US economy recovering despite bumps: Fed
Marlborough: Two Federal Reserve policymakers yesterday agreed that the US economy was recovering gradually, although it has hit a few "bumps in the road".
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Consumer spending up
Washington: US consumer debt outstanding surged in July, as shoppers whipped out their credit cards and took advantage of incentives to buy new cars, according to a Federal Reserve report yesterday.
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NY economy outlook stays downbeat
New York: One year after New York Citys financial district was devastated by the September 11 attacks, the economic outlook for the Big Apple is downbeat because service-oriented businesses that are the citys lifeblood are still sputtering. New York Citys economy has shown signs it might be stabilizing. 
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No going backwards, feel economists
Washington: An overwhelming majority of private-sector economists say there is no more than a 25% chance the economy will sag back into recession. 
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IMF head says global economy willl recover
New York: The head of the International Monetary Fund said on Tuesday that while global economic prospects have weakened since the September 11 attacks, the recovery should continue despite risks to the outlook.
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Asean-India inaugural meet on Sunday
Kuala Lumpur: An inaugural economic meeting between southeast Asian countries and India in Brunei on Sunday will explore areas for cooperation in promoting trade and investment, Malaysia's trade minister said Tuesday.
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Fed says US economy recovering despite bumps
New York: Two Federal Reserve policymakers on Monday agreed that the US economy was recovering gradually, although it has hit a few "bumps in the road".
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Fed may delay rate cuts: Survey
Washington: Wall Street's top economists have pushed back expectations for further rate cuts from the Federal Reserve after a slightly stronger than expected employment report for August, a Reuters survey found on Friday. 
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BIS starts search for crockett successor 
Zurich: The Bank for International Settlements has started looking in earnest for a new general manager with a committee of senior central bankers outlining the criteria for a successor to Andrew Crockett, a contender to take over the reins at the Bank of England. 
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