S&P Cuts UK Outlook, Osborne Plays Down Importance Of AAA Rating
S&P warns there is a one-in-three chance that it will strip the U.K. of its cherished AAA status within the next two years.
US Airlines To Lead Recovery In Profits In 2013 On Cost-Cutting: IATA
Globally, aviation supports some 57 million jobs and $2.2 trillion in economic activity.
US Initial Jobless Claims Fall Sharply To 343K, Near 4-Year Low, As The Effect Of Sandy Fades
Claims are now below pre-Sandy levels and near their lowest point in about four years.
Are High Corporate Cash Balances Constraining Investment?
Multinationals are cash-rich abroad and cash-poor at home.
If US Doesn’t Fall Off The Fiscal Cliff, 2013 Could Actually Be A Good Year For The Economy
If Congress can strike a deal to avoid the fiscal cliff, the U.S. economy could show some meaningful improvements in 2013.
Confidence In US Economic Growth Falls, Across The Board
Three surveys show that U.S. confidence in growth clearly has been jarred by the 2012 election and fiscal cliff chatter.
December FOMC Meeting, Bernanke Press Conference, And ‘QE4’: Economic Events For Dec. 11-14
Also this week, China's policymakers are expected to meet on Dec. 12-14 for the annual Central Economic Work Conference (CEWC) to set the policy framework for 2013.
China's Economic Recovery Faces Considerable Challenges
China's rebound continues, but it appears to be losing some strength.
Developed Countries Suffer Wage Squeeze - Minimum Wages Key To Cutting Working Poverty: ILO
Average salaries in developed countries are expected to have risen by no more than inflation in 2012.
US November Jobs Report 2012: Not As Good As It Looks, And Watch Out For Sandy-Related Revisions In Coming Months
U.S. payrolls expanded last month and unemployment fell, but some economists expect November's positive numbers to be revised down.
China November Economic Data Preview: Recovery Under way
After a year of false starts, a genuine economic recovery does now seem to be under way.
US Mortgage Rates Hold Near Record Lows; Home Prices To Rise 5% In 2013
The U.S. housing recovery is building up some real steam. In '13, economists see further strong gains in home sales and starts.
US Initial Jobless Claims Fall To Lowest In One Month As Sandy Effect Fades
Initial jobless claims fell for a third straight week last week, but still remain volatile.
US November Jobs Report 2012: Superstorm Sandy, Fiscal Cliff Likely Hurt Employment
Idiosyncratic events in Nov. likely hurt the U.S.'s slow, but steady, job market recovery from the depths of the Great Recession.
Citigroup To Cut More Than 11,000 Jobs Worldwide, Take $1 Billion Charge
Citigroup Inc. (NYSE:C) will eliminate more than 11,000 jobs globally, about 4 percent of its total workforce.
ADP November Jobs 2012 Report: Businesses Hired 118,000 Workers, Fewer Than Expected
The ADP number missed expectations ahead of Friday's closely watched government employment report.
Big Pharma Facing Patent Cliff And Declining R&D Returns
The pharmaceutical industry is grappling with diminishing R&D productivity -- exemplified by a drop in revenue per new drug approval.
November US Jobs Report, ECB December Meeting: Economic Events For Dec. 4-7
Superstorm Sandy will likely put dent in the November jobs report.
China To Allow OTC Gold Trading, Shanghai Plans ETFs
China is looking to develop Shanghai into a major gold trading center.
ECB Rate Cut Unlikely At December Meeting, Despite Record High Unemployment, Easing Inflation In Euro Zone
No, another ECB interest rate cut is not coming in December.
Multinationals Boost Their Outlook For China
Encouraged by stronger economic indicators and outlook, U.S. multinational companies are speeding up their China expansion plans.
US Q3 GDP Growth Not As Good As It Looks; Q4 Unlikely To Prove Much Brighter Due To Fiscal Cliff, Hurricane Sandy
Economists have trimmed their expectations for Q1 2013 U.S. GDP growth for the fourth straight month.
Nestle Ventures Into Traditional Chinese Medicine; Joins Force With Hong Kong Billionaire Li Ka-Shing’s Chi-Med
For more than 3,000 years, traditional Chinese medicine has been an integral part of Chinese culture and the predominant medical treatment for a large part of the population.
Fiscal Cliff 2012: US Companies Race To Pay Special Dividend
With the forthcoming and likely end to so-called “Bush tax cuts,” analysts predict the fourth quarter will see a wave of special dividends.
BOA: Worst Company In America?
A tale of how Bank of America personnel refused to believe a customer’s mother, one of their mortgage holders, had died.
EU To Follow US In Delaying The Implementation Of Basel III
The decision represents a temporary escape from Basel III.
In The US, Women Drivers Now Outnumber Men
A reversal of the gender gap behind the wheel will likely lead to lower fatality rates, researchers say.
US Q3 GDP Second Estimate, Fed’s Beige Book, New Home Sales: Economic Events For Nov. 26-30
After returning from the Thanksgiving break, market participants will face a crowded economic calendar.
Tiffany, Workday, GMCR: Earnings To Watch, Nov 26-30
As always, here's your handy clip-and-save earnings watch list for this week.
Investment Banks To Cut 40,000 More Jobs, Shrink Global Footprint; Partly Due To Basel III
Investment banks will continue to swing the ax in the years ahead.