Economic News

U.S. stocks were under mild pressure Friday as investors monitored a sharp decline in the U.S. dollar and kept an eye on the retail sector on the starting day of the holiday shopping season. The Dow Jones Industrial Average (DJI) last was down 30 points at 12,296. The S&P 500 index (SPX) and the Nasdaq Composite (RIXF) were down 2 points at 1,403, and down almost 2 points at 2,464, respe ...

U.S. stocks were lower Friday morning, after a steep decline in the dollar rattled investors. Trading volume was low ahead of an early market closing. The Dow Jones Industrial Average (DJI) last was down 29 points at 12,297. Within the Dow industrials, only four stocks were higher; Alcoa Inc. (AA) , General Motors Corp. (GM) , AT&T Inc. (T) and Verizon Communications (VZ) . The S& ...

This is Money24 November 2006 The pound surged to its highest level against the dollar for nearly two years today as investors piled into sterling. GETTING STRONGER: £50 is currently worth £96.50 on the money markets WANT TO KNOW MORE? 30-second guide to . . . exchange rates Banks in foreign currency rip-off How to move money abroad OTHER STORIES CSN boss lines up Corus bid Market report: Friday latest Market report: Yesterday's trading Rip-off ruling ro ...

(Updating with additional) LONDON (AFX) - UK GDP growth in the third quarter was left unrevised at 0.7 pct from the previous quarter despite a slowdown in household spending, official figures confirmed today, Analysts polled by AFX News had correctly expected no change. Figures released by the office for National Statistics also showed that the UK economy grew at a constant 0.7 pct rate for fou ...

UK economic growth was confirmed at 0.7% in the third quarter, meaning that Chancellor Gordon Brown is likely to raise his growth forecast for 2006. Office of National Statistics (ONS) data revised the annual growth rate down slightly to 2.7%, above the Chancellor's forecast of 2.0-2.5%. He is expected to revise his forecast in his Pre-Budget Report on 6 December. On a worrying note ahead of Christmas, the ONS said consumer spending growth had halved from the previous quarter. Retail sales w ...

LONDON (AFX) - UK GDP growth in the third quarter was left unrevised at 0.7 pct from the previous quarter despite a slowdown in household spending, official figures confirmed today, Analysts polled by AFX News had correcty expected no change. Figures released by the office for National Statistics also showed that the UK economy grew at a constant 0.7 pct rate for four quarters in a row going bac ...

BEIJING (XFN-ASIA) - Maintaining a spread between Chinese domestic and international interest rates, and not controlling economic activity, is central to the People's Bank of China's liquidity management policy, a senior Chinese central bank official said. People's Bank of China vice governor Wu Xiaoling told a conference here that efforts by the PBoC to drain liquidity from the interbank market  ...

- (Adds further details from speech) TOKYO (XFN-ASIA) - Bank of Japan board member Toshikatsu Fukuma said the central bank will make monetary policy decisions "cautiously" by looking at various economic data and keeping in touch with market participants. Fukuma also said in a speech to a business community in Mito City, east of Tokyo, that the bank has "no predetermined view" ...

TOKYO (XFN-ASIA) - Bank of Japan board member Toshikatsu Fukuma said the central bank will make monetary policy decisions "cautiously" by looking at various economic data and keeping in touch with market participants. Fukuma also said in a speech to a business community in Mito City, east of Tokyo, that the bank has "no predetermined view" about what policy action to take in t ...

(adds details) LONDON (AFX) - The commons Treasury select committee said it will conduct a forward and backward-looking inquiry into the Bank of England's Monetary Policy Committee, a decade after it was established. The committee said it is looking at four areas: economic context, monetary policy framework, the MPC as a body, and the mechanics of setting and implementing monetary policy. It wa ...