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Economy, Government & Policy

  • A woman looks at a gold chain at a jewellery showroom on the occasion of Dhanteras, a Hindu festival associated with Lakshmi, the goddess of wealth, at a market in Mumbai

    Gold inched up on Friday as European shares fell but was set to snap a two-week winning streak on a firm dollar and robust economic data that dented demand for the metal as an insurance against risk. Spot gold was up 0.1 percent at $1,232.10 an ounce by 0956 GMT, after slipping more than 1 percent in the previous two sessions. …

  • Britain's bill from the EU is growing and it's the country's booming economy that's to blame, although growth slowed in the third quarter.

  • Investors fear the impact it will have on global bond and equity markets when the Fed is out of the bond-manipulation business.

  • World stocks dipped on Friday, as European bank stress test results due at the weekend and New York City's first case of Ebola prompted investors to lock in profits after the best week for shares in well over a year. Europe's main bourses in London (.FTSE), Frankfurt (.GDAXI) and Paris (.FCHI) all opened 0.5 percent in …

  • A man walks past the London Stock Exchange in the City of London

    World stocks dipped on Friday, as European bank stress test results due at the weekend and New York City's first case of Ebola prompted investors to lock in profits after the best week for shares in well over a year. Europe's main bourses in London, Frankfurt and Paris all opened 0.5 percent in the red and U.S. "It's …

  • A traffic sign is pictured in front of the skyline of the the Canary Wharf financial district in London

    Britain's rapid economic recovery eased in the three months to September, as services output growth slowed and manufacturing expanded at the weakest pace in 18 months, official data showed on Friday. Gross domestic product expanded by 0.7 percent in the third quarter, compared with 0.9 percent the quarter before, in line …

  • How the Stock Selloff Boosted the Economy The Fiscal Times - 1 hour 22 minutes ago
    How the Stock Selloff Boosted the Economy

    While the Dow Jones Industrial Average's flirting with the 16,000 level rattled a lot of investors, it contributed side benefits that are poised to bolster retail spending, the housing market, and job growth in the months to come. To understand this, you need to understand that the selloff didn't originate in stocks but …

  • U.K. economic growth cooled in the third quarter as threats to the recovery from the euro-area slump mounted. Gross domestic product rose 0.7 percent in the three months through September, compared with 0.9 percent in the second quarter, the Office for National Statistics said today. The slowdown comes as Bank of England …

  • Critics must stop ostracizing Putin and show more readiness to talk to salvage Germany's economic links with Russia, said Eckhard Cordes, head of the BDI industry federation's committee for eastern Europe. "If there is no solution to the crisis soon, the relationship of trust between business partners will erode," said …

  • Germany's potential for economic growth is far too low and the country must invest more, the EU's top economic official said on Friday, joining a growing chorus of leaders who want Europe's biggest economy to spend more to avoid euro zone stagnation. Germany is looking increasingly isolated on its prescription for an economic …

  • South Korea’s won posted the biggest two-day drop in more than two weeks on dollar strength as the fewest U.S. The Bloomberg Dollar Spot Index, which tracks the greenback against 10 major peers, closed at the highest level since Oct. 3 yesterday as a report showed U.S. The Federal Reserve, which indicated in September …

  • India's economy will likely grow at its fastest pace in two years in the current fiscal year as Prime Minister Narendra Modi implements reforms to attract investment, a Reuters poll of economists showed on Friday. The after-glow from Modi's election victory earlier in the year helped India's economy clock a robust 5.7 percent …

  • Unemployed hairdresser and mother-of-three Yasmin Rubiano looks at documents at her flat in Madrid

    Last year Madrid’s city and regional governments sold almost 5,000 rent-controlled flats to private equity investors including Goldman Sachs and Blackstone. Jamila Bouzelmat is one of them. The mother of six lives in a four-bedroom flat on the outskirts of the Spanish capital that was bought jointly by Goldman and a Spanish …

  • Home Prices Decline for 5th Month in China @ The New York Times - 3 hours ago

    The monthly falls left average home prices in 70 major cities down 1.3 percent in September from a year earlier, wiping out gains for the past year.

