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Unemployment rate falls in two-thirds of US states

The unemployment rate fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.

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Unemployment rate falls in two-thirds of US states

Obama presses Europe for shift to growth focus

WASHINGTON (Reuters) – U.S. President Barack Obama pressed Europe on Friday to shift toward a more pro-growth policy and away from austerity to tackle a crisis that threatens to push Greece out of the euro zone and send economic shockwaves worldwide. Setting the tone for a weekend G8 summit, Obama made clear he was aligning himself with the new French president’s drive for more economic stimulus in the recession-plagued euro zone instead of emphasizing belt-tightening programs spearheaded by Germany. …

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Obama presses Europe for shift to growth focus

Bankers survey shows rural economies remain strong

The economy remains strong in rural areas of 10 Midwest and Western states because of the health of agricultural businesses there, according to a new survey of banks serving rural areas.

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Bankers survey shows rural economies remain strong

Chinese entities world’s biggest economic spies-Pentagon

WASHINGTON (Reuters) – The Pentagon said on Friday it believes China spent up to $180 billion on its military buildup last year, a far higher figure than acknowledged by Beijing, and it accused “Chinese actors” of being the world’s biggest perpetrators of economic espionage. The Pentagon, in its annual report to Congress on China’s military, flagged sustained investment last year in advanced missile technologies and cyber warfare capabilities and warned that Chinese spying threatened America’s economic security. …

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Chinese entities world’s biggest economic spies-Pentagon

Greek fears pressure shares, Spanish debt sale

LONDON (Reuters) – The euro hovered near four-month lows while European shares dipped on Thursday, with investors expected to avoid riskier assets due to the deepening turmoil in Greece and fears of contagion to other stressed euro zone economies. News on Wednesday that some Greek banks face emergency funding needs dealt a further blow to risk sentiment, already beaten down by worries about much slower economic growth in China, a fragile U.S. jobs market and a shock trading loss at JPMorgan Chase & Co. …

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Greek fears pressure shares, Spanish debt sale

Copper snaps 4-day fall; Greece crisis weighs

SINGAPORE (Reuters) – London copper rose more than 1 percent on Thursday, snapping a four-session sell-off that sank prices to four-month lows, but worries about the future of Greece as its political crisis deepens kept sentiment in check. Copper prices were on course for their biggest daily rise in three weeks, but gains were capped by the contagion potential of a euro zone without Greece, a slowdown in top copper consumer China and the fragile state of the U.S. economy. …

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Copper snaps 4-day fall; Greece crisis weighs

Japanese consumers lead economic rebound in first quarter

TOKYO (Reuters) – Japan’s economy bounced back in the first quarter from a year-end lull, powering ahead of other major industrial nations thanks to rebuilding of the tsunami-battered northeast, solid private spending and some improvement in exports. The world’s third-largest economy grew 1.0 percent in the January-March quarter, just above a median forecast of 0.9 percent. A 0.2 percent contraction in the economy reported for the final three months of 2011 was revised up to flat in the government data released on Thursday. …

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Japanese consumers lead economic rebound in first quarter

Gold up 1 pct, comes off 4-1/2 month low; Greece weighs

SINGAPORE (Reuters) – Gold rose about 1 percent on Thursday as bargain hunters resurfaced after prices tumbled to another 4-1/2 month low in the previous session and the euro rebounded, but gains could be limited by fears of a deepening debt crisis in Greece. Investors have unwound their bullish bets in gold, cashing in the metal to cover for losses in other markets, after the turmoil in Europe raised the spectre of a recession that threatens to hurt the global economy. Spot gold added $12.23 an ounce to $1,550.53 by 0618 GMT, after rising to a high of $1,553. …

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Gold up 1 pct, comes off 4-1/2 month low; Greece weighs

France wants euro pact amended: finance minister

PARIS (Reuters) – France wants Europe’s new fiscal pact amended and fleshed out to include commitments to promote economic growth, Pierre Moscovici, France’s newly appointed finance minister, said on Thursday, restating the stand of president Francois Hollande. “What we’ve said is the treaty will not be ratified as it stands,” Moscovici told BFM TV. Moscovici is part of a new government formed after the swearing-in of Francois Hollande as France’s first Socialist president in 17 years this week. …

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France wants euro pact amended: finance minister

Growth figures show Japan on recovery track

Japan’s economy grew by a faster-than-expected 1.0 percent in the three months to March, official figures showed Thursday, as rising domestic demand and a boost in exports kept it on the recovery path.

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Growth figures show Japan on recovery track

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