Economic Growth

Economic Growth News

  • Treasury Yields Rise to 2-Month High on Fed Tapering Bets

    Updated 7 minutes ago

    Treasuries slid for a second day, pushing 10-year yields to the highest since March, before data forecast to show jobless claims fell and home sales grew, adding to the case for the Federal Reserve to taper bond buying.

  • Japan’s Bonds Fall on Fed Comments as 10-Year Yield Rises to 1%

    Updated 26 minutes ago

    Japanese government bonds fell, with 10-year yields touching 1 percent for the first time in a year, after Treasuries slid yesterday when Federal Reserve Chairman Ben S. Bernanke said the U.S. central bank may cut the pace of its bond purchases.

  • Singapore Economy Unexpectedly Expanded on Services Growth

    Updated 10 minutes ago

    Singapore’s economy unexpectedly expanded last quarter as services and construction strengthened, reducing pressure on the central bank to ease monetary policy to boost growth.

  • Blackstone, Prologis Said to Buy Portfolio of Warehouses

    Updated 1 hour, 6 minutes ago

    Blackstone Group LP, the world’s biggest private-equity firm by assets, and Prologis Inc. agreed to buy a portfolio of 17 million square feet (1.6 million square meters) of warehouses for about $960 million, said two people with knowledge of the agreement.

  • Ivory Coast Power Utility Plans Exports as Profit Grows

    Updated 32 minutes ago

    Ivory Coast’s electricity monopoly, which has a stock that’s soared 95 percent in the past year, will increase exports as rising domestic demand boosts profit amid an economic recovery in the world’s biggest cocoa producer.

  • Nobel Laureate Phelps Warns Against EU as Iceland Abandons Talks

    Updated 2 hours, 7 minutes ago

    Nobel Laureate Edmund Phelps warned against the dangers of European Union membership as Iceland became the latest nation to question the sense of affiliation with a bloc mired in economic crisis.

  • U.S. 10-Year Yield Tops 2% as Bernanke Says Fed May Taper Buys

    Treasuries fell, pushing 10-year note yields above 2 percent for the first time since March, after Federal Reserve Chairman Ben S. Bernanke told Congress the Fed may cut the pace of bond purchases at the next few meetings if policy makers see indications of sustained economic growth.

  • Oil Pipelines to Drive Canada Economy Like 1880s Railroad

    Updated 15 minutes ago

    Oil pipelines, under attack from environmentalists, are essential to Canada’s economic growth just as railroads were in the 1880s, Enbridge Inc. Chief Executive Officer Al Monaco said.

  • IMF Urges Serbia to Hold Interest Rates Until Inflation Slows

    Serbia has limited room for monetary easing until inflation slows and the government should cut spending by at least two percentage points of economic output for more stability, the International Monetary Fund said.

  • Fast Says Keystone Denial Would Irritate Canada-U.S. Ties

    U.S. rejection of TransCanada Corp.’s Keystone XL pipeline would be a “significant irritant” to the relationship between Canada and its biggest trading partner, said Canadian Trade Minister Ed Fast.

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