Worldwide Business News

Singapore set for bigger bite of info economy
The Age, Australia - Jun 25, 2006 He says Singapore, owner of Optus, challenger of Qantas, and clearly a competitor for Australia in the still-rising global information economy, aims to treble

Indicators index tumbles, shows slowing economy
Chicago Tribune, United States - Jun 23, 2006 An index of leading economic indicators fell in May by the most in nine months, signaling the robust pace of growth earlier this year will give way to a slower

JSE down on economy worries
iAfrica.com, South Africa - Jun 23, 2006 The JSE was in negative territory in noon trade on Friday, as concerns about the economy saw the sell off in banks and local-economy-centred industrials seen

US Economy: Durable Goods Orders Ease Concern About Slowdown
Bloomberg - Jun 23, 2006 June 23 (Bloomberg) — Orders for US-made durable goods excluding transportation equipment rose 0.7 percent in May, easing concern that the economy is cooling

Business Coalition Says Dozens Of Pending Bills Hurt CA Economy
KCBS, CA - 18 hours ago SACRAMENTO, Calif. (KCBS) — A coalition of business groups says many bills being considered in Sacramento this summer are bad for California’s economy.

Economy looks the best in 50 years
Globe and Mail, Canada - Jun 22, 2006 Cl ment Gignac, chief economist at National Bank Financial, sees the economy growing at 3 per cent this year and 2.7 per cent next.

Economy at 50-year high
National Post, Canada - Jun 23, 2006 yesterday. But the reports also warned that Alberta’s economy is so hot that it is starting to fuel inflation across the country.

For Good or Ill, Boom in Ethanol Reshapes Economy of Heartland
The Ledger, FL - Jun 25, 2006 By ALEXEI BARRIONUEVO. This article was reported by Alexei Barrionuevo, Simon Romero and Michael Janofsky and written by Mr. Barrionuevo.

Manufacturers send warning about economy
New Zealand Herald, New Zealand - 13 hours ago The Canterbury Manufacturers Association says the latest economic figures should be seen as a clear warning, despite the fact the economy has staved off

Economy briefs
Sofia Echo, Bulgaria - 8 hours ago After Bulgaria joins the European Union, scheduled for January 1 2007, all projects financed by European funds will be awarded by public procurement procedures

Economy stars in Mexico?s vote
St. Petersburg Times, FL - 12 hours ago But since then economic progress has been sluggish. The economy has grown by barely 2 percent annually, delivering fewer new jobs than the PAN promised.

NZ economy grows in Q1, slowdown continues
Reuters - Jun 22, 2006 However, analysts said the slowdown in the economy, which had outperformed other developed countries for years, was continuing, with annual growth slipping to

Indian Economy To Grow 5.6 Percent Until 2020
All Headline News - 7 hours ago New Delhi, India (AHN) - According to a new survey by the Economic Intelligence Unit (EIU), the Indian economy will likely grow at the rate of 5.6 percent

Governor celebrates economy
Portales News-Tribune, NM - Jun 24, 2006 The economy of eastern New Mexico is on the mend was the message of Gov. Both developments will strengthen the region s economy, Richardson said.

Zakaria: How Long Will America Lead the World?
MSNBC - June 12, 2006 issue - Queen Victoria’s Diamond Jubilee, held in London on June 22, 1897, was one of the grandest fetes the world has ever seen: 46,000 troops and 11 colonial prime ministers arrived from the four corners of the earth to pay homage to

Administration upbeat about economy
MSNBC - WASHINGTON - The White House, in a slightly more optimistic forecast, predicted Thursday the economy will log solid growth and that the nation s unemployment rate will dip lower this year. The Bush administration forecast that the gross domestic

Singapore’s Economy May Grow 6.7 Percent
MSN MoneyCentral - SINGAPORE (AP) - Singapore’s economy could grow 6.7 percent this year, higher than previously predicted, according to a quarterly central bank survey of economists. The figures, released Wednesday, are based on the median forecast of 20 economists

Fed’s Kohn sees inflation data as “warning flag”
WIS-TV - WASHINGTON (Reuters) - Federal Reserve Board Governor Donald Kohn, the nominee to be No. 2 at the U.S. central bank, said elevated inflation readings had raised a “warning flag” that demanded the attention of policy-makers. “I have found the recent

FFA convention gives boost to area economy
Hattiesburg American - The Mississippi Future Farmers of America Association’s annual convention in Hattiesburg this week is expected to bring approximately $235,000 into the local economy. The three-day event at the Lake Terrace Convention Center was attended by more than

