Current Economy News

Aug. 28 (Bloomberg) -- New Zealand's economy is facing a serious challenge as soaring credit costs and rising fuel and food prices put consumers under pressure, Finance Minister Michael Cullen said.

A weakening global economy will blunt cellphone market sales growth this year, research firm Gartner said on Wednesday.

Aug. 27 (Bloomberg) -- Investors should buy financial and consumer stocks in Brazil and sell utilities because the economy is growing and inflation expectations ``have peaked,'' Citigroup Inc. strategists said.

Obama speech aims to show voters he can rescue US economy

WELLINGTON, Aug 28 (Reuters) - New Zealand's economy is facing serious challenges caused by tight global credit conditions and soaring commodity prices, Finance Minister Michael Cullen said on Thursday.

PEPSI CENTER — From brown cloud to green energy sources, former Denver Mayor Federico Peña said the Mile High City is an example of a clean environment being a sign of a good economy.

The U.S. Census Bureau reports real median household income rose slightly last year, and the official poverty rate stayed roughly the same as in the previous survey. The share of people without health insurance dropped slightly, as well. Some budget experts say the numbers demonstrate that the economy has stopped expanding.

Aug. 27 (Bloomberg) -- European Central Bank council member Axel Weber said there's no scope for interest-rate cuts and the bank may even need to raise borrowing costs again once the economy emerges from its slump.

Aug. 27 (Bloomberg) -- Spain's economy grew at the slowest pace in 15 years in the second quarter as record oil prices and a housing slump edged the country toward a recession.

Children must prepare diligently to be successful in a global economy and cannot "blow" one second of school or college.