economy
Business
Japan’s GDP Growth Less Than Expected, Next Quarter To Be Better
Japan’s economy posted less than expected growth in the July-September quarter, but is expected to ramp up in the current quarter with consumer spending on the rise to offset the tax rise next year....
Business
U.S. GDP Climbs 2.8 Percent, Stock Markets Decline
The United States gross domestic product (GDP) increased 2.8% in the third quarter from 2.5% in the previous quarter. The acceleration of the GDP was driven primarily by improvement in private inventories based on...
Business
U.K. Industrial Production Growth Higher Than Expected
The industrial production growth in the United Kingdom for the month of September was higher than the estimate of economist due to the recovery of manufacturing sector in the country.
According to the Office for...
Business
Japan Ready to Assert Leadership in Asia
Japan is ready to assert its leadership in Asia as countries in the region expressed concern over China’s build up of its military power, and a potential pull back of the United States, according...
Business
China Reports Sharp Decline in Exports, But Imports Climb
China reported that its exports suffered a sharp decline for the month of September. According to the General Administration Customs in Beijing, the country’s shipments overseas fell by 0.3% to $185.6 billion.
Based on data...
Business
Summers Exits Fed Candidacy; U.S. Stock Markets Rally
The stock markets in the United States rallied over the decision of former National Council of Economic Director, Lawrence Summers to withdraw his candidacy to become the next head of the Federal Reserve to...
