/overview/Economy/index.shtml Overview / Economy zh-cn <a href='http://www.dedecms.com' target='_blank'>Power by DedeCms</a> kkcba@163.com /overview/Economy/2007092925268.shtml CHICAGO (Reuters) - Federal Reserve officials on Friday said they were keeping an open mind on whether U.S. interest rates need to be lowered further, a decision they said would be driven by data not yet in hand. "It would be a mistake to bake in th 2007-09-29 Economy 秩名 en.yinlu.net /overview/Economy/2007092925209.shtml Economic datais stillthe focusonFriday and the results are mostly in line with expectations. Data on consumer sentiment, personal income and outlays, construction spending and the Chicago PMI were all released this morning. Traders are digesting eco 2007-09-29 Economy 秩名 en.yinlu.net /overview/Economy/2007092824354.shtml BOSTON (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen said on Friday that well-anchored inflation expectations create a buffer against supply shocks. "Well-anchored inflation expectations, as we have had in the United States s 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092824353.shtml Consumer spending stayed strong in August, despite the problems in mortgage and real estate markets that some feared would put a brake on Americans' willingness to open their wallets, according to a government report issued Friday. Spending by consum 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092824352.shtml The debt market meltdown this summer curtailed available credit, fueling widespread anticipation that commercial real estate prices would start to moderate or even fall after years of robust appreciation. Now worries about lagging consumer sentiment, 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092824351.shtml Investors bid up stocks Thursday despite gloomy economic reports. GDP grew at a 3.8% annual rate in the second quarter, less than the previously reported 4% increase, the Commerce Department reported. The government also said sales of new homes plung 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092824350.shtml Fear-stricken credit markets have started moving again since the Federal Reserve swooped in with its massive interest rate cut. A single big deal showed that the healing may have started, but debt markets still could need a long time to recuperate. T 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092824065.shtml WASHINGTON (AP) -- Consumers shrugged off a rash of bad news to spend more than expected in August while a key measure of inflation eased to the slowest pace in 3 1/2 years. Construction activity also rose above expectations. The Commerce Department 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092824064.shtml MURFREESBORO, Tennessee (Reuters) - Atlanta Federal Reserve Bank President Dennis Lockhart said on Friday that market turmoil could hit the U.S. economy and a moderation in inflation gave the Fed room to cut interest rates last week. "Going in to th 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092824063.shtml Former Federal Reserve Chairman Alan Greenspan said in an interview that there was less than a 50-50 chance that the U.S. economy would slip into a recession. "The danger of a recession has obviously risen, but in my judgment, and I suspect looking a 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092823700.shtml LONDON (Reuters) - The probability of a recession in the United States has increased but is still less than 50/50, former Federal Reserve Chairman Alan Greenspan said in comments broadcast on Friday. Greenspan said he expects consumer spending to sl 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822931.shtml The economy has been the story Thursday, although the news has not been consistent. The GDP report and jobless claims data were bullish in nature, but the new home sales release more than offset this good news. At the same time, oil prices are highe 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822930.shtml JACKSON, Miss. (AP) -- Mississippi can expect slow economic growth through December 2008, state economist Phil Pepper said Thursday. The modest growth and millions of dollars in agency budget deficits likely will force lawmakers to recommend a conser 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822929.shtml If you've a hankering for higher government spending and higher taxes--and I know plenty of people who do--you most likely got a bellyful at last night's Democratic debate in Hanover, N.H. Here are a few takeaways: 1) Democrats do realize that Americ 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822928.shtml HARARE, Zimbabwe (AP) -- Whites in Zimbabwe found themselves a step closer Thursday to losing control of their businesses to blacks under new government legislation. The ruling ZANU-PF party in the Parliament in Harare approved the Indigenization and 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822927.shtml BERLIN (AP) -- Germany's unemployment rate fell to its lowest level in nearly 15 years in September, dropping to 8.4 percent as the labor market benefits from the ongoing upturn in Europe's biggest economy. The unadjusted jobless rate was down from 8 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822926.shtml WASHINGTON (AP) -- Government data to be released Thursday is expected to show the economy grew at a slightly slower pace in the second quarter than previously estimated. Wall Street economists surveyed by Thomson/IFR expect the Commerce Department t 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822925.shtml SOWETO, South Africa (AP) -- The construction cranes towering and the cacophony of concrete churning and trucks and cherry pickers rumbling are the sights and sounds of a business boom in South Africa's most famous township. Black South Africans are 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822924.shtml NEW YORK (AP) -- The dollar recovered slightly against major currencies Wednesday despite more lackluster economic data, but not before hitting another record low against the euro. The Commerce Department reported Wednesday that durable goods orders 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822923.shtml NEW YORK (AP) -- Wheat prices peaked Wednesday in advance of a government report expected to show robust export sales, with foreign demand for U.S. wheat intensifying as world stockpiles dwindle. In other commodities markets, oil rebounded from early 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822922.shtml OSLO, Norway (AP) -- Norway's central bank hiked the nation's key interest by one quarter of a percentage point to 5 percent, seeking to dampen both stronger than expected economic growth and a sharp strengthening of the krone against other currencie 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092822921.shtml NEW YORK (AP) -- The dollar resumed its fall against the euro Tuesday, the fourth consecutive day of record lows, after a pair of economic reports pointed to the possibility of further interest-rate cuts by the Federal Reserve. The euro rose to its f 2007-09-28 Economy 秩名 en.yinlu.net /overview/Economy/2007092022316.shtml NEW YORK (AP) -- U.S. stocks pointed toward a lower opening Thursday as Wall Street paused in its rally ahead of testimony from Federal Reserve