Mexican president sees signs of economic recovery

September 30th, 2009 Lockhart: No rush for Fed to raise ratesWASHINGTON — A Federal Reserve official sees no need to rush to boost interest rates and rein in the extraordinary support for the economy, suggesting there are still dangers to the unfolding recovery. In a speech in Mobile, Ala., Federal Reserve Bank of Atlanta President Dennis Lockhart says: "I think it may well be some time before (a) comprehensive exit need be under way." In recent days, other Fed officials have raised the prospect of having to raise rates quickly once the economy gains traction to ward off inflation.

September 21st, 2009 Mexican ex-president urges narrowing wage gapALBUQUERQUE — Former Mexican President Vicente Fox says the United States should spend 2 percent of its gross domestic product to narrow the wage gap between Mexico and America. Fox says such spending would reduce the need for expensive walls between the two countries, though he said he does not support an open border.

September 18th, 2009 NEW DELHI - With the macro economic situation improving and capital markets doing better, India's job market, hit badly by the slowdown last year, has started showing signs of recovery, industry experts said here Friday. "The market is improving.

September 9th, 2009 Hooker Furniture takes 1Q loss as sales slideMARTINSVILLE, Va. — Hooker Furniture said it took a loss in the fiscal second quarter as the recession cut into its sales.

September 2nd, 2009 WASHINGTON - The US Federal Reserve sees an end to the economic crisis in the second half of the year even as problems are expected to remain on the job market, according to minutes of the central bank's last meeting released Wednesday. Still the majority of the central bankers said at the Aug 11-12 meeting that they expected recovery to be slow and stressed that the economy was "still vulnerable to adverse shocks".

August 23rd, 2009 Mexican president congratulates NASA astronautMEXICO CITY — Mexico's president is so excited about a NASA astronaut of Mexican descent that he invited him to dinner when the astronaut returns to Earth. President Felipe Calderon told Jose Hernandez that he is "very happy that your are putting Mexico's name in space." Hernandez was born in California and is the son of Mexican migrant workers.

July 31st, 2009 Biden touts recovery act at Chicago conferenceCHICAGO — Vice President Joe Biden touted the $787 billion federal stimulus effort on Friday, saying he sees signs that the recession could end soon, but also called the package "the most misunderstood" piece of legislation. "What part of this act is about was not keeping people from falling through the cracks, but keeping them from falling in a deep black hole," he said in a speech at the National Urban League conference.

July 27th, 2009 China, US officials see global economic recoveryWASHINGTON — Top officials of the United States and China said Monday they saw hopeful signs that the global economy was beginning to move into a period of recovery. Treasury Secretary Timothy Geithner said that the joint efforts of the nations to deal with the financial crisis with large stimulus programs marked a turning point in the relationship of the two economic superpowers.

July 27th, 2009 TNT Post profit down 60 percent in Q2AMSTERDAM — TNT NV, Europe's second-largest post company, reported Monday a 60 percent fall in net profit for the second quarter and said it sees little evidence of an economic recovery. Net profit was euro81 million ($115 million), down from euro205 million in the same period a year earlier and euro5 million better than in the first quarter of 2009.

June 24th, 2009 TARP chief sees sun peeking through economic stormWASHINGTON — The new manager of the government's $700 billion bank bailout program says he sees signs the economy is on the mend even though high unemployment and falling home prices remain a threat. In prepared testimony for a congressionally appointed panel, Herbert Allison said Wednesday it is critical for the government to remain vigilant and "press ahead" with recovery efforts.

June 10th, 2009 Richmond Fed head sees signs of economic bottomRALEIGH, N.C. — The head of the Federal Reserve Bank branch in Richmond, Va., said Wednesday that signs point to the U.S.

May 31st, 2009 Geithner sees hopeful signs in US economyBEIJING — U.S. Treasury Secretary Timothy Geithner says the U.S.

April 30th, 2009 Obama adviser sees increase in unemploymentWASHINGTON — Unemployment will increase in the next several months, but the pace of the nation's economic slide will moderate and level out in the second half of the year, a top Obama economic adviser told Congress Thursday. Christina Romer, the chairwoman of Obama's Council of Economic Advisers, predicted another economic contraction in the second quarter of the year and delivered a downbeat assessment about unemployment.

April 29th, 2009 Fed sees signs recession may easingWASHINGTON — The Federal Reserve says it sees signs the recession may be easing but warns the economy is likely to remain weak. Against that backdrop the Fed held its key lending rate at a record low of between zero and 0.25 percent.

April 29th, 2009 Fed says it sees signs recession may be easingWASHINGTON — The Federal Reserve says it sees signs the recession may be easing but warns the economy is likely to remain weak. Against that backdrop the Fed held its key lending rate at a record low of between zero and 0.25 percent.