Indonesia’s economy grows at 6% in the first three months of the year, its slowest pace in more than two years, as exports slow.
Confidence among UK businesses is continuing to improve, a survey suggests, despite slow growth in the economy.
Excerpt from: UK business confidence ‘improving’
The world’s major economies will see stronger growth this year, but Europe’s recovery will continue to be slow, the OECD says.
Excerpt from: ‘Stronger growth’ for big economies
The bull market is older than most, but the slow recovery may, ironically, let the fun last a while longer.
View original post here: 5 reasons this bull market can still run
Proposed limits on banker bonuses would cause the slow death of what continues to be, despite over regulation and higher taxes, a very profitable industry for Europe.
Originally posted here: European bonus caps won’t see the light of day
Wal-Mart says sales were slow at the start of February and warns they will remain sluggish throughout the current quarter.
Continued here: Wal-Mart warns of sluggish sales
Deputy prime minister strikes cautious note in City speech and demands ‘balanced and engaged’ approach to Europe
The deputy prime minister, Nick Clegg, is warning that Britain’s recovery remains “slow and fitful”, despite expectations that the UK will finally emerge from recession when GDP figures are released on Thursday
In a speech to financial services bosses at the CityUK annual dinner on Wednesday night, Clegg decided to strike a cautious note as he made an attempt to woo the City and occupy the political centre ground.
The Liberal Democrat leader said his party was a “sensible, centrist and pragmatic” influence in government.
“Bluntly, with the economy still fragile, this is not the time for dogma,” he said.
“There’s a lot of speculation about what the GDP figures will bring. Whatever they look like, we know that, overall, we’ve set the economy on the right path.
“But recovery is slow and fitful. Repairing the damage following the shock in 2008 is a gradual healing process. And the government must remain absolutely focused on the reforms that will drive growth.”
He also sought to expose differences between the Lib Dems and their Tory partners by insisting a “balanced and engaged” approach to Europe was vital for the UK’s prospects.
Analysts predict a 0.6% rise in GDP for the third quarter, potentially lifting the economy out of the longest double-dip recession since the second world war.
The Olympics and a bounceback after the diamond jubilee bank holidays are thought to have helped drag the country out of the mire.
The prime minister says the UK is going through a “slow and difficult healing process” rebalancing its economy, as the IMF downgrades growth forecast.
Read more from the original source: PM: UK economy ‘slowly healing’
Category : Stocks
Exxon Mobil (XOM) returns to normal production at its oil refinery in Torrance, Calif., following an outage at a Southern California Edison substation on Monday which caused some units to shut down and others to slow down. Gas prices in California have spiked recently due largely to XOM and other California refineries being forced to shut down operations over the outage. 1 comment!
Original post: Exxon Mobil (XOM) returns to normal production at its oil refinery in Torrance, Calif., following an outage at a Southern California Edison substation on Monday which caused some units to shut down and others to slow down. Gas prices in California…