After a surprisingly solid upturn in the July-September period, activity in the euro zone is generally perceived to have weakened appreciably in the fourth quarter. At the same time, inflation is reasonably quiescent and widely expected to fall back below the European Central Bank’s 2 percent inflation objective during the course of 2013.
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A surge in unconventional oil and gas extraction nationwide will trigger more than $5.1 trillion in capital spending and support a total of 1.7 million jobs this year -- a number that will swell to almost 3 million by 2020 -- a leading consultant said in a study released Tuesday.
Caterpillar Inc. (NYSE: CAT), the world's largest maker of construction and mining equipment, is expected to report higher third-quarter profit as strong replacement demand in the U.S., improved cost control and modest net pricing help drive growth amid pockets of weakness. Synergies from acquisitions will also play a part.
