Posts Tagged ‘cent’

U.S. housing starts continue rise in August

Despite the stalled economy, the housing market shows little sign of slowing down as construction on new homes in August increased by 2.3 per cent, driven by single-family home starts that grew at the fastest rate in more than two years indicating that the U.S. real estate market has not yet lost its momentum. Article […]

Fed announces QE3 with mortgage backed securities purchases every month

Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – The U.S. Federal Reserve announced it is undertaking open-ended purchases of $ 40bn worth of mortgage backed securities (MBS) every month expanding it long-term securities holdings. The move is the third round of quantitative easing the Fed has made since 2010 as […]

China’s industrial output growth slows in August

The National Buruau of Statistics on Sunday announced that the industrial value-added output in China grew 8.9 per cent year-on-year for the month of August, which is slower compared to July’s 9.2 per cent expansion. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

U.S. import prices continue downward trend in July

The Labor Department reported on Friday that U.S. import prices dropped by 0.6 per cent. The drop in the import-price index surprised several economists who projected a 0.2 per cent rise in July, according to a Bloomberg survey. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Knight Capital Group given $400-M lifeline

Nathan Andrada – Fourth Estate Cooperative Contributor New York, NY, United States (4E) – Knight Capital Group got a $ 400mn infusion from Wall Street investors after a frantic rush by the brokerage firm to raise much needed capital following a massive computer glitch last week. Knight Capital performs huge volumes of trades at the […]

JP Morgan Q2 earnings down by 8.7 percent

JP Morgan Chase’s second quarter revenue fell by 17 per cent that saw its quarterly earnings decline by 8.7 per cent at $ 4.96bn, which was slightly lower than the previous quarter. The eagerly anticipated quarterly profit announcement comes at the back of news of a $ 4.4bn trading loss by the bank’s London offices. […]

South Korea’s central bank cuts policy rate to 3%

Nathan Andrada – Fourth Estate Cooperative Contributor Seoul, South Korea (4E) – The South Korean central bank surprised the markets on Thursday by lowering its key benchmark interest rate by 25 basis points citing worsening economic conditions in the U.S. and Europe, along with softening demand for local goods in emerging markets. Economists see this […]

U.S. trade deficit fell, exports surged in May

The U.S. Commerce Department announced Wednesday that the economy’s trade deficit dropped 3.8 per cent in May as exports slightly improved and cost of crude oil imports continue to slide. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Spain’s 10-year bond yields reach above 7 percent

Nathan Andrada – Fourth Estate Cooperative Contributor Madrid, Spain (4E) – After going up as high as 7.108 per cent, Spain’s 10-year government bond yield finished Monday at 7.06 per cent. The rise to the 7 per cent level is regarded as unsustainable by many economists and this comes ahead of a summit by eurozone […]