http://www.mail.com/subjects/1368-economic-outlook.html Mail.com - the best personalized free web-based Email en en http://sec-s.uicdn.com/mail.com/2.20/img/mailcom_logo_rss.png http://www.mail.com/subjects/1368-economic-outlook.html http://www.mail.com/business/economy/1763578-us-airlines-to-lead-industry-recovery-profits.html GENEVA (AP) — U.S. airlines will lead a recovery in the global sector's profits next year, mainly thanks to cost cuts and restructuring measures taken to address weak economic growth, the industry's trade group forecast Thursday. Carriers in Asia, the Middle East and Latin America will also enjoy an improvement in earnings, while those in Europe are expec... Thu, 13 Dec 2012 13:25:00 GMT http://www.mail.com/business/economy/1763578-us-airlines-to-lead-industry-recovery-profits.html 2012-12-13T13:25:00Z http://www.mail.com/business/economy/1761584-fed-links-interest-rates-to-65-pct-unemployment.html WASHINGTON (AP) — The Federal Reserve said Wednesday that it plans to keep interest rates ultra-low even after unemployment falls close to a normal level — which it thinks could take three more years. For the first time, the Fed made clear to investors and consumers that it will link its actions to specific economic markers. As long as inflation remains t... Wed, 12 Dec 2012 23:50:00 GMT http://www.mail.com/business/economy/1761584-fed-links-interest-rates-to-65-pct-unemployment.html 2012-12-12T23:50:00Z http://www.mail.com/business/economy/1761858-fed-projects-high-unemployment-3-years.html WASHINGTON (AP) — The Federal Reserve projects the unemployment rate will stay elevated until late 2015, suggesting it will keep short-term interest rates low for the next three years. The latest economic forecasts released Wednesday after the Fed's final meeting of the year were little changed from September. But they coincided with a new communication s... Wed, 12 Dec 2012 20:51:00 GMT http://www.mail.com/business/economy/1761858-fed-projects-high-unemployment-3-years.html 2012-12-12T20:51:00Z http://www.mail.com/business/economy/1762130-bernanke-fiscal-cliff-hurting-economy.html WASHINGTON (AP) — The U.S. economy is already being hurt by the "fiscal cliff" standoff in Washington, Federal Reserve Chairman Ben Bernanke said Wednesday. But Bernanke said the Fed believes the crisis will be resolved without significant long-term damage. The steep tax increases and spending cuts can be avoided with a successful budget deal, Bernanke sa... Wed, 12 Dec 2012 20:02:00 GMT http://www.mail.com/business/economy/1762130-bernanke-fiscal-cliff-hurting-economy.html 2012-12-12T20:02:00Z http://www.mail.com/business/economy/1761398-fewer-us-ceos-expect-hiring-dip-6-months.html WASHINGTON (AP) — A survey of U.S. chief executives shows the number of large companies that plan to add jobs or hire more workers is essentially unchanged versus three months ago, although fewer expect hiring to decrease. The Business Roundtable said Wednesday that 29 percent of its member CEOs plan to increase hiring over the next six months, the same a... Wed, 12 Dec 2012 18:42:00 GMT http://www.mail.com/business/economy/1761398-fewer-us-ceos-expect-hiring-dip-6-months.html 2012-12-12T18:42:00Z http://www.mail.com/business/economy/1761496-opec-output-target-hold-amid-weak-economy.html VIENNA (AP) — OPEC ministers agreed to keep their daily crude production target unchanged at a meeting Wednesday. But in a sign of internal rivalries, they failed to reach consensus on a new secretary general, a post sought by Saudi Arabia, Iran and resurgent oil-power Iraq. The agreement to leave the production ceiling at 30 million barrels a day was exp... Wed, 12 Dec 2012 16:17:00 GMT http://www.mail.com/business/economy/1761496-opec-output-target-hold-amid-weak-economy.html 2012-12-12T16:17:00Z http://www.mail.com/business/markets/1760256-fed-expected-to-revamp-bond-buying-program.html WASHINGTON (AP) — The Federal Reserve is wrapping up 2012 the way it began the year, searching for ways to help a U.S. economy that is still struggling with high unemployment and sub-par growth. The expectation is that the Fed will announce a revamped bond-buying plan at the conclusion of their second day of discussions on Wednesday. The Fed's policy stat... Wed, 12 Dec 2012 10:30:00 GMT http://www.mail.com/business/markets/1760256-fed-expected-to-revamp-bond-buying-program.html 2012-12-12T10:30:00Z http://www.mail.com/business/markets/1760704-us-economy-withstand-fall-cliff.html WASHINGTON (AP) — It's the scenario that's been spooking employers and investors and slowing the U.S. economy: Congress and the White House fail to strike a budget deal by New Year's Day. Their stalemate triggers sharp tax increases and spending cuts. Those measures shrink consumer spending, stifle job growth, topple stock prices and push the economy off ... Wed, 12 Dec 2012 10:18:00 GMT http://www.mail.com/business/markets/1760704-us-economy-withstand-fall-cliff.html 2012-12-12T10:18:00Z http://www.mail.com/business/markets/1757646-asia-stocks-gain-unfazed-nkorea-rocket-launch.html BANGKOK (AP) — Asian stock markets rose Wednesday as a German business confidence survey alleviated concerns that Europe's largest economy might fall into recession. Investors brushed off North Korea's latest test launch of a long-range rocket. The ZEW indicator of economic sentiment defied expectations by rising to plus 6.9 points, from minus 15.7 in Nov... Wed, 12 Dec 2012 02:10:00 GMT http://www.mail.com/business/markets/1757646-asia-stocks-gain-unfazed-nkorea-rocket-launch.html 2012-12-12T02:10:00Z http://www.mail.com/business/markets/1757854-fed-expected-to-launch-bond-buying-program.html WASHINGTON (AP) — With a nervous eye on the "fiscal cliff," the Federal Reserve is expected this week to announce a new bond-buying plan to support the U.S. economy. The goal would be to further reduce long-term interest rates and encourage borrowing by companies and individuals. If it succeeds, the Fed might at least soften the blow from tax increases an... Tue, 11 Dec 2012 10:33:00 GMT http://www.mail.com/business/markets/1757854-fed-expected-to-launch-bond-buying-program.html 2012-12-11T10:33:00Z http://www.mail.com/business/economy/1750652-us-job-gains-defy-sandy-fears-fiscal-cliff.html WASHINGTON (AP) — It takes more than a superstorm to derail the U.S. job market. Employers added 146,000 jobs in November and the unemployment rate dipped to 7.7 percent, a four-year low, the government said Friday. Though modest, the job growth was encouraging because it defied disruptions from Superstorm Sandy and employers' concerns about impending tax... Fri, 07 Dec 2012 23:11:00 GMT http://www.mail.com/business/economy/1750652-us-job-gains-defy-sandy-fears-fiscal-cliff.html 2012-12-07T23:11:00Z http://www.mail.com/business/economy/1750348-german-central-bank-cuts-2013-growth-forecast.html BERLIN (AP) — Germany's central bank sharply cut its 2013 economic growth forecast to 0.4 percent on Friday, while poor industrial production figures underlined expectations of a weak winter for Europe's biggest economy. The Bundesbank cut its outlook for gross domestic product growth next year from the 1.6 percent it predicted in June. It also lowered it... Fri, 07 Dec 2012 11:44:00 GMT http://www.mail.com/business/economy/1750348-german-central-bank-cuts-2013-growth-forecast.html 2012-12-07T11:44:00Z http://www.mail.com/news/politics/1750314-ap-gfk-poll-obama-approval-rises-postelection.html WASHINGTON (AP) — A month after the bitterly fought election, President Barack Obama has his highest approval ratings since the killing of Osama bin Laden, according to an Associated Press-GfK poll, and more Americans say the nation is heading in the right direction now than at any time since the start of his first term. Obama's approval rating stands at ... Fri, 07 Dec 2012 07:27:00 GMT http://www.mail.com/news/politics/1750314-ap-gfk-poll-obama-approval-rises-postelection.html 2012-12-07T07:27:00Z http://www.mail.com/business/markets/1750120-sandy-thought-to-slowed-us-hiring-nov.html WASHINGTON (AP) — Superstorm Sandy is widely thought to have slowed U.S. job growth last month. The only question is how much — an answer that's expected to emerge Friday in the government's jobs report for November. Yet once the storm's impact is cleared away, the report may reveal that the job market is strengthening. Many economists predict employers a... Fri, 07 Dec 2012 04:48:00 GMT http://www.mail.com/business/markets/1750120-sandy-thought-to-slowed-us-hiring-nov.html 2012-12-07T04:48:00Z http://www.mail.com/business/markets/1744544-asia-stocks-rise-us-employment-claims-dip.html BANGKOK (AP) — Asian stock markets rose Friday after the number of Americans seeking unemployment benefits fell last week, offsetting a somber economic forecast by the European Central Bank for a bleak year ahead in the region. The U.S. Labor Department said Thursday that applications dropped 25,000 last week to a seasonally adjusted 