Debt Consolidation

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Related Debt News for our Keene Summit CA visitors

By Jason Lange WASHINGTON (Reuters) - Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course. New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday. The data was the latest to show the U.S. economy exhibiting surprising resilience in the face of harsh fiscal austerity measures enacted this year. ...

By Angela Moon NEW YORK (Reuters) - The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the economy. Still, the indexes closed well off their lows in light volume ahead of the three-day Memorial Day holiday weekend. The Dow ended slightly higher, outperforming the broader market, buoyed by a 4 percent gain in Procter & Gamble . ...

ZURICH (Reuters) - The Swiss government said on Friday it hopes to sign a free-trade agreement (FTA) with China that would be the first such deal of its kind between Beijing and continental Europe when Switzerland's economy minister visits China in July. "I hope we can sign our FTA at the occasion of my confirmed visit to Beijing in mid-July," Johann Schneider Ammann during a visit by Chinese Prime Minister Li Keqiang. Schneider-Ammann did not give further details on the content of the agreement. ...

GENEVA (AP) — Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation — the first comprehensive agreement his country has reached with a major western economy.

By Koh Gui Qing BEIJING (Reuters) - As evidence mounts that China's economy is losing momentum, economists are fast abandoning their rosy recovery forecasts and bracing for what could be the country's slowest growth rate in 23 years. In the space of five months, analysts have swung from confidently predicting a modest pick-up in the world's second-biggest economy to pondering the chance that China will miss its own 7.5 percent growth target this year. ...

By Jon Thor Viglundsson REYKJAVIK (Reuters) - Iceland must find stability by aiming for the same economic goals as those set for European Union states, even though it is skeptical about joining the EU and will keep its own currency, the new prime minister said. Iceland is still recovering from the collapse of its top three banks in late 2008 and although growth has returned, many Icelanders are disappointed at what they see as a slow recovery. ...

JOHANNESBURG (Reuters) - Malawi's economic growth is seen rebounding to 5 percent in 2013, from 1.8 percent in 2012, mainly because of an improvement in agriculture and tobacco processing, Finance Minister Ken Lipenga said on Friday. Lipenga had forecast growth of 5.5 percent at a Reuters Summit in April. Inflation is expected to slow sharply to 14.2 percent by the end of 2013, and 7 percent by end-2014. Inflation was at 35.8 percent year-on-year in April.

WASHINGTON (AP) — U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring.

KAMPALA (Reuters) - The Ugandan shilling was little changed against the dollar on Friday, but traders see the local currency weakening ahead of the 2013/2014 budget reading in early June. At 1034 GMT commercial banks quoted the currency of east Africa's third-largest economy at 2,590/2,600, barely moving from Thursday's close of 2,595/2,605. The local currency has been under elevated pressure this week after an upsurge in dollar demand by commercial banks, offshore investors and importers. Stephen Kaboyo, managing director of Alpha Capital Partners said the shilling's outlook was bearish. ...

PARIS (AP) — The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy.

BUJUMBURA (Reuters) - Burundi's trade deficit widened to $197.3 million in the first quarter from $131.4 million in the same period of 2012 as imports rose sharply, the central bank said on Friday. Export revenues nudged 1.4 percent higher, to $21.6 million, while import costs surged 43.3 percent to $218.9 million. Dependence on imports and a weak currency are seen as the main economic weaknesses for the central African country of more than 8 million people. ...

By Sarah Marsh BERLIN (Reuters) - Germany's economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment. There are homegrown problems too. What hue of government will result from September elections is injecting uncertainty and foreign investors cite worries about over-regulation and Germany's future energy mix after Chancellor Angela Merkel turned her back on nuclear power. ...

By Richard Hubbard LONDON (Reuters) - World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank stimulus may curtailed. MSCI's world equity index , which shed 1.4 percent for its second biggest daily loss of the year on Thursday, was virtually unchanged, with losses in Europe cancelling out a rise of nearly one percent in Japan's turbulent Nikkei . ...

CARDIFF (Reuters) - Britain may be as much as three quarters of the way through the process of working off the high debt levels which have weighed on the economy since the financial crisis, a top Bank of England policymaker said on Friday. Paul Fisher, one of nine members of the bank's rate-setting committee, said growth would remain weak while Britain's households, public sector, banks and other companies sought to get themselves back to financial health. ...

By William Mallard TOKYO (Reuters) - This week's turbulence in Tokyo markets exposes a key risk of Prime Minister Shinzo Abe's all-in strategy to revive Japan's economy - if investor confidence falters, the government and the Bank of Japan may be left with few options to turn the tide. On Friday, the Nikkei share average had another tumultuous session, traversing a 7.1 percent range between positive and negative territory before ending up 0.9 percent. The violent moves kept investors on edge after a 7. ...

By Florence Tan SINGAPORE (Reuters) - Crude futures are set to post their biggest weekly loss in five weeks, with Brent edging down toward $102 per barrel on Friday, as ample supply and a slow global economic recovery fuelled worries that demand for oil would be hit. Crude inventories in the United States are near record levels as the world's top oil consumer produced more from shale, while shrinking factory activity in China capped fuel demand growth at the world's No.2 user. Improved U.S. ...

By Sarah Marsh BERLIN (Reuters) - Robust private consumption helped Germany eke out meager growth in the first quarter, compensating for declines in both exports and investment, and is likely to remain a pillar of support for Europe's largest economy this year. Germany's gross domestic product (GDP) rose by 0.1 percent on the quarter and shrank by 1.4 percent on the year, final seasonally adjusted data from the Statistics Office confirmed. Private consumption added 0.4 percentage points to GDP, while gross capital investment deducted 0.3 points. Foreign trade added 0. ...

JOHANNESBURG (Reuters) - South Africa's rand was largely steady against the dollar on Friday after snapping a 10-day losing streak overnight although potential for further weakness remains as the prospect of strikes hangs over the economy. The rand was at 9.5250 to the dollar at 0706 GMT, little-changed from Thursday's close at 9.5351. The currency recouped some of its recent heavy losses on Thursday after the central bank kept interest rates on hold and said the market would be ahead of itself if it automatically priced in a rate cut soon. ...

TOKYO (AP) — Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst loss since the 2011 tsunami disaster.