  • Survey: German consumer confidence stabilizes Associated Press - 3 hours ago

    BERLIN (AP) — A survey finds that a downward trend in German consumer confidence has come to an end, despite cooler growth prospects for Europe's biggest economy.

  • S&P 500 mini futures fell as much as 0.7 percent, slipping from two-week highs hit the previous day on budding optimism from corporate earnings and the global economy. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1 percent, though Japan's Nikkei share average bucked the trend rising 1.0 …

  • Europe needs to be more pro-active in helping Ukraine in its struggle against Russia, billionaire investor George Soros told CNBC on Thursday.

  • * Risk sentiment hit by first Ebola case in NY S&P 500 mini futures fell as much as 0.7 percent, slipping from two-week highs hit the previous day on budding optimism from corporate earnings and the global economy. In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1 percent, though Japan's …

  • File photo of shoppers resting with their purchases in downtown Hanover

    Market research group GfK said on Friday that its forward-looking consumer sentiment indicator, based on a survey of around 2,000 Germans, rose to 8.5 going into November from a revised 8.4 in October. Private consumption can therefore continue to play its assigned role as a key pillar of the German economy," said GfK …

  • Parsing this week's earnings reports from some of the biggest European consumer-goods companies makes for grim reading. The combined lesson from Unilever, British American Tobacco and Heineken is that it will take more than a handful of bond purchases from the European Central Bank to revive the animal spirits required …

  • * Sept home prices fell for 1st time y/y in nearly two years * New home prices fell m/m in record 69 cities BEIJING/HONG KONG, Oct 24 (Reuters) - Chinese home prices fell for a fifth straight month in September, wiping out gains scored in the past year and raising expectations the government will have to implement more …

  • BASF SE, the world’s biggest chemical maker, cut 2015 profit targets by more than an expected adjustment for an asset swap, signalling weaker demand for basic and specialty chemicals. Chief Executive Officer Kurt Bock has pushed a savings program including factory closures and job cuts as Germany, Europe’s largest economy, …

  • [$$] France, Italy Take Austerity Fight to Brussels @ The Wall Street Journal - 5 hours ago

    European Union leaders staked out opposing positions on austerity ahead of a summit here, where France and Italy will attempt to fend off pressure from the bloc’s budget hawks to cut their deficits faster....

  • A bipartisan pair of senators is putting together a proposal to significantly increase federal funding for biomedical research, an issue that has taken on greater urgency in light of the Ebola outbreak....

  • The Philippine central bank sees room to extend a pause in interest-rate increases for the rest of this year if inflation remains manageable, Governor Amando Tetangco said. “The market could probably see us stay this course and just continue to allow our previous actions to work” if inflation expectations remain “well-anchored” …

  • Where to Find India's Black Money @ Bloomberg - 7 hours ago

    Like all politicians, Narendra Modi promised more than he could deliver while campaigning to become India’s prime minister. Earlier this week, a furor erupted after Modi acknowledged a setback in efforts to recover the billions in illicit, untaxed “black money” stashed abroad in foreign bank accounts. After lambasting …

  • Chrysler And The 1979 Bailout @ Investopedia - 7 hours ago

    This American icon almost went under, but the U.S. government refused to let it fail.

  • Britain slams EU budget demand Reuters - 8 hours ago

    British Prime Minister David Cameron has challenged a demand from the European Union for an additional 2.1-billion-euro payment into the EU budget in the coming weeks following a revision of economic statistics. A British spokesman at an EU summit in Brussels on Friday said Cameron discussed the issue, triggered by a revision …

  • Whoever wins Brazil's presidential runoff election this Sunday won't have much good news to deliver on the outlook for the world's second-largest emerging market. Brazil is in recession, and annual inflation is above the ceiling of its target range. A widening budget deficit threatens the country's investment-grade status, …

  • Italy’s Matteo Renzi, a vocal critic of German-inspired austerity, blanked European Union calls to respect the spirit of back-room negotiations as he shifted his rhetoric up a gear in the bloc’s perennial argument over fiscal rules. After German Chancellor Angela Merkel trotted out her line that nations must stick to deficit …

  • [$$] Barroso Says EU Can Give Ukraine $1 Billion @ The Wall Street Journal - 9 hours ago

    European Commission President Barroso told the bloc’s leaders the EU’s executive body could give Ukraine a maximum $1 billion (EUR790 million) to help Kiev pay its bills.

