Economic News Update – Economy Grows at Slightly Faster Pace in Q3

Economy Grows at Slightly Faster Pace in Q3
The economy grew slightly faster last summer as Americans spent a little more freely.

Economy grows at slightly faster pace in Q3
Washington — The government’s latest reading on economic growth offers little benefit to Democrats who face deep losses in Tuesday’s elections.

Reforms needed, not rate control – ANZ
ANZ boss Mike Smith says future economic reforms are necessary for the economy.

Economy expands, but good news ends there
WASHINGTON — The last read on the economy before the midterm elections found Americans are spending a little more but not nearly enough to bring down high unemployment — one final bit of bad news for Democrats.The economy expanded at a 2 percent pace from July to September , the Commerce Department said Friday. It marked a slight improvement from the scant 1.7 percent growth rate in the …

Economy grows at slightly faster pace in third quarter
WASHINGTON – The government’s latest reading on economic growth offers little benefit to Democrats who face deep losses in Tuesday’s elections. The economy grew slightly faster last summer as Americans spent a little more – but far too little to reduce the high unemployment that is frustrating voters. The Commerce Department said Friday that the economy expanded at a 2 percent annual rate in the …

RBI may issue some banking licences this fiscal: Finance ministry
The government today said it expects the Reserve Bank to issue banking licences to some new players this fiscal, with the likes of Reliance Capital, Tata Group and AV Birla Group aspiring to enter the sector.

Industry eyes bigger slice of banking pie
THE Global Islamic Finance Forum (GIFF) 2010 ended yesterday, leaving in its wake a greater awareness of the growing importance of Islamic finance in the world.

Economy grows slightly faster in Q3
WASHINGTON — The government’s latest reading on economic growth offers little benefit to Democrats, who are likely to face deep losses in Tuesday’s elections. The economy grew slightly faster over the summer as Americans spent a little more — bu …

Labour to keep watch Aussie banking inquiry
An inquiry launched in Australia to investigate banking competition and fees following record profits by major lenders will be closely monitored on this side of the Tasman, says Labour’s finance spokesman David Cunliffe.

Survey sees economy improving in ’11
WASHINGTON – The job market and the economy will improve only slightly next year, according to an Associated Press survey of leading economists whose outlook for 2011 has dimmed over the past three months.

Economic growth still slow
WASHINGTON — The last read on the economy before the midterm elections found Americans are spending a little more but not nearly enough to bring down high unemployment — one final bit of bad news for Democrats.

Economy grows at slightly faster pace in Q3
WASHINGTON (AP) – The economy grew slightly faster last summer as Americans spent a little more freely. Yet it remains too weak to reduce high unemployment just as Democrats face deep losses in Tuesday’s elections.