- CA-BUSINESS Summary Reuters - 22 mins ago
Dollar, German bond yields ease before Bernanke LONDON (Reuters) - The dollar and benchmark German debt yields eased on Wednesday as expectations hardened that the head … More »CA-BUSINESS Summary
Dollar, German bond yields ease before Bernanke LONDON (Reuters) - The dollar and benchmark German debt yields eased on Wednesday as expectations hardened that the head of the U.S. central bank will later in the day signal no tapering back of its ultra-loose monetary policy. Two senior Federal Reserve officials struck a …
- Bank of Japan vows market steps to curb bond turbulence Stanley White - Reuters - 23 mins ago
By Stanley White TOKYO (Reuters) - The Bank of Japan vowed on Wednesday to take necessary steps to reduce volatility in bond markets that has threatened to jeopardize … More »Bank of Japan vows market steps to curb bond turbulence
By Stanley White TOKYO (Reuters) - The Bank of Japan vowed on Wednesday to take necessary steps to reduce volatility in bond markets that has threatened to jeopardize the government's fight to end deflation and revive growth. The central bank upgraded its assessment of the economy for a fifth straight month, saying it "has …
- Impoverished Malawi sells presidential jet for $15 mln Reuters - 24 mins ago
LILONGWE (Reuters) - Malawi's luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African … More »Impoverished Malawi sells presidential jet for $15 mln
LILONGWE (Reuters) - Malawi's luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African country, a government official said on Wednesday. Mutharika, who left the economy on the brink of collapse after he picked a fight with donors whose support …
- Oil below $96 before crude stocks report, Fed PAMELA SAMPSON - AP - 35 mins ago
BANGKOK (AP) — The price of oil fell Wednesday as investors waited for a report on U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy. More »Oil below $96 before crude stocks report, Fed
BANGKOK (AP) — The price of oil fell Wednesday as investors waited for a report on U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy.
- Impoverished Malawi sells presidential jet for $15 million Reuters - 35 mins ago
LILONGWE (Reuters) - Malawi's luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African … More »Impoverished Malawi sells presidential jet for $15 million
LILONGWE (Reuters) - Malawi's luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African country, a government official said on Wednesday. Mutharika, who left the economy on the brink of collapse after he picked a fight with donors whose support …
- Bank of England remains divided on stimulus AP - 37 mins ago
LONDON (AP) — The Bank of England's policymakers remain divided on whether to provide more stimulus to the flat-lining economy, according to the minutes of their meeting … More »Bank of England remains divided on stimulus
LONDON (AP) — The Bank of England's policymakers remain divided on whether to provide more stimulus to the flat-lining economy, according to the minutes of their meeting in May.
- Plunge in retail sales points to fragile economy Olesya Dmitracova and Christina Fincher - Reuters - 40 mins ago
By Olesya Dmitracova and Christina Fincher LONDON (Reuters) - British retail sales dropped at their sharpest pace in a year last month, a reminder of weakness in the … More »Plunge in retail sales points to fragile economy
By Olesya Dmitracova and Christina Fincher LONDON (Reuters) - British retail sales dropped at their sharpest pace in a year last month, a reminder of weakness in the country's economy after some recent signs of recovery. Sales of food plunged 4.1 percent from March, the worst showing in almost two years. As the government …
- World stocks mixed ahead of Fed chief testimony PAMELA SAMPSON - AP - 44 mins ago
BANGKOK (AP) — World stock markets were mixed Wednesday, hours before Federal Reserve chairman Ben Bernanke is to deliver remarks before Congress on the state of the … More »World stocks mixed ahead of Fed chief testimony
- Dollar, German bond yields ease before Bernanke Richard Hubbard - Reuters - 47 mins ago
By Richard Hubbard LONDON (Reuters) - The dollar and benchmark German debt yields eased on Wednesday as expectations hardened that the head of the U.S. central bank will … More »Dollar, German bond yields ease before Bernanke