Chairman Ben Bernanke and the release of unemployment data and more investment bank earnings. Bernanke, al 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007092022096.shtml Housing and inflation data on Wednesday reinforced the Federal Reserve's take on the economy and its decision to cut interest rates sharply the day before. Consumer prices fell in August with core inflation continuing to ease, the Labor Department sa 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007092022095.shtml Prior to the Federal Reserve's rate cut Tuesday, money managers had become more risk averse and their investment horizon had shortened to levels not seen since March 2003, Merrill Lynch's September Global Fund Manager Survey found. "At last, the turm 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007092021958.shtml So far, so defensible. The first economic data to emerge after the Federal Reserve's shock half-point interest rate cut caused no embarrassments. In fact, Wednesday's inflation and housing releases broadly supported the central bank's aggressive posi 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007092021957.shtml Economic data continues to pour in, post-Fed rate cut. On Tuesday, the Fed did the stock market a huge favor by cutting both the Fed funds target rate and the discount rate by 50-basis points. This news followed data on the housing market showing ev 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007092021474.shtml WASHINGTON (Reuters) - Consumer inflation dipped unexpectedly last month thanks to falling gasoline prices while new home construction hit a 12-year low as the housing slump continued to dim the outlook for growth. Ground-breaking on new U.S. homes 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007092021473.shtml NEW YORK (AP) -- Treasurys closed sharply lower Wednesday as Wall Street stretched its interest rate-inspired rally to a second session. The Federal Reserve's decision Tuesday to slash both the federal funds rate and the discount rate by a half perce 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007092021472.shtml NEW YORK (AP) -- Credit card debt will soon get a bit easier to handle -- a very little bit -- now that the Federal Reserve has lowered the benchmark interest rate by a half-percentage-point. It's not going to save the average card holder much money 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007092021471.shtml Did the Fed go too far by lowering the target on its key federal funds rate by a half of a percentage point Tuesday? Investors apparently don't think so. But some observers expressed concerns that the initial euphoria is misguided and say that the cu 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007092021470.shtml NEW YORK (AP) -- Shares of industrial metals producers and commodities climbed Wednesday, continuing a run-up sparked by the Federal Reserve's decision to cut its benchmark federal funds target rate by half a percentage point. The Fed on Tuesday afte 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007092021469.shtml It may sound counterintuitive, but with the R word -- recession -- increasingly being bandied about by economic forecasters, business schools could soon be seeing the highest application volume they've seen since the burst of the dot-com bubble. If t 2007-09-20 Economy 秩名 en.yinlu.net /overview/Economy/2007091921107.shtml Prices paid at the wholesale level fell sharply in August, driven by drops in energy and food prices, according to the government's last inflation reading before a much anticipated meeting of the Federal Reserve. Overall, the Producer Price Index sho 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921100.shtml The Federal Reserve's aggressive half-point cut Tuesday could provide support for a slumping housing market. A quarter-point drop had already been priced into the market for Treasury bills and other instruments tied to mortgage rates, according to Ri 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921099.shtml The Fed Day is finally here! Everything for the past two weeks has focused on this big day. Markets around the world have been waiting and watching for the Feds next move. Most analysts werent surprised that the Fed decided to lower interest for the 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921098.shtml The Federal Reserve cut the target on a key short-term interest rate by half of a percentage point Tuesday to 4.75% in a bold acknowledgement that the central bank is concerned the mortgage meltdown plaguing Wall Street and Main Street could hurt the 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921097.shtml Fed makes statement with 50-basis point cut in both the Fed funds target rate and the discount rate. Though Fed fund futures were providing high 50-50 odds of a 50-basis point cut, most traders and economists expected the Fed to move slowly. However 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921096.shtml The Federal Open Market Committee decided today to lower its target for the federal funds rate 50 basis points to 4.75 percent. Economic growth was moderate during the first half of the year, but the tightening of credit conditions has the potential 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921085.shtml House OKs mortgage relief plan The House bill, passed 384-72, would allow the Federal Housing Administration, which insures mortgages for low- and middle-income borrowers, to back refinanced loans for tens of thousands who are behind on their payment 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921084.shtml Economy: In slashing its funds rate by a full half percentage point, the Fed did more than just give wobbly markets a boost. It also gave the economy a shot in the arm that -- who knows? -- might help us avoid a recession. Given all the economy's bee 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921083.shtml With Tuesday's sweeping rate cut, central bankers sought to offer solid assurances that they won't let looming problems in housing and credit markets threaten the wider economy. Stocks soared after the Federal Reserve slashed its benchmark fed funds 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921082.shtml The financial sector rallied along with the market after the Fed cut the benchmark federal funds rate by 50 basis points to extend advances that started in the morning. An earnings surprise from Lehman Bros. Holdings (NYSE: - ) added to the exuberanc 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921081.shtml Ben Bernanke has played his joker early. In his first big test as Federal Reserve chairman, he plumped for shocking the markets with a half-point cut in both the Fed funds rate and the discount rate. That will certainly draw criticism from some quart 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921077.shtml NEW YORK (AP) -- A big rate cut by the Federal Reserve and the stock market's huge rally in response to that move has many on Wall Street wondering: Now what? The Fed's decision Tuesday to slash its benchmark federal funds rate by a larger-than-expec 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921063.shtml SINGAPORE (AP) -- Oil prices rose Wednesday above the previous session's record close, lifted by expectations the interest rate cut by the U.S. Federal Reserve will accelerate growth and increase demand for already tight crude and gasoline supplies. 