SHANGHAI — The cost of doing business in China is going up.
Coastal factories are raising salaries, local governments are hiking minimum wage standards and if China allows its currency, the renminbi, to appreciate against the U.S. dollar later this year, as many economists are predicting, the cost of manufacturing in China will almost certainly rise.
Although [...]
Archive for June, 2010
Changes in China Could Raise Prices Worldwide
June 7th, 2010 by Financial Writer
Tags: businesses, china business, china's manufacturing, economists, financial, financial system, Global Economy, global financial crisis, housing market, inflation, money
more...Economy growing slowly but steadily
June 5th, 2010 by Financial Writer
The headlines right now are ominous — from the European debt crisis to a gargantuan gulf oil spill to renewed political tensions in several corners of the world. Financial markets have faltered as a result.
But the U.S. economic recovery is still plugging along.
That is the message from the latest wave of economic data, including several [...]
Tags: businesses, debt crisis, economy, economy recovery, euro zone, european economy, Federal Reserve, financial, financial markets, unemployment rate, us economic recovery, USA
Stocks fall on jobs report and euro
June 4th, 2010 by Financial Writer
Stocks slumped Friday after a government report showed employers added fewer jobs than expected last month and the euro plunged to a new 4-year low, reviving worries about the health of the European economy.
The Dow Jones industrial average (INDU) lost 200 points, or 1.9%. The S&P 500 index (SPX) gave up 21 points, or 2%. [...]
Tags: Dow Jones Industrial, economy recovery, european economy, european markets, financial, financial stocks, Nasdaq composite, stock market, unemployment rate, united technologies, us economy, us stocks
Stocks extend a run
June 3rd, 2010 by Financial Writer
Stocks gained Thursday, building on the previous session’s advance, as investors looked past some weaker-than-expected economic news and focused on recovery hopes.
The Dow Jones industrial average (INDU) gained 46 points, or 0.4%. The S&P 500 index (SPX) rose 5 points, or 0.5% and the Nasdaq composite (COMP) gained 13 points or 0.6%.
On Wednesday, stocks bounced [...]
Tags: businesses, Dow Jones Industrial, economic, economists, european economy, financial markets, Global Economy, Nasdaq composite, stock bounce, stock market, unemployment
Gold slips below $1,220 but investment supports
June 2nd, 2010 by Financial Writer
Gold slipped below $1,220 an ounce in Europe on Wednesday as investors cashed in some of the previous session’s gains, but investment demand for the metal as a haven from risk is expected to continue to underpin prices.
The dollar strengthened and equity markets slipped as persistent fears the euro zone’s debt crisis could hamper the [...]
Tags: business, debt crisis, economic recovery, euro zone, european economy, european union, financial markets, Global Economy, IMF, investors, us economy
Manufacturing in U.S. Expands Faster Than Forecast
June 1st, 2010 by Financial Writer
Manufacturing in the U.S. expanded in May for a 10th month as factories boosted payrolls to keep up with rising sales here and abroad.
The Institute for Supply Management’s manufacturing gauge fell less than forecast to 59.7 from 60.4 in April, which was the highest level in almost six years. Readings greater than 50 point to [...]
Tags: consumer spending, debt crisis, economic recovery, euro zone, european economy, financial, inventory, stock market, us consumer, us economy, us exporters, us manufactured