Economics News Results

  • Egypt signs flurry of deals with Libya's unity government

    Egypt and Libya's unity government signed a series of cooperation agreements and several infrastructure contracts on Thursday as Cairo eyes reconstruction opportunities in its oil-rich neighbour.

  • U.S. business inventory accumulation slows in July

    U.S. business inventory accumulation slowed in July as motor vehicle retailers struggled to restock amid an ongoing global semiconductor shortage, which is forcing automobile manufacturers to scale back production. Business inventories rose 0.5% after increasing 0.9% in June, the Commerce Department said on Thursday. Inventories rose 7.2% on a year-on-year basis in July.

  • Consumer Sentiment Expected to Rise -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Friday 1000 Consumer Sentiment Sep 72.0 70.3** Aug Final Reading.

  • Baltic index snaps 5-day winning streak as capesize rates drag

    The Baltic Exchange's main dry bulk sea freight index slipped on Thursday after rising for five straight sessions as a dip in capesize rates overshadowed gains in the smaller vessel segments. * The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, lost 18 points at 4,215.

  • CANADA FX DEBT-Canadian dollar dips as data shows economic momentum easing

    The Canadian dollar edged lower against its U.S. counterpart on Thursday as oil prices fell and investors weighed domestic data showing some weakening in activity.

  • Manufacturing Activity in Philly Fed's District Accelerated in September

    Growth of manufacturing activity in the Philadelphia area gathered pace in September after several months slowing down, according to a survey released Thursday by the Federal Reserve Bank of Philadelphia. The index for current general activity climbed to 30.7 in September from 19.4 in August, above the 18.7 expected from economists' polled by The Wall Street Journal. The survey polls manufacturers in the Third Federal Reserve District--which covers eastern Pennsylvania,...

  • U.S. Jobless Claims +20K to 332K in Sept. 11 Week; Survey 320K

    Jobless claims rose slightly last week but remained near a pandemic low, as layoffs stabilize amid an economic slowdown tied to rising coronavirus cases. Initial unemployment claims rose to 332,000 last week from a pandemic low of 312,000 a week earlier, the Labor Department reported Thursday. The four-week moving average for claims, which smooths out weekly volatility, fell to 335,750, the lowest level since March 2020..

  • Retail Sales Rose 0.7% in August

    U.S. retail sales rose 0.7% in August, a sign the economic recovery has resilience despite the Delta variant. Write to Josh Mitchell at (END) Dow Jones Newswires 09-16-21 0852 ET Copyright (c) 2021 Dow Jones& Company, Inc..

  • Brazil Economy Ministry raises 2021, 2022 inflation outlook

    Brazil's Economy Ministry on Thursday raised its forecasts for inflation measured by the IPCA consumer price index to 7.9% this year, from 5.9% previously, and 3.75% in 2022, from 3.5% before. The ministry kept its forecasts for the expansion of gross domestic product at 5.3% this year and 2.5% next year.

  • Online purchases boost U.S. retail sales; labor market recovering

    U.S. retail sales unexpectedly increased in August as a surge in online and furniture store purchases offset a continued decline at auto dealerships, which could temper expectations for a sharp slowdown in economic growth in the third quarter.

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