Confronting Wall Street's expectations, consumer spending spiked in February as income levels rose, revealed a report. According to the figures consumers' spending and income showed bigger-than-expected gains in February, and construction showed...
Archive - March 2007
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The Bush administration, confronting intense pressure to tackle soaring trade deficits, has decided to impose economic sanctions against China to protect American paper producers from unfair Chinese government subsidies. The U.S. Commerce...
The United States and South Korea extended their free-trade talks deadline by 48 hours to reach agreement after failing to resolve difficult issues at negotiations on Friday. Automobiles, agriculture and pharmaceuticals are among the chief...
Robust demand for ethanol and feeble spring weather are expected to keep corn prices high over the next few months, despite of the fact the government has estimated that this year's corn crop could be the largest since 1944. Encouraged by a booming..
Senior negotiators from South Korea and the United States have entered the final full day of free trade talks on Friday, in quest to resolve the remaining hindrance for an agreement before a weekend deadline. As the deadline increasingly becoming..
US economic growth was moderately stronger in the fourth quarter than previously anticipated, mainly as businesses added more to inventories than was expected a month ago, the commerce department reported. Gross domestic product (GDP) grew at an..
United Auto Workers President Ron Gettelfinger has said that the controversial 'Jobs Bank,' which pays laid-off workers at Detroit's Big Three auto makers near-full wages and benefits, should not be a major issue in this summer's highly...
US stocks lost more ground after Federal Reserve Chief Ben Bernanke highlighted risks to US economic growth and signaled a steady hand on interest rates. Shares of some of the biggest US corporations, General Motors, retailer Wal-Mart and Boeing fell,...
US consumer confidence declined unexpectedly in March from a five-year high amid oil price hike, volatile stock market and the housing recession showing few signs of ending. The New York-based Conference Board index for March fell to 107.2 from 111.2.
Asia's developing economies has accumulated a threateningly huge foreign reserve of $2,280 billion, which unless being put on better use, could have serious impact on over all Asian economy, says Asian Development Bank. The Manila based bank has...
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