Archive for April 25th, 2008

European businesses cautiously optimistic about economic future

Friday, April 25th, 2008

European businesses remained cautiously optimistic about the economic future amid increasing uncertainties, according to a survey released on Thursday. "Despite the numerous headwinds, BusinessEurope so far remains cautiously optimi ...

German gov’t revises down growth forecast for 2009

Friday, April 25th, 2008

The German government on Thursday lowered its forecast for economic growth next year from 1.7 to 1.2percent, which would be the lowest level since 2005. According to statement released by the German Economy Ministry, the government ...

Dollar rises on jobless data, Ford results

Friday, April 25th, 2008

The dollar rose against most major currencies on Thursday as a new jobless report and results of Ford Motor helped reinject optimism about the U.S. economy into the market. The number of U.S. workers filing initial claims for unempl ...

Wall Street advances on positive job data, Ford’s earnings

Friday, April 25th, 2008

Wall Street advanced Thursday on positive job data and Ford's earnings. The U.S. Labor Department said first-time claims for state unemployment benefits fell to its lowest level in two months in the latest week. Ford Motor C ...

Crude futures retreat as U.S. dollar rebounds

Friday, April 25th, 2008

Crude prices retreated Thursday as the U.S. dollar rebounded against euro. The dollar rose against the 15-nation single currency Thursday giving investors a chance to lock in profits from oil's recent record run. The dollar ...

U.S. market sees three or four new nanotech products weekly

Friday, April 25th, 2008

New nanotechnology consumer products are coming on the U.S. market at the rate of 3-4 per week, according to the latest update to the nanotechnology consumer product inventory maintained by the Project on Emerging Nanotechnologies (PEN). ...

Canadian economist: Gas price to hit 2.25 U.S. dollars in 2012

Friday, April 25th, 2008

The price of gas will surge to 1.40 Canadian dollars (1.40 U.S. dollars) this summer and over 2.25 by 2012 as oil supplies continue to decrease, a Canadian economist projected Thursday. Jeff Rubin, chief strategist and chief economi ...

Central bank: Canada’s economy to further slow down

Friday, April 25th, 2008

Canada's economy will further slowdown to a near halt in the second quarter of this year, dragged by the U.S. slowdown and the global credit crunch, the Bank of Canada said Thursday. The central bank said in its monetary policy repo ...