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Japanese manufacturers less optimistic
AP - Confidence among Japanese manufacturers slipped in March for the first time in a year, according to a closely-watched Bank of Japan survey released Monday.
Pending home sales rise narrowly
Reuters - Pending sales of existing U.S. homes
rose only narrowly in February as bad weather and weakness in
the subprime lending sector put a crimp on the housing market,
a real estate agents' trade association said on Tuesday.
Asian shares rise on optimism about US
FT.com - The Japanese stock market rose strongly on Wednesday morning, gaining from confidence about the outlook for the US economy and strong gains in some domestic sectors.
China tells banks to increase reserves
AP - China told banks Thursday to increase their reserves for the third time this year, cutting the amount of money available for lending in a new effort to cool an investment boom that Beijing worries could lead to a financial crisis.
Unemployment rate drops to 5-month low
AP - America's employers ramped up hiring in March, driving the unemployment rate down to a five-month low of 4.4 percent. It was a surprisingly strong performance in an economy that has otherwise shown signs of sluggishness recently.
IMF head: Global economy threats lessen
AP - Threats to the global economy have lessened a bit in recent months, the head of the International Monetary Fund said Monday
Bank chief helped female friend get job
AP - World Bank President Paul Wolfowitz is taking 'full responsibility' for helping a close woman friend get transferred to a high-paying job.
Federal deficit down from last year
AP - The federal budget deficit is running at a lower rate through the first six months of this budget year even though spending in March hit an all-time high.
Jobless claims climb to 2-month high
AP - The number of Americans filing new claims for unemployment benefits rose last week to the highest level in two months.
Trade gap narrows, core PPI holds steady
Reuters - The U.S. trade deficit narrowed
unexpectedly in February while producer prices excluding
volatile food and energy were unchanged in March, data showed
on Friday, suggesting the economy continued to chug along while
inflation pressures remained muted.
March retail sales up 0.7 pct
Reuters - U.S. retail sales rose a slightly
more-than-expected 0.7 percent in March in part on higher
gasoline prices, a Commerce Department report on Monday showed.
March consumer prices up 0.6 pct
Reuters - A surge in gasoline costs helped
drive overall U.S. consumer prices up at the sharpest
China's 1Q economy jumps 11.1 percent
AP - China's sizzling economy jumped 11.1 percent in the first quarter from the same period a year earlier, raising prospects the government will take further measures to cool growth amid worries the economy is overheating.
Tepid growth expected later this year: survey
Reuters - U.S. corporate profits will be
smaller, demand for goods will diminish, hiring will slow and
weaker growth is expected later this year, a survey released on
Monday showed.
Consumer confidence falls in April
AP - Consumer confidence crumbled in April as rising gasoline prices undermined how Americans feel about the prospects for economic growth, a widely watched gauge of the economy showed on Tuesday.
Durable goods orders up, investment strong
Reuters - New orders for costly and
long-lasting U.S.-made goods rose a surprisingly strong 3.4
percent in March, according to a government report on Wednesday
that showed businesses investing to expand operations.
Mortgage rates edge down for second week
AP - Rates on 30-year mortgages edged down for a second week as financial markets interpreted weakness in consumer confidence and home sales as evidence that the economy is still mired in a period of lackluster growth.
US GDP slows to 1.3 percent pace
AFP - The US economy expanded at a worse-than-expected 1.3 percent rate in the first quarter, marking the slowest period of growth in four years, the government announced Friday.
March income up 0.7 pct, core prices unchanged
Reuters - U.S. incomes rose a
greater-than-expected 0.7 percent in March, but core consumer
prices were surprisingly unchanged, a Commerce Department
report showed on Monday.
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