A lethargic first quarter economic growth compelled the Bush administration to lower its US economic growth estimate for 2007. The White House has announced that it expects real gross domestic product to expand 2.3 percent this year, against its...
Archive - June 2007
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Europe is growing faster then the United States and the economies within the euro-zone are lively. This has led to fears of a higher inflation in the near future. The European Central Bank, responding to such concerns, has raised the benchmark...
After receiving severe criticism for tainted food and counterfeit drugs export, China has decided to harsh on its food and drug safety regulations.
State Council, the country's highest administrative body announced to introduce new nationwide...
The US worker productivity grew at a slower pace than the government initially estimated in the first quarter, driving up labor costs and strengthening concerns about inflation. The US Labor Department has reported that the productivity in the...
Central bank chiefs from the U.S., Europe and Japan, warned yesterday that the current favorable economic conditions around the world would not last forever. They cautioned investors to keep the transient nature of economic cycles in mind while...
Chinese stocks have finally slipped up, or so it seems. The Chinese stock markets fell again on Monday, plunging more than 8 per cent.
The Shanghai stock market index 'CSI' fell 8.3 per cent Monday, marking its sharpest decline since the February..
The US businesses boosted their capital spending in April as new orders for manufactured durable goods to American factories increased by 0.3 percent in April, marking the fifth gain in the last six months, the Commerce Department reported on Monday..
Chinese stocks nose-dived as nervous investors dumped shares amid uncertainties about further possible governmental actions to dampen the market following a stamp tax hike. However, market recovered quickly showing no sign of cooling down of...
The British has come up with new measures to answer a multi-billion pound tax scam known as the ‘carousel fraud’ in the British media. The new policy branded as ‘reverse charge’ is set to change the way import and export of...
The US economy strengthened in May, as a robust job growth encouraged consumers to give a boost to their spending regardless of the housing slump and high energy prices. According to a new data released recently, employers added nearly twice the...
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