Major data releases aplenty are on the economic calendar next week.
An unusually plentiful lobster season in Maine should be good news for fishermen and crustacean lovers. But in fact, it isn't.
(Reuters) - Global oil demand growth will fall next year below already very weak levels of 2012 due to a slow-down in economic activity, the west's energy watchdog said on Friday. The outlook by the International Energy Agency (IEA) echoes similarly pessimistic forecasts revealed this week by the U.S.
Corn prices soared Friday to a record high after the U.S. government slashed its estimate of this year's harvest by nearly 17 percent to the lowest level since 1996
China reported a trade surplus of $25.1 billion in July amid slower-than-expected growth in exports and imports, raising the concern that the world's second largest economy isn't doing enough to stimulate the economy and avert a slowdown. According to the customs data released Friday, exports advanced just 1 percent in July compared to the same month last year, down from 11.3 percent in June.
(Reuters) -- China 's policymakers should be braced for a second straight day of downbeat economic data on Friday, with July trade numbers at risk of undershooting market forecasts and further raising expectations of fresh government action to shore up growth. Fear of faltering demand from China 's two biggest foreign customers - the European Union and United States - had seen economists peg back their consensus call for annual export growth to a three-month low of 8.6 percent in a Reuters poll last week, but even that could be too optimistic. "I think there is substantial downside risk given that China's industrial production surprised on the downside already," Zhang Zhiwei, chief China economist at Nomura in Hong Kong, told Reuters
Top Post-Market Nasdaq Movers (Human Genome, Netlist, Synacor, Nanosphere, Jamba, Gevo, Glu, ZAGG, Xyratex, Splunk)
The top after-market Nasdaq gainers Friday were Human Genome Sciences Inc, Netlist Inc, Synacor Inc, Nanosphere Inc and Jamba. The top after-market Nasdaq losers were Gevo, Glu Mobile Inc, ZAGG Inc, Xyratex Ltd and Splunk Inc.
Barclays ( NYSE : BCS), the U.K.'s second-largest bank by assets, had a miserable week. After settling with authorities for $435 million over manipulating Libor, the British interbank lending rate, chairman Marcus Agius resigned. The next day, Boston-bred CEO Bob Diamond and COO Jerry del Missier followed, leaving the bank virtually leaderless
Three of the world's biggest financial institutions in the U.S. are closing their European money market funds to new investments after the European Central Bank (ECB) reduced its benchmark rate to a record low of 0.75 percent and slashed deposit rates to zero on Thursday, undermining global investor confidence. JPMorgan Chase ( NYSE : JPM), Goldman Sachs ( NYSE : GS) and BlackRock Inc
The pace of bankruptcy filings in the U.S. is slowing down to pre-recession levels, but don't cheer just yet -- because hundreds of thousands of Americans might have been too broke to file for bankruptcy