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Construction spending falls less than expected
AP - Construction spending fell by a smaller-than-expected amount in September as a rebound in nonresidential activity helped offset further weakness in home building.
Factory orders drop more than expected
AP - Factory orders dropped by more than three times as much as analysts expected in September as the U.S. manufacturing sector continues to suffer from the economic downturn.
Jobless claims drop slightly from elevated level
AP - New claims for unemployment benefits dropped slightly last week, while the number of people continuing to receive benefits reached its highest level in more than 25 years, the government said Thursday.
September wholesale inventories drop unexpectedly
AP - Wholesale inventories held by distributors fell in September, the government said Friday, as companies cut stockpiles in the face of the economic slowdown.
USDA projects lower corn, soybean harvests
AP - The Agriculture Department on Monday lowered its forecasts for this year's U.S. corn and soybean harvests, with corn production now expected to come in below analysts' estimates.
Bank of England: Inflation to fall below 2 pct.
AP - The Bank of England said Wednesday it expects inflation to fall to the government's target of 2 percent next year, but warned that inflation would then continue falling to below that level as the economy contracts further.
September trade deficit falls to $56.5 billion
AP - A record decline in the price of crude oil helped to push the U.S. trade deficit down to the lowest level in nearly a year even though the deficit with China shot up to an all-time high.
Retail sales fall by record amount in October
AP - Retail sales plunged by the largest amount on record in October as the financial crisis and the slumping economy caused consumers to sharply cut back on their spending.
Industrial output posts rebound in October
AP - Industrial output posted a bigger-than-expected rebound in October after plunging in September by the largest amount in over 60 years.
Wholesale prices plunge, easing inflation concerns
AP - Wholesale prices in October experienced the biggest one-month drop on records that go back more than 60 years, illustrating the impact falling energy prices and fears of a prolonged recession can have on inflation.
US home construction sinks to new record low
AP - Construction of new homes plunged 4.5 percent last month to the lowest level on government records dating back to 1959, as U.S. builders slashed production while Wall Street nosedived.
Oil prices slump under 50 dollars per barrel
AFP - Oil prices tumbled under 50 dollars on Thursday, as plunging equities and weak US data sparked fresh concern that a worldwide recession could ravage energy demand, traders said.
Singapore skids into first recesssion since 2001
AP - Singapore's economy has skidded into a recession for the first time since 2001, the government said Friday, warning that it could contract by up to 1 percent next year as a global slowdown saps export demand.
Mexican growth slows to 1.6 pct, lowest since 2003
AP - Mexico says its yearly growth rate dropped to 1.6 percent in the third quarter, its slowest rate since 2003, as the U.S. economy stalls.
Geithner tapped to be Obama's Treasury chief
AFP - New York Federal Reserve president Timothy Geithner has been selected to become US Treasury Secretary amid the global financial crisis, a key advisor to president-elect Barack Obama said Sunday.
Analyst: German business sentiment likely lower
AP - A key report measuring business confidence in Germany is expected to show that it fell in November, an analyst said Monday.
World Bank: China growth to slow, cuts forecast
AP - China's growth will slow to 7.5 percent next year — the lowest rate since 1990 — as the global financial crisis takes a greater toll on the world's fourth-largest economy, the World Bank said Tuesday.
Singapore manufacturing falls 13 pct in October
AP - Singapore manufacturing plummeted 13 percent in October from a year ago as demand for the city-state's electronic and pharmaceutical exports dried up amid the global economic slowdown.
S.Korea to make first use of US currency swap deal
AP - The Bank of Korea said Thursday that local banks will have their first chance to utilize a currency swap deal with the U.S. Federal Reserve aimed at alleviating a dollar shortage caused by the global credit crunch.
Panasonic shares tumble to 5-year low on outlook cut
Reuters - Shares of Panasonic Corp (6752.T) fell 11 percent on Friday to their lowest level in over five years after it became the latest Japanese electronics maker to slash its profit forecast due to the economic slump.
US aid chief denies UN Doha meet a waste of time
AFP - The head of the US delegation at the UN's Doha conference on aid denied on Saturday that the absence of most leaders of the world's major economies means the meeting is a waste of time.
Chinese leader says China losing competitive edge
AP - Chinese President Hu Jintao warned that China has started to lose its competitive edge in trade amid the global financial crisis, as he told Communist Party leaders the challenge posed a test to the government's ability to rule, state media reported.
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