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U.S.: 'Worst Is Behind' for Japan Economy
AP - The 'worst is behind' for Japan's once moribund economy but neighboring China must do more to balance its breakneck growth rate and allow its currency to be more flexible, U.S. Undersecretary of Treasury Tim Adams said Wednesday.
Weekly Jobless Claims Post an Increase
AP - The number of Americans filing new claims for unemployment benefits rose slightly last week but still remained at a level indicating a healthy labor market.
EU Lifts High End of Growth Forecast
AP - The European Commission on Friday raised the upper end of its economic growth forecast for the first quarter in the 12 nation-region which shares the euro as its currency.
Factory orders slide 4.5 percent in January
Reuters - New orders at U.S. factories fell
4.5 percent in January, slightly less than expected but still
the biggest drop since July 2000, as orders for durables,
machinery, computers, and aircraft fell, a government report
showed on Monday.
Chain store sales slow in latest week: Redbook
Reuters - U.S. chain stores reported slow sales
in the first week of March as heavy rain hampered retail
shopping, a report said on Tuesday.
Bernanke warns on commercial real estate loans
Reuters - U.S. Federal Reserve Chairman Ben
Bernanke said on Wednesday community banks should improve the
way they manage risks, given a growing reliance on commercial
real estate lending and "some easing" in standards for those
loans.
Jobless claims rise unexpectedly last week
Reuters - The number of Americans filing new
claims for unemployment benefits unexpectedly rose last week to
303,000, the highest level since the start of the year, a
government report showed on Thursday.
Job growth steady, wages keep rising
Reuters - U.S. employers added a
stronger-than-forecast 243,000 jobs in February and average
hourly pay posted the largest annual increase in 4-1/2 years,
the Labor Department said on Friday in a report likely to keep
inflation concerns simmering.
Yosano says too early to discuss BOJ rate rise
Reuters - Japanese Economics Minister Kaoru Yosano
said on Sunday it was too early to discuss when the Bank of
Japan could begin raising interest rates, but said it would
eventually have to happen to normalize the economy.
Central banks weigh fallout from BOJ policy switch
Reuters - Senior central bankers
gathered on Sunday to review the global economy days after
Japan scrapped a five-year-old super-loose monetary stance in a
move expected to affect financial markets worldwide.
Dollar gives back gains, market awaits new data
AFP - The dollar drifted lower against the other major currencies as traders locked in some of last week's greenback gains and awaited new data on the US economy.
German Economic Indicator Falls in March
AP - German finance professionals' optimism about prospects for Europe's biggest economy declined in March for a second month in a row after reaching a two-year high in January, a report released Tuesday showed.
Fed beige book says economic activity increased
Reuters - U.S. economic activity increased
across the country in January and February, with businesses
feeling continued input cost pressures, the Federal Reserve
said on Wednesday.
Inflation Slows Sharply in February
AP - Inflation slowed sharply in February as food costs moderated and the price of gasoline, natural gas and other energy products posted big declines.
Industrial Production Bounces Back in Feb.
AP - Industrial production grew by 0.7 percent in February, with all of the strength coming from a big pickup in output at utilities. Factory production was flat.
German Producer Prices Show Big Rise
AP - Higher prices for oil and energy pushed German producer prices up in February at the fastest annual rate in nearly 24 years, according to government figures released Monday.
Dollar firms on upbeat Bernanke address
FT.com - The US dollar pushed higher in European morning trade on Tuesday after Ben Bernanke, the new chairman of the Federal Reserve, delivered an address on the US economy broadly adjudged to be upbeat.
US home loan demand falls to lowest level this year
Reuters - Consumer demand for home mortgage loan
applications fell last week to the lowest level this year
despite a marked drop in interest rates, as industry trade
group said on Wednesday.
Existing Home Sales Post Unexpected Gains
AP - Sales of existing homes unexpectedly rose last month as a warmer than usual winter boosted demand in many parts of the country, a real estate trade group reported Thursday.
US senators say yuan move in China's interests
Reuters - Two U.S. senators behind a bill
threatening sanctions on China for failing to loosen its
currency said on Saturday it was in China's best interests to
move to a freely floating currency.
Report: China's Economic Growth Slows
AP - China's economy is expected to grow 8.9 percent in 2006, slowing from 9.9 percent last year, the central bank's research department said in a report published Monday.
US chain store sales fall, hit by Easter, weather
Reuters - U.S. chain store sales fell in the
latest week for the second week in a row due to the late Easter
holiday and a lack of Spring-like weather in much of the U.S.,
according to a report on Tuesday.
Survey: German Consumer Confidence Rises
AP - German consumer confidence surged amid rising optimism about the nation's economic outlook, a closely watched survey showed Wednesday.
US Q4 economic growth revised up to 1.7 percent
AFP - The US economy expanded at a 1.7 percent pace in the fourth quarter of 2005, in a slight upward revision of its previous estimate of 1.6 percent growth.
Factory orders up less than expected
Reuters - New orders at U.S. factories rose a
smaller-than-expected 0.2 percent in February, as robust
civilian aircraft and defense capital goods orders outweighed
declining demand for primary and fabricated metals, machinery
and electrical equipment, a government report showed on Friday.
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