Consumer spending posted only a narrow gain in December, another sign of a weak holiday shopping season and a slowing economy, although government readings on spending and personal income were a bit better than forecasts.
EU wants banks to boost lending
The EU competition commissioner says she expects banks that receive state aid to promise to lend to the real economy.
It's official: Recession since Dec. '07
The National Bureau of Economic Research said Monday that the U.S. has been in a recession since December 2007, making official what most Americans have already believed about the state of...
Crisis fears hit European shares
European shares fall amid increasing concerns over the state of the world's economy, mirroring a similar decline on Wall Street.
China factory output down sharply
China's manufacturing output fell sharply in November, figures show, just the latest sign that the global economic slowdown is impacting on its economy.
US holiday sales make solid start
The US holiday shopping season gets off to an encouraging start, with sales on the day after Thanksgiving up 3% on last year.
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