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Mexican retail sales had their biggest decline in almost 13 years in February as job losses, lower remittances and a shrinking economy sapped consumer activity.
Retail sales fell 8.6 percent in February from the same month a year earlier, the most since March 1996, the country’s statistics agency said today. Economists had forecast a […]
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European industrial orders fell the most in at least 13 years in February as the worldwide economic slump lowered demand for factory equipment and metals.
Industrial orders in the euro area declined 34.5 percent from the year-earlier month, after a revised 34.3 percent drop in January, the European Union’s statistics office in Luxembourg said […]
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German investor confidence probably turned positive for the first time in almost two years in April after stock markets rallied on government and central bank efforts to revive economic growth, a survey of economists shows.
The ZEW Center for European Economic Research will say its index of investor and analyst expectations rose to 2 […]
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Japanese Prime Minister Taro Aso’s record stimulus plan will only provide temporary relief as the country heads for its worst postwar recession, economists said.
Morgan Stanley, Nikko Citigroup Ltd. and Macquarie Securities Ltd. said the economy will shrink less than predicted in the year ending March 2010 after Aso last week unveiled his 15.4 […]
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China’s government is considering additional stimulus measures to boost consumption and bolster growth just as the nation shows more signs of recovering.
The government will issue some “guideline” policies and continue to use fiscal and taxation measures to spur an expansion, the official China Securities Journal reported today, citing Gao Huiqing, a researcher at […]
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The Bank of Korea’s most aggressive round of interest-rate cuts in a decade may be coming to an end.
Governor Lee Seong Tae and his fellow policy makers kept the benchmark rate unchanged yesterday for a second month, saying there are signs the economy’s deepest contraction in more than a decade may be abating. […]
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Vollrath Co. LLC, a Sheboygan manufacturer of aluminum and stainless steel food service products and equipment, said that it has purchased Anvil America Inc., an Asheville, N.C., producer of countertop cooking and food preparation equipment.
Terms of the transaction were not disclosed.
Anvil offers more than 90 food service equipment products ranging from griddles and sandwich grills […]
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Sallie Mae plans to create 2,000 jobs in the United States by reversing previous outsourcing actions and bringing all of its overseas operations back to America.
Albert Lord, chairman and CEO of SLM Corp. (NYSE:SLM), commonly known as Sallie Mae, spoke Monday morning on cable TV network CNBC, making the announcement.
Lord said the jobs would be […]
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Thornburg Mortgage President and CEO Larry Goldstone issued a statement Friday on the imminent bankruptcy of his company.
“Today has been a really difficult day for our organization as we have separated with a majority of our colleagues,” Goldstone stated. “When an organization has to go through such an exercise, it is always unfortunate because it […]
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U.S. construction spending fell at a slower-than-expected rate in February, a government report on Wednesday, suggesting that the pace of deterioration was start to moderate.
The Commerce Department said spending on construction projects slipped 0.9% to a seasonally adjusted annual rate of $967.5 billion, the lowest since March 2004, after falling by a revised 3.5% […]
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