- China economy grows at slowest pace in 5 years Associated Press - 5 minutes ago
- [$$] Bargains Are Found in Russian Markets @ The Wall Street Journal - 1 hour 4 minutes ago
Investors are hunting for bargains in Russia’s battered financial markets, in a bet the country can ride out the pain of Western sanctions and plunging oil prices.
- Italian Economic Minister Padoan Urges Patience on Reform Measures @ The Wall Street Journal - 1 hour 7 minutes ago
Italy’s Economy Minister Pier Carlo Padoan rebuffed criticism that the country is moving too slowly in liberalizing its economy, stressing that a mix of economic overhauls and budget measures recently ...
- [$$] France Puts Pressure on Germany for Stimulus Plan @ The Wall Street Journal - 1 hour 7 minutes ago
French ministers urged Germany to put in place a three-year, €50 billion stimulus program, deepening the confrontation over economic policy between Paris and Berlin.
- Mixed Economic Signals From China @ The New York Times - 3 hours ago
A slowing in the pace of growth, partly by design, has made assessing the Chinese economy and predicting its prospects difficult.
- China's third-quarter GDP data beat forecasts @ CNBC - 3 hours ago
China's economy grew at its slowest pace in more than five years in the third quarter, official statistics showed Tuesday, but the data still topped estimates.
- FOREX-Dollar extends modest losses, volumes wane ahead of data Reuters - 5 hours ago
Major currencies traded in tight ranges on Monday with investors facing a dearth of new data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped bring down the yen. Treasury market and dollar," said Paresh Upadhyaya, portfolio manager, director …
- FOREX-Dollar softer after run-up, yen supported by stock gains Reuters - 5 hours ago
Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped bring down the yen. The dollar was just slightly negative against the yen at 106.84 yen, while the …
- GPIF Plucks Japan Rally From Rout Amid Stock-Buying Bets @ Bloomberg - 5 hours ago
For evidence of how closely the fortunes of Japan ’s stock market are tied to the country’s $1.2 trillion pension fund, look no further than yesterday. The Topix index soared 4 percent, the most in more than a year, after the Nikkei newspaper reported that the Government Pension Investment Fund will increase its target …
- Companies question reliance on graduates @ Financial Times - 6 hours ago
Barclays used to be a company where you could start at the bottom without a degree and work your way up to the top. But the bank drifted away from that model, turning instead to the UK's plentiful supply ...
- Business Highlights Associated Press - 7 hours ago
___ Not so fast cordcutters_cable's not going anywhere Cord cutters rejoiced last week after HBO and CBS announced plans to sell stand-alone streaming services, a move that cable and satellite television ...
- Extending Unemployment Insurance Isn’t Dead, Says Labor Secretary The Fiscal Times - 8 hours ago
The Obama administration has not given up its efforts to renew a federal extension of unemployment insurance for the long-term jobless, Secretary of Labor Thomas Perez said Monday. In December of last year, Congress allowed the Emergency Unemployment Compensation (EUC) program to expire, a move that has so far kept more …
- Oil falls below $86 as oversupply, global economy worries weigh Reuters - 8 hours ago
Brent crude fell on Monday, dropping below $86 a barrel as worries about booming supply and sluggish demand pushed the global oil benchmark back toward last week's four-year low. Oil prices are down more than 25 percent since June on concern about a saturated global oil market and a gloomy economic outlook from Europe …
- U.S. shares gain despite IBM hit, build on Japan stocks surge Reuters - 8 hours ago
A measure of global equity markets rose on Monday after strong U.S. On Wall Street, IBM shares closed down 7.1 percent at $169.10. While IBM's miss limited the Dow's gains, the index turned modestly higher before the end of the U.S. It shows the overall strength in the market," said Philip Orlando, chief equity market …
- Ukraine Fighting Batters Truce Before Gas Talks Begin @ Bloomberg - 8 hours ago
Fighting shook the east of Ukraine a day before its government begins three-way talks with Russian and European Union officials in Brussels to negotiate the resumption of natural-gas deliveries which were halted in June. The cease-fire in Ukraine’s easternmost regions, sealed Sept. 5, was broken several times during the …
- EU budget timetable points to Italy budget being rejected Reuters - 9 hours ago
Italian Economy Minister Pier Carlo Padoan has said he expects the European Commission to issue its evaluation of Italy's 2015 budget on Oct. 29, a timetable which under EU rules would indicate the draft submitted by Rome had been rejected. The budget outlined last week by Prime Minister Matteo Renzi and submitted to Brussels …
- PM Modi steps up economic reforms, eyes privatisation Reuters - 9 hours ago
India promised on Monday to open up the coal industry to private players and moved closer to selling a stake in state-run Oil and Natural Gas Corp (ONGC), as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price controls. Using an executive order, the cabinet agreed to allow …
- [video] Closing Bell Exchange: Odds of US recession @ CNBC - 10 hours ago
Discussing the state of the U.S. economy and the likelihood of a recession, with Mark Matson, Matson Money; Mike PeQueen, HighTower; and CNBC's Rick Santelli.
