News with Tags "economy"

Private-sector hiring breaks out of winter freeze

Posted on Thursday, April 3, 2014 - 00:40 am

By Lucia Mutikani

WASHINGTON (Reuters) – U.S. companies stepped up hiring in March for a second straight month, offering fresh evidence the economy was regaining momentum after a weather-driven lull over the winter.


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Posted by on Thursday, April 3, 2014 - 00:40 am.
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Private-sector hiring breaks out of winter freeze

Posted on Thursday, April 3, 2014 - 00:01 am

WASHINGTON (Reuters) – U.S. companies stepped up hiring in March for a second straight month, offering fresh evidence the economy was regaining momentum after a weather-driven lull over the winter.


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Posted by on Thursday, April 3, 2014 - 00:01 am.
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Close Hollande ally Sapin named French finance minister

Posted on Wednesday, April 2, 2014 - 17:41 pm

PARIS (Reuters) – Michel Sapin, a long-time political ally of President Francois Hollande who was his labor minister, was named to the powerful finance minister post on Wednesday.


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Posted by on Wednesday, April 2, 2014 - 17:41 pm.
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Raghuram Rajan warns of turmoil in markets if polls deliver unstable government

Posted on Tuesday, April 1, 2014 - 22:29 pm

MUMBAI: Reserve Bank Governor Raghuram Rajan today said the markets have built up high hopes of the elections delivering a stable Government, but cautioned against “some turmoil” in the equity, and perhaps the bond and forex markets, if an unstable dispensation comes to power.

“The issue is that the markets right now are anticipating a stable Government and rapid policy actions. To the extent markets are disappointed, it will reflect on stock markets, perhaps on bond markets, perhaps on exchange markets. We have to be prepared for some turmoil,” he said, speaking at the customary post-policy press conference.


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Posted by on Tuesday, April 1, 2014 - 22:29 pm.
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Gold prices higher in Asia as dollar mixed

Posted on Tuesday, April 1, 2014 - 15:52 pm

Investing.com – Investing.com – Gold prices rose slightly in Asia on Tuesday as the dollar traded mixed following overnight comments from Fed Chairwoamn Janet Yellen.


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Posted by on Tuesday, April 1, 2014 - 15:52 pm.
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‘Lehman moment’ in China? Not quite, says BlackRock

Posted on Tuesday, April 1, 2014 - 06:49 am

It is wrong to describe a recent corporate debt default in China as a ‘Lehman’ or ‘Bear Stearns’ moment, the Asia Pacific chairman for the world`s largest asset manager told CNBC on Monday.

Earlier this month Shanghai Chaori Solar Energy Science and Technology failed to make an 89.8 million yuan (USD 14.46 million) interest payment, marking China’s first corporate debt default in at least 17 years.


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Posted by on Tuesday, April 1, 2014 - 06:49 am.
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Britain’s Osborne changes tone on economy with ‘full employment’ target

Posted on Tuesday, April 1, 2014 - 00:01 am

LONDON (Reuters) – British finance minister George Osborne on Monday sounded a brighter note on the economy as the country gears up for an election in just over a year, and set a target of “full employment”.


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Posted by on Tuesday, April 1, 2014 - 00:01 am.
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See margins improve by 12-15% if Re gain continues: VIP

Posted on Monday, March 31, 2014 - 13:49 pm

Asia’s largest luggage maker VIP Industries  is among one of the biggest midcap gainers, rising 50 percent in March alone, and up around 65 percent in 3 months (form January 1). The stock was up 35 percent last week.

The company is a major beneficiary of the rupee appreciation since it imports most of its supplies — 70 percent sales come from soft luggage, primarily imported from China and the rest comes from hard luggage segment, which is manufactured in-house. VIP sees margins improving going forward.


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Posted by on Monday, March 31, 2014 - 13:49 pm.
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March stocks: In like a lion, out with whiplash

Posted on Sunday, March 30, 2014 - 22:43 pm

S&P 500 YTD

Stocks have been on a wild ride during the first quarter of 2014.


As the first quarter comes to a close this week, investors will be watching to see if the “keep calm and carry on” mantra will return.

Trading was choppy in the first three months of the year, with the crisis in Ukraine and questions about when the Fed will hike interest rates taking center stage.


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Posted by on Sunday, March 30, 2014 - 22:43 pm.
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S.Africa strikes less harmful for economy than before-FinMin

Posted on Sunday, March 30, 2014 - 17:41 pm

By Tim Cocks

ABUJA (Reuters) – Strikes affecting South Africa’s platinum mines over the past 10 weeks will cause less economic damage than industrial action in 2012 and have not yet hurt exports, the country’s finance minister said on Saturday.