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091921049.shtml TOKYO (Reuters) - The Bank of Japan is seen holding off raising interest rates on Wednesday, hours after the U.S. central bank slashed rates by a hefty half-percentage point to try to shield the U.S. economy from a housing slump and market turmoil. 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091920209.shtml WASHINGTON (Reuters) - The U.S. Federal Reserve on Tuesday slashed the benchmark federal funds rate by a half-percentage point in a bold bid to buffer the economy from a housing slump and related financial market turbulence. The decision by the cent 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091920118.shtml Although the prevailing thought among currency traders is that a rate cut by the Federal Reserve spells more weakness for the dollar in the months ahead, such a move is not guaranteed. Right now the central bank is widely expected to cut the federal 2007-09-19 Economy 秩名 en.yinlu.net /overview/Economy/2007091819149.shtml You may have heard that now is the time to buy real estate -- if you can afford to. As contrarians point out, demand is weak, sales are slow, and inventory is high. Homeowners and homebuilders are slashing prices desperately, and savvy investors are 2007-09-18 Economy 秩名 en.yinlu.net /overview/Economy/2007091818832.shtml SINGAPORE (AP) -- Oil prices climbed to a fresh high above US$81 a barrel amid hopes that the U.S. Federal Reserve will cut a key interest rate later Tuesday, a move the market believes would bolster the economy and strengthen petroleum demand in the 2007-09-18 Economy 秩名 en.yinlu.net /overview/Economy/2007091818313.shtml The Federal Reserve is going to cut the target on a key short-term interest rate on September 18. There is no mystery about that. According to futures on the Chicago Board of Trade, the market is pricing in a 100 percent chance of a cut to the federa 2007-09-18 Economy 秩名 en.yinlu.net /overview/Economy/2007091817840.shtml CHICAGO (Reuters) - The top executives of America's largest companies have grown more cautious about the economic outlook, according to a survey released on Monday by the Business Roundtable, but they still expect growth despite the turmoil in the w 2007-09-18 Economy 秩名 en.yinlu.net /overview/Economy/2007091817612.shtml WASHINGTON (AP) -- President Bush was surprised by the criticism leveled against him and his administration by former Federal Reserve Chairman Alan Greenspan in his new book, the White House said Monday. Greenspan accused Bush of not responsibly hand 2007-09-18 Economy 秩名 en.yinlu.net /overview/Economy/2007091717265.shtml WASHINGTON (Reuters) - Risks of a recession have increased, but the Federal Reserve must be cautious in supporting the economy because global forces that have kept inflation in check are receding, former Fed Chairman Alan Greenspan said on Monday. " 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091717264.shtml WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said on Monday the United States appears set to weather the bursting of a housing bubble without falling into recession. "The evidence so far, is not yet. The economy at this stag 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091717263.shtml Alan Greenspan's new book "The Age of Turbulence" sold well upon its Monday morning release, topping best-seller lists on both Amazon.com and Barnes Noble's Web site. The book ranked No. 1 on both sites early Monday morning. On Amazon, "The Age of Tu 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091717262.shtml It would be a strange time for the Federal Reserve to shock the markets. Interbank borrowing remains dislocated. Credit markets have recovered only marginally from last month's shock, leaving consumers and companies paying more to borrow. Meanwhile, 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091717261.shtml U.S. retail sales and industrial output rose less than expected in August, boosting expectations that the Federal Reserve will cut interest rates to prop up the faltering economy. Retail sales rose 0.3% from July, the Commerce Department said. That's 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091716885.shtml MANILA, Philippines (AP) -- Exceptional growth in China and India prompted the Asian Development Bank on Monday to raise its economic growth forecast for developing Asia this year to a collective 8.3 percent from 7.6 percent. The Manila-based lender 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091716884.shtml NEW DELHI (AP) -- India's economy will likely grow 8.5 percent this fiscal year, faster than originally predicted, the Asian Development Bank said Monday, citing strong investment despite higher interest rates. But it cautioned that the country faces 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091716883.shtml WASHINGTON (Reuters) - Clarifying a controversial comment in his new memoir, former Federal Reserve Chairman Alan Greenspan said he told the White House before the Iraq war that removing Saddam Hussein was "essential" to secure world oil supplies, a 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091716882.shtml WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should be cautious about cutting interest rates because of inflation risks, and he forecast home prices will drop further, according t 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091716697.shtml WASHINGTON (Reuters) - Former Federal Reserve Chairman Alan Greenspan said his successors at the U.S. central bank should act cautiously in lowering interest rates because of inflation risks, according to an interview published on Sunday. Greenspan 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091716680.shtml CHICAGO (Reuters) - A long period of stasis in Federal Reserve monetary policy looks certain to end on Tuesday with a U.S. interest-rate cut, leaving the question of how much further rates may drop and how fast. The rate-setting Federal Open Market 2007-09-17 Economy 秩名 en.yinlu.net /overview/Economy/2007091616641.shtml WASHINGTON (AP) -- Consumers kept spending in August and factories kept producing, but the gains were weaker than expected as financial market turbulence and a slumping housing market continued to weigh on the economy. Analysts said the new economic 2007-09-16 Economy 秩名 en.yinlu.net /overview/Economy/2007091516466.shtml Imagine a world in recession, where oil costs $50 per barrel. Which economies would be most affected? There are obvious losers. In Saudi Arabia, the largest oil producer, oil accounts for 90 per cent of exports, which in turn represents almost two-th 2007-09-15 Economy 秩名 en.yinlu.net /overview/Economy/2007091515941.shtml HARARE, Zimbabwe (AP) -- Pets are being slaughtered for meat in shortage-stricken Zimbabwe and record numbers of animals have been surrendered to shelters or abandoned by owners no longer able to feed them, animal welfare activists say. The National 2007-09-15 Economy 秩名 en.yinlu.net /overview/Economy/2007091515853.shtml NEW YORK (AP) -- Long-term Treasury prices turned lower at midday Friday, undermined by rebounding stocks, as the latest