Toll Sees Rebound of Housing Market
MSN MoneyCentral - PHILADELPHIA (AP) - A strong economy will spark a housing market rebound after excess inventory from speculators is shaken out, perhaps very soon, the chief executive of the nation’s largest luxury home builder said Thursday. At a meeting with

Greenspan: Economy absorbed high oil costs
Winston-Salem Journal - The former chairman of the Federal Reserve, Alan Greenspan, said yesterday that higher oil prices have had “little consequence” for the U.S. economy and probably haven’t caused “serious erosion” worldwide. Recent data, though, may indicate “some

High energy costs threaten economy
Detroit Free Press - WASHINGTON — Rising energy prices are pushing up inflation and increasingly threaten the U.S. economy, former Federal Reserve Chairman Alan Greenspan testified Wednesday. He called for developing alternative energy sources like ethanol and liquefied

Bush lifts forecasts for growth and inflation
ABC News - Jun 8, 2006 WASHINGTON (Reuters) - The White House boosted its estimate of U.S. economic growth in 2006 but offered a more pessimistic view of inflation in new forecasts released on Thursday. The Bush administration lifted its forecast for gross

The Economy
Evansville Courier-Press - The White House push to win President Bush credit for the performance of the U.S. economy is off to a shaky start. The White House was still basking in the glow of the president’s choice of Wall Street whiz Henry Paulson to be treasury secretary when

Dim view of economy spreads
Times Union - COLONIE — New Yorkers are still down on the economy. Only now, the usually more optimistic parts of the country are starting to see things our way. Consumer confidence climbed 3 points in May across New York state, to 76.8 points, according to the

State economy growing faster than average
Coloradoan - Colorado’s economy is growing faster than the national average, according to a study by the U.S. Bureau of Economic Analysis. Colorado’s gross state product, or GSP, increased 4.2 percent in 2005, up from 3.9 percent in 2004 and 1.4 percent in 2003

U.S. weekly jobless claims fall by largest amount in eight months
680 News - WASHINGTON (AP) - The number of laid off U.S. workers filing claims for unemployment plunged last week by the largest amount in eight months, but it might have been a statistical fluke. The Labour Department reported Thursday that 302,000 people

White House Upbeat About Economic Growth
ABC News - WASHINGTON Jun 8, 2006 (AP) The White House, in a slightly more optimistic forecast, predicted Thursday the economy will log solid growth and that the nation’s unemployment rate will dip lower this year. The Bush administration forecast that the

ECONOMY: Execs tout business climate
Grand Forks Herald - WASHINGTON - Despite rising prices for energy and other materials, America’s chief executives feel pretty good about the business climate and are bullish about their sales prospects, according to a survey released Wednesday. The Business Roundtable’s

Bernanke: US inflation rising to ‘unwelcome’ levels 
AFP via Yahoo! News - Jun 05 11:50 AM
Federal Reserve chairman Ben Bernanke said that the US economy is clearly flagging but that inflation has risen to “unwelcome” levels that will require vigilance from the central bank.Save to My Web

Tokyo stocks slip on US economy fears 
FT.com via Yahoo! News - Jun 05 12:50 AM
Japan stocks fell on Monday, hit by fears over the US economy. The Nikkei 225 was down 0.8 per cent to 15,668.31. The Topix fell 0.7 per cent to 1,594.92.Save to My Web

Wage growth poses no risk to Czech economy — analysts 
Prague Daily Monitor - Jun 05 10:58 PM
Prague, June 5 (CTK) - Wage growth in the first quarter is in line with economic development and poses no risk to the Czech economy, analysts polled by CTK have said.Save to My Web

IMF Official Warns Latvia on Economy 
AP via Yahoo! Finance - 50 minutes ago
An International Monetary Fund official monitoring Latvia’s economy said Tuesday the government should take steps to slow its growth to stop it from overheating.Save to My Web

New Bolero variants offer greater power, fuel economy 
New Kerala - 2 hours, 17 minutes ago
Mumbai: Mahindra & Mahindra’s newly launched Bolero SLX comes equipped with sophisticated features such as keyless entry, a four-speaker music system, extra smooth suspension and a door open warning.Save to My Web

Study: Economy Grows Slower 
The Ledger - Jun 06 3:15 AM
The service sector of the U.S. economy expanded in May, but at a slower pace than in April, a private survey of supply managers said Monday. The report offered a possible indication that fuel prices are starting to crimp growth in the service sector, which accounts for two-thirds of the U.S. economy. The survey by the Institute for Supply…Save to My Web

