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Economy, Government & Policy

  • Visitors look at a stock quotation board at the Tokyo Stock Exchange in Tokyo

    Asian shares ticked higher on Friday as investors cheered upbeat U.S. The BOJ is widely expected to maintain its massive asset buying programme and its upbeat forecast that inflation will hit its 2 percent target next year, suggesting no further stimulus is on the horizon.

  • 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

    The BOJ is widely expected to maintain its massive asset buying program and its upbeat forecast that inflation will hit its 2 percent target next year, suggesting no further stimulus is on the horizon.

  • Japan's inflation slips as jobless rate edges up Associated Press - 1 hour 28 minutes ago
    FILE - In this Sept. 8, 2014 file photo, people cross a street in Tokyo. Japan’s economic recovery remained in the doldrums in September, as inflation edged lower and unemployment ticked up. The data were released Friday, Oct. 31, 2014 as the Bank of Japan held a monetary policy meeting. The central bank faces pressure to increase stimulus to support growth as Prime Minister Shinzo Abe weighs approval of a sales tax hike next year. (AP Photo/Koji Sasahara, File)

    TOKYO (AP) — Japan's economic recovery remained in the doldrums in September, as household spending fell, inflation edged lower and unemployment ticked up.

  • California employers aren't hiring as quickly as they could — but the economy isn't the damper.

  • The World Bank said it plans to cut 500 jobs over the next three years as part of a broad restructuring meant to make it more efficient but that has rattled employees. The long-expected layoffs, along with budget cuts and internal reorganization, have sparked regular staff protests and fears of a broader revolt at a time …

  • An Introduction To The PIIGS @ Investopedia - 4 hours ago

    Learn which countries are included in the PIIGS and why they are grouped together.

  • [$$] How Plunging Oil Scrambles Geopolitics @ The Wall Street Journal - 4 hours ago

    The global oil price has dropped by 25% since June, with oil traded in the U.S. hitting $79.80 a barrel this week, the lowest it has been in four years. Many Western policy makers are pleased, hoping that ...

  • Russia and Ukraine reach gas deal @ Financial Times - 4 hours ago

    Russia has secured an 11th-hour deal to resume gas exports to Ukraine, allaying concerns that Europe would face an energy crisis this winter. Moscow severed gas exports to Kiev in June amid a payment dispute ...

  • Branches of companies operating in Angola, Africa ’s second-largest crude oil producer, face a new tax on profits sent home to headquarters. The new levy, approved in an Oct. 20 decree by President Jose Eduardo dos Santos, will charge 10 percent when it comes into effect Nov. 19, according to the government gazette. Angola …

  • Societe Generale SA’s Michael Haigh says the chances are increasing that gold will drop to $1,000 an ounce as the cost of oil tumbles. “The oil-price shock is adding more ammunition to the downward pressure on gold,” Haigh, who correctly forecast gold’s 2013 rout, said yesterday in an interview in New York. A stronger …

  • The Bank of Japan (BoJ) is set deliver its closely-watched biannual economic Outlook Report at Friday's monetary policy meeting, which may offer clues about the central bank's next move.

  • Strengthening US growth reflects help from Fed Associated Press - 6 hours ago
    Dave McIntyre, a component installer, works on outfitting an entire deck to a Carver C37 yacht at Marquis Yachts in Pulaski, Wis., on Friday, Oct. 24, 2014. Marine manufacturing is a $6 billion industry that's critical to the economic landscape of Wisconsin, according to experts. About 3,200 people, with two-thirds located in the northeastern part of the state, hold jobs in marine manufacturing.(AP Photo/The Green Bay Press-Gazette, Evan Siegle) NO SALES

    WASHINGTON (AP) — The U.S. economy grew at a solid annual rate of 3.5 percent in the July-September quarter, propelled by solid gains in business investment, export sales and the biggest jump in military spending in five years.

  • Business Highlights Associated Press - 6 hours ago

    ___ Apple CEO publicly acknowledges that he's gay Apple CEO Tim Cook's declaration that he's "proud to be gay," makes him the highest-profile business executive in the nation to publicly acknowledge ...

