Economy News

Fed's Evans says wants rates higher so will have room to cut


CHICAGO The U.S. Chicago Federal Reserve Bank President Charles Evans on Monday said he would like interest rates to eventually rise from where they are now so the Fed will have the room to cut rates to stimulate the economy if hit by a shock.

Fed's Bullard says one rate increase is all that's needed for now

St. Louis Federal Reserve President James Bullard said on Monday that a single U.S. interest rate rise would be all that was necessary for the time being, repeating comments he had made recently.

24 Oct 2016

Preview - Bank of England's Carney faces up to pressure from prices and politics

LONDON Two of the biggest bugbears for any central banker - political pressure and an impending surge in inflation - now loom larger over Bank of England Governor Mark Carney than at any time since he took over the central bank.

24 Oct 2016

Euro zone inflation outlook still in the balance: ECB's Hansson

TALLINN The outlook for euro zone inflation still hangs in the balance, European Central Bank rate setter Ardo Hansson said on Monday, adding it was too early to discuss a possible extension of the ECB's money-printing programme.

24 Oct 2016

Euro zone businesses have strongest month this year in October - PMI

LONDON Business activity in the euro zone has expanded at the fastest rate this year in October, even as firms raise prices at the sharpest rate in more than five years, a survey showed on Monday.

24 Oct 2016

Global economy weekahead - U.S., UK growth data to give steer on monetary policy

LONDON Third-quarter growth figures from the United States and Britain will be scrutinised by financial markets in the week, and a business survey will provide the first evidence on how the euro zone has fared going into the fourth quarter.

Top News 23 Oct 2016

Banks warn share tax hike threatens Paris' post-Brexit appeal

PARIS A proposed increase in France's share tax flies in the face of efforts by the government and the financial industry to lure banking jobs from London, financial sector lobbies have warned.

21 Oct 2016

China September home prices rise at record rate, stretching affordability further

BEIJING China's new home prices rose in September at the fastest rate on record as buyers rushed to close contracts before new restrictive measures took effect in October.

21 Oct 2016

Survey companies hit the streets to fill India's data gaps

MUMBAI Sachin Bhadrasen Jaiswar goes from door to door in a middle class neighbourhood outside Mumbai measuring India's economic pulse, one of hundreds of survey takers working for private firms aiming to fill a gap - the lack of reliable data.

Top News, 21 Oct 2016

U.S. mall investors set to lose billions as retail gloom deepens

NEW YORK (Reuters/IFR) - The dramatic shift to online shopping that has crushed U.S. department stores in recent years now threatens the investors who a decade ago funded the vast expanse of brick and mortar emporiums that many Americans no longer visit.

21 Oct 2016


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Patriarch Ratan Tata steps in at Tata Sons after board ousts chairman Cyrus Mistry

MUMBAI/DELHI Ratan Tata, patriarch of one of India's most influential families, will take over as interim chairman of Tata Sons after the salt-to-software conglomerate's board ousted Cyrus Mistry, who had sought to shake up the firm's management.