Economy News

Column : Fight over Rio's mines means coal isn't dead; Adani woes show it's dying: Russell


LAUNCESTON, Australia Here's a question for the anti-coal lobby. If coal is dying, how come there is an increasingly heated bidding war going on for Rio Tinto's coal mines in Australia?

U.S. core capital goods orders falter unexpectedly in May

WASHINGTON New orders for key U.S.-made capital goods unexpectedly fell in May and shipments also declined, suggesting a loss of momentum in the manufacturing sector halfway through the second quarter.

Budget 2017, 12:12am IST

Carney in driving seat in Bank of England rate tussle

LONDON Mark Carney has recent history on his side as he faces up to the biggest challenge of his leadership of the Bank of England and tries to keep interest rates at their record low.

Budget 2017, 26 Jun 2017

Japan government raises economic view, says moderate recovery intact

TOKYO Japan's government on Thursday raised its overall view of the economy for the first time in six months, reflecting a gradual pick-up in private consumption and underscoring its confidence that an export-led recovery is broadening.

Budget 2017, Japan 22 Jun 2017

ECB sees solid Q2 euro zone growth

FRANKFURT Economic data points to solid growth in the euro zone in the second quarter and indicates a rebound in global growth after a rough patch, the European Central Bank said in a regular economic bulletin on Thursday.

Budget 2017, 22 Jun 2017

Exclusive: Hedge funds made repeated attempts to invest in Veneto banks - sources

LONDON A group of four international investment funds offered to inject 1.6 billion euros (1.4 billion pounds) of fresh capital into two ailing Italian banks in Veneto at the end of May, sources told Reuters, but their plan was not pursued by Rome along some recent approaches to be part of a rescue deal.

Budget 2017 24 Jun 2017

Global growth risks easing, but new ones emerging: ECB

FRANKFURT Risks to global growth appeared to have diminished, with markets so far taking policy tightening from the U.S. Federal Reserve in their stride, the European Central Bank said on Wednesday in a regular economic bulletin.

Budget 2017, 21 Jun 2017

India allows banks, post offices to deposit old bank notes with RBI

NEW DELHI India on Wednesday allowed banks and post offices to exchange old, big bank notes, which are no longer in circulation, with the Reserve Bank of India (RBI) in a month, provided these notes were collected by Dec. 30, 2016, a finance ministry statement said.

Budget 2017, Top News, 21 Jun 2017

Asia firms' confidence at three-year high on brighter global outlook - Thomson Reuters/INSEAD

SHANGHAI Business confidence in Asia rose to a three-year-high in the second quarter of the year, propelled by a slew of favourable economic data across the region and easing concerns over the health of China's economy, a Thomson Reuters/INSEAD survey showed.

Top News, Budget 2017, 21 Jun 2017

For thousands of U.S. auto workers, downturn is already here

LORDSTOWN, Ohio Wall Street is fretting that the U.S. auto industry is heading for a downturn, but for thousands of workers at General Motors Co factories in the United States, the hard times are already here.

Budget 2017, 22 Jun 2017


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Japanese airbag maker Takata files for bankruptcy, gets Chinese backing

Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems. | Video