The Obama administration announced Friday it will delay a scheduled report on whether China is manipulating its currency to gain trade advantages until after upcoming meetings with world leaders next month.
Instead of putting out a report, the Treasury Department issued a statement praising China for letting the yuan appreciate by roughly 3 percent since June [...]
Posts Tagged ‘U.S. markets’
Administration delays China currency report
October 15th, 2010 by Financial Writer
Tags: Chinese economy, economy recovery, Global Economy, U.S. markets
more...Personal Spending Report Tempers U.S. Indexes
May 28th, 2010 by Financial Writer
American indexes opened lower on Friday, the last day of the month and the last before a three-day weekend.
In the United States, a mixed report on consumer spending and personal income tempered the open.
The Commerce Department reported that consumer spending was unchanged in April while personal incomes rose 0.4 percent. Both numbers were less than [...]
Tags: businesses, consumers, Dow Jones Industrial, economic recovery, euro zone, european stocks, financial markets, Global Economy, investors, stock market, U.S. markets, us economic, wall street
Economic outlook is cautious even with spending up
May 3rd, 2010 by Financial Writer
WASHINGTON — Factories are churning out more goods. Consumers are spending. Government aid is fueling construction activity. But stagnant pay and weak hiring will likely restrain the economic rebound in coming months.
That cautionary picture emerged from a series of economic reports Monday.
Consumers stepped up their spending in March by the largest amount in five months. [...]
Tags: businesses, commerce department, economy, housing market, inflation, money, recession, U.S. markets, unemployment rate, us economy
TSX and U.S. markets fall
July 28th, 2009 by Financial Writer
The benchmark S&P/TSX composite index was down more than 190 points in early afternoon trading Tuesday.
Every sub-index had fallen, with the biggest drops in gold, mining, materials and energy.
One month TSX trading The composite was at 10,577 at 1:30 p.m. ET. However, it had been even lower, touching 10,521 shortly before noon.
In the United States, [...]
Tags: Canada, markets fall, TSX, U.S. markets
Asian Equity markets fall
July 6th, 2009 by Financial Writer
Most Asian markets fell Friday as a weaker-than-expected U.S. jobs report signalled more pain ahead for the world’s largest economy.
Losses across Asia were somewhat tame compared to Wall Street, where markets pulled sharply lower. Oil prices edged higher after tumbling overnight, while the dollar was flat against the yen.
Optimism about the U.S. economy, a critical [...]
Tags: Asian Equity markets, Asian stocks fall, markets fall, U.S. markets