US stock indexes rise in pre-market trading on positive earnings from Pepsi, others Americans seeking weekly unemployment benefits rose to 304,000; still at pre-recession levels GE earnings lower because of NBC sale last year, outlook for economy positive PepsiCo quarterly profit beats expectations on stronger snack sales, cost cuts Goldman Sachs says first-quarter earnings fall 11 percent as fixed income trading slumps Mattel reports 1st quarter loss on weak sales of Barbie, weakness internationally Chipotle sales surge as more customers take a taste, but higher costs limit profit gains Target expands subscription service as it fends off Amazon.com in fight for online shoppers EU warns Russia of using gas supplies to Ukraine for political ends, urges stable supplies UnitedHealth's 1st- quarter profit tumbles 8 percent, insurer cites overhaul costs» Read More
Paul Gambles, managing director at MBMG International, warns that the U.S. is likely to go back into recession during the first half of 2014.
UNITED NATIONS, Dec 18- The outlook for the global economy has improved thanks to the end of the euro zone recession and a slight improvement in U.S. economic growth, though political wrangling over the U.S. budget is a major risk factor, the United Nations said on Wednesday. Growth in the United States strengthened somewhat. "
NEW YORK, Dec 15- The possibility that the Federal Reserve could finally start to trim its extraordinary stimulus for the economy could make this week an explosive one for financial markets.
GENEVA, Dec 12- Airlines lobby group IATA has raised its forecast for airline profits this year by 10 percent and predicted passenger numbers topping 3 billion for the first time, reflecting lower jet fuel costs, improved efficiency and global economic growth.
Dec 11- Better economic data has pushed a tapering of bond buying by the Federal Reserve higher up the agenda- even as early as next week. Wants very badly to taper, in my opinion, "writes Fed watcher and University of Oregon economist Tim Duy.
After nearly going bankrupt and almost crashing out of the euro zone last year, Greece expects growth of 0.6 percent in 2014 and hopes to secure more leeway on its debts to the European Union and the International Monetary Fund.
NEW YORK/ LONDON, Dec 4- Service sector activity expanded around the world in November, albeit at a slower rate, while strong U.S. data housing and jobs figures brightened the outlook for growth, data showed on Wednesday. The upbeat housing data turned the stock market around later in the session, and Wall Street shaved its initial losses.
*Bank of Canada holds key rate at 1.0 percent. *Says risks of low inflation appear to have increased. OTTAWA, Dec 4- The Bank of Canada held its key interest rate steady on Wednesday but sounded a touch more dovish in its outlook, saying the risks of undesirably weak inflation appeared greater than they did six weeks ago.
CHICAGO, Nov 27- U.S. manufacturers are pumping money into domestic operations again, according to government figures. The figures on so-called "capex" spending from the U.S. Commerce Department's Bureau of Economic Analysis offer a glimpse of the investment priorities of a sector that some argue is poised for growth after decades of contraction.
How is the economy really doing? Alan Krueger, Princeton economics professor and former Council of Economic Advisers chair, says the economy is recovering from a deep recession at a modest pace.
FRANKFURT/ PARIS, Nov 22- The European Central Bank's chief economist said on Friday the euro zone faces deflationary pressures, and the bank's president stressed that interest rates must remain low "because the economy is weak".
ATHENS, Nov 21- Greece more than doubled its forecast for a budget surplus before interest payments this year, hinting at light at the end of the tunnel for its battered economy and boosting its chances of securing more leeway on its debts to the EU and IMF.
A U.S. debt default would create large confusion and uncertainty in financial markets, the OECD has said in a new report.
*U.S. economy seen growing 2.9 percent next year. PARIS, Nov 19- Slowing emerging markets are dragging on the world's economic recovery and advanced countries are struggling to pick up the slack after years of debt crises, the OECD said on Tuesday, trimming its global growth forecasts.
ATHENS, Nov 19- Greek tourism revenues are expected to rise 13 percent to a record 13 billion euros in 2014, the main industry body told Reuters on Tuesday, boosting chances the crisis-hit country will emerge from a deep recession next year.
EDMONTON, Nov 12- Canada's Conservative government expects to easily meet its goal of eliminating its budget deficit by 2015, just ahead of an election, and has increased its estimate of that year's surplus even as it warns of an uncertain global economic outlook.
*Italy, France concerned about risk to exports. BRUSSELS, Nov 5- The euro will appreciate at a record pace this year and continue to gain in value in 2014, the European Commission predicted, a spiral that could hamper the currency bloc's export-driven recovery.
The wealthiest and most privileged in the U.S. should be paying more taxes, according to Bill Gross, co-founder of Pimco.
LONDON, Oct 30- A buoyant economy will prompt the Bank of England to bring forward the time it thinks unemployment will fall to the 7 percent threshold where it says it will discuss changing monetary policy, a Reuters poll found. "They'll bring it forward from end-2016 to early 2016- the economy is stronger," said Michael Saunders at Citi.
Kevin Adams, head of institutional fixed income at Henderson Global Investors, says growth in Spain in being led by exports despite "internal deflation" working but that it's not enough to create jobs.