Tag "economy"

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Climate agreement to have big impact on China

China must make significant investments now to meet the targets of last week’s agreement with the United States on greenhouse gas emissions, a senior US official said Monday, predicting a

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Japan economy enters recession after surprise Q3 contraction

Japan’s economy sank into recession in the third quarter, making it almost inevitable that Prime Minister Shinzo Abe will delay a fresh sales tax hike and call snap elections to

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Cyprus economy shrinks 0.4% in Q3

Nicosia (AFP) – Cyprus’s recession-hit economy contracted by 0.4 percent in the third quarter, matching the drop of the previous three months, official figures showed on Friday. It was the

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German metalworkers’ union demands 5.5% wage hike

Frankfurt (AFP) – IG Metall, the powerful engineering and metalworkers’ union, said Tuesday it will seek pay hikes of up to 5.5 percent for its 3.7 million members in the

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India’s Modi expands cabinet, expected to name new defense minister

NEW DELHI (Reuters) – India’s Prime Minister Narendra Modi beefed up his cabinet on Sunday, adding four ministers in a move likely to free Finance Minister Arun Jaitley from the

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Wonkblog: How China’s ivory addiction explains the new world economy

Tanzania, the world’s biggest source of illegal ivory, lost an average of 30 elephants per day in 2013, contributing to a trend that has seen half of the country’s elephant

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Annual China export, import growth slows in October, reinforcing signs of fragility

BEIJING (Reuters) – Annual growth in China’s exports and imports slowed in October, data showed on Saturday, reinforcing signs of

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Analysts: How GOP Congress could boost US economy

WASHINGTON (AP) — Voters made clear Tuesday that they’re worried about the economy, despite steady job gains, a robust stock

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Japan economics minister Amari: Excessive yen falls, rises both undesirable

TOKYO (Reuters) – Japanese cabinet ministers expressed concern about the yen’s rapid fall, suggesting that the government may be trying

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Hyundai Motor, Kia Motors aim to raise fuel economy by 25 percent by 2020

SEOUL (Reuters) – Hyundai Motor <005380.KS> and its affiliate Kia Motors <000270.KS> said on Thursday they aim to raise the

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South Africa’s business confidence down at 88.8 in October

JOHANNESBURG (Reuters) – Business confidence in South Africa fell to 88.8 in October, from 89.2 in September, reflecting uncertainty as

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Fresh monetary easing exposes cracks in Japan’s growth blitz

The Bank of Japan’s surprise move to inflate its already huge stimulus programme exposes the cracks in Tokyo’s plan to

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Renzi demands respect as row with EU’s Juncker escalates

Rome (AFP) – Italy’s Prime Minister Matteo Renzi demanded respect from Brussels on Tuesday as a row with new European

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BoC: stimulus still needed despite concern over stability risks

OTTAWA (Reuters) – The Bank of Canada still needs to inject monetary policy stimulus into the flagging economy despite concerns

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Euro zone to avoid recession, stagnation risks remain: EU Commission

BRUSSELS (Reuters) – The fragile euro zone will need another year to reach even a modest level of economic growth,

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Nissan executive says dollar-yen in good range, positive for Japan

TOKYO (Reuters) – A top Nissan Motor Co executive said on Tuesday that the yen was currently in a good

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Midterm elections carry high stakes for US economy

WASHINGTON (AP) — The midterm slugfest for control of the U.S. Senate could have far-reaching effects on the economy. Tuesday’s

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Hyundai, Kia in record settlement with U.S. for overstating mileage

WASHINGTON/DETROIT (Reuters) – Korean carmakers Hyundai Motor Co <005380.KS> and affiliate Kia Motors Corp <000270.KS> will pay $ 350 million

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Hyundai, Kia to pay $100 million over fuel economy suit

Washington (AFP) – Hyundai and Kia agreed to pay $ 100 million Monday to settle a US government investigation into

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