Asia extends stocks rally as upbeat US GDP calms nerves

Last Updated: Friday, August 28, 2015, 08:07

Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment, with Chinese stocks jumping for the second day following a rocky start to the week.

US economy rebounds at mild pace in Q2

Last Updated: Friday, July 31, 2015, 11:19

The US economy expanded at an annual rate of 2.3 percent in the second quarter, a moderate bounce from the revised 0.6 percent increase in the first quarter.

Dollar steady in Asia despite weak US GDP data

Last Updated: Monday, June 1, 2015, 12:05

"Traders will look at this week`s data with a little bit of caution, but the main thing is, if the euro is losing ground, naturally you find the US dollar tends to benefit from that," Stan Shamu, a markets strategist IG Ltd., told Bloomberg News.

US economy contracts in first-quarter; dollar hurts corporate profits

Last Updated: Saturday, May 30, 2015, 09:23

The government on Friday slashed its gross domestic product estimate to show GDP shrinking at a 0.7 percent annual rate instead of the 0.2 percent growth pace it estimated last month.

Obama takes US economic bright spell on the road

Last Updated: Wednesday, January 7, 2015, 23:52

Riding high on a stronger economy, President Barack Obama is setting out on a US tour to highlight the improved numbers, with hopes that his approval rating follows suit.

US stocks, records, Dow, gain

Last Updated: Saturday, December 27, 2014, 03:28

Wall Street stocks rose to fresh records Friday, as investors savored an outstanding US GDP report released earlier this week.

Dollar gives up US GDP data gains in Asia

Last Updated: Thursday, December 25, 2014, 11:37

The dollar lost more ground in thin Asian trade Thursday, after a rally powered by decade-high US economic growth figures.

US stocks soar to new record as growth accelerates

Last Updated: Tuesday, December 23, 2014, 22:36

The Dow stock index climbed above 18,000 for the first time ever Tuesday after government data estimated third-quarter US economic growth at a spectacular five percent.

US economy grew 3.2% in fourth quarter

Last Updated: Thursday, January 30, 2014, 19:33

The US economy grew at an annual rate of 3.2 percent in the 2013 fourth quarter, slightly stronger than expected despite the partial government shutdown, official data released Thursday showed.

US economy grew at robust 4.1% pace in third quarter

Last Updated: Saturday, December 21, 2013, 12:06

It was the strongest growth in the world's largest economy since the fourth quarter of 2011, when the pace hit 4.9 percent.

Wall Street gains on GDP data; indexes post strong week

Last Updated: Saturday, December 21, 2013, 11:57

For the week, the Dow rose 3 percent, its best week since September, and the S&P 500 gained 2.4 percent, its best week since July. The Nasdaq advanced 2.6 percent.

US third-quarter GDP revised higher as inventories bulge

Last Updated: Friday, December 6, 2013, 10:16

Gross domestic product grew at a 3.6 percent annual rate instead of the 2.8 percent pace reported a month ago, the Commerce Department said on Thursday.