Saturday, October 29, 2005

Some slackening seen in US economy

Personal bankruptcies have risen to the highest level since records began in the 1960s, the Government will reveal this week. On Friday the Department of Trade and Industry will publish details of how many individuals were declared insolvent between July and September.

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Thursday, October 27, 2005

US house prices fall

Despite the hike in oil prices and the local economic slowdown, international air passenger and cargo traffic in and out of Korea rose significantly in the third quarter a government report said yesterday.

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Brazil Central Bank Holds CPI Forecasts Below Target (Update3)

WASHINGTON : Orders for US-made durable goods fell 2.1 percent in September, the Commerce Department said Thursday in a report suggesting cooling in the manufacturing sector.

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News from Reuters

Oct. 27 (Bloomberg) -- The Brazilian central bank said the benchmark inflation rate remains below targets of 5.1 percent and 4.5 percent for this year and next, giving policy makers leeway to continue interest rate reductions.

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Durable goods orders plunge

Government reports on Thursday suggested a possible cooling in the housing market and some economic slowdown due to high energy prices, but analysts said the economy remained robust enough to permit the Federal Reserve to keep raising borrowing costs.

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PRESS DIGEST-China newspapers

LONDON (AFX) - The euro struck a two-week high against the dollar amid expectations that borrowing costs in the 12-nation single currency zone may rise sooner than anticipated.

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News from Reuters

ConocoPhillips, Amerada Hess Corp. and Kerr-McGee Corp. posted gains in third-quarter earnings yesterday as surging energy prices more than made up for output disruptions caused by hurricanes Katrina and Rita.

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Wednesday, October 26, 2005

News from Reuters

BEIJING, Oct 27 (Reuters) - Chinese newspapers available in Beijing carried the following stories on Tuesday. Reuters has not checked the stories and does not vouch for their accuracy.

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Brazil Jobless Rate Unexpectedly Rises in September (Update2)

THE incoming chief executive of publisher John Fairfax, David Kirk, has moved swiftly to embrace a $100 million plan developed by his former rival for the job, Brian Evans, to cut jobs and build revenues.

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News from Reuters

Oct. 26 (Bloomberg) -- ConocoPhillips, Amerada Hess Corp. and Kerr-McGee Corp. posted gains in third-quarter earnings as surging energy prices more than made up for output disruptions caused by Hurricanes Katrina and Rita.

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Brazil Jobless Rate Unexpectedly Rises in September (Update2)

- Things are happening hot and heavy. For one thing, Bush nominated Ben "Blooper" Bernanke, the most arrogant and clueless economics dunderhead in the USA, to replace the retiring (and good riddance) Alan Greenspan as chairman of the Federal Reserve.

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CombiMatrix Announces Availability of Comprehensive Influenza Array and Service; Array Can Identify All Strains of

Economic growth is expected to slow this year, bogged down by weak exports, high oil prices and an expanded sales tax, a Reuters poll showed.

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FX Asia: Kiwi May Have Peaked Vs Yen As Econ Woes Grow

-Things are happening hot and heavy. For one thing, Bush nominated Ben "Blooper" Bernanke, the most arrogant and clueless economics dunderhead in the USA , to replace the retiring (and good riddance) Alan Greenspan as chairman of the Federal Reserve.

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Brazil Jobless Rate Unexpectedly Rises in September (Update1)

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News from Reuters

Soaring gasoline prices ignited a political storm last month, but they have yet to spark higher prices away from the pumps.

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Bernanke is no dove, analysts say

TORONTO (Reuters) - EnCana Corp. reported a lower third-quarter profit on Wednesday as an after-tax loss associated with its hedging program bit into its results.

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Tuesday, October 25, 2005

Bernanke is no dove, analysts say

OTTAWA (Reuters) - The Bank of Canada gave a clear signal on Tuesday that its tightening cycle may last only to next spring, despite there being substantial liquidity in the economy.

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News from Reuters

WASHINGTON (MarketWatch) - The markets have got it wrong. Ben Bernanke is not a dove when it comes to inflation, Fed watchers said Tuesday.

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Bush Picks Successor to Fed Chief Greenspan

ㅡ The National Tax Service said it would step up its tax audits of businesses here, including more frequent audits of major corporations, in an effort to close a budget gap.

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Economic slowdown in the run up to Yule

SINGAPORE : Property stocks have had a good run this year, in particular after the government eased rules on home financing. But since last week they appear to be trending south, and some analysts say the upside in property counters may be over for now.

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Bush Picks Successor to Fed Chief Greenspan

Stock investors reacted enthusiastically to the nomination of Ben Bernanke as Federal Reserve Board chairman, sending the Dow Jones industrial average up almost 170 points Monday. But the bond market sold off. The decline in bond prices pushed up...

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Economic slowdown in the run up to Yule

The market is tipping a record net profit of around $3 billion when ANZ Banking Group reports its annual result on Tuesday. -

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Monday, October 24, 2005

BOJ Muto says oil price risks inflation, slowdown

Having been knocked down to potentially pivotal lows, the stock market in the week ahead could be primed for a big snap back rally. Maybe.

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New Fed chairman must demonstrate his independence

MELBOURNE - The market is tipping a record net profit of around A$3 billion when ANZ Banking Group reports its annual result today.

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ANZ set for $3 billion record net profit

THREE weeks ago President Bush said it was vital the successor to Alan Greenspan as chairman of the US Federal Reserve be seen to be politically independent.

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Job growth may shift away from construction

The September survey of consumer and business confidence in Greece released by IOBE (the Foundation for Economic and Industrial Research) last week confirmed what a few analysts had noticed lately: the dichotomy of expectations between businessmen — specially industrialists — and consumers.

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Sunday, October 23, 2005

Rising BI rates slow down lending growth

A new forecast says employment in the Sacramento region should grow by almost 370,000 jobs over the next decade.

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Seeking to rally

21/10/2005 Charlie McCreevy, European Commissioner for Internal Market and Services, The Future of Europe – Are we asking the right questions? Institute of European Affairs Dublin, 14 October 2005

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Friday, October 21, 2005

Economic slowdown in the run up to Yule

OUT of some 20 big importers in Cebu, none has made any importation of goods in recent weeks,” revealed Ms. Maria Lourdes Mangaoan, Cebu District Customs collector. “Usually, at this time of the year, goods would starting coming in preparation for Christmas. There is none.

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Hellaby slashes outlook in face of falling retail sales

The UK economy grew by just 0.4% between July and September, official figures show.

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Hellaby slashes outlook in face of falling retail sales

The International Monetary Fund has called upon the Irish government to broaden its tax base, curtail property-related tax breaks and levy an additional property tax in order to protect revenues in the event of an economic slowdown.

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BOJ Muto says oil price risks inflation, slowdown

TOKYO, Oct 21 (Reuters) - Bank of Japan Deputy Governor Toshiro Muto said on Friday it was necessary to be on the alert for global inflation and an economic slowdown as a result of higher oil prices.

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