By Richard Hubbard LONDON (Reuters) - The dollar and benchmark German debt yields eased on Wednesday as expectations hardened that the head of the U.S. central bank will later in the day signal no tapering back of its ultra-loose monetary policy. Two senior Federal Reserve officials struck a dovish tone on the economy in …
- Wal-Mart's S.Africa unit Massmart cautions on soft sales growth Reuters - 54 mins ago
JOHANNESBURG (Reuters) - South Africa's Massmart Holdings said on Wednesday it expects lacklustre sales growth this year, as the unit of Wal-Mart Stores Inc battles with … More »Wal-Mart's S.Africa unit Massmart cautions on soft sales growth
JOHANNESBURG (Reuters) - South Africa's Massmart Holdings said on Wednesday it expects lacklustre sales growth this year, as the unit of Wal-Mart Stores Inc battles with weak consumer demand in Africa's top economy. Massmart, majority owned by the world's largest retailer, said comparable store sales increased by 5.6 percent …
- China's Li offers to help end Pakistan energy crisis Nick Macfie - Reuters - 1 hr 34 mins ago
By Nick Macfie ISLAMABAD (Reuters) - China and Pakistan should make cooperation on power generation a priority, Chinese Premier Li Keqiang said, as Islamabad seeks to … More »China's Li offers to help end Pakistan energy crisis
By Nick Macfie ISLAMABAD (Reuters) - China and Pakistan should make cooperation on power generation a priority, Chinese Premier Li Keqiang said, as Islamabad seeks to end an energy crisis that triggers power cuts of up to 20 hours a day, bringing the economy to a near standstill. Li arrived in the Pakistan capital under …
- Weak yen a help for Japan, but headache elsewhere ELAINE KURTENBACH - AP - 2 hrs 36 mins ago
TOKYO (AP) — A steady decline in the yen is proving a godsend for exporters such as Toyota and has won solid support from Japan's main trading partners, who are betting … More »Weak yen a help for Japan, but headache elsewhere
TOKYO (AP) — A steady decline in the yen is proving a godsend for exporters such as Toyota and has won solid support from Japan's main trading partners, who are betting the impact on their own currencies will be offset by gains from a recovery in the world's third-largest economy. It's not such good news for entrepreneurs …
- Nigeria $1 bln wealth fund to start investing in June Camillus Eboh - Reuters - 3 hrs ago
By Camillus Eboh LAGOS (Reuters) - Nigeria will begin investing the initial $1 billion allocated to a new sovereign wealth fund by June, a statement from the fund showed, … More »Nigeria $1 bln wealth fund to start investing in June
By Camillus Eboh LAGOS (Reuters) - Nigeria will begin investing the initial $1 billion allocated to a new sovereign wealth fund by June, a statement from the fund showed, after it delayed the start date twice. Africa's biggest oil producer is one of only three OPEC member states that do not yet have a wealth fund (SWF) …
- Kenya top grade tea prices inch higher at sale Reuters - 3 hrs ago
NAIROBI (Reuters) - The average price of Kenya's top grade Broken Pekoe Ones tea rose for the first time in four weeks, nudging higher to $3.27 per kg at auction from … More »Kenya top grade tea prices inch higher at sale
NAIROBI (Reuters) - The average price of Kenya's top grade Broken Pekoe Ones tea rose for the first time in four weeks, nudging higher to $3.27 per kg at auction from $3.26 at the previous sale, trader Africa Tea Brokers (ATB) said on Tuesday. The east African economy is the world's leading exporter of black tea, which …
- Japan's central bank says economy picking up ELAINE KURTENBACH - AP - 4 hrs ago
TOKYO (AP) — Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at home, though the … More »Japan's central bank says economy picking up
- Oil falls below $96 before Fed chief speaks PAMELA SAMPSON - AP - 4 hrs ago
BANGKOK (AP) — The price of oil fell Wednesday as investors waited for a report on U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy. More »Oil falls below $96 before Fed chief speaks
BANGKOK (AP) — The price of oil fell Wednesday as investors waited for a report on U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy.
