U.S. jobs, service sector data suggest Fed could taper soon
WASHINGTON/NEW YORK (Reuters) – Solid U.S. jobs and service sector data on Thursday bolstered views the Federal Reserve could start slowing its bond-buying program as soon as this month, but plunging orders for factory goods highlighted uncertainty aro…
Draghi cautious on recovery, says ECB ready to act
FRANKFURT (Reuters) – The European Central Bank said on Thursday it was ready to cut interest rates or pump more money into the euro zone economy if needed to bring money market rates down and help the euro zone’s “very, very green” recovery.
Exclusive: Oil & gas industry fears more deep-sea leaks linked to drill fluid
By Stephen Eisenhammer, Oleg Vukmanovic and Muriel Boselli
Global economic growth hits 2-1/2 year high in August
LONDON (Reuters) – Global economic growth hit a 2-1/2 year high last month, with bumper expansion in both services and manufacturing activity, a survey showed on Thursday.
Decision on third Greek bailout set for November: officials
BRUSSELS (Reuters) – The euro zone is likely to decide on a third bailout for Greece in November, after international inspectors finish an assessment of Greece’s struggles to carry out painful reforms, officials said on Thursday.
Ammunitions maker ATK boosts sporting business with Bushnell deal
(Reuters) – Alliant Techsystems Inc , the world’s largest ammunitions maker, will buy gun accessories company Bushnell Group Holdings Inc for $985 million as it shifts focus to a fast-growing shooting sports business from a spending-constrained defense…
U.S. factory orders post sharpest decline in four months
WASHINGTON (Reuters) – New orders for U.S. factory goods dropped in July by the most in four months, a worrisome sign for economic growth in the third quarter.
U.S. service sector growth rate near eight-year high in August: ISM
NEW YORK (Reuters) – The pace of growth in the U.S. services sector accelerated in August to its fastest pace in almost eight years, an industry report showed on Thursday.
Pimco’s Gross says global economy has become increasingly unstable
NEW YORK (Reuters) – Pimco’s Bill Gross, manager of the world’s largest bond fund, said on Thursday that the global economy has become difficult to stabilize and that investors should seek safety in shorter-dated bonds and inflation-protected Treasurie…
Global foreign exchange trade jumps more than a third in 3 years to $5.3 trillion a day: BIS
LONDON (Reuters) – Trading in foreign exchange markets jumped by more than a third in the past three years to $5.3 trillion a day, or around 90 percent of Japan’s entire annual economic output, a leading central bank survey showed on Thursday.
