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  • March 3- U.S. chief executive officers are modestly more upbeat about the economy and almost half plan to increase capital spending over the next six months, a business group survey said on Tuesday. CEOs expect U.S. gross domestic product to rise by 2.8 percent this year, compared to a projection of a 2.4 percent increase a quarter earlier, according to the...

  • ZURICH, March 3- Switzerland's economy slowed less than expected at the end of 2014 but the mood among Swiss companies has soured since the central bank abandoned its cap on the franc currency in January, data showed on Tuesday. The data for the three months to December covers the period shortly before the Swiss National Bank's shock decision on Jan. 15 to drop its...

  • MOSCOW, March 2- Russia's Finance Ministry has increased its forecast for the country's 2015 budget deficit to 3.8 percent of gross domestic product, a document seen by Reuters showed. The document also showed that the ministry sees the average rouble exchange rate at 61.5 roubles per dollar for 2015, in line with Economy Ministry forecasts.

  • WASHINGTON— The U.S. economy grew at a modest annual rate of 2.2 percent in the fourth quarter, less than half the third quarter's torrid 5 percent rate and weaker than the government first reported. While the sharp slowdown seems troubling on the surface, economists say it's actually nothing to worry about. They remain optimistic that the country is finally...

  • NEW YORK, Feb 27- Wall Street stocks fell slightly on the last trading day of February as weak U.S. growth data made investors cautious, while European shares broke multi-year records ahead of the European Central Bank's injection next month of 60 billion euros to spur growth. On Wall Street, the Dow Jones industrial average was down 35.93 points, or 0.20 percent, at...

  • WASHINGTON, Feb 27- U.S. economic growth braked more sharply than initially thought in the fourth quarter as businesses slowed their pace of stock accumulation and the trade deficit widened, but the underlying fundamentals remained solid. Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month,...

  • *J.C. Penney tumbles after earnings. NEW YORK, Feb 27- U.S. stocks held near the unchanged mark shortly after the open on Friday, following data on economic growth and ahead of a report on consumer sentiment. said Tim Ghriskey, chief investment officer of Solaris Group in Bedford Hills, New York.

  • US STOCKS SNAPSHOT-Wall St opens flat after GDP data Friday, 27 Feb 2015 | 9:31 AM ET

    NEW YORK, Feb 27- U.S. stocks opened flat on Friday, with major indexes on track for a fourth week of gains, following data on economic growth and ahead of a report on consumer sentiment.

  • *Fourth-quarter growth revised down to 2.2 percent rate. WASHINGTON, Feb 27- U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a slow pace of stock accumulation by businesses and a wider trade deficit, but the underlying fundamentals remained solid. Gross domestic product expanded at a 2.2 percent annual pace, revised...

  • US economic growth in Q4 revised down to 2.2 percent Friday, 27 Feb 2015 | 8:34 AM ET

    WASHINGTON— The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit. The Commerce Department said Friday that the economy as measured by the gross domestic product grew at an annual rate of 2.2 percent in the October-December quarter, weaker than the...

  • WASHINGTON, Feb 27- U.S. economic growth braked more sharply than initially thought in the fourth quarter amid a slow pace of stock accumulation by businesses and a wider trade deficit, but the underlying fundamentals remained solid. Gross domestic product expanded at a 2.2 percent annual pace, revised down from the 2.6 percent pace estimated last month, the...

  • *J.C. Penney tumbles after earnings. NEW YORK, Feb 27- U.S. stock index futures were little changed on Friday, with major indexes on track for a fourth week of gains, ahead of readings on economic growth and consumer sentiment. *Later in the session at 10:00 a.m., the University of Michigan's final February reading on consumer sentiment is expected, along with pending...

  • Georgia's GDP growth slows to 0.5 pct in Jan yr/yr Friday, 27 Feb 2015 | 7:17 AM ET

    TBILISI, Feb 27- Georgia's gross domestic product growth slowed down to 0.5 percent in January 2015 from 7.8 percent a year ago, the National Statistics service said on Friday. Georgia has also suffered a decline in exports and foreign investment and the government deficit is rising. Georgia may halve its economic growth forecast for this year to 2.0-2.5...

  • Armenia's GDP growth slows to 3.4 pct in 2014 Friday, 27 Feb 2015 | 7:16 AM ET

    YEREVAN, Feb 27- Armenia's gross domestic product growth slowed to 3.4 percent in 2014 from 3.5 percent in 2013, and was down from an initially projected 5.2 percent, the National Statistics Service said on Friday. It also belongs to Russian President Vladimir Putin's Eurasian Union, a bloc he hopes will rival the European Union. The International Monetary Fund...

  • Ahead of the Bell: US economy-GDP Friday, 27 Feb 2015 | 6:56 AM ET

    WASHINGTON— The Commerce Department issues its second of three estimates of how fast the U.S. economy grew in the October-December quarter. The report will be released Friday at 8:30 a.m. Eastern. SLOWER GROWTH: The expectation is that the overall economy grew at an annual rate of 2.1 percent in the fourth quarter, according to a survey of economists conducted...

  • Greenspan: Effective demand weak as Depression-era Thursday, 26 Feb 2015 | 6:03 PM ET
    Alan Greenspan

    Effective demand is extraordinarily weak, probably tantamount to the later stages of the Great Depression, Alan Greenspan said.

  • TANZANIA SAYS GDP GROWTH SLOWED TO 6.8 PCT YR/YR IN Q3 2014 VS A REVISED 7.4 PCT IN SAME PERIOD OF 2013.

  • MUMBAI, Feb 26- Standard& Poor's sharply raised India's growth forecasts for the next several years to reflect a recent change in how gross domestic product is calculated by the government, and said the economy should be a "bright spot" in Asia. The revisions come after India this month changed the way it measures Asia's third-largest economy.

  • TOKYO, Feb 26- Bank of Japan Governor Haruhiko Kuroda said on Thursday there was no ceiling on how much the central bank would expand its balance sheet relative to the size of the country's gross domestic product. Kuroda also said a median forecast of the BOJ's nine board members produced in January, which is for core consumer inflation to hit 2.2 percent in fiscal...

  • Hong Kong's economy grows 2.2% in fourth quarter Wednesday, 25 Feb 2015 | 12:25 AM ET

    Hong Kong's economy grew 2.2 percent in the fourth quarter of 2014, financial secretary John Tsang said in his annual budget speech on Wednesday.