Business

US economic growth rate unrevised at 2.2 percent in Q4

U.S. economic growth slowed in the fourth quarter, and economists are looking for an even weaker showing in the first quarter as severe winter weather takes its toll. But the retreat is expected to be short-lived. Stronger growth is expected for the rest of the year, thanks to a recovering job market that should boost consumer spending.

Business

Stocks recover their poise ahead of US economic data

Global stock markets on Friday recovered their poise after the previous day's losses when investors were spooked by the escalating conflict in Yemen. However, oil prices slipped back from Thursday's sizeable advance when traders worried about the conflict's impact on oil supplies.

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