| Jobless to peak at 7.5 percent: survey The National Association of Business Economists' poll of 50 professional forecasters released on Monday found that real gross domestic product was expected to fall 2.6 percent in the fourth q ...[more] |
| Brazil's Lula hails G20 meeting as decisive change The Washington meeting of the world's 20 largest economies to respond to the global financial crisis agreed to a place for emerging countries on the Financial Stability Forum, where top bank ...[more] |
| U.S. recession will last 14 months: Fed survey The bank's quarterly Survey of Professional Forecasters also predicted non-farm payrolls would shrink by an average 222,400 per month during the last quarter of the year, nearly five times th ...[more] |
| Industry rebounds in October but factory outlook grim Industrial production rose by a stronger-than-expected 1.3 percent in October after a downwardly revised September drop of 3.7 percent -- the biggest fall in more than 62 years, according to ...[more] |
| Japan in recession, risks longest contraction ever The 0.1 percent contraction in July-September gross domestic product barely captured the impact of the financial fire-storm that began in mid-September, wrecking Wall Street banks, triggering ...[more] |
| BOJ's Nishimura: Global financial market tension rising "Due to strong awareness of counterparty risks in the dollar markets, the function of these markets is declining and Japan's financial market is also becoming unstable," Nishimura said at a s ...[more] |
| ECB's Noyer: Global response to crisis was swift Noyer, who is also governor of the Bank of France, told a seminar on Japanese and French financial markets that French banks were robust and stable. (Reporting by Yasuhiko Seki and So ...[more] |
| Muffins to iPods: Australia's new economic indicators Unconvinced by official data, which are sending mixed and sometimes dubious signals, pundits are instead turning to everything from muffin sales to home-brewing kits. Even economists ...[more] |
| More help likely for ailing Chinese property market Nationwide urban real estate prices rose only 1.6 percent in the year to October, the weakest rise since Beijing started publishing the data in 2005, and economists expect prices soon to be i ...[more] |
| World leaders show unity, vow to do no harm Old Cold War rivals from the West and former Communist East publicly tied their economic fates together on Saturday and gave themselves until April to hammer out concrete reforms. "Th ...[more] |
| G20 meeting took important step forward: Weber Weber, who also sits on the European Central Bank's Governing Council, said bank supervisors and central bankers were working toward a goal of tackling problems in the global financial system ...[more] |
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