retail sales report reinforced the view that the Federal Reserve will need to cut rates to stimulate the economy. For the past mo 2007-09-15 Economy 秩名 en.yinlu.net /overview/Economy/2007091415679.shtml CHICAGO (Reuters) - Treasury Secretary Henry Paulson said on Friday that it will take time to work through the problems contributing to current financial market turmoil but expressed confidence U.S. growth will not be derailed. "I feel very confiden 2007-09-14 Economy 秩名 en.yinlu.net /overview/Economy/2007091415399.shtml Is the U.S. housing blowout going to hurt the rest of the world? Certainly, a major slowdown in the planet's biggest economy would cause some countries pain. But much of the globe will likely shrug off the worst effects of any American slump. "The gl 2007-09-14 Economy 秩名 en.yinlu.net /overview/Economy/2007091415253.shtml With General Petraeus testifying before the jackals in Congress, the SPX has advanced +1.3% so far this week. President Bush also made a TV cameo, and the SPX made a +7.6 point move starting on the 2 PM bar before closing at 1471.49. The President ad 2007-09-14 Economy 秩名 en.yinlu.net /overview/Economy/2007091415252.shtml EARLY TRADE A couple of disappointing corporate updates, some understandable profit taking and higher oil prices all resonated with investors out-the-gate this morning. However, after nearly ninety-minutes, the bulls are mooving the SPYder () and Na 2007-09-14 Economy 秩名 en.yinlu.net /overview/Economy/2007091415251.shtml The economy continues to be a focus, although there hasnt been a lot of data to digest for the past few days. Tuesdays reports were limited to the weekly same-store sales data and the International Trade release. Fed Chairman Bernanke spoke as well, 2007-09-14 Economy 秩名 en.yinlu.net /overview/Economy/2007091415247.shtml Property stocks have been bludgeoned this year amid concerns that higher lending costs will depress prices. So the timing may be right for the nascent derivatives market in US commercial property. This over-the-counter market allows investors to add 2007-09-14 Economy 秩名 en.yinlu.net /overview/Economy/2007091414631.shtml Problems in housing, the financial markets and the first job decline in four years have made a Federal Reserve rate cut next week all but certain. But it has also raised talk about a recession - and whether the Fed is able to prevent one. While most 2007-09-14 Economy 秩名 en.yinlu.net /overview/Economy/2007091414630.shtml Investors shunned a key short-term debt market for a fifth straight week, according to the latest statistics from the Federal Reserve. The amount of outstanding commercial paper fell by $8.2 billion to $1.92 trillion in the week ended Wednesday. Pape 2007-09-14 Economy 秩名 en.yinlu.net /overview/Economy/2007091414629.shtml Stock markets have regained some of their poise on rising hopes that the Federal Reserve will cut interest rates on Tuesday. But investors appear to be looking past one key warning sign: The $2 trillion market for commercial paper remains locked up - 2007-09-14 Economy 秩名 en.yinlu.net /overview/Economy/2007091414628.shtml Monetary Policy: Central bankers insist the economy's weathering the subprime storm and not begging for a major rate cut. That's their line and they're sticking to it. But are they behind the curve again? The day before a dismal jobs report that show 2007-09-14 Economy 秩名 en.yinlu.net /overview/Economy/2007091313364.shtml WASHINGTON (AP) -- The number of laid off workers filing claims for unemployment benefits rose last week in another worrisome sign that the labor market is weakening. The Labor Department reported Thursday that new claims for unemployment benefits ro 2007-09-13 Economy 秩名 en.yinlu.net /overview/Economy/2007091313153.shtml LONDON (Reuters) - A global credit crisis has increased the threat to growth, the European Central Bank said on Thursday, as G7 governments asked for a report on the genesis of the turmoil for next month's meeting of finance chiefs. Treasury Secreta 2007-09-13 Economy 秩名 en.yinlu.net /overview/Economy/2007091313073.shtml LONDON (Reuters) - The U.S. economy will be penalized by the current crisis in credit markets but the overall outlook was still benign, U.S. Treasury Secretary Henry Paulson said in a newspaper interview published on Thursday. "There will be a penal 2007-09-13 Economy 秩名 en.yinlu.net /overview/Economy/2007091312969.shtml SINGAPORE (AP) -- Oil prices fell Thursday as traders took profit after a surprisingly large drop in U.S. crude inventories drove oil futures above $80 a barrel for the first time ever. Light, sweet crude for October delivery lost 26 cents to $79.65 2007-09-13 Economy 秩名 en.yinlu.net /overview/Economy/2007091312891.shtml WELLINGTON, New Zealand (AP) -- New Zealand's central bank held its official cash rate steady at 8.25 percent Thursday, saying it expects the current level of interest rates will be sufficient to contain medium-term inflation. But Reserve Bank Govern 2007-09-13 Economy 秩名 en.yinlu.net /overview/Economy/2007091312744.shtml With the dollar slipping to an all-time low against the euro, currency strategists say the greenback is not likely to rebound anytime soon. After hovering near record lows against the euro in recent weeks, the dollar quietly slipped to a new low of $ 2007-09-13 Economy 秩名 en.yinlu.net /overview/Economy/2007091211162.shtml BERLIN (AP) -- The dollar sank to an all-time low against the euro Wednesday amid speculation that the Federal Reserve will soon cut interest rates by as much as half a percentage point. The 13-nation euro rose as high as $1.3889 in afternoon Europea 2007-09-12 Economy 秩名 en.yinlu.net /overview/Economy/2007091211161.shtml PARIS (AP) -- The U.S. economy will slow next year amid continued trouble in the housing market, likely leading to lower interest rates, a senior International Monetary Fund official said Wednesday. Simon Johnson, director of the IMF's Research depar 2007-09-12 Economy 秩名 en.yinlu.net /overview/Economy/2007091211160.shtml Home values and housing sales will take an even bigger hit than previously forecast and will not recover to their earlier levels throughout all of 2008, at least, according to the latest economic outlook from the National Association of Realtors rele 2007-09-12 Economy 秩名 en.yinlu.net /overview/Economy/2007091211159.shtml NEW YORK (Reuters) - Chain store sales rose more than expected last week mainly due to back-to-school shopping, in a sign that consumers continue to spend despite a weaker economy, two reports showed on Tuesday. Redbook Research said its retail sale 2007-09-12 Economy 秩名 en.yinlu.net /overview/Economy/2007091211158.shtml WASHINGTON (Reuters) - The trade deficit narrowed slightly in July as exports continued to outpace imports, the government said on Tuesday, suggesting trade could offer a welcome lift to third-quarter economic growth. The monthly trade gap shrank sl 2007-09-12 Economy 秩名 en.yinlu.net /overview/Economy/2007091211157.shtml Health insurance premiums in 2007 rose 6.1 percent, the lowest growth rate in eight years but still well above inflation and worker earnings, according to the latest annual survey from the Kaiser Family Foundation. It was the fourth consecutive year 2007-09-12 Economy 秩名 en.yinlu.net /overview/Economy/2007091211156.shtml