Economy News

Euro zone economy sparkles, lights way for ECB pull-back


LONDON If the latest surveys of business intentions are to be believed, the euro zone economy is sparkling, growing at a pace that easily explains the hints from some European Central Bank policymakers of a pull-back from their easy-money regime.

Global Economy Weekahead - Britain to fire starting gun on Brexit talks

DUBLIN The nine-month Brexit "phoney war" is set to come to an end next week when British Prime Minister Theresa May notifies the European Union of Britain's intention to leave, starting two years of unprecedented negotiations.

Budget 2017, 24 Mar 2017

U.S. business spending picking up, but may slow in Q2

WASHINGTON New orders for U.S.-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter.

Budget 2017, 25 Mar 2017

India's current account deficit widens in Oct-Dec - RBI

MUMBAI India's current account deficit widened to $7.9 billion, or 1.4 percent of gross domestic product, in the October-December quarter from the same period a year earlier, the Reserve Bank of India (RBI) said in a statement on Thursday.

Top News, Budget 2017, 23 Mar 2017

OFFICIAL CORRECTION: U.S. new home sales hit 7-month high; jobless claims rise

(In March 23 story, Labor Department corrects data to show claims at 261,000 instead of 258,000. Also corrects other figures from report)

Budget 2017, 24 Mar 2017

Kenya sells bond over mobile phones in world first

NAIROBI Kenya began selling a government bond exclusively via mobile phones on Thursday, a world first aimed at expanding the pool of investors in a country that needs money for infrastructure projects and where many people don't have a bank account.

Budget 2017, 23 Mar 2017

U.S. jobless claims unexpectedly rise; labor market still strong

WASHINGTON The number of Americans filing for unemployment benefits unexpectedly rose last week, but remained below a level associated with a strengthening labor market.

Budget 2017, 23 Mar 2017

Euro zone bonds reverse rises as hunt for yield resumes

LONDON Euro zone government bonds edged lower on Friday, changing direction as investors took advantage of an early rise in yields to buy, sending yields back down.

Budget 2017, 24 Mar 2017

Surplus will shrink with age, Germany says, but don't blame us for being efficient

BERLIN Germany has launched a two-pronged attack on U.S. President Donald Trump's charge that its current account surplus is too high -- don't blame us for being good at what we do, and our ageing population is going to eat it all up anyway.

Budget 2017, 23 Mar 2017

German consumer sentiment unexpectedly falls heading into April - GfK

German consumer sentiment unexpectedly fell to its lowest level in five months going into April, a survey showed on Thursday, partly due to people's concerns that rising inflation will erode their purchasing power.

Budget 2017, 23 Mar 2017


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OPEC, non-OPEC oil producers meet in Kuwait over output-cut compliance

KUWAIT OPEC and rival oil producers are meeting in Kuwait on Sunday to review their progress with a global pact to cut supplies and may discuss whether the agreement should be extended beyond June to help stabilise the market.