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Researchers see Chinese 2006 inflation at 1 pct
Reuters - Chinese consumers will pay only 1
percent more for goods and services in 2006 as overcapacity
pushes inflation down from last year's 1.8 percent, government
and university researchers said in a report published on
Sunday.
Construction Spending Hits Record in Feb.
AP - Construction spending rose to a record level in February as home building hit an all-time high despite a weakening in home sales, the government said Monday.
March planned layoffs fall 26 pct vs. Feb: survey
Reuters - Planned layoffs fell 26 percent in
March from February -- the lowest level in 11 months, according
to a report released on Tuesday.
Services steaming along in March
Reuters - Business activity in the vast U.S.
services sector picked up in March, beating expectations and
pointing to solid momentum across most of the economy, a report
showed on Wednesday.
Jobless Claims Fall for a Third Week
AP - The number of Americans filing claims for unemployment benefits fell for a third straight week, providing further evidence of a strong job market.
Snow sees Congress extending tax cuts
Reuters - U.S. Treasury Secretary John Snow on
Friday said he expects Congress to reach a compromise that will
extend tax cuts when members return from a two-week Easter
break.
China needs policy changes to trim reserves: paper
Reuters - China must do more to stimulate
consumption and tweak investment policies if it wants domestic
purchases of foreign currencies to trim its swollen foreign
exchange reserves, an official paper said on Saturday.
Blue Chip sees solid growth, another rate hike
Reuters - The U.S. economy bounced back in the
first quarter but growth will slow through 2006 as the housing
market cools and consumers become a little more cautious, a
survey of top forecasters showed on Monday.
Financial system strong but challenges emerging: IMF
Reuters - World financial markets have
strengthened but cyclical challenges are emerging from the
prospect of higher interest rates and an unwinding of global
imbalances, the International Monetary Fund said on Tuesday.
Trade Deficit Falls 4.2 Percent in Feb.
AP - America's trade deficit showed a bigger-than-expected improvement in February as the politically sensitive imbalance with China dropped to the lowest level in nearly a year.
Business inventories unexpectedly flat in Feb
Reuters - U.S. business inventories were
unexpectedly flat in February as a drop in stocks of cars and
parts offset a rise in wholesale inventories, data released by
the Commerce Department showed on Thursday.
China Calls for New Economic Measures
AP - China's Cabinet called for new measures Friday to clamp down on investment and bank lending to head off signs that the country's breakneck economy may be overheating.
Japan in 2nd-Longest Economic Expansion
AP - Japan's economy is logging its second-longest expansion since the end of World War II, the country's economy minister said Sunday in the latest in a stream of optimistic forecasts.
Chinese Economy Grows 10.2 Pct. in 1Q
AP - Chinese President Hu Jintao announced Sunday that China's economy grew faster than expected in the first quarter of the year, heightening concerns that the breakneck expansion could spark inflation and drain environmental resources.
With Booming Economy, China Cuts Spending
AP - Chinese leaders who say its booming economy is growing too fast want to cut spending on energy-guzzling factories and other wasteful projects, rather than slow its overall expansion, economists said Monday.
Corrected: Energy costs lift producer prices, core tame
Reuters - Please read in 4th paragraph ... The rise in energy prices
reflected a 9.1 percent jump ... instead of ... The decline in
energy prices came despite a 9.1 percent jump ...
Report: China Construction Spending Up
AP - China's investments in construction, factory equipment and other fixed assets rose 27.7 percent in the first quarter compared to the same period in 2005, a state-run newspaper reported Wednesday, citing an official at the country's main planning agency.
China Says Economy Grew by 10.2 Pct. in 1Q
AP - China's sizzling economy grew by 10.2 percent in first quarter from the same quarter last year, overshooting it official target, but inflation stayed low and growth didn't appear to be dangerously fast, the government said Thursday.
Chinese steel, petchem firms feel profit squeeze
Reuters - Chinese producers of steel, chemical
fibers and petrochemicals all recorded falling profits in the
first three months of 2006, the National Bureau of Statistics
said on Saturday.
French Business Confidence Rises in April
AP - French business sentiment rose to a five-year high in April, official statistics agency Insee said Monday, despite the government's withdrawal of labor reforms in the face of angry student protests.
March existing home sales edge higher
Reuters - The pace of existing home sales in
the United States picked up by 0.3 percent in March, defying
expectations for a slowdown, due to increased buying in some
less expensive markets and in part to warm weather, a trade
group said on Tuesday.
German Consumer Confidence Rises Again
AP - German consumer confidence is rising to its highest level in nearly five years as optimism about the outlook for Europe's biggest economy eases a chronic unwillingness to spend, a closely watched survey showed Wednesday.
German Economists Raise 2006 Forecast
AP - Leading German economists raised their growth forecast for this year to 1.8 percent on Thursday, citing strong exports and long-awaited signs of higher consumer spending, but warned that growth will slow again in 2007.
German Gov't Raises '06 Economic Forecast
AP - The German government raised its growth forecast for this year to 1.6 percent from 1.4 percent on Friday but remained less optimistic than many private economists.
'Day Without Immigrants' protest expected to hit US economy
AFP - Latin American immigrant groups in the United States have called for a major one day strike and school boycott as part of a campaign for immigration reform.
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