/Business/Economy/index.html Business / Economy zh-cn Use Chinese Information to find breaking news, current events, the latest headlines, news photos, analysis & opinion on top stories, world, business, politics, entertainment, sports, technology, and more. admin@soulflying.com /Business/Economy/20081026/790.html A car passes a petrol station in front of the OPEC headquarters in Vienna October 24, 2008. An emergency OPEC meeting on Friday reached swift agreement to chop production by 1.5 million barrels oil per day (bpd) as a first step toward halting a deep 2008-10-26 Economy Soulflying Yahoo.com /Business/Economy/20080221/363.html HOUSTON - Former Federal Reserve Chairman Alan Greenspan said Thursday night the American economy is clearly on the edge of a recession, and he pointed to the depressed housing market as a primary culprit. In dinner remarks to about 1,100 energy ind 2008-02-21 Economy JOHN PORRETTO ap.org /Business/Economy/20080221/337.html NEW YORK (Reuters) - The Dow and Nasdaq slipped on Friday on concerns about consumer spending after an index of consumer sentiment fell to a 16-year low and retailer Best Buy (BBY.N) warned that shopper traffic dropped off after the holidays. The SP 2008-02-21 Economy Jennifer Coogan Reuters.com /Business/Economy/20080221/336.html Even when experts were declaring the economy healthy, many Americans voiced a vague, but persistent dissatisfaction. True, jobs were relatively plentiful over the last few years. It was easy to borrow and very cheap. The sharp rise in the value of h 2008-02-21 Economy ADAM GELLER ap.org /Business/Economy/20080221/335.html Consumer spending is likely to slow significantly because of tighter credit conditions, according to Tim Besley, an external member of the Bank of England's monetary policy committee. Small increases in the price of credit can significantly deter ho 2008-02-21 Economy Chris Giles FT.com /Business/Economy/20080221/334.html SINGAPORE - Improved efficiency has helped airlines better prepare for a possible global economic slowdown compared to the last major recession, but expensive fuel continues to hurt bottom lines, an airline industry group said Monday. The airlines a 2008-02-21 Economy GILLIAN WONG ap.org /Business/Economy/20080221/333.html I would tell audiences that we were facing not a bubble but a froth - lots of small, local bubbles that never grew to a scale that could threaten the health of the overall economy. Alan Greenspan, The Age of Turbulence. That used to be Mr Greenspan' 2008-02-21 Economy Martin Wolf FT.com /Business/Economy/20080221/332.html NEW YORK - Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand. At the pump, gas prices rose further above $3 a gallon 2008-02-21 Economy JOHN WILEN ap.org /Business/Economy/20080201/182.html WASHINGTON Buffeted by soaring fuel prices and tighter credit, consumers increased their spending at the weakest pace in six months. In other signs of trouble, applications for unemployment benefits last week soared by the largest number since Hurri 2008-02-01 Economy MARTIN CRUTSINGER ap.org /Business/Economy/20080201/181.html CHICAGO (Reuters) - Darke County Dave, a local hog, will opine -- or oswine -- on America's economic outlook on Friday, the Ohio treasurer's office said. In his inaugural outing, Dave will choose between a trough of sugar or one of sawdust to gauge 2008-02-01 Economy Ros Krasny Reuters.com /Business/Economy/20080201/180.html WASHINGTON (Reuters) - The number of U.S. workers filing new claims for jobless aid surged last week to the highest since October 2005, and consumer spending softened at the end of last year, according to reports on Thursday that heightened worries 2008-02-01 Economy Joanne Morrison Reuters.com /Business/Economy/20080201/179.html WASHINGTON (Reuters) - The Senate on Thursday pushed back until next week a showdown on an economic stimulus package, with Democrats seeking to expand the tax rebates and other benefits approved by the House of Representatives. Senate Majority Leade 2008-02-01 Economy Richard Cowan & Thomas Ferraro Reuters.com /Business/Economy/20080201/178.html Pity the Federal Reserve. Given extreme uncertainty about the trajectory of the US economy, it is like a poker player in a hand with a big pot and every player still in: placing a monetary policy bet takes luck as much as judgment. A sound case can 2008-02-01 Economy Unknown FT.com /Business/Economy/20080126/20.html The Bank of England's monetary policy committee voted eight to one to leave interest rates unchanged last month, according to minutes of the meeting published on Wednesday, while official statistics showed growth slowed slightly less than expected i 2008-01-26 Economy Delphine Strauss FT.com /Business/Economy/20080126/19.html WASHINGTON (Reuters) - President George W. Bush insisted on Wednesday that the economic stimulus package he is working on with Congress will be robust enough to help the U.S. economy. I talked to them about my desire to work with the Congress to get 2008-01-26 Economy Unknown Reuters.com /Business/Economy/20080126/18.html NEW YORK (Reuters) - Sovereign Bancorp Inc (SOV.N), the second-largest U.S. savings and loan, on Wednesday posted a $1.6 billion quarterly loss and canceled its dividend following a larger-than-expected write-down for consumer credit losses and a 20 2008-01-26 Economy Jonathan Stempel Reuters.com /Business/Economy/20080126/17.html WASHINGTON (AFP) - Federal Reserve chairman