Economy News

India inflation likely cooled further in November after cash clampdown: Reuters poll


BENGALURU Indian inflation is expected to have cooled to a 14-month low in November after Prime Minister Narendra Modi's surprise removal of high denomination bank notes caused an intense cash shortage and severely hurt consumption, a Reuters poll found.

Who knew? Modi's black money move kept a closely guarded secret

NEW DELHI Prime Minister Narendra Modi handpicked a trusted bureaucrat, little known outside India's financial circles, to spearhead a radical move to abolish 86 percent of the country's cash overnight and take aim at the huge shadow economy.

Top News, 09 Dec 2016

Japan ratifies TPP trade pact to fly the flag for free trade

TOKYO Japan on Friday ratified the Trans-Pacific Partnership, a free-trade pact aimed at linking a dozen Pacific Rim nations, hoping it will one day take effect despite President-elect Donald Trump's pledge that the United States will withdraw from it.

Japan 09 Dec 2016

Japan's frugal millennials a bad omen for its economy

TOKYO Japan's millennials have grown up in an economy that never seems to grow.

Japan 09 Dec 2016

Preview - BOJ Tankan to show manufacturers' mood hits highest since 2015

TOKYO Japanese manufacturers' sentiment was expected to improve for the first time in six quarters and to hit the highest level since 2015, a Reuters poll found, as a weaker yen and higher share prices supported the outlook for corporate profits.

Japan 09 Dec 2016

China economy reflating as producer prices rise at fastest pace in 5 years

BEIJING China's producer prices rose at the fastest pace in more than five years in November as prices of coal, steel and other building materials soared, boosting industrial profits and giving firms more cash flow to pay off mountains of debt.

09 Dec 2016

China to push reforms in 2017, financial risks rising- Xinhua

BEIJING China will forge ahead with supply-side reforms next year to deal with overcapacity and structural problems, while also moving to boost demand, the Xinhua news agency reported on Friday.

09 Dec 2016

Lower for longer, ECB scales back asset buys

FRANKFURT The European Central Bank trimmed back its asset buys in a surprise move on Thursday but promised protracted stimulus to aid a still fragile recovery, and dismissed any talk of tapering the programme away. | Video

09 Dec 2016

UniCredit to test confidence in Italian banks with huge cash call

MILAN Italy's largest lender, UniCredit , is set to announce next week the country's biggest bank share issue, worth up to 13 billion euros ($13.8 billion), in what would be a major test of confidence in Italy's wider banking system, sources said.

08 Dec 2016

U.S. jobless claims drop from five-month high

WASHINGTON The number of Americans filing for unemployment benefits fell from a five-month high last week, pointing to labor strength that underscores the economy's sustained momentum.

08 Dec 2016


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