Recession
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POSITIVE SIGNS: Germany's central bank expects the country's economy to improve "markedly" in the second quarter. Germany grew only 0.1 percent in the first quarter in part because cold weather delayed the construction season. The European Central Bank expects a gradual recovery in the second half of the year.
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POSITIVE SIGNS: Germany's central bank expects the country's economy to improve "markedly" in the second quarter. Germany grew only 0.1 percent in the first quarter in part because cold weather delayed the construction season. The European Central Bank expects a gradual recovery in the second half of the year.
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Thanks to the brightening employment picture and an uptick in the housing market, Americans are packing up and relocating. And the pace is likely to pick up this summer.
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LONDON, May 20- Low-risk German Bunds fell on Monday in the wake of upbeat U.S. data last week that eased concern about growth in the world's biggest economy, but a bleak euro zone outlook was expected to limit losses.
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NEW YORK, May 20- The yen climbed back from a 4-1/ 2- year low against the dollar on Monday after Japan's economy minister suggested the currency might have weakened enough. The economy minister, Akira Amari, said the yen's excessive strength had largely corrected and further weakness could damage Japan's economy.
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Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
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The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
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May 19- The beginning of the end of the Federal Reserve's massive bond-buying program might come sooner than many investors think if recent gains in the U.S. labor market do not prove fleeting.
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CHICAGO, May 17- The Federal Reserve has not done enough to lower U.S. borrowing costs to boost economic growth, a top Fed official said on Friday, citing his outlook for overly low inflation and overly high unemployment over the next two to three years.
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MEXICO CITY, May 17- Mexico's annual economic growth slumped in early 2013 to its weakest in three years, prompting the government to cut growth estimates and backing expectations of another interest rate cut.
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The volume of takeovers worldwide has dropped 7 percent year to date to $750 billion, with the week to Thursday marking the slowest week for acquisitions this year, Thomson Reuters data showed on Friday.
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MEXICO CITY, May 17- Mexico's economy expanded in the first quarter on strength in the services sector, defying expectations for a contraction and easing fears of a deepening slowdown in Latin America's no. 2 economy.
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Early Boomers may be on track to retire with enough savings for their golden years, a new Pew study finds. But Gen-Xersare in for a world of hurt.
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PORTLAND, Ore, May 16- The U.S. "It will take further gains to convince me that the' substantial improvement' test for ending our asset purchases has been met," John Williams, president of the Federal Reserve Bank of San Francisco, said in remarks prepared for delivery to a luncheon sponsored by the Portland Business Journal.
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The former editor of The New Republic has a new essay on austerity that unintentionally proves Paul Krugman's point about viewing economics as a morality play.
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LONDON, May 16- Brent oil futures climbed above $104 on Thursday, responding to dollar declines, while a jump in U.S. jobless claims capped gains as they added to the bearish demand outlook.
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*Zurich, National Grid fall after results. LONDON, May 16- European shares fell slightly by midday on Thursday after some investors took profits on updates from Zurich Insurance Group and National Grid as indexes hovered near multi-year highs.
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France's fall back into recession is likely to pile more pressure on the country's finance ministry, at a time when infighting has already led one senior politician to fuel rumors that Finance Minister Pierre Moscovici could be replaced.
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Christian Schulz, Senior Economist at Berenberg Bank thinks recession in the Euro Zone could end in Q3 2013. He says there is more appetite for risk and yield in the markets.
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SINGAPORE, May 16- London copper slipped on Thursday after Europe's shrinking economy and a drop in U.S. factory output underlined a dimming demand outlook for metals, although a softer dollar limited losses.
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Burger King unveils its new summer menu and takes aim at one of McDonald's most improbable but popular offerings, reports CNBC's Jane Wells.