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Business 21 Jul 2009 | 12:00 AM Premium

US cconomic indicators up more than expected in June

NEW YORK: More plans to build homes, higher stock prices and fewer people filing first-time claims for jobless aid sent a private-sector forecast of U.S. economic activity higher than expected in June.

Business 16 Jul 2009 | 12:00 AM Premium

Fed says US unemployment will top 10% this year

WASHINGTON: The Federal Reserve expects the U.S. economy this year will sink at a slower pace than it previously thought, but that unemployment will top 10 percent and remain high for the next few years, according to a new forecast released Wednesday.

Business 24 Jun 2009 | 12:00 AM Premium

Obama concedes unemployment will rise above 10%

WASHINGTON: Amid rising public impatience with an economy now under his watch, President Barack Obama on Tuesday said his administration needs to push money out faster to initiate a recovery.

Business 20 Jun 2009 | 12:00 AM Premium

Airbus sees bottom of industry slump

LE BOURGET, France: Airbus CEO Tom Enders was in high spirits on Friday, saying the unexpected crop of orders won at the Paris Air Show shows the heart of the aviation industry is still beating despite the recession.

Business 17 Jun 2009 | 12:00 AM Premium

NZ central bank said Wed economy faces slow recovery

WELLINGTON: New Zealand's economy is on track to begin growing before year's end but the recovery from recession is likely to be slow, the nation's central bank chief said Wednesday.

Business 09 May 2009 | 12:00 AM Premium

Evidence piling up that worst of recession is over

WASHINGTON: Evidence is piling up that the worst part of the recession has ended. But that doesn't mean the pain is over.

Business 08 May 2009 | 12:00 AM Premium

Analysis: Slow recovery no help for Obama's plans

WASHINGTON (AP) - Barack Obama's proposed budget, distributed with fanfare on Thursday, fails to deal with his biggest money problems.

Business 02 May 2009 | 12:00 AM Premium

ACCA survey shows slow recovery for global economy

A NEW survey by the Association of Chartered Certified Accountants (ACCA) shows that finance professionals are forecasting a slow recovery in the world economy.

Business 01 May 2009 | 12:00 AM Premium

ACCA survey shows slow recovery for economy

A new survey by the Association of Chartered Certified Accountants (ACCA) show that finance professionals are forecasting a slow recovery for the world economy.

Business 22 Apr 2009 | 12:00 AM Premium

Slow train to economic recovery

The world economy may hit bottom in the months ahead but recovery risks being longer and more laborious because this recession began in banking and spread so widely - two traits that made the Great Depression so hard to shake.