Economy - BOJ Hawk Mizuno Says Fed Cut Would Change Debate

BOJ Hawk Mizuno Says Fed Cut Would Change Debate
CNBC - The Bank of Japan policy board's lone advocate of a rate hike said on Thursday a cut in U.S. rates would change the basis of discussion, as central banks wonder how gyrating markets will affect the world economy. The unexpectedly cautious tone from

ANALYSIS-Short diesel, long gasoline if US economy falters?
Reuters UK - SINGAPORE, Aug 30 (Reuters) - As oil traders weigh up the rising risk of a weaker U.S. economy, some analysts warn that the varied impact on global demand for refined fuels may not follow the precedent set in previous downturns. Europe's growing

Schools, economy subjects of Greensboro 'State of Our Community' lunch
MSN MoneyCentral - Improving Guilford County Schools and an improving Greensboro economy were two of the main topics during the "State of Our Community" luncheon, hosted Wednesday by the Greensboro Partnership. Alan Duncan, chairman of the Guilford County school board

Philippines Posts 7.5 Percent GDP Growth
Forbes - The Philippine economy grew 7.5 percent in the second quarter compared to a year ago, the fastest rate in two decades, President Gloria Macapagal Arroyo said Thursday. "Our economic plan is working. Today we have the latest glowing indicators to show

Michigan Economy Dipped in July, Reports Comerica Bank's Michigan
MSN MoneyCentral - DETROIT, Aug. 29 /PRNewswire-FirstCall/ -- The Michigan Business Activity Index compiled by Comerica Bank fell 2 points in July to 105, partially reversing the 3 point rise in June. So far this year, the index has averaged 104, essentially the same

Layoffs in mortgage industry loom large
Seattle Times - The U.S. economy is expected to have created 120,000 jobs in August, but that figure belies the problems in one pocket of the labor market. The mortgage industry has slashed nearly 25,000 jobs so far this month, and the potential labor impact of the

Nobel Laureate Sees No Recession in U.S.
MSN MoneyCentral - The former World Bank chief economist says rising defaults on U.S. subprime mortgages have increased risks to the economy, with a worsening housing slump, credit problems and turbulence in global financial markets. Stiglitz says the credit crunch was

Liberals to come out swinging
Globe and Mail - Canada's economy has been driven largely by its resource sector in recent years, but the manufacturing sector has faced sharp global competition and a high dollar that hurt export profits - and jobs. Although the Conservatives have signalled they also