U.S. airlines are expected to carry more passengers this spring than they have in seven years, Washington-based trade group Airlines for America said on Wednesday.
Tags: Economy
China infuses GBP 14B emergency funds into banking system to bridge gap of cash supply position
Underlining the erupting problem of liquidity crunch in its financial system, the world's second largest economy's central bank the 'People's Bank of China' has released GBP14 billion emergency funds into the domestic banking system to support the cash supply mechanism.
China central bank official sees downward pressure on economy persisting: paper
Downward pressure on China's economy will persist in the second half of the year as growth in infrastructure spending and exports is unlikely to pick up, a senior central bank official was quoted as saying.
China economy loses more steam in April, further stimulus on the cards
China's money supply grew at its slowest pace on record and investment growth sank to its lowest in nearly 15 years as April data showed the world's second-largest economy was still losing momentum despite a concentrated burst of policy easing.
China says employment resilient despite slower economic growth
China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labor ministry warned that authorities cannot be "blindly optimistic" as the pace of job creation is slowing.
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The International Monetary Fund has agreed to pump $10 billion into Ukraine's troubled economy over the next year, providing swift assistance for the country's struggling finances as part of a larger four-year bailout.
President Dilma Rousseff appealed to Brazilians on Sunday to back fiscal austerity policies, while saying that the belt-tightening will last as long as needed and positive results will only start showing at the end of this year.
A rare five-dollar gold piece and a prized silver dollar each could fetch $10 million or more in upcoming auctions, making the American rare coin market as attractive, though not nearly as glamorous, as fine art.
Egypt wants to attract foreign direct investments worth $60 billion and to get an average growth rate of 7 percent over the next four years, the country's planning minister said.
China's cooling growth prospects and an interest rate decision in Russia will shift the economic agenda away from the euro zone next week, although Greece remains firmly in the spotlight because of its precarious funding outlook.
Bank of Canada Governor Stephen Poloz said recent evidence suggests damage from the oil shock is hitting the economy earlier and spreading faster than anticipated, but that this could also point to an earlier rebound, the Globe and Mail reported on Friday.
Euro zone producer prices fell by more than expected in January, pulled down by plunging costs of energy, data from the European Union's statistics office Eurostat showed on Tuesday.
Japanese households cut spending further and retail sales fell for the first time in seven months in January, data on Friday is likely to show, a sign the central bank's radical stimulus has yet to convince consumers that inflation will take hold.
France's lower house of parliament approved a law on Saturday letting shops open more often on Sundays, the latest measure in the government's pro-growth bill intended to lift the sluggish economy.
