News with Tags "economy"

South Korea president’s party wins vote, green light for economic reforms

Posted on Wednesday, July 30, 2014 - 23:41 pm

By Jack Kim

SEOUL (Reuters) – South Korean voters in 15 districts gave President Park Geun-hye’s ruling party an enhanced parliamentary majority in by-elections on Wednesday, and the political momentum to drive an economic stimulus program and regulatory reforms.


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Posted by on Wednesday, July 30, 2014 - 23:41 pm.
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U.S. economy bounces back sharply

Posted on Wednesday, July 30, 2014 - 19:43 pm

gdp data 073014


What a relief. The deep economic contraction earlier this year was temporary after all.

New data released Wednesday show the U.S. economy bounced back in the spring, growing at a 4% annual pace in the second quarter. That was even better than the forecast of 3% growth, according to a consensus of economists surveyed by CNNMoney.


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Posted by on Wednesday, July 30, 2014 - 19:43 pm.
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Ireland preparing to lift austerity measures

Posted on Wednesday, July 30, 2014 - 11:00 am

Dublin (AFP) – Ireland is moving closer to a switch away from deep austerity measures as it prepares for a key budget — the first since the eurozone nation emerged from a massive international bailout.


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Posted by on Wednesday, July 30, 2014 - 11:00 am.
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There’s no place like the economy

Posted on Sunday, July 27, 2014 - 23:05 pm

lookahead oh my


Forget lions, tigers, and bears. For market watchers this week it’s all about the Fed, GDP, and jobs, oh my!

The curtain is about to be pulled back to reveal some key economic data. Here’s what you need to know.


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Posted by on Sunday, July 27, 2014 - 23:05 pm.
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China's Market Finally Looks Like A Buy

Posted on Saturday, July 26, 2014 - 07:23 am

Is China’s economy, the second largest in the world, a disaster coming down to a hard landing, which has been the popular forecast for four or five years now? Or is it merely slowing from unsustainable double-digit growth of more than 12% a few years ago, to a more reasonable and sustainable pace?


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Posted by on Saturday, July 26, 2014 - 07:23 am.
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Brazil announces $13 billion credit stimulus

Posted on Saturday, July 26, 2014 - 04:41 am

Brasilia (Brazil) (AFP) – Brazil’s central bank said Friday it would ease banks’ reserve requirements, freeing up $ 13 billion to stimulate lending and boost an economy facing its fourth year of sluggish growth.


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Posted by on Saturday, July 26, 2014 - 04:41 am.
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Ghanaians protest against government’s handling of economy

Posted on Thursday, July 24, 2014 - 19:41 pm

ACCRA (Reuters) – More than 2,000 Ghanaians took to the streets of the capital Accra on Thursday as part of planned nationwide protests against what they say is the government’s mishandling of the economy.


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Posted by on Thursday, July 24, 2014 - 19:41 pm.
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IMF cuts 2014 US economic growth forecast to 1.7%

Posted on Wednesday, July 23, 2014 - 21:42 pm

Washington (AFP) – The International Monetary Fund on Wednesday lowered its US economic growth forecast for 2014 after severe winter weather in the first quarter delivered a sharp contraction.


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Posted by on Wednesday, July 23, 2014 - 21:42 pm.
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BES sells private bank as shareholder placed under management

Posted on Wednesday, July 23, 2014 - 03:41 am

Luxembourg (AFP) – The main shareholder of troubled Banco Espirito Santo (BES) was placed in receivership on Tuesday as Portugal’s largest listed lender announced it has sold off the bulk of its Swiss-based private bank.


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Posted by on Wednesday, July 23, 2014 - 03:41 am.
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Jury out on effectiveness of quantitative easing globally: RBA’s Stevens

Posted on Tuesday, July 22, 2014 - 10:01 am

SYDNEY (Reuters) – The jury is out on whether the exceptional monetary polices pursued worldwide have worked to stimulate activity in the real economy, rather than just encouraging risk-taking in financial markets, Australia’s central bank chief on Tuesday.


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Posted by on Tuesday, July 22, 2014 - 10:01 am.
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U.K. growth data to reignite BOE rate chatter in Europe this week

Posted on Tuesday, July 22, 2014 - 00:09 am

Ready for some good news out of Europe for a change?

This could be the week where we finally get confirmation that the U.K. economy has returned to where it was before the financial crisis. The first reading on second-quarter GDP is out on Friday and is expected to paint a healthy picture of the country’s economy.


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Posted by on Tuesday, July 22, 2014 - 00:09 am.
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Nigeria’s government forecasts economic growth of 6.19 pct in 2014

Posted on Wednesday, July 16, 2014 - 14:40 pm

LAGOS (Reuters) – Nigeria’s government expects the economy to grow by 6.19 percent in 2014, accelerating from a 5.5 percent expansion last year, the statistics office said on Tuesday.


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Posted by on Wednesday, July 16, 2014 - 14:40 pm.
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Gold falls on Yellen’s take on economy, financial markets

Posted on Wednesday, July 16, 2014 - 08:52 am

Investing.com – Investing.com – Gold futures fell on Tuesday after Federal Reserve Chair Janet Yellen delivered an reasonably upbeat take on the U.S. economy before Congress earlier, with concerns that momentum stocks have grown a bit frothy bolstering the dollar, which trades inversely with gold


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Posted by on Wednesday, July 16, 2014 - 08:52 am.
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Fed’s George says strengthening economy warrants quick rate rise

Posted on Wednesday, July 16, 2014 - 06:01 am

WASHINGTON (Reuters) – A strengthening U.S. economy and job market means the Federal Reserve should begin raising interest rates “relatively soon,” Kansas City Federal Reserve Bank President Esther George said on Tuesday.


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Posted by on Wednesday, July 16, 2014 - 06:01 am.
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Yellen’s Q&A testimony to Senate Banking Committee

Posted on Wednesday, July 16, 2014 - 01:41 am

WASHINGTON (Reuters) – Following are highlights from the question and answer session of Federal Reserve Chair Janet Yellen’s testimony before the Senate Banking Committee on Tuesday.


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Posted by on Wednesday, July 16, 2014 - 01:41 am.
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U.S. retail sales, manufacturing data point at firming economy

Posted on Wednesday, July 16, 2014 - 00:01 am

WASHINGTON (Reuters) – A gauge of U.S. consumer spending rose solidly in June, in the latest indication that the economy ended the second quarter on a stronger footing.


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Posted by on Wednesday, July 16, 2014 - 00:01 am.
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Long Island rail strike may cost economy $50 million/day: N.Y. comptroller

Posted on Tuesday, July 15, 2014 - 23:40 pm

NEW YORK (Reuters) – A strike by workers at New York’s Long Island Rail Road could cost $ 50 million a day in lost economic activity, a blow for a region still overcoming the effects of the recession and Superstorm Sandy, the state’s top financial watchdog said on Tuesday.


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Posted by on Tuesday, July 15, 2014 - 23:40 pm.
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Yellen says economy still needs Fed support

Posted on Tuesday, July 15, 2014 - 22:41 pm

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.


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Posted by on Tuesday, July 15, 2014 - 22:41 pm.
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Fed’s Yellen says U.S. recovery incomplete, defends loose policy

Posted on Tuesday, July 15, 2014 - 20:01 pm

WASHINGTON, (Reuters) – The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.


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Posted by on Tuesday, July 15, 2014 - 20:01 pm.
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S&P raises Ukraine’s outlook as IMF bailout boosts economy

Posted on Saturday, July 12, 2014 - 14:01 pm

Thomson Reuters is the world’s largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.


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Posted by on Saturday, July 12, 2014 - 14:01 pm.
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