economists

US fixed mortgage rates back to record lows


September 21st, 2012 - 1:31 pm ICT by IANS
Washington, Sep 21 (IANS) US fixed mortgage rates this week fell back to record lows after the Federal Reserve announced last week a new round of quantitative easing, also known ... Read more...

Posted in Business |

Australian capital expenditure goes up


August 30th, 2012 - 1:32 pm ICT by IANS
Sydney, Aug 30 (IANS) The rise in capital expenditure (capex) in the June quarter suggests that the mining boom in Australia will continue for the next few years, economists said ... Read more...

Posted in Business |

Australian home loans up


August 8th, 2012 - 3:34 pm ICT by IANS
Sydney, Aug 8 (IANS) The number of home loans approved in Australia rose 1.3 percent to 46,859 in June 2012, compared to the previous month, data released Wednesday by the ... Read more...

Posted in Business |

US new home sales down


July 26th, 2012 - 1:21 pm ICT by IANS
Washington, July 26 (IANS) Sales of new single-family houses in the US declined sharply in June, following a strong gain in May, figures from the US commerce department showed. Sales ... Read more...

Posted in Business |

Australia’s unemployment rate rises


July 12th, 2012 - 1:23 pm ICT by IANS
Sydney, July 12 (IANS) Australia's unemployment rate rose to 5.2 percent in June, due to the loss of 27,000 jobs, data released Thursday by the Australian Bureau of Statistics (ABS) ... Read more...

Posted in Business |

Global FDI rises 16 percent: UN report


July 6th, 2012 - 8:12 am ICT by IANS
Vienna, July 6 (IANS) Despite the ongoing eurozone crisis, global foreign direct investment (FDI) increased by 16 percent to $1.536 trillion in 2011, a UN report said.According to "World Investment ... Read more...

Posted in Business |

Australian retail trade up


July 4th, 2012 - 2:18 pm ICT by IANS
Sydney, July 4 (IANS) Australian retail turnover rose 0.5 percent in May, following a rise of 0.1 percent in April, according to figures released Wednesday by the Australian Bureau of ... Read more...

Posted in Business |

US stocks up in holiday-shortened session


July 4th, 2012 - 2:12 am ICT by IANS
New York, July 4 (IANS) US stocks traded higher in a holiday-shortened session Tuesday, as the latest weak data added to speculations that the central bank may take more steps ... Read more...

Posted in Business |

Italy’s Euro final loss blow to economic prospects


July 3rd, 2012 - 6:46 pm ICT by IANS
Rome, July 3 (IANS) Italy's economic prospects took a blow over the weekend, without the release of a single key economic indicator or any significant economic news. It was because ... Read more...

Posted in Sports |

US retail sales down 0.2 percent


June 13th, 2012 - 10:58 pm ICT by IANS
Washington, June 13 (IANS) US retail and food services sales decreased 0.2 percent in May, the Commerce Department said Wednesday.The department said the combined retail and food services sales in ... Read more...

Posted in Business |

China’s exports up 15 percent


June 11th, 2012 - 6:09 pm ICT by IANS
Beijing, June 11 (IANS) China's exports rose by over 15 percent in May, from the previous year, as shipments to the US increased significantly and trade with the European Union ... Read more...

Posted in Business |

Australia’s GDP grows


June 6th, 2012 - 3:30 pm ICT by IANS
Sydney, June 6 (IANS) Australia's gross domestic product (GDP) grew 1.3 percent in the three months to March, figures released by the Australian Bureau of Statistics (ABS) showed Wednesday.The March ... Read more...

Posted in Uncategorized |

US stocks plunge after weak jobs report


June 2nd, 2012 - 3:16 am ICT by IANS
New York, June 2 (IANS) US stocks plunged Friday after a highly-anticipated report showed the recovery in the jobs market was sharply slowing down.According to the Labor Department, the US ... Read more...

Posted in Business |

US economic growth down to 1.9 percent


May 31st, 2012 - 8:22 pm ICT by IANS
Washington, May 31 (IANS) US economic growth slowed to an annualised rate of 1.9 percent in the first quarter of the year, down from an initial estimate of 2.2 percent.The ... Read more...

Posted in Business |

Australia’s retail turnover falls


May 30th, 2012 - 4:13 pm ICT by IANS
Sydney, May 30 (IANS) Australian retail turnover fell 0.2 percent in April following a rise of 1.1 percent in March, figures released Wednesday by the Australian Bureau of Statistics (ABS) ... Read more...

Posted in Business |

Australia’s trade deficit widens


May 8th, 2012 - 4:11 pm ICT by IANS
Sydney, May 8 (IANS) Australia's trade deficit widened in March, data released Tuesday by the Australian Bureau of Statistics (ABS) showed.The balance on goods and services was a deficit of ... Read more...

Posted in Business |

BJP concerned about India’s falling forex reserves


May 7th, 2012 - 9:50 pm ICT by IANS
New Delhi, May 7 (IANS) The main opposition Bharatiya Janata Party Monday voiced concern over India's depleting foreign currency reserves, which have declined by $12.8 billion in recent years."Our ... Read more...

Posted in Business |

US consumer spending up 0.3 percent


April 30th, 2012 - 10:27 pm ICT by IANS
Washington, April 30 (IANS) The US personal consumption expenditures (PCE) rose by 0.3 percent in March, the US Commerce Department said Monday.The US savings rate, personal saving as a percentage ... Read more...

