- 9 Sep 2011:Calling for unity and an end to a "political circus" US President Barack Obama told Republicans to immediately pass a US$447 billion jobs plan to jolt the stalled economy and cheer a disillusioned nation.
- The US's biggest industrial companies face an average bill of at least US$100m each over the next five years as they struggle to fill the skills gaps left by the looming retirement of "baby boomer" factory workers.
- 8 Sep 2011:Austerity measures in rich countries to reduce budget deficits risk triggering economic downturn, Unctad report says. But poorer economies offer GDP growth.
- Facing a frustrated public and a skeptical Congress, President Barack Obama will pitch at least $300 billion in jobs proposals aimed at getting Americans back to work quickly and forcing Republicans to take a share of the responsibility for solving the country's economic woes.
- Americans are growing more pessimistic about the economy in the wake of a recession that left a more lasting impression on many families than any other event in the past decade.
- Japan's Sumco, the world's No.2 supplier of silicon wafers used to make chips, slashed its annual operating profit forecast by 37% on weak PC demand and slower-than-expected growth in smartphones and tablet PCs, and it said the fragile economy could make chip demand retreat further.
- German exports fell by 1.8% in July, much more than expected, official figures have shown.
- 4 Sep 2011:The US economy failed to add jobs in August.
- 1 Sep 2011:China's Purchasing Managers Index (PMI) rose to 50.9 in August from 50.7 the previous month, up for the first time in four months.
- 30 Aug 2011:Recession in rich countries has discouraged some would-be incomers from trying their luck. America, for instance, has seen a sharp decline in Mexicans trying to cross its southern border. Immigration to Europe has slowed. Some studies also suggest that increased inflows of migrants are a leading indicator of a pickup in growth.
- 27 Aug 2011:Reserve Bank of Australia Governor Glenn Stevens and Bank of Israel Governor Stanley Fischer were among the six central bankers to receive the top grade from the Global Finance magazine. The others were Lebanon's Riad Salameh, Malaysia's Zeti Akhtar Aziz, Amando Tetangco of the Philippines and Taiwan's Fai-Nan Perng.
- Political leaders anywhere in the world, however great they are, often do not have the luxury of actually making choices; choices are usually forced upon them by economic or political circumstances.
- 26 Aug 2011:The Federal Reserve chairman, Ben S. Bernanke, said Friday that the economy is recovering and the nation's long-term prospects remained strong, an upbeat assessment that offered little indication of any plans for additional measures to boost short-term growth.
- 25 Aug 2011:The price of gold has plunged 9.3%, after hitting a record US$1,913.50 an ounce on August 23, as markets became more upbeat about the economy.
- 24 Aug 2011:Moody's now holds rating for Japan at Aa3, on a par with rival agency Standard & Poor's, which rates the world's third-largest economy at AA-, the same level as China.
- 19 Aug 2011:New data on the US economy, including a huge drop in a regional manufacturing survey, has heightened market fears of a new recession.
- 13 Aug 2011:Wall Street ended one of its most dizzying, volatile weeks in history on a relatively quiet note Friday...
- 10 Aug 2011:Ben Bernanke and the Federal Reserve did not offer ailing markets the short-term salve they were looking for Tuesday with an announcement of additional asset purchases in a bid to stimulate US growth, but the central bank did signal that its accommodative interest rate policy will remain in place until at least mid-2013.
- 9 Aug 2011:The prime minister has returned early from his holiday to discuss the unrest, which first flared on Saturday after a peaceful protest in Tottenham over the fatal shooting of a man by police.
- Gold prices hit another record on August 9, slicing through the US$1,750-a-troy-ounce milestone as a massive sell-off in global equity markets drew safety-seeking investors to the metal.
- 7 Aug 2011:S&P's decision to lower the US credit rating was proceeded last week by a downgrade of US debt by a less-known Chinese rating agency, Dagong Global Credit Rating Co. It was Dagong's second such downgrade, moves Xinhua painted as prescient.
- The rating agency's move to downgrade US debt could make it a leader among rating agencies or blow up in its face.
- 3 Aug 2011:Weeks of political infighting in Washington have produced a budget deal that aims to cut the US government budget deficit by US$2.4 trillion over 10 years.
- 29 Jul 2011:Latest figures from the US Treasury Department show that the country has an operating cash balance of US$73.7 billion. Apple's most recent financial results put its reserves at US$76.4 billion.
- 8 Jul 2011:Air security is expected to tighten, particularly for international flights into the US, in light of recent intelligence that terrorists might be considering boarding flights with surgically implanted explosive devices, an American security official said Wednesday.
- 7 Jul 2011:Pyeongchang's triumph of the 2018 Winter Olympics is expected to cultivate more than just national pride, paving the way for the South Korean economy to rake in an estimated US$27 billion, according to the Korean Institute for Industrial Economics and Trade, a state-run think tank.
- 29 Jun 2011:Japan's industrial production rose for a second straight month in May, after falling sharply in the wake of the March 11 earthquake and tsunami, but the increase in factory output was lower than the government had forecast.
- 15 Jun 2011:Hackers who broke into the International Monetary Fund's computer system may have been backed by a nation state, according to security experts.
- 31 May 2011:Factory output rose by 1% in April from the previous month as companies worked towards dealing with problems in supply chain disruption.
- 25 May 2011:Germany has grounded air traffic across its northern airspace because of ash from an erupting volcano in Iceland.
- 19 May 2011:The economy shrank by a much worse-than-expected annualised 3.7% in the first three months of 2011, marking the second consecutive quarter of contraction, which economists define as a technical recession.
- 16 May 2011:The consumer confidence index fell to 33.1 in April 2011, down from 38.6 in March, according to the Cabinet Office. A reading below 50 suggests consumer pessimism.
- 2 May 2011:China economic growth may moderate as manufacturing index slips (May 1) - Bloomberg (via Businessweek)A Chinese manufacturing index declined in April from March, indicating that growth may moderate in the world's second-biggest economy after the government raised interest rates and allowed faster gains in the yuan.
- Japanese automobile sales more than halved in April - the biggest monthly drop on record - and are not expected to recover until late 2011, raising concerns the country's leading vehicle manufacturers will post losses for the first half of the year.
- 28 Apr 2011:Chairman Ben Bernanke said he expected growth for 2011 to be between 3.1% and 3.3%, compared with the previous forecast of 3.4-3.9%. He also hinted the Fed would not pump more money into the economy after June.
- 26 Apr 2011:
- 22 Apr 2011:Lawmakers in China are revising the income tax law to narrow the wealth gap and to encourage more domestic consumption. The amendment will raise the threshold for personal income tax from CNY2,000 to CNY3,000 a month (from US$304 to US$456).
- 21 Apr 2011:GDP will expand 0.8% in 2011, down sharply from the 1.7% growth previously forecast. But as reconstruction spending gains pace, the economy will expand 2.3% in 2012, faster than previous estimates for 1.3% growth, the OECD said.
- The driving force of Japan's economy has gone into reverse. In March exports fell 2.2% which is the first drop in almost a year and a half.
- 18 Apr 2011:Japan voters critical of Kan's response, support disaster taxes (Apr 18) - Bloomberg (via Businessweek)Japanese voters are critical of Prime Minister Naoto Kan's handling of the crisis at a crippled nuclear plant and support raising taxes to finance rebuilding plans after last month's earthquake and tsunami, surveys show.
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