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Stories 21 - 40 | << Prev   Next >>

Detroit Collapse Would Fuel Mexican Crisis

Mexican auto industry, economy tied to America's

(Newser) - A Big Three collapse could spell disaster for Mexico, where the auto industry—and the economy—is tightly bound to America’s, the Christian Science Monitor reports. Mexico sends 80% of its auto-related exports to the US, and its auto industry employs more than 500,000 workers, many of whom...

Rally Fizzles Despite Oil's Drop
 Rally Fizzles Despite Oil's Drop 
MARKETS
Sep 2, 2008 3:13 PM CDT

Rally Fizzles Despite Oil's Drop

Traders becoming more focused on economic strength than fuel

(Newser) - An early rally faded today and the markets closed with mild losses, the Wall Street Journal reports. Oil fell $5.75 as Gulf Coast oil-production facilities appeared to have emerged mostly unscathed from Hurricane Gustav, but the news failed to give equities lasting momentum. The Dow closed down 26.63,...

GDP Grew More in Q2 Than First Reported
GDP Grew More in Q2
Than First Reported
Economy
Aug 28, 2008 12:06 PM CDT

GDP Grew More in Q2 Than First Reported

Commerce Department revision shows healthier growth

(Newser) - GDP growth was higher than initially reported in the second quarter, the Wall Street Journal reports. Commerce Department revisions put the increase at a seasonally adjusted 3.3% annual rate—the original estimate was 1.9%. Businesses decreased their inventories less than previously thought. At the same time, exports rose...

China Overtakes US as Top Market for Japan Goods

Exports to US from Japan fall for 11th consecutive month

(Newser) - China imported $11.8 billion in Japanese goods in July, MarketWatch reports, barely surpassing the US as the world’s largest importer of products and services from Japan for the first time. The 11.5% drop in shipments to the US was the 11th consecutive month of declines; exports to...

As Darfur Starves, Sudan Exports Staples

Exports crops to rich nations, still gets aid

(Newser) - As the UN trucks in food to millions of starving people in Darfur, Sudan is exporting important staple crops to other nations, the New York Times reports. Critics charge the government profits on big agribusiness while receiving more free food in aid than any other nation in the world. But...

Rich Countries Getting Soaked for a Change
Rich Countries Getting Soaked for a Change
ANALYSIS
Jul 17, 2008 10:02 AM CDT

Rich Countries Getting Soaked for a Change

Developing markets faring better in current economic downturn

(Newser) - As the US and other developed economies feel the crunch of a housing collapse and credit crisis, emerging economies, especially those fueled by commodities, have yet to feel the pinch, the Washington Post reports. "We are overloaded with money, crazy amounts of money from the energy market," a...

Distillers Like Taste of Bourbon Boom

Weak dollar, rising exports help fuel spike in sales

(Newser) - Kentucky bourbon is popular in the likes of Russia and China as drinkers worldwide flock to the US drink, the AP reports. A weak dollar, rising exports, and a bourbon trend among young Americans are also fueling the boom. "Younger consumers are interested in drinks that were, you might...

Export Bans Push Food Costs Even Higher

29 nations move to keep more food at home

(Newser) - Alarmed by high food prices and shortages worldwide, some 29 countries are banning or reducing exports of foods to make sure they have enough at home. Such limitations pose a threat to countries that rely on imports, forcing prices up further, the New York Times reports. What’s more, the...

Asian Inflation Zapping US Pocketbooks

Fuel costs and weak buck promise to send US prices spiraling

(Newser) - Cheap Asian imports have helped keep American inflation down for decades—but those days appear to be over, the New York Times warns. Rapidly rising costs of fuel, food and labor in countries like China, Vietnam, and Taiwan are beginning to be passed on to their export markets, just as...

Crisis Looms as Rice Prices Soar
 Crisis Looms as Rice Prices Soar
Apr 6, 2008 2:21 PM CDT

Crisis Looms as Rice Prices Soar

Countries ban exports, chastise hoarders

(Newser) - Rice feeds half the world's population, but this year there isn't enough to go around and prices have risen by 50% over the last two weeks alone. Population growth is outpacing production, and stocks are at a 30-year low after droughts decimated harvests in China and Australia. Countries are banning...

