Economy News
Politics may trigger shift in European economic policy
BERLIN Slowly but surely, the economic policy tide in Europe is turning, and it may only be a matter of time before Germany is swept up.
UK's May courts business seeking to avoid Brexit exodus
LONDON Prime Minister Theresa May set out plans to get big business behind her Brexit strategy on Monday, toning down plans to put workers on company boards and promising to spend billions of pounds on science, technology and research. | Video
Asian export nations wary dollar boost gives Trump pretext to beat them
TOKYO/SEOUL Asian currency policymakers are worried that the strengthening of the dollar on expectations of U.S. President-elect Donald Trump's fiscal policies could be used by his administration as a stick to beat them with on trade protectionist grounds.
UK's Hammond pledges to spread wealth, but debt 'eye-wateringly' high
LONDON British finance minister Philip Hammond said on Sunday he would aim to help struggling families and boost the country's long-term growth prospects when he announces Britain's first budget plans since the Brexit vote next week.
Japan PM Abe: way to peace treaty with Russia coming into sight
LIMA Japanese Prime Minister Shinzo Abe said on Saturday that a way to concluding a peace treaty with Russia is "coming into sight," raising hopes for tangible progress on a decades-old territorial row at bilateral summit meetings set for mid-December in Japan.
China state media warn Trump against renouncing free trade deals
SHANGHAI Chinese state media warned U.S. President-elect Donald Trump on Saturday against flip-flopping on trade deals in Asia, as Asia-Pacific leaders gathered for a summit amid fears that growing protectionism will stunt global economic growth.
Pacific rim leaders scramble for trade options in Trump era
LIMA Leaders of Pacific rim nations scrambled to find new free-trade options on Friday as a looming Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP). | Video
Politics may trigger shift in European economic policy
BERLIN Slowly but surely, the economic policy tide in Europe is turning, and it may only be a matter of time before Germany is swept up.
Factbox - Obama business rules that may not last
U.S. Republican congressional leaders have taken several opportunities in recent days to warn Obama administration regulators not to finish any more rulemaking, but some agency heads, such as Securities and Exchange Commission Chair Mary Jo White, say they are proceeding with their agendas.
Germany says EU executive has no mandate to tell it to spend more
BERLIN German Finance Minister Wolfgang Schaeuble said on Friday that the European Commission, which has effectively urged Germany to spend more in 2017, did not have the right to decide on how much fiscal room for manoeuvre EU members have.
Markets
- Asia
- U.S.
- Europe
- Sectors
| DOW | 18,942.20 |
+
74.27 |
+0.39% |
| S&P 500 | 2,196.89 |
+
14.99 |
+0.69% |
| NASDAQ | 5,363.38 |
+
41.87 |
+0.79% |
| TR US Index | 194.89 |
-0.36 |
-0.18% |
Sector Summary
| Energy |
+2.34%
|
| Basic Materials |
+0.81%
|
| Industrials |
+0.61%
|
| Cyclical Goods & Services |
-0.12%
|
| Non-Cyclical Goods & Services |
+0.60%
|
| Financials |
+0.40%
|
| Healthcare |
-1.07%
|
| Technology |
-0.13%
|
| Telecoms |
+0.70%
|
| Utilities |
-0.58%
|
RBI allows 250,000 rupee wedding cash withdrawals after notes ban
MUMBAI Reserve Bank of India said on Monday that people can withdraw up to 250,000 rupees ($3,670) for wedding related expenses, provided they submit adequate proof and the wedding is on or before Dec. 30.