U.S. employers are planning a conservative approach to hiring in this year's fourth quarter, a survey released Tuesday showed. Nearly three-fifths, or 58 percent, of employers do not plan a change in the pace of hiring from the third quarter, accordi 2007-09-12 Economy 秩名 en.yinlu.net /overview/Economy/2007091211155.shtml Debate over how the Federal Reserve should respond to recent market turmoil heated up Monday as central bankers cited growing concerns over the economy but expressed little support for dramatic rate cuts some investors and analysts have urged. San Fr 2007-09-12 Economy 秩名 en.yinlu.net /overview/Economy/2007091211154.shtml Retail sales rise, but remain weak Market News' retail index rose 3.2 points to 46.1 in the 4 weeks to Sept. 8, but that's still below the 50 mark that indicates growth. Median same-store sales growth was 2%, the highest since early May. But the numb 2007-09-12 Economy 秩名 en.yinlu.net /overview/Economy/200709119258.shtml ATLANTA (AP) -- Data tracking the health of the U.S. consumer will be key to this month's decision on interest rates, Federal Reserve Bank of Atlanta President Dennis Lockhart said Monday. In an question-and-answer session following his address at th 2007-09-11 Economy 秩名 en.yinlu.net /overview/Economy/200709119183.shtml Friday's weak August payrolls report raised bets that the Federal Reserve could cut interest rates by a half-percentage point when it meets next week. On Monday, a barrage of Fed speakers sought to disabuse investors of that notion. But stocks didn't 2007-09-11 Economy 秩名 en.yinlu.net /overview/Economy/200709119182.shtml LAREDO, Texas (Reuters) - Dallas Federal Reserve Bank President Richard Fisher on Monday said the U.S. economy appears to be weathering troubles in housing and financial markets, but it was uncertain how things will play out. "Our economy appears to 2007-09-11 Economy 秩名 en.yinlu.net /overview/Economy/200709118720.shtml WASHINGTON (Reuters) - The chances of an economic recession are increasing as troubles in the housing sector and credit markets take their toll, according to a survey of economists released on Monday. Forecasts from economists put the odds of a rece 2007-09-11 Economy 秩名 en.yinlu.net /overview/Economy/200709118549.shtml The U.S. economy lost jobs for the first time in four years in August, raising the odds of a recession and making aggressive Federal Reserve interest rate cuts more likely. Nonfarm payrolls fell by 4,000, the Labor Department said Friday, confounding 2007-09-11 Economy 秩名 en.yinlu.net /overview/Economy/200709118548.shtml ECRI future growth gauge slows For the week ended Aug. 31, the Economic Cycle Research Institute's Weekly Leading Index rose to 140.4 from 139.2 the prior week after declining for 6 straight weeks. Higher stocks, better housing activity and jobless c 2007-09-11 Economy 秩名 en.yinlu.net /overview/Economy/200709118302.shtml WASHINGTON (AP) -- Strained by an ailing housing market and credit woes, the economy in 2007 is expected to log its worst growth in five years and should be somewhat sluggish next year. The No. 1 risk, though, is that the economy will lose its footin 2007-09-11 Economy 秩名 en.yinlu.net /overview/Economy/200709118301.shtml SAN FRANCISCO (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen said on Monday that the current turmoil in financial markets has added "appreciably" to downside risks for the U.S. economy. "Financial market turmoil seems likely t 2007-09-11 Economy 秩名 en.yinlu.net /overview/Economy/200709107851.shtml BASEL, Switzerland (AP) -- Central banks must heed turmoil in global financial markets, despite strong signs that the world economy will overcome current problems, the head of the European Central Bank said Monday. "This is no time for complacency," 2007-09-10 Economy 秩名 en.yinlu.net /overview/Economy/200709107850.shtml NEW YORK (AP) -- Treasury prices were mostly higher Monday, extending a rally from Friday, when an unexpectedly weak job creation report raised concerns about the condition of the overall economy and fed demand for low-risk assets. The market was wai 2007-09-10 Economy 秩名 en.yinlu.net /overview/Economy/200709107849.shtml ATLANTA (Reuters) - Atlanta Federal Reserve Bank Dennis Lockhart on Monday stepped back from his assertion last week that housing woes had so far not clearly affected the broader economy, but said weak jobs data should be evaluated in tandem with st 2007-09-10 Economy 秩名 en.yinlu.net /overview/Economy/200709107848.shtml BERLIN (AP) -- The dollar on Monday traded lower against the euro on the heels of disappointing jobs data late last week that could mean an interest rate cut by the Federal Reserve. The euro bought $1.3789 in morning European trading, up from $1.3768 2007-09-10 Economy 秩名 en.yinlu.net /overview/Economy/200709097440.shtml SINGAPORE (AP) -- Billionaire publisher Steve Forbes urged the U.S. Federal Reserve on Sunday to cut a key interest rate by a full percentage point when it meets later this month, to solve an ongoing credit crisis. The central bank should also focus 2007-09-09 Economy 秩名 en.yinlu.net /overview/Economy/200709097354.shtml NEW YORK (Reuters) - The weak U.S. housing sector warrants close attention to assess the economic outlook as well as its recent disruptive effects on financial markets, Philadelphia Federal Reserve Bank President Charles Plosser said on Saturday. Bu 2007-09-09 Economy 秩名 en.yinlu.net /overview/Economy/200709086954.shtml NEW YORK (AP) -- Wall Street banks have ratcheted up again the amount of Federal Reserve easing they expect in coming months, with the central bank now seen cutting rates at each of its three remaining 2007 meetings. Amid a sharp crunch in credit mar 2007-09-08 Economy 秩名 en.yinlu.net /overview/Economy/200709086953.shtml WASHINGTON (Reuters) - Bush administration officials on Friday sought to ease fears the U.S. was tipping into recession after a government report showed the economy shed jobs for the first time in four years last month. Treasury Secretary Henry Paul 2007-09-08 Economy 秩名 en.yinlu.net /overview/Economy/200709086952.shtml NEW YORK (AP) -- Following is a summary of top stories in the energy sector at midday Friday. Oil and Gas Prices Feel Jobs Data Heat Oil and gasoline futures traded in narrow ranges, supported by concerns about tight supplies but pressured by a weak 2007-09-08 Economy 秩名 en.yinlu.net /overview/Economy/200709086951.shtml ATLANTA (Reuters) - Recent credit market turmoil has increased downside risks for the economy, but the U.S. Federal Reserve would refrain from taking action to bail out investors who made bad decisions, top policy-makers said on Thursday. "The balan 2007-09-08 Economy 秩名 en.yinlu.net /overview/Economy/200709086950.shtml New foreclosure filings hit another record in the second quarter as a rising number of Americans become unable pay their subprime adjustable-rate mortgages. Borrowers entering the foreclosure process rose at a seasonally adjusted 0.65% rate, the high 2007-09-08 Economy 秩名 en.yinlu.net /overview/Economy/200709086949.shtml After a so-so July, retailers rang up stronger-than-expected August sales as consumers hit the malls for late back-to-school shopping, ignoring credit market woes for now. Overall, August sales of stores open at least a year rose 