Sunday 05th of September 2010
Blog Updates
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Wall Street Journal – Economy
| WSJ.com: Economy |
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- Jury Is Still Out on Bethlehem's Bet
Las Vegas Sands' casino project at an iconic steel plant hasn't fulfilled the hopes of Bethlehem, Pa., or confirmed the city's worst fears.
- Geithner Plans China Meeting
U.S. Treasury Secretary Timothy Geithner will meet Chinese Vice Premier Wang Qishan Thursday in Beijing on his return from a two-day visit to India.
- Fed Wary of Raising Rates Too Soon
Fed officials worried about the dangers of raising interest rates too soon in the economic recovery at their March 16 meeting, newly released minutes of that session show.
- BOJ Holds Rates Steady
The Bank of Japan held rates unchanged and indicated the economy appears to have moved a step higher, but the central bank didn't officially upgrade its assessment.
- Fear Returns Over Greece
Greece's financial crisis flared back into view as doubts about a rescue plan rattled the euro and sent the country's bonds tumbling to their lowest levels since the problems began.
- Euro-Zone Growth Accelerates
Euro-zone private-sector output grew at its strongest rate for 31 months in March, fueled by a surge in activity in Germany.
- U.K. Services Sector Growth Slows
The U.K.'s dominant services sector rose at a slower pace in March, but maintained a strong rate of growth, similar to the levels recorded at the end of 2009.
- Retailers Expect Strong Sales
Retailers are expected to show strong sales growth for March, bolstering hopes that consumers are poised to join the economic recovery.
- Moody's Cuts Iceland's Outlook
Moody's Investors Service downgraded Iceland's credit-rating outlook as uncertainty over the country's external liquidity mounts amid the Icesave dispute.
- Geithner: U.S.-India Ties Key for Stability
The ability of the U.S. and India to cooperate on economic and financial issues will be critical to global efforts to create a more stable global financial system and balanced economic growth, U.S. Treasury Secretary Timothy Geithner said.
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