Reuters – China’s manufacturing economy staged a moderate rebound in August after slowing for several months under the onslaught of government measures to rein in credit and deter property speculation.
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Chinese manufacturing snaps out of slowdown
(Reuters)
AP – The stock market ended its worst August since 2001 with meager gains Tuesday after minutes from the latest Federal Reserve meeting showed officials’ increasing concern about the economy.
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How the major stock indexes fared Tuesday
(AP)
Britain’s economy is still struggling to pull out of the doldrums. There’s on-going concern about inflation, and the new government is set to embark on the biggest round of spending cuts in a generation. But one area of the economy that remains resilient — and has throughout the recession — is Scotch whisky.
Britain’s economy is still struggling to pull out of the doldrums. There’s on-going concern about inflation, and the new government is set to embark on the biggest round of spending cuts in a generation. But one area of the economy that remains resilient — and has throughout the recession — is Scotch whisky.
AP – TOUGH JOB: Ben Bernanke is struggling to build consensus among Federal Reserve officials about what steps are needed — if any — to give the economy a boost.
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Summary Box: Bernanke seeks to build consensus
(AP)
AP – Stocks posted big gains Friday after Federal Reserve Chairman Ben Bernanke said the central bank was ready to step in if the U.S. economy showed further signs of weakening. Traders were also encouraged by a downward revision in second-quarter economic growth that wasn’t as bad as economists had expected. The Dow Jones industrial average and other indexes all gained more than 1 percent.
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How the major stock indexes fared Friday
(AP)
AP – CONSTRUCTION BOOSTS GROWTH: Britain’s economy grew by 1.2 percent during the second quarter, faster than the earlier estimate of 1.1 percent, thanks to a sharp rise in construction.
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Summary Box: British 2Q economic growth revised up
(AP)
AP – AN EARLY SLUMP: Stocks started lower Wednesday following the latest discouraging signs on the economy, but rose steadily in the afternoon as buyers returned. The Dow gained 20 points after having been down as much as 102.
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Summary Box: Stocks erase early gains; Dow up 20
(AP)
Reuters – The number of Americans expected to travel during the Labor Day weekend this year will rise 9.9 percent from 2009 as some aspects of the U.S. economy show signs of improvement, travel and auto group AAA said Wednesday.
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Labor Day travel seen up nearly 10 percent: AAA
(Reuters)
BusinessWeek – Is the American system of taxation nearing a watershed moment? It doesn’t seem like it, considering the political brawl in Washington over the soon-to-be-expired 2001 and 2003 tax cuts passed during the Bush era. Lawmakers have known for the past several years that, if they did nothing, the tax breaks would automatically end on Dec. 31, 2010. Now, Washington is scrambling as the deadline looms and the economy sputters.
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Tax Reform: These Small Steps Could Help Deficit, Economy
(BusinessWeek)
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