  • Russia ’s central bank will probably increase its benchmark interest rate for the fourth time this year, bringing it to the highest level since it was introduced 13 months ago, to halt a currency run that’s stoking inflation. The Bank of Russia will raise its key rate to 8.5 percent from 8 percent, according to 22 of 31 …

  • While the BLS and the Census bureau are good at detecting problems with part-timers, they are uninformed about anyone working more than 35 hours a week

  • Mexico ’s Congress passed the revenue side of next year’s budget after lowering its forecast for the price of oil to account for volatility in global crude prices. The lower house today passed changes approved last night in the Senate, sending the bill to President Enrique Pena Nieto for enactment. The Senate Finance …

  • Canadian Prime Minister Stephen Harper said on Thursday that the government remains on track to balance the budget next year. "We are keeping our commitment to Canadian families, and more, we are doing this while remaining on track as we promised to balance our budget in 2015," Harper said, while announcing new tax cu …

  • Stocks jump, Dow adds over 200 points @ USA TODAY - 8 hours ago

    Stocks climbed Thursday as investors weighed the offsetting impact of less stimulus from the Federal Reserve with fresh signs the economy is growing stronger.

  • U.S. economic growth in April through September was strongest since 2003.

  • * Talks to unblock Russia gas supply to Kiev resume * Moscow wants EU-Ukraine finance deal signed to pay for gas * Behind financial wrangling, geopolitics plays a role (Adds Novak, Prodan comments, paragraphs 4-5) BRUSSELS/KIEV, Oct 30 (Reuters) - Russia, Ukraine and the European Union are likely to conclude an accord …

  • Colombia's central bank held its benchmark interest rate steady on Thursday, meeting market expectations, as benign inflation allows policymakers to maintain their economic stimulus while global conditions remain uncertain.

  • Germany's Minister of Finance Wolfgang Schauble speaks during a discussion during the World Bank/IMF annual meetings in Washington

    The German government on Thursday denied a Greek media report that the two countries' finance ministers had reached an agreement on further support for Greece after it exits its bailout programme. Finance Minister Wolfgang Schaeuble and his Greek counterpart Gikas Hardouvelis held a bilateral meeting on Wednesday on the …

  • Having squeaked to victory, she needs to move the economy forward

  • Democratic areas win more transportation grants

    Just two months before next week's midterm elections, the Obama administration in September awarded the biggest share of almost $600 million in economic stimulus-based transportation grants to projects ...

  • Peru's government has authorized the issuance of up to 3.27 billion soles ($1.12 billion) in new domestic and global bonds, marking its first foray into foreign markets in two years. The new bonds may be denominated in dollars or soles and will finance next year's budget, according to an executive decree published in the …

  • Indonesian President Joko Widodo’s government is walking a tightrope as a new minimum wage is negotiated for Jakarta, seeking to balance a pro-business pledge against promises to help the nation’s poor. Workers in the capital, where Widodo was the governor until he won the presidential election this year, are calling for …

  • New Respect Is Bestowed on Fiscal Policy @ The New York Times - 9 hours ago

    Countries that took emergency measures to reduce public borrowing have mostly suffered weaker growth.

  • Ukraine's Last Chance @ Bloomberg - 10 hours ago

    Now that Ukraine's electoral battles are over and the conflict in the country's eastern regions is frozen, one of three scenarios could unfold: Quick and painful economic and regulatory surgery, a slide into Russia's suffocating embrace, or chaos, as gangs of former volunteer fighters from the eastern war go on the rampage. …

  • Russia’s record $51 billion spending on the Sochi Olympics and the expenses needed to bid for the games is scaring away potential hosts, according to one of the International Olympic Committee ’s main sponsors. The price of the Sochi games has deterred cities even though much of the money went toward projects not directly …

  • ConocoPhillips plans a capital budget below $16 billion next year and will defer spending on some of its less-developed areas, including the Permian Basin and Western Canada, if crude oil prices continue to slide, the company said on Thursday. "Beginning in 2015 capital in our major projects begins to taper off," Ryan Lance, …

  • * Fed ends bond-buying, shows confidence in U.S. * Italy sells up to 7.25 billion euros of bonds (Updates prices, adds German inflation numbers) LONDON, Oct 30 (Reuters) - German government bond yields fell on Thursday as deflation worries in the euro zone trumped the Federal Reserve's confident tone on the U.S. German …

  • DXJ tracks the performance of the WisdomTree Japan Hedged Equity Index. The Index and the fund are designed to provide exposure to equity securities in Japan.

  • Given all of the noise in the fixed income market over the last week, however, you may be wondering what my interpretation of this latest report means for your bond portfolio.

