South Korea’s economy expanded 1.3 percent in the three months through March from the previous quarter, compared with an April estimate of a 1.4 percent gain, the Bank of Korea said in Seoul today. From a year earlier, the economy grew 4.2 percent, equal to the earlier estimate.
BusinessWeek.com — Finance
German unemployment fell in May for a 23rd straight month as export-driven growth and increased spending by businesses and consumers extended a jobs boom.
BusinessWeek.com — Finance
Ben S. Bernanke’s $ 600 billion strike against deflation is paying off, as stock and debt markets rise, bank lending grows and economists forecast faster growth.
BusinessWeek.com — Finance
The benchmark index for U.S. stock options tumbled to a three-year low, driven down by smaller equity price swings and a report showing manufacturing in the New York region expanded in April at the fastest rate in a year.
BusinessWeek.com — Finance
Manufacturing in the U.S. expanded in March at close to the fastest pace in almost seven years, reinforcing signs the industry will propel growth in the world’s largest economy.
BusinessWeek.com — Finance
U.S. stocks advanced, giving the Standard & Poor’s 500 Index its biggest weekly rally since February, after Oracle Corp.’s profit forecast beat analyst estimates and the rate of economic growth was revised higher.
BusinessWeek.com — Finance
China’s manufacturing expanded at the slowest pace in six months as higher interest rates and lending curbs aimed at containing inflation damped demand.
BusinessWeek.com — Finance
Ally Financial Inc., the U.S.-owned lender preparing for an initial public offering, is bolstering ties to General Motors Co. dealers amid signs the automaker may become a rival in vehicle financing.
BusinessWeek.com — Finance
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