Canadian economy shrinks at slower 3.4 pct pace in 2Q, expands in month of JuneTORONTO — The Canadian economy contracted at a 3.4 percent annual pace in the second quarter, an improvement from the first three months of the year, the government said Monday. Canadian economy shrinks 3.4 percent in the second quarterTORONTO — The Canadian economy contracted at a 3.4 percent annual pace in the second quarter, an improvement from the first three months of the year, the government said Monday. India’s economy grows faster in April-June quarter but drought threatens recoveryMUMBAI, India — India’s economy picked up pace in the latest quarter as government spending helped to overcome the worst of the global downturn but drought threatens to stall the recovery. With market rally on hold, traders seek signs of actual economic growthCHARLOTTE, N.C. — While investors go into the new week believing the economy is indeed emerging from recession, they still need to see more solid evidence of a rebound. Flat household incomes raise doubts about recovery as consumers deal with weak job prospectsWASHINGTON — Household income in the United States is essentially stagnant, raising doubts about whether consumers already hurt by job losses can sustain an economic recovery. Poised for victory, Japan’s opposition party pushes new economic model for countryTOKYO — In one of the most heated political contests in recent memory, Japan’s opposition party is courting voters with an enticing promise: monthly cash for kids. Consumer spending edges up in July with help from Cash for Clunkers, but incomes are flatWASHINGTON — Consumer spending edged up in July with help from the popular Cash for Clunkers program, but household incomes, the fuel for future spending increases, were flat. Consumer spending, income data may be latest hints that long recession losing its gripWASHINGTON — Evidence is mounting that the longest recession since World War II is losing its grip on the U.S. economy. Metals end mixed as economy shrinks less than expected for 2Q; Natural gas tumbles, oil risesNEW YORK — Commodities prices posted mixed results Thursday as investors made small bets on an improving economy. Gains in financials help stocks erase early losses and finish higher; Dow rises for eighth dayNEW YORK — The stock market’s rally plodded along Thursday, sustained by gains in financial and industrial shares. Summary Box: Plunge in GDP slows in spring while jobless claims dip slightly last weekECONOMY SHRINKS: The gross domestic product, the total output of goods and services, dropped at an annual rate of 1 percent in the April-June quarter. The number of newly laid-off workers filing for unemployment benefits dropped slightly to 570,000 last week. Gains in financials help stocks erase early losses and move higherNEW YORK — The stock market is clinging to its recent rally, overcoming early losses and moving slightly higher. Stocks put brakes on recent rally, mostly falling after GDP and weekly unemployment reportsNEW YORK — Investors are putting the brakes on the market’s recent rally despite more signs that the economy might be stabilizing. Economy’s small drop in 2Q hints recession ending, but strength of recovery remains a concernWASHINGTON — Further evidence the recession is ending came in a report Thursday confirming that the economy shrank at an annual rate of just 1 percent in the spring. Stocks put brakes on recent rally, selling off after GDP and weekly unemployment reportsNEW YORK — Investors are putting the brakes on the market’s recent rally despite more signs that the economy might be stabilizing. Stocks put brakes on recent rally, tumble after GDP, weekly unemployment reportsNEW YORK — Investors are putting the brakes on the market’s recent rally despite more signs that the economy might be stabilizing. Stocks little changed at open after GDP, weekly unemployment reportsNEW YORK — Stocks are wavering in early trading despite new reports on unemployment and gross domestic product that showed the economy might be stabilizing. Stocks drift lower after GDP, weekly unemployment reports do little to spur buyingNEW YORK — Stocks are having trouble holding on to recent gains, despite more signs that the economy might be stabilizing. Stock futures point to modestly higher open after GDP, weekly unemployment reportsNEW YORK — Stock futures are modestly higher Thursday after new reports on unemployment and gross domestic product showed the nation’s economy might be stabilizing. Stock futures trading in narrow range after GDP, weekly unemployment reportsNEW YORK — Stock futures are continuing to show little movement after new reports on unemployment and the nation’s economy. GDP shrinks 1 percent in 2nd quarter, better than expected and unchanged from initial estimateWASHINGTON — The economy shrank at an annual rate of 1 percent in the spring, a better-than-expected showing and more evidence that the recession is drawing to a close. Wall Street analysts expect economy shrank faster than previously estimated in 2nd quarterWASHINGTON — Wall Street analysts expect the economy improved in the second quarter — just not as much as the government said at first. Philippine economy avoids recession in 2Q as mining, construction, gov’t spending spur growthMANILA, Philippines — The Philippine economy expanded 2.4 percent in the second quarter, skirting recession as construction and mining combined with government and private spending spurred growth, officials said Thursday. Durable goods orders increase by most in 2 years in July, driven by autos and aircraftWASHINGTON — Orders for durable goods rose last month by the largest amount in two years, as the manufacturing sector rebounded from the depths of the recession. Data suggest Europe, Asia improving; China leader cautions world economy faces ‘difficulties’LONDON — Economic data gave more evidence Monday that Europe and Asia are on the mend, while a top Chinese leader cautioned against blind optimism and said the world economy still faced “many new difficulties.” World stock markets jump after Fed chairman’s comments, housing data; Tokyo up over 3 pctHONG KONG — World stock markets jumped Monday as upbeat comments from the Federal Reserve’s chairman and signs the U.S. housing industry was healing strengthened confidence in a global recovery. Recovery in Asia, Europe gain steam, but questions persist whether gains will holdWASHINGTON — Turnabouts in European and Asian economies, along with recent gains in the U.S., are raising hopes that the worldwide recession is drawing to a close. That’s not to say the coast is clear. Recovery in Asia, Europe gain steam, but fueled by stimulus spending and may not holdWASHINGTON — Turnabouts in European and Asian economies, along with recent gains in the U.S., are raising hopes that that the worldwide recession is drawing to a close. That’s not to say the coast is clear. AP sources: White House to project $2 trillion higher deficit over next decadeWASHINGTON — The Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated, White House officials said Friday, a setback for a president already facing a Congress and public wary over spending. Weak job market could dampen consumer spending and hold back an economic recoveryWASHINGTON — The job market is thawing at a snail’s pace, raising doubts about whether consumer spending will become vigorous enough to sustain an economic recovery anytime soon. |
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