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Economy, Government & Policy

  • Rebound in Exports Signals Hope in Japan @ The New York Times - 36 minutes ago

    The 3.9 percent rise in July, the first increase in three months, was driven by demand for cars and machinery.

  • Her husband, who labours on a construction site in Moscow's Schelkovo suburb, usually sends 15,000 roubles home to Tajikistan every month. He had wanted his younger brother to join him in Moscow...but recently he called and said: 'The master says he won't take any new workers and there will be lay-offs'", said Islomova, …

  • * Poll shows many willing to rejoin workforce if conditions right * Labor markets to be major focus of Fed annual retreat WASHINGTON, Aug 20 (Reuters) - Mike Yack has left the workforce twice in the last eight years and calls himself retired, yet at age 62 the former General Motors employee does not consider his working …

  • Stiglitz Says Stalling Euro Area Shows Dismal Failure @ Bloomberg - 1 hour 32 minutes ago

    Euro-area austerity policies to tackle the region’s debt crisis have been a “dismal failure” as economic growth grinds to a halt, Nobel laureate Joseph Stiglitz said. The Columbia University professor, speaking on the sidelines of a conference in the southern German city of Lindau, said that high unemployment (UMRTEMU) …

  • Pedestrians walk past the Bank of England in the City of London

    Bank of England policymakers have broken ranks over interest rates for the first time in three years, with two of them unexpectedly voting to tighten policy, in a move that revives speculation about a 2014 rate hike. Martin Weale and Ian McCafferty - external members of the BoE's nine-member Monetary Policy Committee - …

  • States with the Most (and Fewest) Big Spenders @ 24/7 Wall St. - 2 hours 3 minutes ago

    Consumer spending habits reflect the financial health of the nation’s households, yet vary widely across the United States. In 2012, Americans spent $35,498 per capita, a 3.3% increase from the year before ...

  • Russia’s ban on imports of western food could cost the European Union an annual 6.7 billion euros ($9 billion) in lost production, according to ING Groep NV. “The potential effects of the Russian embargo on imports of Western food go far beyond the effects,” of fruit and perishable vegetables, economists including Raoul …

  • A cargo is unloaded from a truck to load onto a freight vessel at the pier of a container terminal in Tokyo, Wednesday, Aug. 20, 2014. Japan's trade deficit rose in July from the month before to a wider than expected 964 billion yen ($9.4 billion), though exports were higher for the first time in three months, the government said Wednesday. (AP Photo/Eugene Hoshiko)

    TOKYO (AP) — Japan's trade deficit rose in July from the month before to a wider than expected 964 billion yen ($9.4 billion), though exports were higher for the first time in three months, the government said Wednesday.

  • Foreigners' net purchases of Japanese government bonds in July were the biggest in over two years, industry data released on Wednesday showed, against a backdrop of falling global yields and rising risk aversion. Data from the Japan Securities Dealers Association showed that foreign net purchases of JGBs, excluding treasury …

  • German two-year debt yields held close to 15-month lows below zero on Wednesday with record low money market rates and bets for further ECB easing underpinning demand before an auction of up to 5 billion euros of a similar-dated bond. Data last week showing the euro zone economy stagnating in the second quarter even before …

  • Small foam bull figures are seen in front of the German share price index DAX board at the stock exchange in Frankfurt

    If bad economic news continues to translate into good news for investors, any sharp acceleration of the world economy from here could well kill off the long-running equity bull market. While a mid-summer wobble in global markets was blamed variously on anything from peripheral European bank woes to regional political conflicts …

  • Fight Back Against Inflation @ Investopedia - 5 hours ago

    Inflation is often a consequence of economic recovery. Here's how you can protect your financial portfolio.

  • BOE dissent could hold clues to rate hike @ MarketWatch - 5 hours ago

    After years of a united front among policy makers on interest rates, Wednesday’s minutes could reveal that more-hawkish members are beginning to speak out about the long-term risks from keeping rates low...