3.1% from August 200 2007-09-08 Economy 秩名 en.yinlu.net /overview/Economy/200709076459.shtml The number of Americans with jobs fell for the first time in four years in August, as Friday's closely watched government jobs report came in much weaker than Wall Street forecasts. There was a net loss of 4,000 jobs in the month, down from the 68,00 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709076458.shtml WASHINGTON (Reuters) - Employers cut 4,000 jobs in August, the first time in four years that monthly hiring contracted, the government said on Friday in a report certain to boost pressure on Federal Reserve policy makers to cut interest rates. The s 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709076049.shtml FRANKFURT, Germany (AP) -- The euro and the pound traded slightly lower against the U.S. dollar Friday after interest rates in the euro zone and Britain remained unchanged amid signs that they may not rise for a while. The 13-nation euro bought $1.36 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709075521.shtml LONDON (AP) -- Federal Reserve Bank of St. Louis President William Poole said Thursday that he thought there was a higher chance of economic downturn in the United States as a result of recent market turmoil. Poole said there was "no question" that f 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709075520.shtml ATLANTA (AP) -- There is no hard evidence that the downturn in the housing market has spilled over to the broader economy, Federal Reserve Bank of Atlanta President Dennis Lockhart said Thursday in a speech that gave little hint of whether interest r 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709075519.shtml HARARE, Zimbabwe (AP) -- Zimbabwe sharply devalued its currency Thursday, from 250 Zimbabwe dollars for every $1 for most official transactions to 30,000 Zimbabwe dollars. The U.S. dollar, however, was still fetching up to 250,000-1 on the illegal ma 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709075518.shtml SAN FRANCISCO (Reuters) - Turmoil stemming from subprime mortgage delinquencies could dampen demand for homes and ultimately slow U.S. economic growth, Federal Reserve Governor Randall Kroszner said on Thursday. But the financial turbulence comes as 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709075517.shtml The economy is getting a lot of attention once again Thursday, but this time stocks are seeing gains on the news. Data on jobless claims and productivity were positive and chain store sales data has been better than expected. Nonetheless, another re 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709075516.shtml The dislocation in inter-bank lending stems not just from distrust of rivals' balance sheets. Banks also have doubts about their own. On one hand, financial institutions are wary about certain hard-to-value, illiquid assets as a threat to the stabili 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709075515.shtml The U.S. economy kept chugging along in August, with a credit crunch having only a "limited" impact outside housing, the Federal Reserve said in its beige book report Wednesday. All 12 Fed districts reported that economic activity continued to expand 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709075514.shtml Mortgage apps rise; so do rates The Mortgage Bankers Association's applications index rose a seasonally adjusted 1.3% to 622.9 in the week ended Aug. 31, but multiple applications and refilings caused by recent credit problems may have played a role. 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709075513.shtml Economic news has been the story Wednesday, with stocks falling as a result. Data on employment from the Challenger report and the ADP release have lowered estimates for nonfarm payrolls in August. At the same time, data on pending home sales showed 2007-09-07 Economy 秩名 en.yinlu.net /overview/Economy/200709064733.shtml DALIAN, China (Reuters) - Turmoil in the credit markets will take a toll on the U.S. economy but the full impact will not be clear for another two or three months, William Rhodes, senior vice chairman of Citigroup Inc, said on Thursday. Only when po 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064192.shtml WASHINGTON (Reuters) - Financial market turbulence has noticeably hurt housing activity in recent weeks but has had little effect on other sectors of the economy so far, the Federal Reserve said on Wednesday. "Outside of real estate, reports that th 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064191.shtml COLUMBUS, Ohio (AP) -- Most Ohio voters say they favor restrictions on imports, even if it means higher prices for consumer products, according to a poll released Wednesday. The Quinnipiac University survey showed a preference for a more closed trade 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064190.shtml Overnight interest rates are, more or less, being controlled by central banks. But a little further down the yield curve, where monetary tools have less efficacy, rates continue to soar. At three months, banks are still struggling to borrow enough, e 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064189.shtml Economic activity in the U.S. continued to expand in the past few weeks even in the face of the difficulties in the credit markets, but the housing arena saw its situation worsen. Those observations were found Wednesday in the Federal Reserve's "beig 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064188.shtml The full impact of the upheaval in financial markets "has yet to play out," a top administration official said Wednesday, while stressing that the effect will be dampened somewhat by solid economic growth. Robert Steel, Treasury undersecretary for do 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064187.shtml GENEVA (AP) -- The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday. Woes in the housing market will drag U.S. gross domestic product for 2007 to a 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064186.shtml GENEVA (AP) -- The U.S. economy will slow sharply this year and fall behind growth rates in most of the world, according to forecasts in a U.N. report released Wednesday. Woes in the housing market will drag U.S. gross domestic product for 2007 to a 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064185.shtml PARIS (AP) -- The U.S. economy faces a significant economic slowdown that should lead the U.S. Federal Reserve to ease interest rates, a senior official of the Organization for Economic Cooperation and Development said Wednesday. "The housing sector 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064184.shtml NEW YORK (AP) -- The industrial metals market sagged for a third straight session Wednesday as investors weighed large builds in aluminum and zinc inventories against continued unease about the pace of global economic growth. Investors may get a clea 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064183.shtml For the U.S. to gain the upper hand in innovation, the government needs to partner with free enterprise. That's a key premise of tech expert John Kao's forthcoming book, "Innovation Nation." Kao doesn't advocate a bureaucratic boondoggle, with the go 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064182.shtml