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Economic outlook

Airlines raise 2013 profit outlook
The global airline industry has forecast a modest improvement in global net profits for 2013, crediting a backdrop of rising optimism about the ...
Oil rises ahead of US industrial production data
The price of oil rose to near $94 on Friday ahead of the release of U.S. industrial production and manufacturing figures that analysts expect to show ...
Bailout lenders grant Portugal easier debt targets
Portugal's bailout lenders have agreed to ease its debt-reduction targets amid deteriorating economic prospects, the finance minister said Friday, ...
Payrolls shore up markets at end of historic week
Markets across Europe and Asia made decent gains Friday, bringing to an end what has been a historic week that was capped with the release of ...
Draghi: Do more to promote jobs, growth
European Central Bank President Mario Draghi is urging indebted governments to move beyond spending cuts and tax hikes and introduce reforms that ...
Poland lowers key interest rate to 3.25 percent
The National Bank of Poland lowered its key interest rate by half a percentage point to a record low of 3.25 percent on Wednesday, a surprise move ...
India's budget to push growth, rein in inflation
India's finance minister Thursday unveiled a national budget with a promise to put Asia's third largest economy back on a path of high growth and to ...
German consumer confidence edging higher
Consumer confidence in Germany is edging higher as shoppers feel more optimistic about the economic outlook, according to a survey published Wednesday ...
Oil snaps 2 days of steep losses, gains modest
The price of oil broke two days of steep losses Friday and scrambled back to above $93 a barrel after official predictions that economic growth in ...
EU says eurozone economy to shrink again in 2013
The European Union predicted Friday that the economy of the 17 member countries that use the euro will shrink again in 2013 even though it will see ...
German Ifo index up in positive sign for economy
A key survey of German business optimism rose sharply in February, adding to the evidence that the country will avoid a recession. The Ifo index ...
Portugal raises $2B in debt sale, cuts forecasts
Portugal raised €1.5 billion ($2 billion) in a debt sale at sharply lower rates Wednesday as the bailed-out country continues to benefit from ...
German investor optimism up, easing recession fear
Investor optimism about the German economy rose in February, according to a closely watched survey, raising hopes that the country may avoid a ...
ECB's Draghi pushes for European bank bailout fund
European Central Bank President Mario Draghi said Monday the 17-country eurozone must move swiftly to set up a joint fund to restructure and wind down ...
German economy shrank in Q4 as exports slump
The German economy shrank by a larger-than-expected 0.6 percent in the final quarter in 2012, official figures showed Thursday, in a clear sign that ...
BOE to tolerate inflation rise as it helps economy
The Bank of England predicted Wednesday that the U.K.'s inflation rate may hit 3 percent by summer — but pledged to tolerate the increase in an ...
Text of statement by ECB President Mario Draghi
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today's ...
India forecasts weakest growth in a decade
India forecast economic growth to slow to 5 percent for the fiscal year ending in March, the worst performance in a decade for Asia's third-largest ...
Report: US job market looks surprisingly strong
The U.S. job market is proving surprisingly strong and raising hopes that the economy will be resilient enough this year to withstand a budget ...
Study finds improvement in German consumer mood
A closely-watched survey shows German consumers are more optimistic, buoyed by the current calm in financial markets and expectations the economy will ...
Davos optimism downplays corruption, other risks
The political, business and academic elites at the World Economic Forum expressed renewed optimism at the global economy, with more liquidity, more ...
Economist: Euro crisis could erupt again this year
Is the euro crisis over? A leading U.S. economist says not by a long shot. Even as the head of the European Central Bank talked Friday of "positive ...
Canada central bank leaves interest rate unchanged
The head of Canada's central bank is leaving Canada's key interest rate unchanged at 1 percent and said Wednesday a rate hike is "less imminent" than ...
UN predicts millions more jobless despite growth
The U.N. labor agency warns that the lingering effects of the global economic crisis means unemployment will continue to rise — even though world ...
Growth slows, markets feeling good ahead of Davos
The world's financial and political elite will head this week to the Alps for 2013's gathering of the World Economic Forum in Davos, Switzerland, with ...