China’s trade with US shrinks in October despite optimism

World 11/08/19, 00:31

U.S.-Chinese trade contracted again in October, despite optimism about possible progress in talks aimed at ending a tariff war that threatens global economic growth. Chinese imports of U.S. goods fell 14.3% from a year earlier to $9.4 billion, customs data showed ...

Dow jumps over 500 points amid hopes of Fed rate cut

Business 06/04/19, 19:23

The Dow Jones Industrial Average jumped more than 500 points Tuesday as investors welcomed signs that the Federal Reserve may cut interest rates to help buttress U.S. economic growth in the face of escalating trade wars. Optimism about a resolution to ...

Trade war escalation puts investors in a defensive stance

Business 05/30/19, 11:19

An unexpected escalation in the trade war between the U.S. and China jolted investors into a defensive position in May. Safe-play sectors including utilities and consumer staples held up better than others and bonds gained ground this month as investors shifted ...

Mounting tensions with Iran, China leave oil prices in flux

Business 05/17/19, 15:10

A rare mix of geopolitical tensions in the Middle East and China is tugging oil prices in opposite directions and creating uncertainty over where they might land. Deteriorating trade talks between the United States and China, the world's two largest economies, ...

Trade dispute with US a political challenge for China’s Xi

World 05/09/19, 03:52

The tariff war between Washington and Beijing poses one of the biggest challenges yet for Chinese President Xi Jinping, potentially exposing his political vulnerabilities at a time when the Chinese economy is already slowing. The U.S. effort to win concessions from ...

Panamanian choose president amid slowing growth, corruption

America 05/04/19, 23:02

Panamanians will choose Sunday between six mostly business-friendly candidates to lead this Central American trade and financial hub for the next five years in a presidential election focusing on corruption and slowing economic growth.The vote takes place after revelations of ...

UK economy to slow near-term as Brexit preparations halted

Europe 05/02/19, 08:20

The British economy will weaken in the near-term as firms ease up on Brexit preparations now that the country's departure from the European Union has been delayed by months, the Bank of England said Thursday.In its quarterly forecasts, the central ...

Survey: US businesses added 275K jobs in April

Business 05/01/19, 07:37

U.S. companies added the most jobs in 9 months in April, a sign that hiring remains strong amid solid economic growth.Payroll processor ADP said Wednesday that businesses gained 275,000 jobs last month, up from just 151,000 in March. That's a ...

IMF: Mideast economies face volatile politics, oil prices

Business 04/29/19, 00:39

The International Monetary Fund says political uncertainty and volatile oil prices are weighing heavily on economic growth in the Middle East this year.A new outlook report issued on Monday said that overall regional growth is expected to slowdown from close ...

German government halves 2019 growth forecast to 0.5%

Europe 04/17/19, 04:36

The German government has slashed its 2019 economic growth forecast for the country for the second time this year and is now predicting growth of only 0.5%.Wednesday's forecast halves the 1% estimate the government presented in late January, when it ...

German economy forecast to slow sharply

Business 04/04/19, 03:44

A group of leading German economic research institutes slashed their growth forecast for the country on Thursday, warning that if Britain leaves the European Union without a deal, it could get even worse.In a joint statement, the five institutes said ...

US economy revises down Q4 growth rate to 2.2 percent

Business 03/28/19, 07:38

U.S. economic growth slowed sharply in the fourth quarter last year to an annual rate of just 2.2 percent. There are concerns that growth has slowed even more in the first quarter this year as global weakness, fading government stimulus ...

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