The U.S. economy is still gripped between sluggish growth and persistent inflation threats, revealed new government data released on Tuesday. Labor costs soared in the final quarter of last year due to bonuses awarded to high-income workers, which has certainly raised inflation threat to the promine[...]
Archive for May, 2012
May 31st, 2012 - 1:58 pm § in News Of Economy
US productivity declines sharply in final quarter, rising labor costs sends worrisome signal
May 31st, 2012 - 1:58 pm § in News Of Economy
US Factory orders plunge could upset economic recovery
Orders placed with U.S. factories declined sharply to mark the biggest in more than six years in January. The recent plunged has made weakness in manufacturing sector explicit as companies worked off bloated inventories. In fact, factory orders fell by 5.6 percent after a 2.6 percent gain in Novembe[...]
May 31st, 2012 - 1:57 pm § in News Of Economy
US Treasury Secretary Paulson says global economy is strong
When it comes to global finance, United States not only dominates the global markets but other countries are equally eager to listen what Bush administration has to say on the issue. Struggling with sluggish growth rate and mounting inflation threat at home the bush administration has appointed Henr[...]
May 30th, 2012 - 1:57 pm § in News Of Economy
Greenspan sees one-third chance of recession in US economy
Former Federal Reserve chairman, Alan Greenspan, has once again risked rousing renewed controversy recently when he told the Bloomberg news agency that there was a ‘one-third probability’ of a US recession this year. Speaking to the agency Alan Greenspan said, ‘there’s a one-[...]
May 30th, 2012 - 1:55 pm § in News Of Economy
US files case with WTO against India in alcohol dispute
The Bush administration has recently filed a trade case against India in a dispute over tariffs India imposes on American wine and distilled spirits. The case was filed with the World Trade Organization that contends that India is imposing tariffs ranging as much as 550 percent on imports of U.S. wi[...]
May 30th, 2012 - 1:54 pm § in News Of Economy
Paulson urges China to Speed up capital market cooperation and reforms
The U.S. Treasury Secretary Henry Paulson has said China risks wasting trillions of dollars in resources and lost economic potential unless it rapidly opens its capital markets. He further said in a speech delivered in Shanghai that China should open its financial sector further to foreign competiti[...]
May 29th, 2012 - 1:53 pm § in News Of Economy
China introduces its first property law
Chinese lawmakers almost doing away with its rhetoric of communist egalitarianism have formally introduced much debated law to protect private property. The Chinese authorities have stated that personal wealth in an increasingly prosperous China requires legal safeguards. China’s National Peop[...]
May 29th, 2012 - 1:53 pm § in News Of Economy
Gates warns on US immigration policies
Microsoft chairman Bill Gates warned Congress on Wednesday that warned that restrictions on the number of skilled workers allowed to enter the US put the country’s competitiveness at risk. He contended that America’s shortsightedness threatens the nation’s economic future. The rece[...]
May 29th, 2012 - 1:52 pm § in News Of Economy
US, EU forces India to contemplate slashing import duties on wines, spirits
After the EU and the US complained to the WTO about India over high import duties on wines and spirits recently, the Indian government on Wednesday hinted at cutting tariffs. Under increasing pressure from two economic major blocs, India has officially stated that it was open to the idea of reducing[...]
May 28th, 2012 - 1:52 pm § in News Of Economy
China set to end foreign tax breaks, introduces uniform corporate tax
China’s national legislature initiated deliberations on a proposed corporate law that would progressively equalize corporate taxes on foreign and domestic corporations. The recent measures, including path-breaking bill on property law, have been undertaken to protect private wealth, construct [...]