  • The German Economic Miracle @ Investopedia - 9 hours ago

    After World War II, Germany was in ruins. Learn about the country's quick rise to the third strongest economy in the world.

  • Spain’s economy grew an estimated 0.5% and added 151,000 jobs in the third quarter, driven by a strong summer tourist season, lower borrowing costs and confidence that one of the eurozone’s strongest recoveries ...

  • Sub-Saharan countries have raised nearly $7 billion this year, more than in all of 2013, and yields on many bonds have fallen, even with the Ebola outbreak.

  • Stocks head into Friday on track for the best weekly performance in 22 months, yet new Ebola fears and other geopolitical headlines could be wild cards.

  • Some very big investors are betting on an upswing in two problematic parts of the world right now, Europe and Japan, their confidence bolstered by the brisk money-printing from central banks in both regions. Standard Life Investments, Goldman Sachs Asset Management, and Seven Investment Management are among those who believe …

  • Argentina sold $983 million worth of new two-year, dollar-linked bonds on Thursday, the Economy Ministry said on Thursday. The government defaulted on it global bonds in July after spurning a U.S.

  • Business Highlights Associated Press - 12 hours ago

    ___ Fuel costs ease, US airline profits soar Profits are soaring at the biggest U.S. airlines as fuel prices drop — but don't expect fares to fall too. Heading into the busy holiday-travel period, the ...

  • * Price distortions may persist, starving private issuers SHANGHAI, Oct 24 (Reuters) - China is asserting control over once-chaotic local government financing by banning the use of opaque funding vehicles, but filling the gap with a huge expansion of the fledgling municipal bond market will raise a whole new set of problems. …

  • The euro, long the beneficiary of central bank reserve buying, may be seeing that support ebb and possibly reverse. If so, and all else being equal, downward pressure on the euro may mount at a time when the European Central Bank, struggling to avoid a third recession since 2008, will find this quite useful. Global central …

  • Enticing low rates, but impact could be limited Associated Press - 13 hours ago

    With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some ...

  • A man walks past the London Stock Exchange in the City of London

    Global equity markets rose on Thursday, with stocks on Wall Street climbing more than 1 percent as U.S. corporate earnings continued to beat expectations, while government debt prices slid on stronger ...

  • A pedestrian uses his mobile phone as he walks past an electronic board showing the stock market indices of various countries outside a brokerage in Tokyo

    By Herbert Lash NEW YORK (Reuters) - Global equity markets rose on Thursday, with stocks on Wall Street climbing more than 1 percent as U.S. corporate earnings continued to beat expectations, while government ...

  • With the public ticked off by relentless inflation, the Russian central bank may be forced to raise interest rates even as oil prices drop and sanctions drag the economy through the mud.

  • Find out what the Japanese and U.S. bubbles can tell us about recovering from financial chaos.

  • Argentina's economic activity index slumped 1.2 percent in August compared with the same month a year earlier, official data showed on Thursday, underscoring a slowdown in Latin America's third-largest economy. The median forecast in a Reuters poll of seven economists had been for a fall of 0.5 percent in the monthly EMAE …

  • Find out how deflationary shocks can both benefit and hurt consumers and businesses.

  • Why Can't Economists Agree? @ Investopedia - 15 hours ago

    There are many reasons why economists can be given the same data and come up with entirely different conclusions.

  • Europe Faces Three Critical Tests @ The New York Times - 16 hours ago

    Three separate events next week will help determine whether Europe is headed for economic recovery or continued stagnation.

  • South Asia’s fastest growth rate will allow Sri Lankan President Mahinda Rajapaksa to boost spending on pre-election handouts without halting the country’s record improvement in public finances. The government, which last month cut petrol and diesel prices and slashed electricity tariffs by 25 percent, will probably also …

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