Posted in Business |

US economy slowed in first quarter


April 28th, 2012 - 12:08 pm ICT by IANS
Washington, April 28 (IANS/EFE) The US economy grew 2.2 percent in the first three months of this year after expanding 3 percent in the fourth quarter of 2011, the US ... Read more...

Posted in Business |

US mortgage applications down despite record low rates


April 26th, 2012 - 1:43 pm ICT by IANS
Washington, April 26 (IANS) US mortgage applications decreased last week despite an all-time low in mortgage rates, according to the latest Weekly Mortgage Applications Survey released Wednesday by the US ... Read more...

Posted in Business |

Australia’s producer price index down


April 23rd, 2012 - 2:14 pm ICT by IANS
Sydney, April 23 (IANS) Australia's producer price index (PPI) at the final stage of production fell 0.3 percent in the March quarter, following a 0.3 percent rise in the December ... Read more...

Posted in Business |

Men dump chivalry to flee sinking ships


April 15th, 2012 - 4:06 pm ICT by IANS
London, April 15 (IANS) Titanic, it seems, was an exception. Men dump chivalry that places women and children first and flee sinking ships to try to save themselves, says a ... Read more...

Posted in World |

Canada adds over 80,000 new jobs


April 6th, 2012 - 2:11 pm ICT by IANS
Ottawa, April 6 (IANS) Canada added 82,300 new jobs in March, bringing the country's unemployment rate down 0.2 percentage points to 7.2 percent, Statistics Canada announced.It was Canada's best single ... Read more...

Posted in Business |

Australia’s trade deficit narrows


April 4th, 2012 - 3:55 pm ICT by IANS
Sydney, April 4 (IANS) Australia's trade deficit narrowed in February, following a large deficit reading in January, according to data released Wednesday by the Australian Bureau of Statistics (ABS).The balance ... Read more...

Posted in Business |

Australian retail turnover rises


April 3rd, 2012 - 2:07 pm ICT by IANS
Sydney, April 3 (IANS) Australia's retail turnover rose 0.2 percent in February, following a rise of 0.3 percent in January, according to data released by the Australian Bureau of Statistics ... Read more...

Posted in Business |

Happy teens may earn more as adults


March 25th, 2012 - 10:15 pm ICT by IANS
London, March 25 (IANS) A study has found cheerful adolescents are likely to earn more money after attaining adulthood.According to two leading economists, their income is thought to be higher ... Read more...

Posted in Life Style |

US house prices flat


March 23rd, 2012 - 2:13 pm ICT by IANS
Washington, March 23 (IANS) US house prices were unchanged in January from the previous month on a seasonally adjusted basis, the US Federal Housing Finance Agency (FHFA) reported Thursday.House prices ... Read more...

Posted in Business |

US jobless claims at four-year low


March 23rd, 2012 - 12:12 pm ICT by IANS
Washington, March 23 (IANS/EFE) The number of people filing initial applications for unemployment benefits fell last week by 5,000 to 348,000, the fewest since February 2008, the US Labor Department ... Read more...

Posted in Uncategorized |

US stocks end higher on positive jobs report (Lead)


March 10th, 2012 - 7:47 am ICT by IANS
New York, March 10 (IANS) US stocks ended higher Friday as investors embraced a positive non-farm payroll report.The Dow Jones industrial average gained 14.08 points, or 0.11 percent, at 12,922.02. ... Read more...

Posted in Uncategorized |

US stocks rise


March 10th, 2012 - 5:21 am ICT by IANS
New York, March 10 (IANS) US stocks rose Friday as investors embraced positive non-farm payroll reports.The Labor Department reported Friday that the economy added 227,000 jobs in February, more than ... Read more...

Posted in Business |

Australian GDP rises


March 7th, 2012 - 2:19 pm ICT by IANS
Sydney, March 7 (IANS) Australia's gross domestic product (GDP) rose by 0.4 percent in the December quarter of 2011 after a revised increase of 0.8 percent in the September quarter, ... Read more...

Posted in Business |

Canada’s economy grows 2.5 percent in 2011


March 3rd, 2012 - 2:08 pm ICT by IANS
Ottawa, March 3 (IANS) Canada's economy grew 2.5 percent in 2011, down from 3.2 percent in the previous year, but it is much better than the economists' estimates a few ... Read more...

Posted in Business |

US consumer spending, income up in January


March 2nd, 2012 - 1:26 am ICT by IANS
Washington, March 1 (IANS) US family incomes rose for the second consecutive month in January and boosted their spending, a positive sign for economic recovery, the US Commerce Department said ... Read more...

Posted in Business |

US jobless claims at lowest level in four years


February 17th, 2012 - 10:58 am ICT by IANS
Washington, Feb 17 (IANS/EFE) The number of people filing applications for unemployment benefits fell last week by 13,000 to 348,000, their lowest level since March 2008, the US Labor Department ... Read more...

Posted in Business |

Australia’s unemployment rate down


February 16th, 2012 - 2:31 pm ICT by IANS
Sydney, Feb 16 (IANS) Australia's unemployment rate fell 0.1 percentage point to 5.1 percent in January, lowest since July 2011, data from Australian Bureau of Statistics (ABS) showed Thursday. The ... Read more...

Posted in Uncategorized |

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