Tag "economy"

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Turkmenistan set to scrap social benefits as economy worsens

ASHGABAT, Turkmenistan (AP) — The energy-rich Central Asian nation of Turkmenistan looks set to scrap free provision of electricity, household gas and water to its citizens as the economy shows

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Brazil’s credit rating downgraded to junk

Brazil’s debt is now in junk territory. The country’s debt was downgraded by Standard & Poor’s Wednesday after markets closed. S&P rated Brazil’s debt BB+ with a negative outlook, which

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IMF urges recession-hit Tunisia to speed up reforms

TUNIS, Tunisia (AP) — The managing director of the International Monetary Fund urged Tunisia to speed up reforms of its economy, as the North African country slid into a recession

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China Premier says economic prospects positive, to maintain policy direction

DALIAN, China (Reuters) – The prospects for China’s economy were positive even though the world’s second largest economy continued to experience downward pressure, Chinese Premier Li Keqiang said on Wednesday.

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South Africa goes 30 days without power cuts in boost for economy

By Ed Stoddard JOHANNESBURG (Reuters) – South Africa’s struggling power utility Eskom has marked 30 straight days without imposing rolling power cuts, providing a spark of hope to an economy

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Eurozone economic growth revised up despite Greece crisis

LONDON (AP) — The 19-country eurozone’s economy grew faster than previously estimated over the first half of the year, a further indication that the region managed to withstand the escalating

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Focus turns to U.S. data as China slowdown looms

By Chuck Mikolajczak NEW YORK (Reuters) – After a dizzying two weeks that saw a rapid plunge and rebound in

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France’s economy minister stumbles on 35-hour-week, again

Paris (AFP) – France’s divisive economy minister has once again made waves among Socialists by criticising the country’s sacrosanct 35-hour

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The US economy’s second quarter went from solid to stellar

WASHINGTON (AP) — The U.S. economy staged a far bigger rebound last quarter than first thought, outpacing the rest of

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Ukraine reaches debt relief deal with creditors

MOSCOW (AP) — The Ukrainian government said Thursday it has reached a crucial deal with its international bondholders to lighten

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China media slams Western ‘hype’ over economic slowdown

BEIJING (Reuters) – China is showing “rare courage” to reform in the face of economic troubles, the country’s top newspaper

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Don’t panic! China has problems, not a crisis

What’s happening in China is worrisome. But many economists say there’s no reason to panic. Sure, stock markets are very

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Peet’s sees U.S. premium coffee demand soaring, driven by millennials

By Luc Cohen NEW YORK(Reuters) – Millennial consumers are driving a shift in coffee consumption away from traditional economy brands

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China rate cuts welcome, but not enough, say experts

China’s latest interest rate cut — the fifth since November — is not enough to reverse slowing growth in the

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China needs to open up about its economy

Many of the worries over China’s economy and markets can be boiled down to a single word: Uncertainty. Will Beijing

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S.Africa’s economy contracts, weakens case for rate hikes

PRETORIA (Reuters) – South Africa’s economy contracted for the first time in more than a year during the second quarter

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FTSE Bounces Back As China Tumbles Again

The FTSE 100 Index has bounced back this morning after so-called ‘Black Monday’ – one of the bleakest days in

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Paul B. Farrell: Donald Trump’s USA Inc. will kill our climate, our economy and our democracy

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FTSE 100 Loses £74bn As World Shares Slump

The FTSE 100 ended the day dropping 289 points, or 4.7%, lower to 5899 after the index was one of

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Sensex 28077.18-52.66 (-0.19%)


Nifty 8693.05-6.35 (-0.07%)



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