Competitiveness: It has become fashionable to assert that the United States is slipping from its position as the world's top economy. But a new report on productivity suggests the declinists' obits are premature. Those who see America's vibrant econo 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064181.shtml Cooling factory activity and the ongoing construction slump offered the latest signs that the economy is slowing, reports showed Tuesday. But U.S. auto sales, though mixed, suggest recent credit market woes haven't hit consumers. The Institute for Su 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709064180.shtml U.S. retail sector soft last week Market News' retail trade index fell 5.3 points to 42.9 in the week ended Sept. 1, the lowest in 2 months. The housing slump and credit concerns weighed on the index. Growth in same-store sales, total sales and incom 2007-09-06 Economy 秩名 en.yinlu.net /overview/Economy/200709052916.shtml DETROIT (Reuters) - General Motors Corp (NYSE: - ) posted a 5-percent gain in U.S. sales for August on Tuesday, bucking a downtrend for the embattled industry linked to a weaker housing market and a shakeout in subprime lending. Overall, U.S. auto s 2007-09-05 Economy 秩名 en.yinlu.net /overview/Economy/200709052915.shtml NEW YORK (AP) -- Just before U.S. financial markets were roiled by a global credit squeeze this summer, an equally dramatic financial crisis threatened "Second Life," the much-hyped online world. On July 25, the company controlling "Second Life" anno 2007-09-05 Economy 秩名 en.yinlu.net /overview/Economy/200709052914.shtml JEFFERSON CITY, Mo. (AP) -- Businesses looking to expand in Missouri gained access to tens of millions of dollars of tax credits Tuesday as Gov. Matt Blunt signed into law an economic development bill passed in a special legislative session. Two part 2007-09-05 Economy 秩名 en.yinlu.net /overview/Economy/200709052913.shtml Moody's Economy.com is forecasting an increased risk for recession in the next six to 12 months due to the subprime mess, which has shaken investor and consumer confidence, bumped up foreclosures and led to a tightening of credit standards for most l 2007-09-05 Economy 秩名 en.yinlu.net /overview/Economy/200709052912.shtml NEW YORK (AP) -- A UBS analyst on Tuesday said a rebound for department stores is likely for the fall after a summer sell-off, despite an uncertain consumer environment. Analyst Michelle Tan said in a note to investors that department store stocks ty 2007-09-05 Economy 秩名 en.yinlu.net /overview/Economy/200709052911.shtml FRANKFURT, Germany (AP) -- Investors are unsure just how the European Central Bank will act next time it meets to consider interest rates for the 13-nation euro zone on Thursday. Just two weeks ago, the bank appeared sure to lift its key refinancing 2007-09-05 Economy 秩名 en.yinlu.net /overview/Economy/200709052910.shtml BENTON CITY, Wash. (AP) -- Tom Judkins Jr.'s grape-growing experience began with just a few backyard vines when he was 16 years old. Some 40-odd years later, his 100-acre nursery produces more than 3 million grape vine cuttings in the lower Yakima Va 2007-09-05 Economy 秩名 en.yinlu.net /overview/Economy/200709052909.shtml The economy will be a focus this week with data on employment moving to the forefront. However, regardless of how strong jobs growth was in August, the FOMC is probably ready to cut the Fed funds rate at its meeting September 18. Last week, Fed Chai 2007-09-05 Economy 秩名 en.yinlu.net /overview/Economy/200709052908.shtml For a person looking for excitement, there is so much to find. Hurricane Felix (now a category 5 storm) is approaching the Gulf Coast with the promise of more hurricanes and tropical storms to follow before the season closes. School is starting and 2007-09-05 Economy 秩名 en.yinlu.net /overview/Economy/200709052907.shtml OMAHA, Neb. (AP) -- An August survey of supply managers and business leaders in nine Midwestern and Plains states suggests slower growth ahead. Wholesale inflationary pressures remained high as the overall Business Conditions Index for the Mid-Americ 2007-09-05 Economy 秩名 en.yinlu.net /overview/Economy/200709042823.shtml The economic expansion that began six years ago has failed to benefit most workers, according to a report from the nonpartisan Economic Policy Institute, released Monday. Productivity growth, although slower of late, has been strong since 2000. After 2007-09-04 Economy 秩名 en.yinlu.net /overview/Economy/200709042822.shtml Ben Bernanke reassured investors Friday that the Federal Reserve will act to soothe market turmoil if it threatens the U.S. economy. In a closely watched speech at an annual central bank gathering in Jackson Hole, Wyo., Chairman Bernanke said the Fed 2007-09-04 Economy 秩名 en.yinlu.net /overview/Economy/200709042742.shtml The mortgage crisis is likely to make many companies more cautious on the payroll front in the next six months - but some sectors will get hit harder than others. Employees at companies with closest ties to the housing industry (from construction fir 2007-09-04 Economy 秩名 en.yinlu.net /overview/Economy/200709042741.shtml The pace of manufacturing growth slowed in August, according to a closely watched survey of executives from that sector released Tuesday that came in roughly in line with Wall Street expectations. The Institute for Supply Management's manufacturing i 2007-09-04 Economy 秩名 en.yinlu.net /overview/Economy/200709041966.shtml From Standard Poor's Financial Communications As more Americans shoulder the responsibility of funding their own retirement, many rely increasingly on their 401(k) retirement plans to provide the means to meet their investment goals. That's because 4 2007-09-04 Economy 秩名 en.yinlu.net /overview/Economy/200709031195.shtml TOKYO (Reuters) - Japanese firms cut capital spending by 4.9 percent in April-June from a year earlier, data showed on Monday, confounding forecasts and adding to views that the Bank of Japan will hold off from raising rates this month. The first de 2007-09-03 Economy 秩名 en.yinlu.net /overview/Economy/20070902275.shtml JACKSON HOLE, Wyoming (Reuters) - Central banks should focus on house price swings only if they risk causing harm to the broader economy, and keep their eyes on ensuring stable prices and employment, Federal Reserve Governor Frederic Mishkin said on 2007-09-02 Economy 秩名 en.yinlu.net /overview/Economy/20070902274.shtml One man is sometimes vilified for being too academic; the other is rarely in any danger of that. But Ben Bernanke, chairman of the Federal Reserve, and George W. Bush, US president, were united in one respect on Friday. Both tried to restore some con 2007-09-02 Economy 秩名 en.yinlu.net /overview/Economy/20070902273.shtml TOKYO (AP) -- Japan's new finance minister said Friday he exchanged notes over the phone with U.S. Treasury Secretary Henry Paulson on the possible fallout from the U.S. credit crisis. In what he called a 20-minute courtesy call following his appoint 2007-09-02 Economy 秩名 en.yinlu.net /overview/Economy/20070901269.shtml U.S. Faces Deep Economic Downturn but Recession Unlikely, Says Nobel Laureate Stiglitz KUALA LUMPUR, Malaysia (AP) -- The U.S. could face a prolonged economic downturn due to its subprime mortgage woes, but is unlikely to plunge into