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Manufacturing sector growth slows in Sept
Reuters - Manufacturing expansion slowed in
September, as new orders and production slipped but employment
improved, according to a survey published on Monday.
Global oil prices dip in profit taking after peaks
AFP - Global oil prices fell slightly Tuesday in profit taking as traders worried about lower energy use in a softening US economy and awaited the latest snapshot on inventories in the United States.
Layoffs fall nearly 10 percent in Sept. from Aug.
Reuters - Planned U.S. layoffs fell nearly 10
percent in September as the slump in housing continued to hurt
payrolls, an independent report showed on Wednesday.
Koreas to expand economic cooperation
AP - North and South Korea agreed Thursday to expand economic cooperation that has flourished this decade in line with greatly reduced political tensions on their divided peninsula.
Koreas see economic benefit to pact
AP - The results of this week's inter-Korean summit will inspire investor confidence by easing geopolitical tensions on the divided peninsula, South Korea's finance minister predicted Friday.
'Nevermind': US job growth firm after revisions
AFP - The US job-creation machine kept cranking during the mid-year credit squeeze -- despite fears of a stall a month ago -- prompting analysts to once again tear up their forecasts for the US economy.
The boss is not an immigration cop
FT.com - There is a massive absurdity at the heart of the US economy - and now corporate America is expected to pay for it. The farce that fuels America works like this: US companies employ millions of illegal workers and the US government pretends it does not notice.
Credit crunch will take toll on economy: Greenspan
Reuters - The credit crunch that has troubled
financial markets in recent months will also take its toll on
the U.S. economy eventually, former Federal Reserve Chairman
Alan Greenspan said on Wednesday.
Trade deficit improves significantly
AP - The U.S. trade deficit fell to the lowest level in seven months, helped by record-high sales of American products and the declining value of the dollar. The deficit with China declined as imports edged down slightly following a string of high-profile recalls.
Consumer sentiment seen up from September
Reuters - U.S. consumer sentiment is estimated
to have remained steady in early October, according to a
Reuters poll of economists.
WTO rules against US cotton subsidies
AP - The World Trade Organization has found that the United States failed to scrap a series of illegal subsidies paid to American cotton growers, a ruling that could open the door to billions of dollars' in Brazilian trade sanctions against the U.S., trade officials said Monday.
Paulson: Housing to hurt economy for some time
Reuters - Treasury Secretary Henry Paulson
warned on Tuesday that the housing correction would continue to
hurt the U.S. economy and financial markets for some time and
called for assistance for home owners at risk of losing their
primary residences.
September housing starts seen extending slump
Reuters - Housing starts likely sank further in
September from a 12-year low set in August, as lenders have
made it more difficult for borrowers to get loans and a record
supply of unsold houses lingers.
China Communists party as economy booms
AP - President Hu Jintao gave the longest public speech of his political life this week, dwelling at length on the Communist Party's social goals but spending little time on the economy. Hours later, the Shanghai stock market's key index hit a new high.
Factories, jobs raise worries over weakness
Reuters - The U.S. factory sector and the job
market showed surprising weakness in data released on Thursday,
raising concerns the Federal Reserve may need to deliver more
interest rate cuts to shore up the economy.
Business conditions deteriorate, outlook dims, NABE
Reuters - Business activity, capital spending
and hiring slowed in the third quarter in response to
tightening credit conditions and a rapidly deteriorating
housing market, an industry survey showed on Monday.
Commodities in consolidation mode
FT.com - Commodity markets steadied on Tuesday, consolidating after downward pressure on prices on concerns about the outlook for the US economy which affected the entire complex in the previous session.
Chinese economy surges 11.5 percent
AP - China's supercharged economy grew by a stunning 11.5 percent in the third quarter, slowing slightly amid authorities' efforts to avert overheating but staying on track to overtake Germany as the world's third-largest economy within weeks, according to data reported Thursday.
Homeowner vacancy rate climbs
Reuters - The share of homes owned but empty
edged back up in the third quarter toward a record set earlier
this year, the Census Bureau said on Friday, another sign of
weakness in the housing sector.
Treasury bills mixed at weekly auction
AP - Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills rising while six-month bills dropped to the lowest level in two years.
Consumer confidence hits 2-year low in October
Reuters - Consumer confidence declined for the
third month in a row in October to its lowest level in two
years on growing concerns about weakening business conditions
and the impact that could have on the job market.
US economy grows 3.9 percent in third quarter
AFP - The US economy grew by a robust 3.9 percent in the third quarter from a year ago, up from a 3.8 percent pace in the prior quarter, the government said Wednesday.
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