ZURICH, March 12- A nascent economic recovery in Europe helped Adecco, the world's largest staffing agency by sales, beat fourth-quarter profit forecasts and increase revenue for the first time in seven quarters.» Read More
PHILADELPHIA, Jan 3- The U.S. In what came as a surprise to some, the Fed decided last month to cut its asset-purchase program, known as quantitative easing, or QE, by $10 billion to $75 billion per month.
Six years later, why does it feel like the recession never really ended?
WASHINGTON, Dec 23- U.S. consumer sentiment and spending both hit five-month highs heading into the end of the year, the latest sign of sustained strength in the economy and fostering hopes of a strong 2014..
In comments posted on his website less than 48 hours after he cast his lone dissent against the decision, Boston Federal Reserve Bank President Eric Rosengren said he expects the U.S. economy to continue to strengthen and for growth to be close to 3 percent next year.
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.