  • Mexico's annual economic growth rate could rise to around 5 percent by around 2018 in the wake of a series of economic reforms spanning energy to telecoms, President Enrique Pena Nieto said on Wednesday. "We forecast ... that in the coming years, with the reforms, in 2015, 2016, 2017, 2018, the growth of our economy will …

  • The dollar touched an 11-month high against a basket of major currencies on Wednesday after positive U.S. housing data the previous day fed hopes that the world's biggest economy is strengthening. The ...

  • U.K. Currency Gets Pounded @ The Wall Street Journal - 7 hours ago

    The pound sank to a four-month low against the dollar as slower-than-expected inflation prompted investors to dial back their bets on an early interest rate rise by the Bank of England.

  • [$$] Euro-Zone PMI Likely Holds Few Surprises @ The Wall Street Journal - 7 hours ago

    Ahead of the Tape: Absent a big rise or fall, August's Markit Purchasing Managers' Index will still reflect Europe's lackluster growth.

  • [$$] Shared Prosperity Is a Moral Imperative @ The Wall Street Journal - 7 hours ago

    Since businesses can't easily raise prices, higher wages will have to be paid out of profits.

  • [$$] Reform Pace Suggests Beijing Thinks It Can Wait @ The Wall Street Journal - 7 hours ago

    China's World: One of Beijing's economic advisers thinks China's economy can roar along at 8% for another 20 years--far higher than the prevailing consensus. For now, it appears leaders share some of his ...

  • Japan's exports rose in July for the first time in three months in a tentative sign that overseas demand is starting to recover, which could raise hopes that exports can offset a slump in consumer spending. The export data will be a relief for the Bank of Japan, which has predicated its economic growth and inflation forecasts …

  • Policies designed to control domestic prices with a stronger currency put Brazil ’s economy at risk, Eduardo Giannetti, who is economic adviser to potential presidential candidate Marina Silva, said. “The currency intervention in Dilma’s government was to contain domestic prices,” he said yesterday at an event in Sao Paulo …

  • Policies to control inflation with a stronger real pose a threat to Brazil’s economy, Eduardo Giannetti, who is economic adviser to potential presidential candidate Marina Silva , said. “The currency intervention in Dilma’s government was to contain domestic prices,” he said today at an event in Sao Paulo about the administration …

  • I feel it's time to think that the euro will fall below $1.30," said Kyosuke Suzuki, director of forex at Societe Generale. The dollar also inched up against the yen, rising to three-week highs of 102.97 yen in early trade.

  • Tax credits aimed at persuading businesses to locate in California would be subject to detailed performance reviews to make sure they are boosting the state's economy under a bill passed on Tuesday by the Legislature. The bill, which will now go to Democratic Governor Jerry Brown, aims to measure the effectiveness of tax …

  • Japan exports rose 3.9 percent in July from the year ago period, data showed on Wednesday, compared with a Reuters forecast for a gain of 3.8 percent and after falling 2 percent in June.

  • Russians are backing Vladimir Putin as he confronts the U.S. While Putin’s ratings are still on the rise, analysts and researchers in Moscow say the deteriorating economic data highlight the risk of allowing politics to trump prosperity. “Pride and patriotism have awakened in Russians, as was the case in the USSR, and …

  • Business Highlights Associated Press - 13 hours ago

    ___ No photos: Parents opt to keep babies off Facebook Behold the cascade of baby photos, the flood of funny kid anecdotes and the steady stream of school milestones on Facebook. It all makes Sonia Rao, ...

  • Must-know: Portugal’s economy Market Realist - 15 hours ago

    The Portuguese economy finally managed to emerge from recession during 2Q13. It's now showing signs of revival. In 2013, the government budget deficit was lower-than-expected because tax revenues were ...

  • Manufacturing in Brazil costs 23% more than it does to manufacture the same goods in the United States, Boston Consulting Group study shows.

  • A pedestrian is reflected in an electronic board showing the various stock prices outside a brokerage in Tokyo

    By Michael Connor NEW YORK (Reuters) - Wall Street got a lift from the U.S. housing sector and extended a global stock markets rally on Tuesday as investors shifted focus from political crises to expectations ...