Ben Bernanke is facing the biggest challenge of his career amid fears the US economy is sinking into a recession, analysts say. Market criticism of Bernanke, who presided over a surprisingly deep interest 2008-01-26 Economy Justin Cole AFP.com /Business/Economy/20080126/16.html DAVOS, Switzerland (Reuters) - Nasdaq Stock Market (NDAQ.O) President and Chief Executive Bob Greifeld said on Thursday a U.S. stimulus package had the ability to forestall a recession in the world's largest economy. I think the stimulus package tha 2008-01-26 Economy Unknown Reuters.com /Business/Economy/20080126/15.html NEW YORK - Oil futures jumped more than $2 a barrel Thursday after the Bush administration and Congressional leaders agreed to an economic stimulus plan that will give most Americans tax rebates of $600 to $1,200, or even more if they have kids. Pri 2008-01-26 Economy JOHN WILEN ap.org /Business/Economy/20080126/14.html WASHINGTON (AFP) - US existing home sales fell 2.2 percent in December as the beleaguered housing market saw no relief from its woes, data releases Thursday showed. The National Association of Realtors reported an annualized sales pace of 4.89 milli 2008-01-26 Economy Unknown AFP.com /Business/Economy/20080126/13.html WASHINGTON (Reuters) - The pace of existing home sales in the United States fell by 2.2 percent in December to a slower-than-expected 4.89 million-unit annual rate, the National Association of Realtors said in a report on Thursday. The inventory of 2008-01-26 Economy Unknown Reuters.com /Business/Economy/20080126/12.html The US housing market closed the books on a dismal year on Thursday, recording a 2.2 per cent drop in the pace of existing home sales in December to an annual rate of 4.89m units, which was slower than expected. The consensus on Wall Street was that 2008-01-26 Economy James Politi FT.com /Business/Economy/20080126/11.html NEW YORK (Reuters) - Stocks rose on Thursday, after government leaders agreed on a plan for tax rebates to stimulate the U.S. economy and a healthy outlook from cell- phone chip maker Qualcomm helped drive the Nasdaq up sharply. Concerns that the ec 2008-01-26 Economy Caroline Valetkevitch Reuters.com /Business/Economy/20080126/10.html NEW YORK (Reuters) - Enron Corp creditors said on Thursday they have filed court documents seeking remedies from benefits outsourcing firm Hewitt Associates Inc (HEW.N) for mistakes made in allocating funds from legal settlements stemming from the e 2008-01-26 Economy Unknown Reuters.com /Business/Economy/20080126/9.html The US economy may not be growing at all, but it is not yet clear that it is falling into recession, former Federal Reserve chairman Alan Greenspan has told the Financial Times. Mr Greenspan said: The reason we have had this extraordinary volatility 2008-01-26 Economy Krishna Guha FT.com /Business/Economy/20080126/8.html WASHINGTON (Reuters) - Sales of previously owned U.S. homes fell more than expected in December, ending a year that brought the sharpest housing slowdown since 1982 and the first annual drop in prices since the Great Depression. But as the economy h 2008-01-26 Economy Joanne Morrison Reuters.com /Business/Economy/20080126/7.html WASHINGTON (Reuters) - The White House and the Democratic-led Congress on Thursday reached a tentative deal on an economic stimulus package of tax rebates for families and incentives for business investment with a cost that a top Democrat said may e 2008-01-26 Economy Richard Cowan & Donna Smith Reuters.com /Business/Economy/20080126/6.html WASHINGTON - Sales of existing single-family homes plunged in 2007 by the largest amount in 25 years, closing out an awful year that saw median prices fall for the first time in at least four decades. The National Association of Realtors reported Th 2008-01-26 Economy MARTIN CRUTSINGER ap.org /Business/Economy/20080126/5.html WASHINGTON (Reuters) - President George W. Bush and congressional leaders agreed on Thursday on a $150 billion package of tax rebates and business incentives meant to ward off a recession in the world's largest economy. The deal between the White Ho 2008-01-26 Economy Richard Cowan & Donna Smith Reuters.com /Business/Economy/20080126/4.html SEOUL, South Korea - South Korea's economic growth accelerated in the fourth quarter on strength in exports and manufacturing, the Bank of Korea said Friday, with economists expressing optimism the country can weather a possible global slowdown. Gro 2008-01-26 Economy KELLY OLSEN ap.org /Business/Economy/20080126/3.html WASHINGTON - A component of the government's tentative economic stimulus package announced Thursday would give an immediate lift to buyers and sellers in higher-priced housing markets. The package agreed upon by Democratic and Republican members of 2008-01-26 Economy ALAN ZIBEL ap.org /Business/Economy/20080126/2.html DAVOS, Switzerland - Buoyed by optimism from Bill Gates, business and government leaders at the World Economic Forum on Friday set aside two days of confronting fears and considered the positive things they can do. Gates, the Microsoft chairman and 2008-01-26 Economy ALEXANDER G. HIGGINS ap.org /Business/Economy/20080126/1.html WASHINGTON - A much-anticipated deal between the White House and once-warring House leaders to speed tax rebate checks to workers starting in May has the Senate in a bind over whether to try to add to the measure. Few public developments were expect 2008-01-26 Economy ANDREW TAYLOR ap.org