Economy News
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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...
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
London -
Britain's Brexit-facing economy ground to a shuddering halt in August, hit by weaker hotel and restaurant activity, official data showed Wednesday.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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Sen. Hatch, left, enjoys some Ogden chili. Hatch DC office
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