Email
Password
Remember meForgot password?
    Log in with Twitter

Economy News

'Disorderly' Brexit could harm US economy: Fed's Powell

Washington - A "disorderly" European Union exit by Britain could have a negative knock-on effect on the American economy, the chairman of the US Federal Reserve warned Tuesday.

Saudi stocks rebound after Khashoggi fallout

Apo - Saudi stocks made a strong comeback on Monday after days of heavy losses in economic fallout linked to political tensions over the disappearance of prominent journalist Jamal Khashoggi.The Tadawul All-Shares Index (TASI) surged 4.

Japan unveils sales tax hike

Apo - Japan on Monday announced a much anticipated sales tax hike in 2019 to address the nation's huge public debt, despite warnings it could hobble growth in the world's third-biggest economy.

Saudi Arabia vows retaliation if punished over missing critic

Dubai - Saudi Arabia warned Sunday it would retaliate against any sanctions imposed on the oil-rich kingdom over the disappearance of journalist Jamal Khashoggi, as the Riyadh stock market plunged on growing investor jitters.

Egypt seeks to weave cotton renaissance

Apo - Treading carefully among his sprawling green plants in the Nile Delta, Egyptian farmer Fatuh Khalifa fills his arms with fluffy white cotton picked by his workers.

US says Maduro 'enablers' profiting from sale of Venezuelan resources

Washington - The "financial enablers" of Venezuelan President Nicolas Maduro are profiting from the sale of resources belonging to that country's people, US Treasury Secretary Steven Mnuchin said Friday.

US Treasury secretary remains concerned about weak China currency

Washington - US Treasury Secretary Steven Mnuchin said Friday he had told the head of China's central bank about his concerns over the weakness of China's currency.

Saudi faces business backlash over Khashoggi disappearance

Paris - Saudi Arabia's Crown Prince Mohammed bin Salman is facing a backlash over the disappearance of journalist Jamal Khashoggi from business and media previously supportive of his reform drive, with partnerships at risk and big names boycotting a major conf...

Who runs the (economic) world? It might soon be women

Nusa Dua - Who runs the world? It might soon be women as a crop of female economists join IMF chief Christine Lagarde in top positions at major financial bodies.

Turkey court frees pastor after crisis with US

Aliaga - A Turkish court on Friday freed an American pastor held for the last two years, in a case that sparked a crisis in Turkey's ties with the United States and trouble for its economy.

China-US surplus hits record, adding fuel to trade war

Bejing - China's trade surplus with the United States ballooned to a record $34.1 billion in September, despite a raft of US tariffs, official data showed Friday, adding fuel to the fire of a worsening trade war.

Japan unveils plan to attract more foreign workers

Apo - Japan on Friday unveiled a plan to attract more foreign blue-collar workers, as the world's number-three economy battles a crippling labour shortage caused by an ageing and shrinking population.

China-US surplus hits record, adding fuel to trade war

Bejing - China's trade surplus with the United States ballooned to a record $34.1 billion in September despite a raft of US tariffs, official data showed Friday, adding fuel to the spiralling trade war.China's exports to the US rose to $46.

US 'terror' listing blocks Sudan's economic revival

Khartoum - Sudanese businessman Samir Gasim was delighted when Washington dropped sanctions against Sudan a year ago, but since then, mounting losses have forced him to lay off dozens of workers at his Khartoum factory.

Trump says Fed 'out of control' but won't fire Powell

Washington - President Donald Trump renewed his attacks on the US central bank on Thursday, saying it was "out of control" in raising interest rates but saying he had no plans to dismiss Federal Reserve Chairman Jerome Powell.

Destitute Yemeni builds home in a tree

Sanaa - Yemeni Ahmed Houbeichi is not acting out some childhood fantasy when he peers down on the street below from his tree-house. War and poverty have forced him to seek out such a lofty shelter.

Mnuchin plays down US market swoon as global rout rolls on

Nusa Dua - Wall Street's rout is a natural correction and not caused by any particular factors, US Treasury Secretary Steven Mnuchin said Thursday, after his boss Donald Trump hung blame for the losses on US interest-rate increases.

Cost of climate-linked disasters soars: UN

Geneva - The economic cost of climate-related disasters hit $2.25 trillion over the last two decades, an increase of more than 150 percent compared to the previous 20 years, the UN said Wednesday.

US tightens restrictions on foreign investment in key sectors

Washington - The US government on Wednesday announced a plan for tougher oversight of foreign investment in key technology industries, a move seen as largely targeted at China.

UK economy grinds to halt in August

London - Britain's Brexit-facing economy ground to a shuddering halt in August, hit by weaker hotel and restaurant activity, official data showed Wednesday.

Leaders need to fix broken economic models: IMF chief

Nusa Dua - World leaders need to fix global trading systems instead of trying to tear them down, International Monetary Fund chief Christine Lagarde said Wednesday, in a rebuke to nationalist politicians pushing tariffs and protectionism.

