South Korea’s inflation will exceed President Lee Myung Bak’s target this year and growth will be slower than previously forecast after global demand weakened and energy costs climbed, Finance Ministry forecasts showed today.
BusinessWeek.com — Finance
Analysts are increasing forecasts for S&P 500 Index companies as the biggest expansion in profitability since 2002 ends
BusinessWeek.com — Finance
Analysts are increasing sales forecasts for Standard & Poor’s 500 Index companies by the most in three years, compensating investors as the biggest expansion in profitability since 2002 ends.
BusinessWeek.com — Finance
Orders for durable goods climbed more than forecast in May after slumping the prior month, easing concern manufacturing will share in an extended U.S. growth slowdown.
BusinessWeek.com — Finance
European stocks sank, falling to their lowest level since March, as banks led a selloff after Federal Reserve Chairman Ben S. Bernanke cut his growth forecast for the world’s largest economy.
BusinessWeek.com — Finance
More Americans than forecast filed first-time claims for unemployment insurance payments last week, showing companies are less confident about the expansion than they were earlier this year.
BusinessWeek.com — Finance
Asian stocks fell, driving the region’s key index lower for the first day in three, after the U.S. Federal Reserve lowered its growth forecast for the world’s biggest economy and said further stimulus measures are unlikely, fueling global growth concerns.
BusinessWeek.com — Finance
The index of U.S. leading indicators rebounded in May after declining for the first time in almost a year, a sign economic growth may pick up by the end of 2011.
BusinessWeek.com — Finance
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