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Chinese manufacturing rebounds in August

Manufacturing in China rebounded in August, surveys showed Wednesday, easing concerns the economy was heading for a sharp slowdown in the second half of 2010. The turnaround was underpinned by domestic orders, but analysts warned that demand in the United States and Europe -- major buyers of Chinese-made shoes, electronic gadgets and clothes -- would weaken in the coming months. The HSBC ...

Pakistan troops on 'war footing' to save city

Pakistani troops and workers were on a "war footing" Sunday as they battled to save the deserted southern city of Thatta after most of the population of 300,000 fled the advancing flood waters. Torrential monsoon rains have triggered massive floods that have moved steadily from north to south over the past month, engulfing a fifth of the volatile country ...

German economy posts strong growth, data

The German economy grew by 2.2 percent in the second quarter from the previous three-month period, final figures showed Tuesday and could expand by a record 3.4 percent for the full year, a business federation has forecast. The national statistics office confirmed its previous estimate for Europe's biggest economy, which also showed 12-month growth 4.1 percent ...

People will return to vacation in this area and purchase condos again

Greetings from Destin, Florida... Ground Zero for the Double Whammy. I'm talking about the one-two punch of: The thing you have to realize is, both of these issues will go away some day... People will return to vacation here. And people will buy condos here again. You ...

Work still needed to repair economic damage: Obama

US President Barack Obama admitted Thursday the progress he had wrought in turning around the economy was not yet sufficient to repair the "enormous damage" of the worst recession in decades. But Obama argued in Michigan, on his latest trip to highlight his stimulus plan, that his policies were working, and that the country was heading in the right direction ...

China economy slows, still in Beijing's comfort zone

BEIJING (Reuters) - China's economy cooled in the second quarter, a slowdown that is likely to extend over the rest of the year as Beijing steers monetary and fiscal policy back to normal after a record credit surge to counter the global crisis. Annual gross domestic product growth moderated to 10.3 percent from 11.9 percent in the first ...

Ex-doorman: Fear ruled the Strip

With so many Nevadans terrified of becoming part of the highest unemployment rate in the nation, the rumbling among the rank and file at some Las Vegas resorts is that management by intimidation is running rampant in the Great Recession.
But in his book ÒUnder the Neon Sky: A Las Vegas DoormanÕs Story,Ó author Jay Rankin ...

New Zealand's annual current account deficit fell to its lowest level for two decades in the year to March due to the impact of the global economic slowdown, official figures showed Wednesday. The current account deficit -- a measure of trade and investment flows in and out of a country -- came to 4.5 billion dollars (3.2 billion US ...

North American stocks gave back gains Monday as enthusiasm for China currency policy faded

Today on Stockhouse Your opinion matters. Submit an article to Stockhouse today at submissions@stockhouse.com. Submission guidelines can be found here. Peter Krauth of Money Morning offers two ways to profit from 'Peak Oil'. While Sy Harding suggests double-dip recession chatter may no longer be ...

Most students "optimistic" about prospects

LONDON (Reuters) - The majority of final year students graduating this year are optimistic about their prospects after university, whether in a career or not, according to a survey. Three-quarters of those asked said they would not rule out becoming a full-time carer to an elderly parent and 32 percent of men said they would consider quitting their jobs to look ...

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