AFP - Top US officials will travel to Asia, the Middle East, and South America over the coming weeks to press for “strong” sanctions against Iran, a senior US Treasury official said Thursday.
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AP - The U.S. economic recovery will remain slow deep into next year, held back by shoppers reluctant to spend and employers hesitant to hire, according to an Associated Press survey of leading economists.
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AP - New jobless claims fell last week for the third time in four weeks but remain elevated. The decline is a sign that the economy likely added jobs in July, although not enough to lower the nation’s high unemployment rate.
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AFP - New claims for US unemployment benefits fell unexpectedly last week to 457,000, down 2.4 percent from the previous week, the Labor Department said.
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AP - Mortgage rates drop to 4.54 pct., hitting lowest level on record for fifth time in six weeks. Read Original Post Here
Reuters - A string of Europe’s largest firms issued surprisingly upbeat profit reports on Thursday, bolstering an abrupt renewal of investor confidence in the region after months of debt turmoil and fears for the euro. Read Original Post Here
Reuters - Euro zone economic sentiment rose strongly in July, buoyed by figures from Germany that point to a recovery as the currency area overcomes the sovereign debt crisis, but the outlook remains uncertain. Read Original Post Here
AFP - Concerns about the strength of economic recovery in the United States weighed on Asian stocks Thursday, with traders cashing in profits from recent gains in banks.
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AP - Economic sentiment in the 16 countries that use the euro is at its highest level for over two years, the European Commission said Thursday. Read Original Post Here
AP - Germany’s unemployment rate edged up slightly to 7.6 percent in July from 7.5 percent the previous month as summer vacations started, but the labor market is still on the road to recovery, new data showed Thursday. Read Original Post Here
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