  • Treasury yields rose on Tuesday after unexpectedly strong housing data but only a modest increase in consumer inflation for July, pushing them up from last week's 14-month lows. "Inflation data is neither here nor there, but the housing data is a little bit more bearish for Treasuries. I think we'll be relatively rangebound," …

  • Argentina's unemployment rate rose to 7.5 percent in the second quarter from 7.1 percent in the first three months of this year, the government said on Tuesday. The jobless rate in the April-June period ...

  • David Rosenberg's still a bull-but he's frustrated

    Economist David Rosenberg is famous for turning from a bear to a bull. Now he's reconsidering.

  • When Will the Economy Feel Better? @ Kiplinger - 17 hours ago

    We're almost there. As the expansion continues to improve, more of its rewards will be seen and felt.

  • Your paycheck has been shrinking for 5 years @ MarketWatch - 18 hours ago

    Since the Great Recession ended five years ago, the amount of money Americans earn each hour after adjusting for inflation has actually fallen. And wage growth has been weak for longer than that.

  • The Canadian dollar may weaken to a five-year low as slow economic growth and rising U.S. “If the Federal Reserve raises rates, then money will go back into the U.S.,” Geoffrey Yu , a senior currency strategist at UBS in London, said in a telephone interview. With higher interest rates available in the U.S., the relative …

  • Behind the numbers is a disconcerting brew of unemployment statistics that shows the jobs market is far from full health.

  • After devouring European assets early this year, U.S. investors are now avoiding them like the plague. Some of the blame goes to Vladimir Putin. There's mounting concern that the sanctions slapped on Russia ...

  • Alabama goes against trend on unemployment Associated Press - 18 hours ago

    The U.S. Bureau of Labor Statistics says Alabama was the only state that had a higher unemployment rate in July than it did a year ago. July marked the second month that has happened. The bureau says Alabama's ...

  • [$$] Investors Raise Their Shields Against Russia @ The Wall Street Journal - 18 hours ago

    Investors are scrambling to reduce their exposure to the potential economic fallout from continuing fighting in Ukraine, unsettling already-fragile markets.

  • Stocks Rise as Rates Return to Fore @ The Wall Street Journal - 18 hours ago

    U.S. and European stocks staged broad rallies on Monday as investors' gaze turned from the conflict in Eastern Europe to the likelihood of continued low interest rates.

  • Germany's Bundesbank has warned that global tensions such as the crisis in Ukraine are weighing on the outlook for Europe's largest economy, putting assumptions about the strength of the country's growth ...

  • [$$] Thai Military Man Woos Investors in New Role @ The Wall Street Journal - 18 hours ago

    Air Chief Marshal Prajin Juntong, in his role as Thailand's economics czar, is working to lure foreign investment to bankroll the ruling military junta's ambitious spending plans.

  • Ireland's cost of borrowing hit a new record-low on Tuesday, as investors mulled whether bonds from peripheral euro zone countries were overpriced.

  • Prices gained after a report showed CPI rose at its slowest rate in five months during July, while housing starts jumped to an 8-month high.

  • More U.S. workers have college educations, but only one in five has had any on-the-job training in five years

  • Will the Calm in Global Markets Last? @ Bloomberg - 20 hours ago

    Justifying your pay is harder, too -- especially for hedge-fund types, whose 2-and-20 model makes sense when prices are surging up and down but not when equities, commodities, and foreign exchange and interest rates are all pretty flat. The continuation of remarkably loose monetary policy, combined with no sign anywhere …

  • Chile's economic recovery will be slower than previously expected, central bank chief Rodrigo Vergara said on Tuesday, adding that lower energy costs were needed to nuture growth. "We are projecting a slower economic recovery than we forecast a while ago, with a third quarter that will continue showing a significant degree …

  • European Austerity Is a Myth @ Bloomberg - 20 hours ago

    Just as France's and Italy's poor economic results prompt the leaders of the euro area's second and third biggest economies to step up their fight against fiscal austerity, it might be appropriate to ask whether they even know what that is. Government spending in the European Union, and in the euro zone in particular, …

  • * Overnight Eonia hits low, Bund yields dip back below 1 pct LONDON, Aug 19 (Reuters) - Euro zone money market rates fell to new lows on Tuesday and German Bund yields dropped below 1 percent as the region's weak recovery kept up pressure on the European Central Bank to maintain its ultra-loose monetary policy. With a …

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