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Posted by on Sunday, March 30, 2014 - 17:41 pm.
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China Stock-Index Futures Drop as Shanghai Heads for Weekly Loss

Posted on Friday, March 28, 2014 - 19:22 pm

China’s stock-index futures fell amid concerns a slowing economy will curb profits and the restart of initial public offerings will divert funds.


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Posted by on Friday, March 28, 2014 - 19:22 pm.
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Why economists say 2014 could prove breakout year

Posted on Friday, March 28, 2014 - 08:40 am

WASHINGTON (AP) — Once this year’s harsh weather has faded, the U.S. economy could be poised for a breakout year — its strongest annual growth in nearly a decade.


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Posted by on Friday, March 28, 2014 - 08:40 am.
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China premier says policies ready to counter economic volatility

Posted on Friday, March 28, 2014 - 08:01 am

BEIJING (Reuters) – China has the policy tools in store to support the economy this year and will roll out support measures, Premier Li Keqiang was quoted by the state media as saying, seeking to address recent concerns over faltering growth.


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Posted by on Friday, March 28, 2014 - 08:01 am.
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No single data point will determine rate rise -Fed’s Pianalto

Posted on Thursday, March 27, 2014 - 20:01 pm

(Reuters) – No single data point will determine when the Federal Reserve finally tightens its policy, a top U.S. central banker said on Thursday, reinforcing the notion stressed by Chair Janet Yellen that a “wide range” of factors would be considered.


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Posted by on Thursday, March 27, 2014 - 20:01 pm.
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Sensex@22,095: Five factors that can sustain or break the rally

Posted on Wednesday, March 26, 2014 - 19:29 pm

NEW DELHI: Sensex and Nifty are making fresh life highs almost every other day, and this seems to have become the new trend on D-Street.

Today, Sensex recorded a fresh intraday high of 22,172; and also record closing high of 22,095.30.

The 30-stock index gained 40.09 points, or 0.18%.


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Posted by on Wednesday, March 26, 2014 - 19:29 pm.
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Stimulus hopes boost world stock markets

Posted on Wednesday, March 26, 2014 - 16:41 pm

SEOUL, South Korea (AP) — World stock markets gained Wednesday as investors anticipated further stimulus measures from Europe and China while U.S. economic data reinforced recovery hopes in the world’s largest economy.


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Posted by on Wednesday, March 26, 2014 - 16:41 pm.
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Fed’s Bullard says U.S. jobless rate expected to fall below six percent this year

Posted on Wednesday, March 26, 2014 - 13:41 pm

By Michael Flaherty

HONG KONG (Reuters) – The U.S. unemployment rate will fall below 6 percent by the end of this year, a Federal Reserve official said on Wednesday, offering a bullish view on the country’s economy after central bank comments sent shock waves through financial markets last week.


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Posted by on Wednesday, March 26, 2014 - 13:41 pm.
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Stocks move higher on Wall Street

Posted on Wednesday, March 26, 2014 - 00:40 am

NEW YORK (AP) — The stock market moved higher Tuesday as investors assessed the health of the U.S. economy and several company earnings. Spice maker McCormick was the biggest gainer in the Standard & Poor’s 500 index after reporting earnings that exceeded analysts’ expectations.


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Posted by on Wednesday, March 26, 2014 - 00:40 am.
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Ukraine in talks with IMF for $15-20 billion loan package-finance minister

Posted on Tuesday, March 25, 2014 - 19:41 pm

KIEV (Reuters) – Ukraine, its economy seriously weakened by months of political turmoil and mismanagement, is negotiating with the International Monetary Fund for a loan package of $ 15-20 billion, its finance minister said on Tuesday.


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Posted by on Tuesday, March 25, 2014 - 19:41 pm.
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Kocherlakota won’t become Fed’s next habitual dissenter

Posted on Monday, March 24, 2014 - 04:41 am

By Ann Saphir

WASHINGTON (Reuters) – Minneapolis Federal Reserve Bank President Narayana Kocherlakota, whose differences with Fed Chair Janet Yellen over rewriting the central bank’s pledge to keep interest rates low led him to cast the sole dissenting vote on Fed policy last week, has no plans to make a habit of saying “no,” people familiar with his thinking say.


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Posted by on Monday, March 24, 2014 - 04:41 am.
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