370,000, a level cons... Fri, 07 Dec 2012 04:12:00 GMT http://www.mail.com/business/markets/1744544-asia-stocks-rise-us-employment-claims-dip.html 2012-12-07T04:12:00Z http://www.mail.com/business/economy/1748542-oil-drops-bleak-outlook-europe-economy.html The price of oil fell Thursday after the European Central Bank predicted a bleak year ahead for the region's economy but stopped short of offering new measures to boost growth Benchmark oil fell $1.62, or 1.8 percent, to finish at $86.26 per barrel in New York. Brent crude, which is used to price international varieties of oil, dropped $1.78, or 1.6 perce... Thu, 06 Dec 2012 19:03:00 GMT http://www.mail.com/business/economy/1748542-oil-drops-bleak-outlook-europe-economy.html 2012-12-06T19:03:00Z http://www.mail.com/business/economy/1748142-ecb-cuts-growth-outlook-eurozone-holds-rates.html FRANKFURT, Germany (AP) — The European Central Bank warned of another gloomy year for the 17 European Union countries that use the euro, cutting its forecast for economic growth in 2013 from plus 0.5 percent to minus 0.3 percent. Even so, the bank left rates unchanged at its meeting Thursday, and ECB head Mario Draghi gave little sign he was leaning towar... Thu, 06 Dec 2012 16:45:00 GMT http://www.mail.com/business/economy/1748142-ecb-cuts-growth-outlook-eurozone-holds-rates.html 2012-12-06T16:45:00Z http://www.mail.com/business/markets/1748340-key-quotes-ecb-head-draghis-press-briefing.html FRANKFURT, Germany (AP) — At his monthly news conference following the European Central Bank's policy-setting meeting, President Mario Draghi on Thursday answered questions from reporters. Here are some highlights of the things he said: — ECONOMIC GROWTH The ECB cuts its forecast for economic growth in the 17-country eurozone next year. Draghi said growth... Thu, 06 Dec 2012 14:20:00 GMT http://www.mail.com/business/markets/1748340-key-quotes-ecb-head-draghis-press-briefing.html 2012-12-06T14:20:00Z http://www.mail.com/business/markets/1748158-ecb-president-mario-draghis-speech.html 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 meeting of the Governing Council, which was also attended by the Commission Vice-President, Mister Rehn. Based on our regular economic and monetary analyses, we decided to keep the key ECB interest rates unch... Thu, 06 Dec 2012 13:08:00 GMT http://www.mail.com/business/markets/1748158-ecb-president-mario-draghis-speech.html 2012-12-06T13:08:00Z http://www.mail.com/business/markets/1746348-us-hiring-month-was-held-sandy.html WASHINGTON (AP) — The combination of U.S. employers that shut down because of Superstorm Sandy and fears over looming tax increases and spending cuts likely slowed hiring sharply in November. A private survey released Wednesday showed companies added fewer workers last month than in October. The same picture is expected when the government issues a more c... Wed, 05 Dec 2012 21:47:00 GMT http://www.mail.com/business/markets/1746348-us-hiring-month-was-held-sandy.html 2012-12-05T21:47:00Z http://www.mail.com/business/markets/1743890-uk-treasury-chief-juggles-budget-outlook-dims.html LONDON (AP) — Britain's Treasury chief George Osborne said Wednesday that the recovery of the U.K. economy is taking longer than he had hoped and warned more spending cuts will be needed to get public finances under control. With official growth forecasts cut, Osborne had little room for maneuver but said he was trimming departmental spending to generate ... Wed, 05 Dec 2012 21:29:00 GMT http://www.mail.com/business/markets/1743890-uk-treasury-chief-juggles-budget-outlook-dims.html 2012-12-05T21:29:00Z http://www.mail.com/business/markets/1745206-ireland-imposes-6th-straight-austerity-budget.html DUBLIN (AP) — Ireland's government unveiled plans for €3.5 billion ($4.5 billion) in new taxes and spending cuts in the debt-burdened country's sixth straight austerity budget. Finance Minister Michael Noonan told a hushed parliamentary chamber that Ireland must keep slashing its deficits down to the eurozone limit of 3 percent of GDP and it "still has a ... Wed, 05 Dec 2012 17:57:00 GMT http://www.mail.com/business/markets/1745206-ireland-imposes-6th-straight-austerity-budget.html 2012-12-05T17:57:00Z http://www.mail.com/business/economy/1744992-us-factory-orders-up-08-percent-october.html WASHINGTON (AP) — Orders to U.S. factories rose modestly in October, helped by a big gain in demand for equipment that reflects business investment plans. Factory orders edged up 0.8 