economic growth

Hong Kong's economic growth fell further in the final quarter of 2012 as global trade weakened, and the government forecast an anemic expansion this year.

U.S. economic growth picked up speed in the final three months of 2011, expanding at the fastest pace in 1-1/2 years, according to new data released Friday.

China's premier has pledged to tighten risk controls on its banks and see that they do more to help entrepreneurs to sustain economic growth in the face of a possible global slowdown.

Credit Agricole SA, France's second- largest bank by assets, will report a loss for 2011 and eliminate 2,350 jobs at its investment-banking and consumer- finance units as Europe's debt crisis erodes economic growth.

Foreign companies that are looking to China to shore up wilting global sales have been hit by higher payroll taxes, surcharges to subsidize unions and other changes that are making conditions tougher just as economic growth slows.

Stocks tumbled after the U.S. government lowered its estimate of economic growth in the third quarter. Higher borrowing costs for Spain also renewed worries about Europe's debt crisis.

Stocks wavered after the U.S. government lowered its estimate of economic growth in the third quarter. Higher borrowing costs for Spain also renewed worries about Europe's debt crisis.

The Federal Reserve said it remained concerned about the United States economy over the next two years, but announced no new stimulus measures or rate changes.

With little ammunition left in its armory, the Federal Reserve has entered the "jawboning" phase of its campaign to spur stronger economic growth.

U.S.