Service portion of economy slowed in May, survey says 
Minneapolis-St. Paul Star Tribune - Jun 05 7:41 AM
NEW YORK The service sector of the U.S. economy expanded in May, but at a slower pace than in April, a private survey of supply managers said on Monday. The report is a possible indication that fuel prices are starting to crimp growth in the service sector, which accounts for two-thirds of the U.S. economy. The survey by the Institute for Supply Management indicated concern about the prices of Save to My Web

Fed’s Poole: slowing economy won’t reduce inflation 
Reuters via Yahoo! News - 1 hour, 13 minutes ago
If inflation expectations are rising, a slowing economy may not reduce inflation pressures, said St. Louis Federal Reserve President William Poole, quoted in the Wall Street Journal.Save to My Web

European Service Industries Grow Most in Six Years (Update2) 
Bloomberg.com - Jun 06 3:14 AM
June 6 (Bloomberg) — European service industries grew at the fastest pace in almost six years in May, indicating a strengthening economy as the region’s central bank prepares to raise interest rates.Save to My Web

U.S. service economy grows at slower pace in May 
Provo Daily Herald - Jun 06 12:23 AM
NEW YORK — The service sector of the U.S. economy expanded in May, but at a slower pace than in April, a private survey of supply managers said on Monday. The report offered a possible indication that fuel prices are starting to crimp growth in the service sector, which accounts for two-thirds of the U.S..Save to My Web

Croatia’s tourism industry takes on grey economy 
Reuters.co.uk - Jun 05 3:19 AM
DUBROVNIK, Croatia (Reuters) - Dazzling cruise ships are anchored in the azure waters off the stone-walled port and tourists throng the narrow marbled alleys of this medieval city.Save to My Web

US service sector weakens in May: ISM 
AFP via Yahoo! News - 1 hour, 56 minutes ago
The US economy’s all-important services sector weakened in May, the Institute for Supply Management said.Save to My Web

Up north, the worry on border is economic 
USATODAY.com via Yahoo! News - Jun 05 4:40 AM
Some people along the U.S.-Canadian border believe security is already too tight and that a law requiring U.S. citizens to show passports or new ID cards containing computer chips - instead of driver’s licenses - to cross the border is another threat to the local economy.Save to My Web

Stocks fall on economic, oil price worries 
Reuters via Yahoo! News - 7 minutes ago
U.S. stocks fell on Monday as higher oil prices and concerns about a slowing economy pulled down shares of large manufacturers and home builders, companies especially vulnerable to swings in the business cycle.Save to My Web

Dell Job Additions To Boost Economy 
WKRN Nashville - 2 hours, 9 minutes ago
The number one computer maker is expanding its operations in Middle Tennessee, opening doors for many new jobs. On Friday, Dell announced it will add up to 1,000 jobs in Tennessee as it expands customer service operations. The addition of jobs will mean a big boost to Nashvilles economy. On Monday, Richard Lawson of … Save to My Web

Non-Manufacturing Sector Slows In May 
Industry Week - 1 hour, 49 minutes ago
June 5, 2006 — As in the manufacturing sector, the growth rate of the non-manufacturing sector of the U.S. economy slowed in May, according to data released June 5 by the Institute for Supply Management (ISM), Tempe, Ariz. Its business activity index for non-manufacturing, which includes mining, construction, business services, and finance and banking, slipped to 60.1% last month from 63% in Save to My Web

Economy May Be Heading for Less Sunny Days 
ABC News - Jun 04 10:04 AM
Economy May Be Heading for Less Sunny Days After Growing at Strong Pace at Beginning of YearSave to My Web

Service portion of economy slowed in May, survey says 
Minneapolis-St. Paul Star Tribune - 2 hours, 9 minutes ago
NEW YORK The service sector of the U.S. economy expanded in May, but at a slower pace than in April, a private survey of supply managers said on Monday. The report is a possible indication that fuel prices are starting to crimp growth in the service sector, which accounts for two-thirds of the U.S. economy. The survey by the Institute for Supply Management indicated concern about the prices of Save to My Web

World Bank not yet ready to play a role in North Korea’s economy: Wolfowitz 
Canadian Business - Jun 03 10:43 AM
SEOUL, South Korea (AP) - The World Bank could potentially play a role in North Korea’s economy though is not yet ready to do so, Paul Wolfowitz, the institution’s president, said this week.Save to My Web

Festival ‘worth 18m to economy’ 
BBC News - Jun 04 5:31 PM
Organisers say public agencies should become involved so T in the Park can reach its full potential.Save to My Web

Why equity returns will be low despite strong economy 
Business Report - Jun 01 9:35 PM
Pundits justify the run in the stock market by referring to the strong economy. Actually, economic growth has little to do with equity returns at any particular time.Save to My Web

