Tag Archives: economic growth

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Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears

06 June, 2019 8:31 am 8:31 am

NEW YORK (Reuters) – US stocks ended nominally lower as investors awaited next week’s Federal Reserve meeting for signs of imminent easing, while the US-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil prices higher. Lingering worries over the US-China trade war also weighed on investor sentiment. Weak China data and … Read More

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May’s Brexit talks with Labour stall, delay request fails to convince...

04 April, 2019 7:51 am 7:51 am

LONDON (Reuters) – Britain’s opposition Labour Party said that talks with the government on a last-ditch Brexit deal had made no progress, as EU leaders said Prime Minister Theresa May had not convinced them that they should let Britain delay its departure next week. May wrote to Brussels asking European Union leaders to postpone Britain’s … Read More

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Indian, economic growth, slowed, unemployment, worst level, Modi, NYT

Indian economic growth slowed, unemployment hit worst level during Modi ten...

03 March, 2019 8:02 am 8:02 am

NEW DELHI — Only one month ago, Narendra Modi, India’s once unstoppable prime minister, seemed surprisingly vulnerable going into his re-election campaign. Economic growth had been slowing, thousands of farmers were marching on the capital (some even dumped gallons of nearly worthless milk in the streets), and unemployment had hit its worst level in 45 … Read More

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China’s Xi urges financial risk prevention while seeking stable growt...

02 February, 2019 1:06 pm 1:06 pm

BEIJING (Reuters) – China should seek stable development of its economy while not forgetting to fend off risks to its financial system, Chinese President Xi Jinping said, state news agency Xinhua reported on Saturday. China’s economy is growing at its slowest pace in almost 30 years, spurring policymakers to bolster growth by easing credit conditions … Read More

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China confident of keeping 2019 growth within ‘appropriate range̵...

01 January, 2019 9:06 am 9:06 am

SHANGHAI (Reuters) – China is fully confident that it is capable of keeping its economic growth rate within an appropriate range in 2019 in spite of challenges, state news agency Xinhua reported . “China’s economy has enough resilience, potential and ample room for growth, especially with a huge domestic market and rich human resources of … Read More

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Oil prices dip on signs of economic slowdown, but OPEC-led cuts provide sup...

01 January, 2019 8:16 am 8:16 am

SINGAPORE (Reuters) – Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel. International Brent crude oil futures LCOc1 were at $60.46 per barrel at 0146 GMT, down 18 cents, or 0.3 percent from their last close. US West Texas … Read More

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May warns of catastrophe if lawmakers don’t back Brexit deal

01 January, 2019 8:16 am 8:16 am

LONDON (Reuters) – British Prime Minister Theresa May has warned lawmakers that failure to back her plan to leave the European Union would be catastrophic for Britain, in a plea for support two days ahead of a vote in parliament that she is expected to lose. Lawmakers are set to vote on May’s Brexit deal … Read More

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Japan’s Abe says vigilant to global economic risks clouding recovery

01 January, 2019 10:58 am 10:58 am

TOKYO (Reuters) – Japan’s government will keep a close eye on looming risks to a global economic recovery as it guides policy, Prime Minister Shinzo Abe said in an interview aired by public broadcaster NHK on Sunday. Signs of slowing global demand and recent sharp rises in the yen currency have clouded the outlook for … Read More

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Golden years are over for German tax revenues: Finance Minister Scholz

01 January, 2019 8:41 am 8:41 am

BERLIN (Reuters) – The golden years of German tax revenues regularly exceeding expectations are ending, Finance Minister Olaf Scholz told newspaper Bild am Sonntag. Germany has enjoyed a surplus since 2014 as the European Union’s largest economy has grown for nine years in a row, but growth is expected to weaken in 2019 as headwinds … Read More

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Trade wars cost US, China billions of dollars each in 2018

12 December, 2018 8:20 am 8:20 am

CHICAGO (Reuters) – The US-China trade war resulted in billions of dollars of losses for both sides in 2018, hitting industries including autos, technology – and above all, agriculture. Broad pain from trade tariffs outlined by several economists shows that, while specialized industries including US soybean crushing benefited from the dispute, it had an overall … Read More

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Oil plunges 6 percent as economic slowdown fears grip market

12 December, 2018 2:32 pm 2:32 pm

NEW YORK (Reuters) – Oil prices plunged more than 6 percent to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market. US crude futures CLc1 and global benchmark Brent LCOc1 hit their lowest levels since 2017 during the … Read More

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As FAANG stocks falter, fund managers make bets on survivors

12 December, 2018 10:19 am 10:19 am

NEW YORK (Reuters) – A bear market in the so-called FAANG stocks – Wall Street’s most popular trade going into the year – is pushing fund managers into searching for the next big growth companies that can lead the overall market higher. Shares of Facebook Inc, Amazon.com Inc, Apple Inc, Netflix Inc, and Google-parent Alphabet … Read More

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Global growth worry hits stocks, but US data lifts dollar

12 December, 2018 9:07 am 9:07 am

NEW YORK (Reuters) – A gauge of global stocks tumbled after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China. Euro zone business ended the year on a weak note, expanding at the slowest pace in over … Read More

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Global shares mixed as trade worries loom; oil surges

12 December, 2018 9:33 am 9:33 am

NEW YORK (Reuters) – Concerns over China-US trade tensions gave European shares their worst week of losses in two months and sank US stocks , overshadowing the lift from higher oil prices and jobs data. While Europe was higher on the day with a small recovery after three sessions of heavy losses, the trade standoff … Read More

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Brexit deal is best option to protect British economy: Hammond

11 November, 2018 8:41 am 8:41 am

EDINBURGH (Reuters) – Britain’s draft deal to leave the European Union is the best available solution to safeguard the economy and start to reunite a divided country, Chancellor Philip Hammond said on Saturday. Prime Minister Theresa May is due to meet EU leaders on Sunday in Brussels to sign off on the Brexit deal although … Read More

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