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U.K. Consumers Wary

30. July 2010 - 4:28
Consumer confidence slumped to the lowest level in 11 months in July, raising fears the economy could fall back into recession, a monthly survey released by polling firm GfK NOP showed.
Categories: Economics

Building Bust Chokes Off California Jobs

30. July 2010 - 4:08
Amid the tepid economic recovery, California's construction industry continues to hemorrhage jobs, helping to explain why unemployment across the state remains so much worse than elsewhere in the country.
Categories: Economics

Germany Regains Jobs Lost in Recession

30. July 2010 - 3:20
German unemployment fell in July for the 13th straight month, putting Europe's largest economy on the brink of a milestone: regaining all of the employment lost during the recession far earlier than many expected.
Categories: Economics

More Record Lows for Mortgages

30. July 2010 - 2:56
U.S. mortgage rates fell again, with the average rate on 30-year and 15-year fixed-rate mortgages furthering record lows.
Categories: Economics

Fitch Cuts Vietnam Ratings

30. July 2010 - 2:44
Fitch cited a deterioration in the Southeast Asian country's finances and a banking system vulnerable to systemic stress.
Categories: Economics

Home Prices Rise but Outlook for Sector Dims

30. July 2010 - 2:04
Home prices rose in May but were expected to lose momentum with the expiration of federal tax credits, while consumer confidence sagged—both signs that the economic recovery remains fragile.
Categories: Economics

IMF Urges China to Consume More

30. July 2010 - 0:25
China's trade surplus is set to balloon again unless the government takes more steps to support domestic consumption, including letting its currency strengthen, the IMF warned.
Categories: Economics

Jobless Claims Fall

29. July 2010 - 16:47
Initial jobless claims declined by 11,000 to 457,000 last week, but that followed a big rise the previous period, signaling little improvement in the job market.
Categories: Economics

Canada Logs Opposition to Simpler Census

29. July 2010 - 15:54
The government of Canadian Prime Minister Stephen Harper is under fire from a range of opponents for a privacy initiative—making participation in his country's census largely voluntary.
Categories: Economics

Euro-Zone Sentiment Improves

29. July 2010 - 14:28
Euro-zone economic sentiment strengthened to its highest level in more than two years in July, fueled by markedly positive numbers in Germany.
Categories: Economics

Beige Book Shows Sluggish Growth

29. July 2010 - 12:20
U.S. economic activity rose only modestly in June and the first half of July, the Fed said, in another sign that the recovery may be running out of steam.
Categories: Economics

U.K. Mortgage Approvals Drop

29. July 2010 - 11:22
U.K. mortgage approvals slipped to their weakest level since February and net consumer lending remained tame in June. U.K. consumer confidence slumped to its weakest level in 13 months in July.
Categories: Economics

BOE's King Sounds Note of Caution on Recovery

29. July 2010 - 8:52
Bank of England Governor Mervyn King said that the central bank could either ease policy further in coming months or reduce its stimulus somewhat, depending on how conditions evolve.
Categories: Economics

It's-Its Dodge Economic Chill

29. July 2010 - 4:41
A Bay Area company has retained a recipe for success in a sluggish economy: Take a scoop of ice cream, squish it between two oatmeal cookies and apply dark chocolate.
Categories: Economics

Durable-Goods Orders Slide

29. July 2010 - 4:34
Demand for U.S. durable goods slid 1% in June for a second consecutive month in another sign the manufacturing sector expansion is slowing.
Categories: Economics

Property Crime Edges Up

29. July 2010 - 3:44
Property crime decreased in many cities in the Bay Area and across the U.S. last year, but not in some Silicon Valley communities.
Categories: Economics

ECB Gets Tougher on Its Bank Lending

29. July 2010 - 3:07
The ECB set big increases to the discounts it will impose on low-rated and illiquid bonds when it accepts them as collateral for its lending operations.
Categories: Economics

Russia Plans State Asset Sale

29. July 2010 - 0:19
The Russian government outlined plans to slightly loosen state control over the economy, aiming to raise as much as $29 billion by selling minority stakes in state companies.
Categories: Economics

IMF Report Shows Discord on Yuan

28. July 2010 - 21:53
The IMF urged China to phase out stimulus measures that boosted the global economy during the recent downturn, a long-delayed review revealed.
Categories: Economics

Rate Swings Sting Europe's Borrowers

28. July 2010 - 17:17
Households and small businesses across Central and Eastern Europe are sinking under the weight of foreign-currency debts.
Categories: Economics