A Look at the Iranian Economy 
AP via Yahoo! Finance - May 31 12:28 PM
A snapshot of Iran’s economy: —— OIL AND GAS: Iran is estimated to have between 7 percent to 9 percent of the world’s known oil reserves and about 15 percent of natural gas reserves.Save to My Web

Economy shows signs of slowdown 
The Santa Rosa Press Democrat - 1 hour, 33 minutes ago
WASHINGTON - The U.S. economy appears to be shifting into a lower gear with residential construction falling sharply and manufacturing activity slowing.Save to My Web

SKorea’s Economy Grows Revised 1.2 Percent 
KiplingerForecasts.com - 1 hour, 3 minutes ago
South Korea’s economy expanded 1.2 percent in the first quarter, slightly lower than initially estimated, the central bank said Friday. In late April, the Bank of Korea said the economy grew 1.3 percent in the three months ended March 31 from the previous quarter.Save to My Web

Mounting consumer worries about economy trouble analysts 
The Santa Rosa Press Democrat - Jun 01 4:16 AM
NEW YORK - Consumers seem to be growing more uneasy about the economy by the day - they’re fretting about gas prices, inflation, the housing market, rising interest rates and their jobs. The question is, how anxious do they have to be before they curtail their spending at stores and malls?Save to My Web

Economy ‘led by business investment’ 
Sydney Morning Herald - May 31 10:14 PM
The Australian economy is increasingly being led by business investment, Treasurer Peter Costello has said. Mr Costello said the latest capital expenditure figures showed a 0.6 per cent in business investment in the March quarter. Over the full year, capital expenditure is up 29 per cent.Save to My Web

Economy holds good news - for the rich 
USATODAY.com via Yahoo! News - 2 hours, 48 minutes ago
The American economy grew by 5.3% in the first quarter of 2006, and the unemployment rate, at 4.7% in April, is the lowest it has been in years, prompting Secretary of Commerce Carlos Gutierrez to say that this year, “the American economy hit the ground running.”Save to My Web

Brazil Economy Grew 3.4% in 1st Qtr From Year Earlier (Correct) 
Bloomberg.com - May 31 6:17 AM
(Corrects to add missing words in second paragraph.) May 31 (Bloomberg) — Brazil’s economy, Latin America’s biggest, grew at the fastest pace in three quarters in the January-March period as declining interest rates boosted demand for cars, furniture and clothes.Save to My Web

Speaker Hastert Hails Strong Economy 
[Press Release] U.S. Newswire via Yahoo! News - 34 minutes ago
House Speaker Dennis Hastert (R-Ill.) released the following statement in response to the report by the U.S. Department of Labor report on Friday showing that the U.S economy continued to strengthen with the unemployment rate falling to 4.6 percent, lower than the averages of the 1970s, 1980s and 1990sSave to My Web

Signs of Slowing Economy 
Los Angeles Times - Jun 02 12:03 AM
Spending on home construction falls, and a manufacturing index hits its lowest level in nine months. Data on inflation are mixed.Save to My Web

Economy roars ahead in first quarter 
Reuters via Yahoo! News - May 31 1:08 PM
Canada’s economy powered ahead in the first quarter by a stronger-than-expected rate of 3.8 percent on an annualized basis as consumers cranked up spending, increasing the chances of another interest rate hike by the Bank of Canada.Save to My Web

New reports indicate economy slowing 
The Philadelphia Inquirer - Jun 02 12:40 AM
The U.S. economy appears to be shifting into a lower gear, with residential construction falling sharply and manufacturing activity slowing, according to reports released yesterday.Save to My Web

Economy signals possible cooling to lower gear 
The Pueblo Chieftain - 3 minutes ago
WASHINGTON - The U.S. economy may be shifting into a lower gear with residential construction easing and manufacturing activity slowing. The big question: Will the slowdown come in time to keep inflation from heating up? Investors received mixed signals on inflation in a raft of new economic data on Thursday, with a key gauge of wage inflation posting an improved reading while a barometer of Save to My Web

U.S. Treasuries Rise on Weaker-Than-Expected Employment Report 
Bloomberg.com - 50 minutes ago
June 2 (Bloomberg) — U.S. Treasury notes rose after a government report showing the economy created fewer jobs than expected last month bolstered the view higher interest rates and energy prices will slow growth in the second half of the year.Save to My Web

The Economy | Inflation gauges: Less than perfect 
The Philadelphia Inquirer - Jun 02 12:42 AM
Wall Street is nervous because investors don’t know what the Federal Reserve will do about interest rates. The Federal Reserve is unsure about interest rates because it’s not sure what’s happening with inflation.Save to My Web