- US trade deficit drops sharply in April Updated: Jun-03-15 4:28 pm
WASHINGTON - The U.S. trade deficit declined sharply in April as exports posted a modest gain and imports fell, raising hopes that trade's drag on economic growth will ease in the current quarter.
- Fed sees moderate economic growth around country this spring Updated: Jun-03-15 3:29 pm
WASHINGTON - The U.S. economy was growing at a moderate pace in most regions of the country in April and May, as consumers ramped up spending at retailers and auto dealers, the Federal Reserve said Wednesday.
- ECB says stimulus is helping economy, pushing up inflation Updated: Jun-03-15 11:29 am
FRANKFURT, Germany - European Central Bank head Mario Draghi said the bank's 1.1 trillion euro ($1.2 trillion) stimulus program is supporting the eurozone's modest recovery as the money works its way through the financial system to the real world of businesses and consumers.
- Global watchdog warns on economic growth, cuts US forecast Updated: Jun-03-15 5:07 am
PARIS - The world economy risks being bogged down in a low growth spiral unless measures are taken to spur demand and incite businesses to boost their stubbornly sluggish investments.
- India's central bank cuts key interest rate to boost growth Updated: Jun-02-15 5:38 am
NEW DELHI - India's central bank cut a key interest rate by a quarter percentage point Tuesday, the third such reduction this year in support of government efforts to boost growth.
- US manufacturing growth accelerates for 1st time in 6 months Updated: Jun-01-15 11:42 am
WASHINGTON - U.S. manufacturing growth accelerated in May for the first time in six months, propelled by more new orders and an increase in hiring.
- May economic report suggests slow growth ahead in Midwest Updated: Jun-01-15 11:32 am
OMAHA, Nebraska - Slower economic growth is likely through the end of the third quarter this year for nine Midwestern and Plains states, according to a report issued Monday.
- Fuel and potential fires for the US economy ahead Updated: May-29-15 5:12 pm
WASHINGTON - The US economy should get better after a sputtering first quarter, but how much better? It's complicated.
- Chinese leader calls for innovation as economic growth slows Updated: May-28-15 5:50 am
BEIJING - Rapturous crowds. Beaming workers. Pep talks for the troops.
- Philippine economic growth slows to 5.2 percent in 1Q Updated: May-28-15 1:14 am
MANILA, Philippines - Sluggish government spending slowed Philippine economic growth in the first quarter of this year, officials said Thursday.
- Drilling cutbacks drag down job growth in oil patch Updated: May-27-15 1:21 pm
WASHINGTON - Hammered by cheaper oil, drilling firms have laid off workers and dragged job growth lower in states from Texas to North Dakota.
- Modi vows cleaner India, but no clear path to get there Updated: May-26-15 5:25 am
NEW DELHI - Four months after becoming prime minister, Narendra Modi stunned Indians by picking up a crude straw broom and, holding it like a dance partner, gently sweeping at a small pile of green leaves on a New Delhi street.
- US government to review mystery of slow 1st quarter growth Updated: May-22-15 6:06 pm
WASHINGTON - There's something strange about the U.S. economy in the first three months of every year: It frequently grows at a much slower pace than in the other nine months.
- US consumer prices ticking up as Fed weighs first rate hike Updated: May-22-15 12:14 pm
WASHINGTON - Core consumer prices outside of food and energy posted the biggest increase in April in more than a year, suggesting that an improving U.S. economy is finally starting to lift prices. That could prompt the Federal Reserve to start raising interest rates later this year.
- IMF upgrades Russia growth outlook Updated: May-21-15 10:34 am
MOSCOW - The International Monetary Fund predicts a less severe recession for Russia and says the country's economy will return to growth in a "mild recovery" next year.
- Rising inequality holding back economic growth, report warns Updated: May-21-15 5:53 am
PARIS - The widening gap between haves and have-nots in much of the developed world not only raises concerns about the fraying social fabric - it's also dramatically holding back economic growth, according to a new global study.
- Why many experts missed this: Cheap oil can hurt US economy Updated: May-20-15 3:49 pm
WASHINGTON - If there was one thing most economists agreed on at the start of the year, it was this: Plunging oil prices would boost the U.S. economy.
- Pope's No. 2 offers new insights into climate encyclical Updated: May-20-15 2:27 pm
VATICAN CITY - A new development model is needed to combat global warming, one that marries economic growth to combat poverty with a sustainable use of resources, Pope Francis' deputy said Wednesday.
- Despite growth uptick, full recovery still far for Europe Updated: May-20-15 11:10 am
FRANKFURT, Germany - Europe's economy has been down so long, even a bit of growth looks like recovery.
- Surge in home construction is lifting hopes for US economy Updated: May-19-15 2:56 pm
WASHINGTON - The U.S. housing market has given a sudden jolt to what appeared to be a slumping economy.
- UN lowers global economic growth estimate amid modest pace Updated: May-19-15 2:41 pm
UNITED NATIONS - The United Nations is lowering its growth estimate for the global economy this year, saying its previous forecast of 3.1 percent growth in 2015 is now more likely to be 2.8 percent instead.
- Frustration with Latin America's left on the rise Updated: May-18-15 7:38 pm
CARACAS, Venezuela - Venezuela's socialist government is struggling to put food on the shelves amid runaway inflation. Brazil's president is facing calls for impeachment. And even Cuba's communist government, an iconic touchstone for generations of leftists, is embracing closer ties with the U.S.
- Hong Kong economy tepid as Chinese tourism weakens Updated: May-15-15 6:02 am
HONG KONG - Hong Kong's economy expanded tepidly in the first quarter as exports slumped and fewer mainland Chinese tourists visited following a backlash against their influx.
- Why US economic growth has disappointed this year Updated: May-14-15 8:23 pm
WASHINGTON - Like an underachieving student, the U.S. economy isn't living up to the high hopes it began the year with.
- China, India have many rivalries, some areas of cooperation Updated: May-14-15 2:25 am
BEIJING - India's prime minister is visiting China this week to build friendship between the two Asian giants despite a long history of disputes and rivalries, along with some areas of cooperation, especially in the economic sphere.