- Asia stocks rise as Fed official backs easy policy PAMELA SAMPSON - AP - 4 hrs ago
BANGKOK (AP) — Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S. central bank … More »Asia stocks rise as Fed official backs easy policy
- Bernanke testimony to be studied for policy clues MARTIN CRUTSINGER - AP - 6 hrs ago
WASHINGTON (AP) — When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might … More »Bernanke testimony to be studied for policy clues
- Japan exports disappoint, full benefits of weak yen yet to show Tetsushi Kajimoto - Reuters - 9 hrs ago
By Tetsushi Kajimoto TOKYO (Reuters) - Japan's exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the … More »Japan exports disappoint, full benefits of weak yen yet to show
By Tetsushi Kajimoto TOKYO (Reuters) - Japan's exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the challenges confronting the world's third-biggest economy as policymakers try to engineer a sustained revival. The 3.8 percent annual increase in exports in …
- Bank of Canada's Carney says Europe needs big reforms Leila Lemghalef - Reuters - 9 hrs ago
By Leila Lemghalef MONTREAL (Reuters) - Europe could face a decade of stagnation unless it makes big reforms and it should heed the lessons of Japan, Bank of Canada Governor … More »Bank of Canada's Carney says Europe needs big reforms
By Leila Lemghalef MONTREAL (Reuters) - Europe could face a decade of stagnation unless it makes big reforms and it should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to bolster growth. In his final speech as Canadian central bank chief before he takes …
- Ireland rejects blame for Apple's low tax rate Conor Humphries and Padraic Halpin - Reuters - 10 hrs ago
By Conor Humphries and Padraic Halpin CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate … More »Ireland rejects blame for Apple's low tax rate
By Conor Humphries and Padraic Halpin CORK/DUBLIN (Reuters) - Ireland said on Tuesday it was not to blame for Apple Inc's low global tax payments and had no special rate deal with the company after the U.S. Senate said it paid little or no tax on tens of billions of dollars in profits stashed in Irish subsidiaries. The …
- Does France have right plan to revive its economy? SARAH DiLORENZO - AP - 11 hrs ago
PARIS (AP) — The man charged with reviving France's shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite. More »Does France have right plan to revive its economy?
- TSX glides near two-month high as major sectors rally John Tilak - Reuters - 12 hrs ago
By John Tilak TORONTO (Reuters) - Canada's main stock index jumped more than 1 percent to hit nearly a two-month high on Tuesday, fueled by gains in most major sectors … More »TSX glides near two-month high as major sectors rally
By John Tilak TORONTO (Reuters) - Canada's main stock index jumped more than 1 percent to hit nearly a two-month high on Tuesday, fueled by gains in most major sectors and optimism following positive economic data from Europe. British inflation fell twice as fast as expected last month, giving incoming Bank of England Governor …
- China's bird flu outbreak cost $6.5 billion Stephanie Nebehay - Reuters - 13 hrs ago
By Stephanie Nebehay GENEVA (Reuters) - The H7N9 virus appears to have been brought under control in China largely due to restrictions at bird markets, but caused some … More »China's bird flu outbreak cost $6.5 billion
By Stephanie Nebehay GENEVA (Reuters) - The H7N9 virus appears to have been brought under control in China largely due to restrictions at bird markets, but caused some $6.5 billion in losses to the economy, U.N. experts said on Tuesday. Health authorities worldwide must be on the lookout to detect the virus, the experts …
- New Egypt tax law: cuts for poor, business hikes AYA BATRAWY - AP - 13 hrs ago
CAIRO (AP) — Egypt's president signed a new tax law Tuesday that cuts the amount paid by poorer Egyptians in the latest move aimed at reforming the country's economy … More »New Egypt tax law: cuts for poor, business hikes
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