Productivity growth in the eurozone has risen sharply in the last few years. Will this give a permanent boost to the economy? The healthy rise in output per worker in the eurozone has mirrored gross domestic product growth. This is normal - hours wor
NEW YORK (AP) -- U.S. Treasury Secretary Henry Paulson said Friday the continued rise in oil prices was "not a positive" for the economy, but downplayed its impact, noting both employment and the economy were still growing. "The employment situation
FRANKFURT, Germany (AP) -- Consumer confidence in Germany fell for the third consecutive month, dented by fears of inflation in Europe's biggest economy and the rising euro, according to a survey released Friday. The GfK research group said its forwa
SYDNEY, Australia (AP) -- Economic reforms in China, including a possible floating of the country's currency, could create turmoil in global financial markets in coming years, Australia's treasurer said Friday. Treasurer Peter Costello said he expect
Budget Policy: An oft-heard criticism leveled at President Bush is that he's a "record spender." And because it's repeated by those at both ends of the political spectrum, it sounds right. But that doesn't mean it is right. Bush is "arguably an even
With no breaks on the price of oil, plus energy companies' insatiable appetite for exploration, times seldom have been better for service companies that find drillers' bread and butter. Couple current favorable conditions with efficient management an
NEW YORK (AP) -- The dollar fell against a basket of six other major currencies Thursday following a report that showed orders for manufactured goods in the United States fell unexpectedly in September. Investors sold dollars in a climate of market n
TEHRAN, Iran (AP) -- Despite the government's insistence that U.S. and U.N. sanctions aren't causing any pain, some leading Iranians have begun to say publicly that the pressure does hurt. And on Tehran's streets, people are increasingly worried over
MIAMI (AP) -- The global economy should continue to expand at a healthy pace during the next five years despite the U.S. housing crisis, according to a senior economist at the World Bank. Unlike previous economic booms that were driven by the United
Economic news will get plenty of attention Thursday, considering that a FOMC meeting is set for next week. Todays data has definitely not changed the view that the Fed will cut rates next week. Not only did jobless claims remain high this past week,
WASHINGTON (AP) -- A report released Thursday by congressional Democrats predicts the housing market's meltdown will cost the U.S. economy more than $100 billion by the end of 2009. The Joint Economic Committee's analysis forecasts that this drop in
SAO PAULO, Brazil (AP) -- Brazil's jobless rate fell in September as the economy charged forward, the government reported Thursday, but the nation's central bank warned inflationary pressures could be rising. Unemployment fell last month to 9 percent
WELLINGTON, New Zealand (AP) -- New Zealand's central bank held its official cash rate steady at 8.25 percent Thursday, saying while core inflationary pressures persist there are signs the housing market is cooling. Reserve Bank governor Alan Bollard
FRANKFURT, Germany (AP) -- German business confidence has slipped for the sixth straight month amid concern that the rising euro could hurt exports, a closely watched survey showed Thursday -- adding to signs that an upswing in Europe's biggest econo
Economy: A lot of troubling news has cast doubt on the longevity of this expansion. The Fed seems to recognize this. So why not cut another 25 basis points when policy makers meet on Halloween? A rocky stock market sure hasn't helped. Neither has a d
·Treasury's Paulson wants fas
·Euro Drifts Lower Against US
·Dollar Edges Higher Against
·Greenspan Doubts US Will Fac
·Home builders forecast: Not
·Study: D.C. Poverty Up Despi
·Chinese Economy Surges 11.5
·Economic Watchdog, Oct. 24
·Another Quarter-Point Cut Is
·German Business Confidence D
·NZ Interest Rate Steady at 8
·Brazil Unemployment Falls in
·Euro Drifts Lower Against US
·Dollar Edges Higher Against
·Greenspan Doubts US Will Fac
·Home builders forecast: Not
·Study: D.C. Poverty Up Despi
·Chinese Economy Surges 11.5
·Economic Watchdog, Oct. 24
·Another Quarter-Point Cut Is
·German Business Confidence D
·NZ Interest Rate Steady at 8
·Brazil Unemployment Falls in
Economy
