Economic Indicators
FTSE 100 shares close lower
Mar 21, 2013 13:18 EDT
London shares closed lower on Thursday as traders looked past positive economic data to focus on bleak eurozone news, notably fallout from the Cyprus bailout impasse.
Irish economy grows by 0.9% in 2012: official data
Mar 21, 2013 12:32 EDT
Ireland's bailed-out economy grew by 0.9 percent in 2012 but stagnated in the final quarter of the year, official data for the troubled eurozone nation showed on Thursday.
US existing-home sales, prices up in February: NAR
Mar 21, 2013 10:47 EDT
US existing-home sales and prices pushed higher in February, with sales at their highest rate since November 2009, the National Association of Realtors said Thursday.
US jobless claims inch higher
Mar 21, 2013 09:10 EDT
New claims for US unemployment benefits rose slightly last week but remained near their lowest level in five years, government data released Thursday showed.
British retail sales rebound strongly in February
Mar 21, 2013 07:27 EDT
British retail sales jumped 2.1 percent in February, official data showed on Thursday, after dropping by 0.7 percent in January when snow caused shoppers to avoid the high street.
China manufacturing 'improves in March'
Mar 20, 2013 23:05 EDT
Manufacturing activity in China improved in March after expanding at its slowest pace in four months in February, HSBC said on Thursday, lifting hopes for a pick-up in the world's number two economy.
Govt sticks to austerity path in budget
Mar 20, 2013 22:47 EDT
The government will stick firmly to a barrage of austerity measures, Chancellor of the Exchequer George Osborne insisted in a budget that also slashed economic growth forecasts, while offering plans to boost the weak economy as the eurozone crisis reignites.
Britain sticks to austerity path in budget
Mar 20, 2013 21:49 EDT
Britain will stick firmly to a barrage of austerity measures, finance minister George Osborne insisted in a budget that also slashed economic growth forecasts, while offering plans to boost the weak economy as the eurozone crisis reignites.
New Zealand growth hits pre-recession levels
Mar 20, 2013 19:36 EDT
New Zealand's economic growth reached a four-year high in 2012, the best since the country went through a recession that it has long struggled to shake off, official data showed Thursday.
Fed holds course amid government spending cuts
Mar 20, 2013 16:39 EDT
The Federal Reserve kept its easy monetary policies in place Wednesday, saying high unemployment and the government's sharp spending cuts remain barriers to full recovery from the 2008 crash.
Fed warns US spending cuts could hit growth, jobs
Mar 20, 2013 14:57 EDT
Federal Reserve Chairman Ben Bernanke warned Wednesday that broad-based US government spending cuts could curb the economic and jobs recovery.
Fed trims US GDP outlook, sees lower unemployment
Mar 20, 2013 14:25 EDT
The Federal Reserve kept its monetary easing policies in place Wednesday as it trimmed its 2013 and 2014 economic growth forecasts for the US economy.
London shares fall
Mar 20, 2013 13:21 EDT
London shares closed lower on Wednesday as the government announced its intention to stick firmly to a barrage of austerity measures while unveiling the budget.
China to become biggest online market: study
Mar 20, 2013 13:17 EDT
China's online sales are forecast to exceed $420 billion annually by 2020, which will likely make the country the world's largest online retail market, a study showed Thursday.
Osborne retains BoE inflation target
Mar 20, 2013 11:56 EDT
George Osborne refrained from altering the Bank of England's inflation target on Wednesday, despite concerns that GDP would be a more sensible measure, but gave it more leeway to boost economic growth.
Budget: Osborne sticks to austerity path
Mar 20, 2013 11:42 EDT
Britain will stick firmly to a barrage of austerity measures, George Osborne insisted Wednesday in a budget that also slashed economic growth forecasts, while offering plans to boost the weak economy as the eurozone crisis reignites.
Budget: 2013 economic growth forecast halved
Mar 20, 2013 08:59 EDT
The government on Wednesday halved its economic growth forecast for 2013, Chancellor of the Exchequer George Osborne revealed in his annual budget.
Eurozone current account surplus narrows: ECB
Mar 20, 2013 07:18 EDT
The eurozone's current account surplus narrowed to 14.8 billion euros ($19.1 billion) in January from 16.0 billion euros in December, European Central Bank data showed on Wednesday.
S.Africa inflation spikes in February
Mar 20, 2013 07:12 EDT
South African consumer inflation jumped to 5.9 percent in February, all but ruling out an interest rate cut when the central bank meets Wednesday.
Euro sinks as Cyprus rejects bank deposit tax
Mar 19, 2013 17:48 EDT
The euro sank 0.5 percent Tuesday as Cyprus threw its EU-IMF bailout in question when legislators rejected a controversial bank deposit tax meant to raise funds for the government.