- China slowdown? Markets brace for weak GDP data @ CNBC - 10 hours ago
China's report on gross domestic product Tuesday is expected to show a continuing slowdown in the world's third-largest economy.
- 11,500 jobs in Sept. cuts Conn.t jobless rate Associated Press - 11 hours ago
Employers in Connecticut added 11,500 jobs in September, cutting the unemployment rate to its lowest in nearly six years, the state Labor Department announced Monday. The unemployment rate fell to 6.4 ...
- American Consumers See Windfall From Lower Gasoline Costs @ Bloomberg - 11 hours ago
When it comes to pulling up to the gasoline pump, Americans haven’t had it this good since 2011. Economists at Barclays Plc and JPMorgan Chase & Co. are among those that reckon the boost to incomes will lift U.S. A sustained drop in gasoline prices will do double duty as a source of extra cash and a psychological lift …
- Detroit bankruptcy decision set for early November Associated Press - 11 hours ago
A judge pledged Monday to make a swift decision on Detroit's plan to get out of bankruptcy, signaling that the largest U.S. case of an insolvent local government could close in just a few more weeks. Judge ...
- ‘Worst’ Treasuries Call Missed Slowdown, BofA’s Woo Says @ Bloomberg - 11 hours ago
Bank of America Merrill Lynch issued its “worst” forecast for this year when it comes to Treasury yields after failing to account for a global slowdown, according to David Woo, head of global rates and currencies. The “rates forecast has been our worst forecast this year, I mean myself included,” Woo, based in New York …
- Moody's raises Egypt's outlook to stable Associated Press - 12 hours ago
CAIRO (AP) — Moody's Investor Services said Egypt's political and security situation has stabilized, raising the country's outlook from negative to stable.
- A profound driver: Initial jobless claims lowest since early 2000 Market Realist - 12 hours ago
Initial jobless claims are one of the few labor market indicators released every week. Unemployment is a profound driver of economic growth.
- Germany, France Vow Investment, Sidestep Who Will Pay for It @ Bloomberg - 13 hours ago
German and French cabinet members pledged to boost investment and speed economic reforms as the euro area economy sags, while sidestepping the question of how to finance the drive. French Finance Minister Michel Sapin and Economy Minister Emmanuel Macron said after talks in Berlin today with German Finance Minister Wolfgang …
- Is it ‘do svidanya’ for Russia and the West? One businessman thinks so @ Fortune - 13 hours ago
A hardening political confrontation threatens to undo two decades of mutual benefits, banker and publisher Alexander Lebedev fears.
- What You Need To Know About The Employment Report @ Investopedia - 13 hours ago
This widely watched indicator of economic well-being directly influences the market.
- China’s growth rate is expected to slow sharply by the end of the decade @ Fortune - 13 hours ago
A new report anticipates China's economic growth will slide much faster than expected, hitting 4% by 2020.
- Canada’s Budget Target Supports Top Rating, Moody’s Says @ Bloomberg - 14 hours ago
Canada is projected to eliminate a budget deficit this fiscal year and post “moderate” surpluses in the following years, Moody’s Investors Service said. Prudent financial policies and debt levels validate the country’s top credit rating, Moody’s said in an annual credit analysis on Canada today affirming its Aaa rating …
- Bonds turn flat as Goldman cuts 10-year yield outlook @ CNBC - 14 hours ago
U.S. sovereign bond prices rose slightly on Monday as investors paused to consider more economic data.
- 5 reasons Janet Yellen shouldn’t focus on income inequality @ MarketWatch - 15 hours ago
Setting the groundwork for faster economic growth would help poorer Americans, writes Diana Furchtgott-Roth.
- Russia warns of ‘prolonged’ period of cold relations with U.S. @ Fortune - 15 hours ago
Frustration at Western hectoring boils over after Milan meeting brings no progress; Ruble near all-time lows again after Moody's cuts sovereign debt rating.
