*China and euro zone PMIs in focus. BRUSSELS, Feb 1- The Federal Reserve's upgraded view that growth in the world's biggest economy is "solid", and so capable of withstanding an interest rate rise this year, will be put to the test by U.S. jobs data this week. Ructions over Greece's new anti-austerity government will also continue to grip markets, and could overshadow...» Read More
Core inflation in Australia accelerated to its fastest annual pace in 17 years last quarter as the cost of fuel, financing and rents all climbed, suggesting interest rates would have to stay high for some time to come.
Oil's trend lower has whipped up buying in stocks and could do the same Wednesday, if a string of major blue chips' earnings don't disappoint before the opening bell.
Oilman T. Boone Pickens says he's pushing his alternative energy proposal to Congress not because he wants to make money through his own businesses, but because he knows how to solve the nation's energy problem.
U.S. consumers are going to continue to feel pain until housing prices stabilize, even though global growth remains mostly strong, General Electric Chairman Jeff Immelt said.
First I have to apologize. I honestly thought this was something of a stunt. I got a press release from the Neighborhood Assistance Coalition of America (NACA) last week about a 5 day event they would be holding in DC to help troubled borrowers restructure their loans.
To fend off inflation, the Federal Reserve probably will need to boost interest rates "sooner rather than later" even if employment and financial conditions haven't revived, the president of the Federal Reserve Bank of Philadelphia said Tuesday.
Treasury Secretary Henry Paulson said America's housing market could turn a corner and begin recovering within months, but it will take longer to resolve all housing-related problems.
The Asian Development Bank said on Tuesday that central banks in East Asia were moving too slowly to combat the threat of quickening inflation, which it warned seemed to be seeping into the broader economies of the region.
Early on, sellers were offering a flat screen with a sale, maybe even a one-year car lease. A month ago I started hearing about builders giving away gas cards if you come for a look. Now one developer is offering a smart-car with the sale, just to ease your fears of buying a home too far from public transportation.
As losses mount at American banks and the pain of the credit crisis spreads from housing and finance to the broader economy, many small companies complain it is increasingly difficult to obtain loans.
The U.S. economy needs months to recover from its slowdown, but the banking system remains sound despite a home mortgage crisis that could cause more problems, Treasury Secretary Henry Paulson said.
The British economy is heading into recession and interest rates should fall to "well below" their current 5 percent, Bank of England policy-maker David Blanchflower was quoted as saying in a newspaper interview.
The U.S. economy may have avoided a recession but will grow below trend for some time as firms face higher prices for a range of goods that will cut into profits, according to a panel of economists surveyed.
Australia's producer prices rose by less than expected last quarter thanks to falling costs for a range of imported goods, perhaps lessening the risk of an alarmingly high reading for consumer inflation later this week.
Stocks are casting a wary eye on oil and, lacking any dramatic events, earnings news could steer the market.
Federal Reserve can not wait until financial and housing markets stabilize before raising interest rates, Minneapolis Fed President Gary Stern said in an interview with Bloomberg on Friday.
Raising capital is obviously the necessary move here, if they can, because if they can’t, then they’ll have to take the government up on its offer of cash, and that would come out of yours and my pockets.
The euro zone posted an unadjusted trade deficit much wider than expected in May as imports grew at more than double the rate of exports, data showed on Friday.
Euro zone economic growth is likely to be weak in the second and third quarters before staging a recovery, and second-round inflation effects need to be prevented, ECB President Jean-Claude Trichet said.
Bank of Japan Governor Masaaki Shirakawa said on Friday the central bank was putting equal focus on inflation and downside risks to the economy, reinforcing the view that interest rates will stay on hold at least for the rest of this year.