  • Mohamed El-Erian: 'QE trade is evolving'

    The Fed's monetary policy move signals a shift in strategy for investors, Allianz Chief Economic Adviser Mohamed El-Erian says.

  • China Is Very, Very, Very, Very Big @ Bloomberg - 11 hours ago

    According to many pundits, this means that, like the Soviet Union and Japan before it, China doesn't threaten to supplant the U.S. Leading foreign policy journals have devoted copious ink to exploring what China’s rise will mean for global economics and politics, often taking as a given that China will be the dominant …

  • A government proposal to raise mineral royalties from 6% to 20% will make Barrick Gold’s Lumwana mine, which accounts for more than half the company’s global copper production, uneconomic, the company ...

  • Americans’ savings may burn a hole in their pockets during the holiday-shopping season after consumer spending took a breather in the third quarter. Emboldened by gasoline prices at their lowest in almost four years and a job market closing in on its best performance since 1999, consumers have the wherewithal to loosen …

  • A picture illustration taken with the multiple exposure function of the camera shows a one Euro coin and a map of Europe

    Weak price pressure in Germany and Spain compounded the European Central Bank's policy headache on Thursday but it is still expected to hold off action next week, waiting to assess the impact of its new round of stimulus. Brighter euro zone economic sentiment and expectations for a rise in corporate loan demand in the …

  • [$$] Vodafone Urges Hungary Not to Tax Internet @ The Wall Street Journal - 11 hours ago

    Hungary should withdraw its plan to tax Internet traffic from Jan. 1 because the proposed levy would reduce the country’s competitiveness, said head of the U.K. mobile company Vodafone Group PLC’s Hungarian ...

  • One surprising element of the GDP report for the third quarter was the boost from trade.

  • In this Thursday, Oct. 16, 2014 photo, Dorathy Vargas, foreground, uses a computer to search for a job at the office of CONNECT, a coalition of local organizations that provides employment services in Chelsea, Mass. The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week on Thursday, Oct. 30, 2014. (AP Photo/Michael Dwyer)

    WASHINGTON (AP) — The number of people seeking unemployment benefits rose slightly last week, but remained at historically low levels that signal a strengthening job market.

  • Annual inflation in Europe's largest economy, Germany, unexpectedly slowed in October while Spanish consumer prices fell, suggesting the risk of deflation in the wider euro zone has not yet abated. The European Central Bank targets inflation of just under 2 percent for the euro zone as a whole. The ECB considers anything …

  • As gas prices near $3, Main St. hopes for a lift

    As fuel prices continue to fall, heading into the holidays, businesses are wondering if energy cost savings will translate into more consumer spending.

  • The price is not right for many oil rich nations. Oil is selling for roughly $83 a barrel on the global market. That's bad news for Iran, Nigeria, Venezuela, Russia, and Saudi Arabia, among others. They ...

  • Poland may need additional monetary easing as economic growth loses momentum and inflation remains at historic lows, the International Monetary Fund said. While growth in the Polish economy will hover at “around” 3 percent this year and in 2015, the outlook “is clouded” because a slower expansion in the euro region and …

  • Chile's economic growth likely hit bottom in the third quarter and should pick up pace moderately and gradually during the final three months of 2014, central bank President Rodrigo Vergara said on Thursday. Economic growth in the world's top copper producer slumped to a nearly five-year low of 1.9 percent in the second …

  • A 16% surge in defense spending pushed the economy's third-quarter growth pace to 3.5%, beating forecasts. Factor out defense, and growth was solid but not unexpectedly so.

  • Stung by a debt downgrade and company firings, Costa Rica ’s new government is seeking to bolster its finances by targeting tax evasion in the $50 billion economy, Finance Minister Helio Fallas said. The government will send congress legislation in January making it harder for companies to avoid a 30 percent income tax …

  • "Maybe markets were looking through the headline as they should," said Benjamin Reitzes, senior economist and foreign exchange strategist at BMO Capital Markets. Domestic demand was not all that great in the U.S." At 9:23 a.m. (1323 GMT), the Canadian dollar was at C$1.1180 to the U.S. Reitzes said the currency was likely …

  • The Bloomberg Consumer Comfort Index eased to 37.2 in the period ended Oct. 26 from 37.7 a week earlier. “The Bloomberg Consumer Comfort (COMFCOMF) Index hit the hold button this week, pausing after a three-week boost in ratings of the national economy that brought it to the top of its recent range,” Gary Langer , president …

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