SYDNEY, Aug 1- Activity in China's vast factory sector expanded at the fastest pace in 27 months in July, while industry surveys across Asia showed a pick up in export orders that hinted at a long-awaited revival in global trade. The upbeat result was echoed in the HSBC/ Markit China measure of manufacturing which climbed to an 18- month peak of 51.7, from June's 50.7.» Read More
There are downside risks to euro zone growth and the European Central Bank will remain flexible on interest rates, Governing Council member Yves Mersch was quoted as saying on Wednesday.
Oil slid more than $2 to below $90 on Wednesday, for the first time since mid-December, due to a large rise in crude stocks in the United States amid signs that slowing U.S. economic growth will erode fuel demand.
Asian markets took a severe beating Wednesday on growing concern the U.S. economy would slump into a prolonged recession. Hong Kong's Hang Seng ended 5.4 percent lower and Japan's Nikkei index plunged over 3 percent. Even the best performing of the benchmark indexes, the Bombay Sensex, suffered a loss of 1.8 percent.
British house prices fell in December at their fastest rate since the recession of the early 1990s, a survey showed on Wednesday, raising fears the country's once buoyant housing market is heading for a sharp downturn.
Australian consumer sentiment soured in January as rising petrol prices and borrowing costs combined with sliding equities and global gloom to take the gloss off an otherwise robust economy, a survey showed on Wednesday.
Japan's core machinery orders fell less than expected in November while wholesale inflation was higher, but the data did little to alter views the Bank of Japan will hold back on raising interest rates this year.
Received political wisdom is running smack into economic reality. It’s not yet clear which force will prove more powerful. For presidential contenders, the collision takes place in Michigan, Nevada and South Carolina.
As crude hit $100 a barrel, I thought about slapping a “For Sale” sign on my car rather than taking one more painful trip to the gas station. I hear wonderful things about public transportation. Meeting new people, smelling new smells.
Anecdotal evidence that the U.S. consumer's marathon spending spree may be slowing to a trot increases daily. By some measures, the U.S. consumer makes up about 19 percent of the world economy and 70 percent of the U.S. economy, so the health of American consumption is key.
Oil fell more than $2 a barrel to belwo $92 on Tuesday after data showed a decline in U.S. retail sales, adding to concern that the world's top fuel consumer is heading into a recession.
European markets ended sharply lower Tuesday, tracking U.S. stocks, which were dragged down by weak retail sales and an announcement by Citigroup of a bigger-than-expected fourth-quarter loss of $9.83 billion.
The dollar Tuesday fell to its lowest against the yen since June 2005 and extended declines against the euro after U.S. retail sales data provided further evidence an economic slowdown was spreading to the consumer.
Northern Rock threatens to withhold coffee unless angry shareholders wrap things up on time. Metaphors of dogs on leashes and captains of ships fly, as a beleaguered chairman faces the silky eloquence of activist investors.
Asian markets reversed gains, finishing in negative territory Tuesday with both Japan and South Korea closing down 1 percent and Hong Kong losing 2.4 percent . The Nikkei sank below the key 14,000 support level while the KOSPI finished at five-month lows.
Strong trade and investment powered the German economy to its second straight year of robust growth in 2007, preliminary data showed on Tuesday, but Europe's largest economy is expected to slow this year.
British annual consumer price inflation held at 2.1 percent as expected in December, above the Bank of England's target for the third month running, official data showed on Tuesday.
The U.S. economy is probably in a recession or about to slide into it, former U.S. Federal Reserve Chairman Alan Greenspan said in an interview with The Wall Street Journal.
China's central bank has set a target of capping new domestic-currency lending in 2008 at last year's level of 3.63 trillion yuan, state media reported on Tuesday.
Oil ended above $94 per barrel on Monday, halting a three-day losing streak, amid a wider commodities rally -- and as the dollar's weakness and tensions involving Iran countered worries of a global economic downturn.
After 2 days of watching a slew of new models be introduced at the Detroit Auto Show, some impressions. 1. The Nissan GT-R is even more spectacular in person than I thought it would be. it a Corvette "killer" that will replace the American sports car as the speedster that delivers the best bang for the buck?
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