Washington under snow
Washington under snow

Blaming the weather for high US unemployment

Snowstorms have repeatedly battered parts of the US this winter, making it more difficult to discern returning weakness in the economy from seasonal distortions

That means key US data on jobs and manufacturing for February, which hold big implications for global financial markets, could lead to a befuddled reaction from investors.

Confusion will also...

arrowMIDDLE EAST AND AFRICA

S Africa's PMI hits three year high

South Africa's purchasing managers' index (PMI) rose to its highest level in nearly three years in February, reinforcing the view that factories are the key driver of growth after ...

arrowUSA

US Q4 economic growth revised up on inventories

The US economy grew faster than initially thought in the fourth quarter as businesses drew down inventories at a much slower pace and boosted investment, a government report shows...

arrowEUROPE

EU exec says no 20bn euro aid plan for Greece

The European Commission has denied there was any EU plan for 20-25 billion euros aid for Greece, and Germany's finance ministry said it had made no decision on aid for Athens...

arrowAMERICAS

Engineering growth

Walmart de México are ensuring its employees' development...

arrowASIA-PACIFIC

Myanmar turns to bartering

Faced with a shortage of small banknotes, people in Myanmar are resorting to bartering cigarettes, shampoo and other items...

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