless rose to about 17.13 million.
U.K. Unemployment Higher Than Expected
The rise in the rate of claims may push criticism that cuts in government spending by Prime Minister David Cameron are too aggressive as he attempts to reduce Britain’s deficit. Consumer confidence is sagging, based in part on fears of job loss, and the country’s economy contracted in Q4 of...