LONDON/NEW YORK, June 21 (Reuters) – Factory output in China
weakened to a nine-month low in June while U.S. manufacturing
closed out its worst quarter in the last four, suggesting the
road to recovery for the world economy remained an uneven one.
A day earlier, the Federal Reserve said the U.S. economy was
expanding strongly enough for the central bank to begin slowing
the pace of its stimulative bond purchases later this year.
NEW YORK, June 14 (Reuters) – Foreign investors dumped U.S.
government debt in April and were net sellers of all long-dated
U.S. securities for the third consecutive month, the U.S.
Treasury said on Friday.
Selling was heavily concentrated in Treasury bonds and
notes, with overseas investors unloading $54.5 billion, the
first net outflow in seven months. Private investors alone sold
$30.8 billion – the largest one-month outflow on record.
MUNICH (Reuters) – Central banks independence is currently increasingly under threat and central banks are partly to blame for the situation, European Central Bank Governing Council member Jens Weidmann said on Thursday.
Central banks meddling in fiscal policy weakens their ability to take care of their main task of keeping inflation low, he added, a day after a round of hearings to the ECB’s bond-buying program ended at the German constitutional court.
NEW YORK (Reuters) – Walt Disney Co last week hiked single-day admission prices at its U.S. theme parks by up to 9.6 percent, the fifth increase since 2009. But other U.S. companies might want to think twice before following suit.
Just ask Kohl’s Corp.
The department store chain raised prices two years ago only to see shoppers take their business elsewhere. It has been struggling to make up lost ground ever since and recently said it would ramp up advertising to lure customers back.
NEW YORK, June 12 (Reuters) – Walt Disney Co last
week hiked single-day admission prices at its U.S. theme parks
by up to 9.6 percent, the fifth increase since 2009. But other
U.S. companies might want to think twice before following suit.
Just ask Kohl’s Corp.
The department store chain raised prices two years ago only
to see shoppers take their business elsewhere. It has been
struggling to make up lost ground ever since and recently said
it would ramp up advertising to lure customers back.
NEW YORK/LONDON (Reuters) – Manufacturers in the United States, China and Europe struggled last month as demand fell, suggesting an ailing world economy that still needs a steady diet of central bank support.
Output at U.S. factories declined in May for the first time in six months, the Institute for Supply Management reported, while China’s massive manufacturing sector shrank for the first time in seven months, adding to concerns that the world’s two largest economies were losing momentum in the second quarter.
LONDON/NEW YORK, May 23 (Reuters) – Chinese factory activity
declined in May for the first time in seven months and U.S.
manufacturing grew at its slowest clip since October, suggesting
it may take a while before the global economy starts to pick up
Thursday’s downbeat business surveys from the world’s top
two economies, however, may not assuage some of the market fears
stoked this week by Federal Reserve Chairman Ben Bernanke, who
hinted that the U.S. central bank could soon scale back monthly
bond purchases provided the economy maintained recent momentum.
NEW YORK, May 16 (Reuters) – U.S. companies are hiring more
workers and home prices, stock markets and energy production are
climbing. But a sudden narrowing in the U.S. budget deficit
could trump all that – and provide another leg up for U.S. asset
The Congressional Budget Office on Tuesday slashed its
budget deficit forecast for the current fiscal year ending Sept.
30 to $642 billion, a massive $203 billion cut from its estimate
MUNICH, Germany (Reuters) – A 38-year-old German woman charged with complicity in a series of racist murders played a key role in creating an air of normality around her neo-Nazi cell, a prosecutor said on Tuesday.
The case of Beate Zschaepe and the National Socialist Underground (NSU), the group blamed for the murders of eight Turks, a Greek and a German policewoman, has scandalized Germany and exposed an institutional blind spot for far-right extremism.
NEW YORK/WASHINGTON (Reuters) – When David Pendery, a corporate public relations specialist, decided to move his family from Colorado to Illinois this year for work, his biggest worry was whether he would be able to sell his home quickly.
It took just three days.
“We certainly thought selling our house would take longer,” said Pendery, who started in February at Kerry Ingredients, a flavoring provider for the food and beverage industries.