Japan's Inflation Surges
 Japan's Inflation Surges 
Mar 28, 2008 8:58 AM CDT

Japan's Inflation Surges

Unemployment also rises in world's second-largest economy

(Newser) - A double whammy of rising inflation and unemployment has experts worried that Japan’s economy—the world’s second largest—is fast losing steam, reports the Wall Street Journal. Inflation in February rose 1%, its fastest spike in a decade, and household spending stalled in the face of rising food...

Fed Cut Raises Inflation Fears
 Fed Cut Raises Inflation Fears 
Mar 19, 2008 10:27 AM CDT

Fed Cut Raises Inflation Fears

Borrowers, exporters stand to gain, but critics find move 'self-defeating'

(Newser) - The Federal Reserve's latest rate cut might boost the economy with cheaper credit, but economists worry a freed inflation genie could be behind any magic, the Washington Post reports. Commodity prices rose to record levels in expectation that the rate cut would keep demand high, and the price hikes are...

Asian Stock Markets Dive
Asian Stock Markets Dive
Mar 7, 2008 6:07 AM CST

Asian Stock Markets Dive

US credit crisis has investors in Asian markets hedging their bets

(Newser) - Japan’s Nikkei fell 3.3% and Australia’s S&P/ASX2000 dropped 3.2% as woeful US economic news—including rising foreclosures, worsening homeowner debt and impending credit defaults—sent Asian markets reeling, the Associated Press reports. Investors also worried that a key jobs report to be released this morning...

Cachaça Is the New Tequila, Devotees Say

Pushing Brazil's national drink as the next big buzz in booze

(Newser) - The next big buzz in the world of potent beverages may well be cachaça, the Brazilian take on rum that has its sights set on unseating tequila as the trendy shot du jour in the US. The exported version of the national drink, distilled from sugar cane, ranges from...

China Exports Inflation to US
China Exports Inflation to US
Feb 1, 2008 1:35 PM CST

China Exports Inflation to US

Coinciding factors exert upward pressure on prices

(Newser) - After years of pumping out cheap consumer goods, China is driving up American price tags, the New York Times reports. As costs rise domestically, prices down the supply chain rise at the same time that recession threatens in the US. “China has been the world’s factory,” said...

Oil Hits Record $100 a Barrel
Oil Hits Record $100 a Barrel
Jan 2, 2008 11:11 AM CST

Oil Hits Record $100 a Barrel

Disruptions in Nigeria, Mexico stoke supply concerns

(Newser) - Crude oil prices jumped $4.02 today to push past $100 a barrel for the first time as Nigerian violence, disrupted Mexican exports, and the specter of dipping US stockpiles stoked supply fears in the face of ever-rising energy demands, CNNMoney reports. The previous record was $99.29, set November...

Yuan-Dollar Battle Continues
Yuan-Dollar Battle Continues
Dec 31, 2007 9:50 AM CST

Yuan-Dollar Battle Continues

Despite currency's growth, US criticism of Beijing endures

(Newser) - Despite the yuan's continued appreciation against the dollar this year, at nearly 7%—double its growth in 2006—critics say the currency needs to adjust even higher to balance China's trade surplus, reports the Wall Street Journal. In the US, China’s economic strength has become a standard concern on...

Stocks Tumble Across Asia
Stocks Tumble Across Asia
Nov 8, 2007 6:13 AM CST

Stocks Tumble Across Asia

Wall Street fears cause trouble for Hang Seng, Nikkei

(Newser) - Stocks in Asia dove today as investors fretted over Wall Street's losses and unloaded local property stocks, reports the Financial Times. The Hang Sang dropped 3.19%, or almost 950 points, making a slight recovery at the end of the day from a 4% loss. The Nikkei fell for a...

Cargo Drop-off a Sign of Slow Economy

Observers stunned as port imports fall after years of growth

(Newser) - A drop in cargo at US ports has stunned analysts, who call the 1.4% fall more evidence of a stalled economy. A few factors are keeping foreign cargo at bay—the low dollar, wary buyers, and a cool housing market among them—yet observers still expressed shock. "When...

Dollar's Slide Softens Economy's
Dollar's Slide Softens Economy's
Oct 1, 2007 1:44 PM CDT

Dollar's Slide Softens Economy's

Increased exports offset housing market collapse

(Newser) - Even as the weakening US dollar has Americans dropping European vacation plans, some economists are finding a silver lining: A sudden upswing in exports that could help offset the tanking housing market. And while that jump was predictable, writes the Wall Street Journal, a limp greenback also works to slow...

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