- Israel panel proposes 25-42 pct tax hike on mining companies Reuters - 15 hours ago
An Israeli government panel on Monday proposed sharply raising taxes on mining activities, but it softened the blow by recommending a progressive, rather than flat, rate ranging from 25 to 42 percent. The hike drew the ire of the country's largest mining firm, potash and speciality chemicals maker Israel Chemicals (ICL) …
- They Studied Keynes and They're Doing This. Why Can't the Fed See It? Bloomberg - 15 hours ago
Federal Reserve policy makers are missing a key element as they assess the health of the labor market: data that includes whether those who are employed are overqualified for their job or would like to work more hours. As a result, the "significant underutilization of labor resources" that Fed officials highlighted last …
- [$$] Gauging Economic Fear Factor @ The Wall Street Journal - 15 hours ago
The Outlook: Transmitted through bodily fluids, Ebola isn’t nearly as contagious as airborne diseases such as influenza. But its spread has produced real risks of economic contagion.
- Oil Workers Earning $179,000 Expose Norway to Crude Crash Bloomberg - 15 hours ago
Norway, where oil helped create one of the world's most stable and prosperous societies, is among the most exposed to falling crude prices. Three projects led by state-owned Statoil ASA (STL), which is borrowing and selling assets to cover dividend payments, are at risk of being delayed or shelved, said Jarand Rystad, …
- Canada's Confidence in Economic Outlook Hits 18-Month Low @ Bloomberg - 15 hours ago
The share of Canadians who think the economy will improve over the next six months dropped to 16.3 percent in the week ended Oct. 17, the lowest since April 2013, according to the Bloomberg Nanos Canadian Confidence Index. The International Monetary Fund cut its forecast for world growth on Oct. 7, warning that advanced …
- German companies tread unfamiliar territory with job cuts @ Financial Times - 15 hours ago
When the flow of containers began to slow at the docks in Duisburg a few months ago, workers at the world's largest inland port got an early indication that Germany's export machine had begun to falter. ...
- Unity on Eurozone Growth Eludes Germany and France @ The New York Times - 15 hours ago
Meeting in Berlin, the French and German finance and economy ministers said only that they had agreed to come up with economic proposals by Dec. 1.
- Survey: Pay raises rarer despite strong US hiring Associated Press - 16 hours ago
- Why Europe Must Drop the Euro and Germany Must Abandon Mercantilism @ TheStreet.com - 16 hours ago
Europe can't recover with a single currency or with Germany's mercantilist policies.
- Euro Steady Ahead Of Economic Data This Week Benzinga - 17 hours ago
The euro began the week trading steadily at $1.2757 at 7:00 GMT on Monday morning. The common currency could be in for another fall if the region’s recovery continues to decline as investors lose confidence. ...
- Russia Won’t Accept Terms to End Sanctions Over Ukraine @ Bloomberg - 17 hours ago
Russia’s foreign minister said his country won’t accept conditions to end sanctions after talks in Italy failed to produce a breakthrough over the truce in Ukraine’s conflict-ridden east. Russia has been told to comply with various criteria before the U.S. The cease-fire in Ukraine’s easternmost regions, sealed Sept. …
- Brent Above $86 To Begin The Week Benzinga - 17 hours ago
Brent crude oil began the week above $86 after positive economic data from the U.S. helped boost demand expectations. The commodity traded at $86.46 at 7:50 GMT as investors looked to China for a better ...
- FOREX-Yen recovers ground as European stocks fall Reuters - 17 hours ago
* Risk appetite wanes in European trading Germany's central bank said on Monday that the German economy - the largest in the euro zone - risks coming dangerously close to recession, forecasting little or no economic growth in the second half of the year. The European Central Bank, meanwhile, said it had started buying …
- Fading inflation good for consumers but hints at lurking threats MarketWatch - 17 hours ago
Falling oil prices have given households a break and could help the economy, but receding inflation also reflects lurking threats overseas that could harm the U.S. if they persist.
- Germany risks recession, in Bundesbank's bleak outlook Reuters - 17 hours ago
Germany risks coming dangerously close to recession, the central bank said on Monday in a forecast that predicted little or no economic growth in the second half of the year. In the Bundesbank's gloomy assessment, the euro zone's biggest economy will stay weak, compounding the problems of the 18-country bloc, where the …
- 'Airbender' tax credit shows how far states will go to woo filmmakers @ Los Angeles Times - 17 hours ago
Pennsylvania film officials were understandably eager to have the "The Last Airbender" shoot in their state.
- Bond Market Brightest Turn Oil Analysts as Gyrations Mystify @ Bloomberg - 18 hours ago
The consensus estimate among the more than 60 strategists surveyed by Bloomberg in January was for yields to rise in 2014. One of the few to get it right was FTN Financial, and its analysts say even after the rally yields are not far from fair value because cheaper energy prices will help curb gains in consumer prices. …