percent in October, the Commerce Department said Wednesday. The increase slowed from a 4.5 percent jump in September. Orders for core capital goods, a category viewed as a go... Wed, 05 Dec 2012 15:42:00 GMT http://www.mail.com/business/economy/1744992-us-factory-orders-up-08-percent-october.html 2012-12-05T15:42:00Z http://www.mail.com/business/economy/1744664-eurozone-retail-sales-slump-october.html LONDON (AP) — Retail sales across the 17 European Union countries that use the euro slumped far more than anticipated in October, largely due to a huge drop in Germany, in a development that will put more pressure on the European Central Bank to cut borrowing rates soon. Eurostat, the EU's statistics office, said Wednesday that eurozone retail sales fell ... Wed, 05 Dec 2012 12:08:00 GMT http://www.mail.com/business/economy/1744664-eurozone-retail-sales-slump-october.html 2012-12-05T12:08:00Z http://www.mail.com/business/markets/1741390-australia-lowers-key-interest-rate-to-3-percent.html SYDNEY (AP) — Australia's central bank cut its benchmark interest rate by a quarter percentage point Tuesday, taking it to its lowest level since the global financial crisis, as slower growth in China, uncertainty over the U.S. outlook and stubbornly weak conditions in Europe undermine the Australian economy. The Reserve Bank of Australia's decision to lo... Tue, 04 Dec 2012 04:37:00 GMT http://www.mail.com/business/markets/1741390-australia-lowers-key-interest-rate-to-3-percent.html 2012-12-04T04:37:00Z http://www.mail.com/business/economy/1739644-us-manufacturing-shrinks-november-to-3-year-low.html WASHINGTON (AP) — U.S. manufacturing shrank in November to its weakest level since July 2009, one month after the Great Recession ended. Worries about automatic tax increases in the New Year cut demand for factory orders and manufacturing jobs. The Institute for Supply Management said Monday that its index of manufacturing conditions fell to a reading of ... Mon, 03 Dec 2012 16:51:00 GMT http://www.mail.com/business/economy/1739644-us-manufacturing-shrinks-november-to-3-year-low.html 2012-12-03T16:51:00Z http://www.mail.com/news/world/1739390-germany-set-to-achieve-balanced-budget-this-year.html BERLIN (AP) — Germany will achieve a balanced budget across all layers of government this year thanks to a resilient economy, low unemployment, higher tax revenues and low borrowing costs, the Finance Ministry said Monday. New borrowing is forecast to fall from just under 1 percent of economic output in 2011 to zero percent this year when using the Europe... Mon, 03 Dec 2012 14:04:00 GMT http://www.mail.com/news/world/1739390-germany-set-to-achieve-balanced-budget-this-year.html 2012-12-03T14:04:00Z http://www.mail.com/business/markets/1739054-greece-launches-13-billion-bond-buyback-plan.html ATHENS, Greece (AP) — Greece revealed Monday plans to spend up to €10 billion ($13 billion) in a bond buyback program that it hopes will help stabilize its mountainous debt. The buyback is part of efforts to reform Greece's moribund economy and reduce its debt to sustainable levels, and is among steps the country is taking to secure the disbursement of vi... Mon, 03 Dec 2012 12:32:00 GMT http://www.mail.com/business/markets/1739054-greece-launches-13-billion-bond-buyback-plan.html 2012-12-03T12:32:00Z http://www.mail.com/business/economy/1733580-eurozone-unemployment-hits-record-high.html LONDON (AP) — Another month, another record unemployment rate for the economy of the 17 European Union countries that use the euro. Figures released Friday by Eurostat, the EU's statistics office, showed that the recession in the eurozone pushed unemployment up in the currency bloc to 11.7 percent in October, the highest level since the introduction of th... Fri, 30 Nov 2012 14:59:00 GMT http://www.mail.com/business/economy/1733580-eurozone-unemployment-hits-record-high.html 2012-11-30T14:59:00Z http://www.mail.com/business/markets/1733870-sandy-slowed-us-consumer-spending-pay-oct.html WASHINGTON (AP) — Americans cut back on spending last month while their income remained flat. The weakness in part reflected disruptions from Superstorm Sandy that could slow economic growth for the rest of the year. The Commerce Department said Friday that consumer spending dropped 0.2 percent in October. It was the weakest figure since May, and it compa... Fri, 30 Nov 2012 14:34:00 GMT http://www.mail.com/business/markets/1733870-sandy-slowed-us-consumer-spending-pay-oct.html 2012-11-30T14:34:00Z