‘We’ve delivered on our promises,’ says Trump at NYC Economic Club

Business 11/12/19, 18:38

President Donald J. Trump on Tuesday, Nov. 12, addressed the Economic Club of New York, outlining the mainstay of his 2020 re-election campaign. His policies have created a boom in growth and jobs, said President Trump. “We have delivered on our promises and exceeded our expectations by a very wide margin,” President ...

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 Friday. Exports to the United States sank 16.2% to $35.8 ...

Global stocks turn higher as China says tariff war may ease

Business 11/07/19, 04:38

Global stocks are mostly higher after a Chinese Commerce Ministry official said Beijing and Washington had agreed to gradually ease tariffs on each other's exports as they reach agreement in trade negotiations. China and the U.S. are working on a "Phase 1" trade agreement as they seek to ease the tariff ...

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 one of those trade disputes and a rebound in technology ...

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 their money into traditionally less risky holdings. Technology and other ...

New Zealand’s 1st ‘well-being budget’ targets mental health

Business 05/29/19, 22:45

New Zealand's government announced Thursday it will spend billions of dollars more on mental health services and combatting child poverty as part of a new approach to its finances.The liberal-led government unveiled the country's first so-called well-being budget. It aims to measure social outcomes like health and the environment alongside ...

European Central Bank holds out hope for growth rebound

Europe 05/23/19, 07:15

Top officials at the European Central Bank at their last meeting held on to their hopes for a return to stronger economic growth in the second half of the year even as they underlined their readiness to deploy more stimulus if needed.The written account of the April 10 meeting, released ...

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, are posing a serious threat to global economic growth and ...

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 China on strategic industrial policies has put Xi's own prestige ...

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 money laundering in the so-called Panama Papers that dinged the ...

US adds robust 263K jobs; unemployment at 49-year low: 3.6%

Business 05/03/19, 07:41

U.S. employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and anticipate strong customer demand. The unemployment rate fell to a five-decade low of 3.6% from 3.8%, though that drop partly reflected an increase in the number ...

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 bank said stock-building by companies had helped first quarter economic ...

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 much higher number than economists forecast for Friday's government jobs ...

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 to 2% last year to about 1.5% in 2019.A closer ...

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 cut its forecast from 1.8%. It follows a string of ...

Asian shares mixed amid world tensions, worries about growth

Business 04/10/19, 01:37

Asian shares were mixed Wednesday amid growing tensions between the U.S. and the European Union and a dim forecast on global economic growth. Japan's benchmark Nikkei 225 dropped 0.5% to 21,687.57. Australia's S&P/ASX 200 was little changed, inching up less than 0.1% to 6,223.50. South Korea's Kospi added 0.1% to 2,216.17. ...

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 they were reducing their autumn forecast of 1.9 percent growth ...

End of content

No more pages to load