Paul Ashworth

Paul Ashworth News

  • Europe Advancing as Weather Chills U.S. Growth: Global Economy

    Steadily improving economies in Germany and the U.K. stand in contrast to a slowdown in China, while Mother Nature thwarts further progress in the U.S., data this week are projected to show.

  • Dollar Drops as Factory Production Slips on Weather; Pound Gains

    The dollar declined to its weakest level in almost two months after factory production in the U.S. unexpectedly declined in January by the most since May 2009, adding to evidence severe winter weather weighed on the economy.

  • Carney Presents Forecast While Yellen Testifies: Global Economy

    When Bank of England Governor Mark Carney presents his quarterly economic forecasts this week, he faces a challenge similar to that faced by his colleagues at the Federal Reserve: how to convey the probable path of policy as stronger-than-expected growth moves up the likely date for reaching thresholds for considering an interest-rate increase.

  • U.S. Isn’t Broke, Dollar Won’t Fail, Capital Economics Says

    The U.S. isn’t broke, and the dollar isn’t in danger of collapse even after unprecedented stimulus measures enacted following the worst financial crisis since the Great Depression, according to Capital Economics Ltd.

  • Perpetual Sues Cameron Harrison Over Lost Clients

    Perpetual Ltd., which managed A$26 billion ($26 billion) at the end of last year, sued Cameron Harrison Private Pty, accusing it of poaching clients after hiring away two senior managers.

  • Rising Employment No Inflation Rebound as Wages Affirm Bernanke

    Amy Valle is caught in a labor- market recovery that’s forcing some Americans to settle for less. Before she lost her job as a full-time health-department case worker last November, she was making $23 an hour. Now she’s paid $10 an hour as a part-time assistant coordinator in an after-school program.

  • Property Crushes Hedge Funds in Alternative Markets

    “Why would anyone invest in the stock market?”

  • Euro Finance Ministers to Rising Russian Income: Global Economy

    Coming up in the global economy this week are a meeting of euro-area finance ministers, disposable income in Russia, German business confidence and U.S. retail sales. In Australia, the head of the central bank will comment on the Australian dollar, while a decision on interest rates is due from the Chilean central bank.

  • Workers Lost Ground During Recession As Bosses Gained

    The U.S. economy’s anemic rebound from the worst recession in six decades is pummeling workers while leaving bosses almost unscathed and neither President Barack Obama nor Republican challenger Mitt Romney is captivating these disaffected voters five months before the national election.

  • Fed Will Likely Weigh Rosengren’s Call for Stimulus

    Some Federal Reserve policy makers may join Boston Fed President Eric Rosengren in backing new stimulus at a meeting this month after unemployment rose to 8.2 percent in May, economists said.

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