Eurozone deflation fears grow
Eurozone deflation fears increased today after Eurostat, the European Union’s statistical agency, published figures showing that inflation dropped to 0.7% in January, compared to...
US economic forecast 2014, stronger growth
The US economic forecast for 2014 has been revised upward by The Conference Board of Canada in a new report US Outlook: Winter 2014.
The...
Air passenger complaints higher with established airlines
Established airlines are more likely to get air passenger complaints compared to cheaper airlines, regardless of the quality of service, says a new MIT...
Shell profit warning, cuts spending
A Shell profit warning was followed by an announcement that the Anglo-Dutch company is cutting spending and streamlining operations.
It is also suspending its Arctic...
December pending home sales fell, US
December pending home sales in the US fell steeply, says the National Association of Realtors, which stressed that abnormal weather conditions throughout the country...
US GDP grew 3.2% during Q4 2013, and accelerated since then
The Department of Commerce informed today that US GDP grew by 3.2% in the last quarter of 2013.
It added that economic activity has accelerated...
Most Facebook revenue is generated from advertising
Facebook revenue increased by 63%, reaching $2.6 billion in the fourth quarter of 2013, while profits jumped to $523 million compared to just $64...
Fed bond buying reduced to $65 billion per month
The Federal Open Market Committee (FOMC), the Federal Reserve’s policy-making committee, says today that it will reduce its bond purchases in February from the...
Boeing profits increase by 26% to $1.23bn in Q4 2013
Boeing profits for the fourth quarter of 2013 increased by 26% to $1.23 billion, and revenue rose 7% to $23.79 billion.
However, the company added...
Curbing risky banking activities, European Commission unveils proposals
The European Commission has unveiled some proposals aimed at curbing risky banking activities.
Banks would be banned from using their own funds for investing, a...