AKOSOMBO, Ghana (Reuters) - U.S. Treasury Secretary Henry Paulson on Monday repeated that U.S. economic strength should eventually show through in currency markets, implying that would help bolster the dollar's value. At a news conference after tour
Bond prices were mixed Monday morning ahead of the handful of economic reports due this holiday week. The benchmark 10-year Treasury note rose 2/32, or 63 cents on a $1,000 note, to yield 4.16 percent, unmoved from the previous session. The 30-year c
Economic reports were on the light side Friday, but this doesnt mean the economy hasnt been a focus. The October industrial production report was released this morning and traders are also keeping an eye on energy prices. Another focus today has bee
As Americans take time this week to count their blessings and think of others less fortunate, they can take comfort in knowing that those who put themselves in the latter category are far fewer than they probably realize. Contrary to politicians and
SINGAPORE (Reuters) - Minneapolis Federal Reserve Bank President Gary Stern said on Monday he expected the U.S. housing market to weaken further because of a large pool of unsold homes. But employment and incomes were still rising, Stern said, and t
WASHINGTON (AP) -- The painful collapse of the housing market along with the credit crunch will weigh down economic growth in the final three months of this year and cause economic activity to lag in 2008. It all means that the risk of a recession ha
WASHINGTON (Reuters) - Japan's prime minister said on Sunday that he does not see the deepening U.S. housing slump and credit crisis triggering a global recession. Prime Minister Yasuo Fukuda said in an interview on CNN's "Late Edition with Wolf Bli
KLEINMOND, South Africa (Reuters) - Financial market turmoil may last some time, but U.S. Treasury Secretary Henry Paulson told G20 members on Sunday he was confident that the U.S. economy will keep growing. "I explained that we are going through a
CAPE TOWN, South Africa (AP) -- President Yoweri Museveni said that industrialized countries were wrong toplace a higher value on Africa's rich raw materials than on its 900 millionpeople, who should no longer be considered aid recipients but potenti
WASHINGTON (AP) -- Industrial production plunged in October by the largest amount in nine months, reflecting a big drop in utility output and continued troubles in autos and housing-related industries. The Federal Reserve said output at the nation's
SAN DIEGO (AP) -- California employers cut payrolls by 15,800 jobs in October, marking a contrast to gains nationwide, the state reported Friday. The information sector, which includes jobs in Hollywood, telecommunications and Internet companies and
OMAHA, Neb. (AP) -- A survey of rural bankers in nine Midwestern and Plains states suggests the region will see slow economic growth in the coming months. The overall economic index for the region increased to 54.1 in November from October's 52.1. Th
NEW YORK (Reuters) - Two top Federal Reserve officials on Friday suggested the U.S. economy is unlikely to need lower borrowing costs even as it navigates a possibly rocky stretch in the economy. "The current stance of monetary policy should help th
NEW YORK (AP) -- Federal Reserve Gov. Randall Kroszner said Friday the U.S. economy will likely go through a "rough patch" before returning to sustainable growth. After delivering a speech at the Washington-based Institute of International Finance, K
NEW YORK (Reuters) - The Federal Reserve's current policy stance should be just right to help the U.S. economy weather a rough patch in the months ahead without triggering inflation, Fed Governor Randall Kroszner said on Friday. "The current stance
·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
