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CompareCC News Archive Listing for Economy during 2010-03-01.
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Asia factory output expands, China slows a bit
 
Reuters - Factory activity in Asia's main economies expanded last month, with India and South Korea growing at their fastest pace in around two years although China showed some signs of weakening.
Eurozone unemployment steady at 9.9 percent in Jan
 
AP - Unemployment in the 16 countries that use the euro held steady at 9.9 percent in January for the third month running, official figures showed Monday.
Global factories enjoy bumper February
 
Reuters - Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.
Buffett: Economy on mend, health care big problem
 
Reuters - Warren Buffett said the U.S. economy has passed the worst of its troubles but faces an uneven recovery as consumers keep a tight rein on spending.
Consumer spending up, savings dwindle
 
Reuters - U.S. consumer spending increased slightly faster than expected in January as consumers dipped into their savings amid a small rise in incomes, which could help sustain the economic recovery.
Oil bounces above $80
 
AFP - World oil prices bounced briefly above 80 dollars a barrel on Monday as traders took their cue from the strengthening US economy.
January construction spending slides
 
AP - Construction spending fell for a third straight month in January as a lag in commercial activity such as office buildings and hotels offset a housing rebound.
Fed Vice Chairman Kohn to leave in late June
 
Reuters - Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama a chance to reshape the institution.
Buffett: Health care "tapeworm" drags on economy
 
Reuters - Warren Buffett said 'out of control' health care costs are a 'tapeworm' limiting growth in an economy recovering only fitfully from the financial crisis.
Manufacturing sector grew in February: ISM
 
Reuters - The U.S. manufacturing sector grew in February but at a slower rate than was expected, according to an industry report released on Monday.
Survey suggests Midwest economy improved in Feb.
 
AP - A survey released Monday of business leaders and supply managers in nine Midwest and Plains states suggests the region's economy is set to grow in the coming months, but that there are also signs of inflation.
Economic outlook, merger talk boost U.S. airlines' stock
 
Reuters - Shares of U.S. airlines rose on Monday amid growing sentiment the economy may be on the mend and that the airline industry is poised for mergers.
Oil prices rise but fail to hold above 80 dollars
 
AFP - Oil prices rose on Monday but failed to hold above 80 dollars despite expectations of stronger demand for energy on the back of a recovering US economy, traders said.
Global factories expand in Feb, some rates slower
 
Reuters - Factories around the world enjoyed a bumper February with business surveys showing the manufacturing sector in major economies continued to lead an economic recovery, despite a slowdown in some growth rates.
Obama to name Kohn Fed replacement before end June
 
Reuters - President Barack Obama will nominate a replacement for Federal Reserve Vice Chairman Donald Kohn, who is stepping down from his post, in time for confirmation before Kohn's term ends on June 23, a White House official said on Monday.
Consumer spending up, manufacturing grows
 
Reuters - Consumer spending increased slightly faster than expected in January while the U.S. manufacturing sector grew, underscoring views economic recovery is progressing.
US asks developing nations for 'clarity' on market access
 
AFP - The United States on Monday asked key emerging economies China, India and Brazil to clarify how much they were willing to open their markets under the long-stalled Doha Round of global trade talks.
W.Va. unemployment rate tops 10 percent in January
 
AP - West Virginia's unemployment rate topped 10 percent in January as the number of jobless residents increased by 15,300.
Fed's Kohn to step down
 
Reuters - Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama a freer hand to reshape the institution.
Fannie, Freddie losses underscore dire US housing sector
 
AFP - The US home mortage sector remains under siege -- as recent huge losses reported by government-run Fannie Mae and Freddie Mac show -- from high unemployment and troubled loans.
Fed Vice Chairman Kohn to step down in late June
 
Reuters - Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the central bank, will step down in late June, giving President Barack Obama the opportunity to name a top policy maker.
Highway, jobless aid halt; Congress talks jobs
 
Reuters - Unemployment benefits for hundreds of thousands of jobless people ran out on Monday and highway programs across the United States suspended work after a Republican lawmaker prevented their renewal.
U.S. consumer spending up again
 
Reuters - U.S. manufacturing grew in February, though more slowly than expected, while consumer spending rose for a fourth straight month, showing the economy continued a modest recovery.
IMF says Chinese currency substantially undervalued
 
Reuters - The U.S. dollar is still somewhat overvalued while the Chinese renminbi is substantially undervalued, the International Monetary Fund said on Monday in an assessment of Group of 20 major economies.
US Fed number-two official to resign in June
 
AFP - The number-two official at the US Federal Reserve, Donald Kohn, announced Monday he would resign from the central bank at the end of his term as vice chairman in June.
Maine lobster catch hits record, value goes down
 
AP - Maine lobstermen had a record harvest in 2009, but the value of the catch continued to plunge amid the sour global economy.
Japan's unemployment rate falls in January
 
AP - Japan says the country's unemployment rate fell to 4.9 percent in January.
Jesse Jackson backs tax on financial transactions
 
AFP - US civil rights leader Reverend Jesse Jackson threw his weight Monday behind international calls for a tax on financial transactions to recoup losses from the economic crisis.
Fed's No. 2 to depart
 
Reuters - Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama more scope to reshape the institution.
Winter storms to distort U.S. jobless figures: Summers
 
Reuters - White House economic adviser Larry Summers said on Monday winter blizzards were likely to distort U.S. February jobless figures, which are due to be released on Friday.
U.S. senators eye Fed as home for watchdog
 
Reuters - Two key senators were discussing making the Federal Reserve the home of a proposed U.S. government watchdog office for consumers that has been the main obstacle to bipartisan agreement on financial reform, said sources familiar with Senate discussions on Monday.
Senators mull putting watchdog in Fed
 
Reuters - The possibility of setting up a new financial consumer watchdog within the Federal Reserve was one of a range of options being discussed by members of the U.S. Senate Banking Committee, sources said on Monday.
Volcker sees no threat to dollar as reserve currency
 
Reuters - Paul Volcker, the former Federal Reserve chairman who is advising the Obama administration, said the U.S. dollar's role as the world's reserve currency is likely not in jeopardy, but warned central bankers to keep a close eye on inflation.

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