a recession, No 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901263.shtml NEW YORK/LONDON (Reuters) - The Federal Reserve on Friday reassured investors it would take any steps needed to shelter the U.S. economy from a global credit squeeze, while President George W. Bush promised to help struggling homeowners refinance th 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901262.shtml Federal Reserve chairman Ben Bernanke described the recent housing downturn as "sharp" and added "that further declines in homebuilding are likely" in a highly anticipated speech Friday morning. But he also hinted that the central bank was prepared 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901261.shtml Commodities Rally After Bernanke Says Fed Will Protect Economy NEW YORK (AP) -- Commodities rallied Friday along with Wall Street as investors reacted to Federal Reserve Chairman Ben Bernanke's assertion that the central bank will "act as needed" to 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901260.shtml WASHINGTON (Reuters) - President George W. Bush on Friday tried to calm financial market turmoil from the credit crisis by announcing proposals intended to prevent homeowners from defaulting on risky mortgages. Rising U.S. defaults on so-called subp 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901259.shtml DETROIT (Reuters) - Honda Motor Co Ltd (Tokyo:7267.T - ; NYSE: - ) is on track for a 3 percent increase in U.S. sales in 2007, an executive said on Friday, but he also called on the Federal Reserve to cut interest rates to boost consumer confidence. 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901258.shtml South African President Says Regime Change Not the Way to Fix Problems in Zimbabwe CAPE TOWN, South Africa (AP) -- South African President Thabo Mbeki insisted Thursday that negotiations between Zimbabwe's ruling party and its opposition were the on 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901257.shtml JACKSON HOLE, Wyoming (Reuters) - The Federal Reserve will take the necessary steps to shelter the economy from turmoil in financial markets but will not bail out investors who made mistakes, Fed Chairman Ben Bernanke said on Friday. "The committee 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901256.shtml Economic Growth Attracts Handful of Egyptians Back From Dubai CAIRO, Egypt (AP) -- Mohamed el-Kashashy has the kind of business experience that could help drive Egypt's economy. During six years working in brand management and marketing, he has led 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901255.shtml AP Interview: France's First Female Finance Chief Challenges Traditions PARIS (AP) -- She's French. She's female. And she is causing quite a stir. Christine Lagarde, the first woman finance minister for a G-8 nation, was rated the best minister in P 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901254.shtml Honda Chief: Fed Should Cut Interest Rates to Invigorate Economy ROCHESTER, Mich. (AP) -- Honda's top U.S. executive said Friday the Federal Reserve should cut interest rates to help invigorate the economy. John Mendel, executive vice president of a 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901253.shtml Euro Inflation Stable at 1.8 Pct in August, July Jobless Rate Holds Steady BRUSSELS, Belgium (AP) -- Inflation in the 13 countries that use the euro currency should remain a steady 1.8 percent in August, the European Union's statistical agency said 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901252.shtml India Says Economy Grew 9.3 Percent in Fiscal 1st-Quarter Despite Tight Money Measures NEW DELHI (AP) -- India's economy expanded by a faster-than-expected 9.3 percent in the first fiscal quarter as manufacturing output and services grew, the govern 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901251.shtml Even with new jobless claims rising last week to their highest level since April, many economists say housing-related job losses may be a lot worse than official data show. First-time claims rose for a fifth straight week to 334,000, the Labor Depar 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901250.shtml OFHEO: Home price gains slump Q2 prices rose 3.2% vs. a year ago, the slowest rise in a decade, the Office of Federal Housing Enterprise Oversight said. Price gains could turn into declines, as they have in other measures, and are taking a toll on b 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901249.shtml GDP Up 4 Percent in 2nd Quarter, but Growth May Be Hampered by Housing Slump and Credit Crisis WASHINGTON (AP) -- The economy enjoyed a strong revival in the spring although growing troubles in housing and credit markets have darkened prospects cons 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901248.shtml Stocks Finish Mixed Amid Ongoing Worries About Economy, Credit Market NEW YORK (AP) -- Stocks finished a back-and-forth session mixed Thursday as investors grappled with weaker-than-expected economic data and weighed the chances of the Federal Reser 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901247.shtml NEW YORK (Reuters) - Home builders, mortgage lenders and a federal regulator maintained the flow of downbeat reports on U.S. housing on Thursday, adding to a cacophony of calls for the Federal Reserve to lower its key interest rate. The worry is the 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901246.shtml Washington State's Most Plentiful Jobs Defy Stereotypes SPOKANE, Wash. (AP) -- All you Western Washington aerospace workers and Eastern Washington farmers listen up: It turns out you are not such a big deal after all. In a paradigm-busting report, t 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901245.shtml China Replaces Finance Minister After Reports He Was Involved in Sex Scandal BEIJING (AP) -- China replaced its finance minister Thursday amid reports he was involved in a sex scandal and also named a new chief of secret police. The reshuffle appear 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901244.shtml Mo. Lawmakers Pass $66 Million Tax Break Bill JEFFERSON CITY, Mo. (AP) -- Lawmakers gave final approval Thursday to $66 million a year in new tax breaks, sending Gov. Matt Blunt a bill touted as pivotal to the creation of thousands of jobs. Under th 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901243.shtml Report: Montana Jobs Abundant, Wages Up HELENA, Mont. (AP) -- Jobs are plentiful in Montana and wages have risen, but they remain low compared to pay in other states, an economist said this week after state government's annual Labor Day Report on em 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901242.shtml Chinese Finance Minister Jin Renqing Resigns for 'Personal Reasons' BEIJING (AP) -- Government officials said Thursday that Finance Minister Jin Renqing resigned for "personal reasons," amid concerns of surging inflation and just weeks ahead of an e 2007-09-01 Economy 秩名 en.yinlu.net /overview/Economy/20070901241.shtml U.S. Faces Deep Economic Downturn but Recession Unlikely, Says Nobel Laureate Stiglitz KUALA LUMPUR, Malaysia (AP) -- The U.S. could face a prolonged economic downturn due to its subprime mortgage woes, but is unlikely to plunge into a recession, No 2007-09-01 Economy 秩名 en.yinlu.net