Economic growth
‘We’ve delivered on our promises,’ says Trump at NYC Economic Club
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 ...
China’s trade with US shrinks in October despite optimism
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 ...
Global stocks turn higher as China says tariff war may ease
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 ...
G-20 leaders clash over values, issues of Hong Kong, China, Russia, Iran
World leaders attending a Group of 20 summit in Japan that began Friday are clashing over values that have served for decades as the foundation of their cooperation as they face calls to fend off threats to economic growth. "A free ...
Dow jumps over 500 points amid hopes of Fed rate cut
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
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 ...
New Zealand’s 1st ‘well-being budget’ targets mental health
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 ...
European Central Bank holds out hope for growth rebound
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 ...
Portugal’s economy rebounds, though problems persist
Portugal has bucked the continent's trend, its economic health coming mainly from private consumption fueled by rising wages and employment dynamics
Mounting tensions with Iran, China leave oil prices in flux
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
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
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 ...
US adds robust 263K jobs; unemployment at 49-year low: 3.6%
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%, ...
UK economy to slow near-term as Brexit preparations halted
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
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
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%
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 ...
Asian shares mixed amid world tensions, worries about growth
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 ...
German economy forecast to slow sharply
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
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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