China's ultra wealthy buffeted as trade war bites

Bejing - China's ultra wealthy saw their ranks thinned this year as the trade war with the US pummelled stocks and shredded billions of dollars of paper wealth, a survey showed Wednesday.

Fix trade, don't destroy it, IMF chief Lagarde warns

Bali - International Monetary Fund chief Christine Lagarde called on world leaders Monday to fix global trade systems instead of trying to tear them down in a rebuke to nationalist politicians pushing tariffs and protectionism.

The idyllic German village home to 1,000 Chinese

Deutschland - Chinese entrepreneur Zhang Jianxin's first thought was that he had fallen victim to a fraud scheme when he arrived at the location of his investment in a small German village.

South Africa finance minister resigns over graft testimony

Cape Town - South African Finance Minister Nhlanhla Nene resigned Tuesday over undisclosed meetings with a business family at the heart of a corruption scandal, dealing a blow to President Cyril Ramaphosa.

US-China trade war sparks IMF global growth cut warning

Bali - The US-China trade war will hobble global growth, the International Monetary Fund warned Tuesday, cutting its forecast for this year and next and predicting that "everyone is going to suffer" from a clash between the world's two biggest economies.

IMF cuts global growth forecast to 3.7% for 2018, 2019 as risks rise

Washington - An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund to cut its forecast for world growth for this year and next.

The neoliberal putting credibility into Brazil far-righter's rise

S - Part of the appeal lifting a controversial far-right candidate, Jair Bolsonaro, toward Brazil's presidency is a US-educated neoliberal economist who will likely be put in charge of the Latin American giant's finances in case of election victory.

Pakistan to begin bailout talks with IMF: minister

Islamabad - Pakistan will begin talks with the International Monetary Fund for a bailout package to stabilise its teetering economy and plug dwindling reserves, its finance minister said Monday.

IMF gathers in quake-battered Indonesia to focus on global economic tremors

Bali - Rising protectionism, vulnerable emerging markets and record debt levels: The IMF holds its annual meeting this week in earthquake-stricken Indonesia, as it shines a light on tremors in the global economy.
  1 2 3 4 5 6 ... 143 Next»

Set up a news alert for

Economy


Economy Image

A store advertising its sales
A store advertising its sales
the justified sinner
Pudong  China s financial and commercial hub  situated in Shanghai.
Pudong, China's financial and commercial hub, situated in Shanghai.
Wikipedia
Shoppers entering a Loblaws store.
Shoppers entering a Loblaws store.
Digital Journal
Geithner to leave in consideration of family.
Geithner to leave in consideration of family.
Obama addresses Congress - State of the Union Address 2013
Obama addresses Congress - State of the Union Address 2013
Chuck Kennedy / White House
President Barack Obama greets Rep. Gabrielle Giffords  D-Ariz.  as he arrives on the floor of the Ho...
President Barack Obama greets Rep. Gabrielle Giffords, D-Ariz., as he arrives on the floor of the House Chamber to deliver the State of the Union address at the U.S. Capitol in Washington, D.C., Jan. 24, 2012
Pete Souza / White House
Untitled
Donald J. Trump
 Assembly.  Detroit Publishing Company  1923 May 7. Touring Turn-of-the-Century America: Photographs...
"Assembly." Detroit Publishing Company, 1923 May 7. Touring Turn-of-the-Century America: Photographs from the Detroit Publishing Company, 1880-1920.
Library of Congress
Canberra: Bus Depot Markets.
Canberra: Bus Depot Markets.
Stephan Ridgway
The economic divide in Cabbagetown.
The economic divide in Cabbagetown.
An automated teller machine (ATM).
An automated teller machine (ATM).
Digital Journal
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
US GDP  2010 to 2012
US GDP 2010 to 2012
The French Stock Market (La Bourse) in Paris
The French Stock Market (La Bourse) in Paris
Sebche on Flick'r
Schoenholtz  Coronado  Reinhart  and Backus at the Economic Outlook Forum at NYU Stern on September ...
Schoenholtz, Coronado, Reinhart, and Backus at the Economic Outlook Forum at NYU Stern on September 3, 2014
Berlin:  We are the Champions
Berlin: "We are the Champions"
Hawaii: APEC 2011
Hawaii: APEC 2011
APEC
President Obama delivers his State of the Union address at the U.S. Capitol  D.C.
President Obama delivers his State of the Union address at the U.S. Capitol, D.C.
Lawrence Jackson / White House
 We are the Champions : Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundhei...
"We are the Champions": Zukunftskongress Gesundheitswirtschaft des Bundesministeriums für Gesundheit in Berlin
Sen. Hatch  left  enjoys some Ogden chili.
Sen. Hatch, left, enjoys some Ogden chili.
Hatch DC office