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Economy, Government & Policy

  • Stocks in Europe extend gains Tuesday after a key report shows inflation in the eurozone falling to a multiyear low.

  • Euro zone inflation slowed again in September as some food and energy prices fell, a first estimate showed, reinforcing expectations the ECB will ease policy further and sending the euro to a two-year low. Eurostat said on Tuesday that consumer prices in the 18 countries sharing the euro rose 0.3 percent year-on-year, …

  • A woman stops to look in the window of a shop in London

    Euro zone inflation slowed again in September as some food and energy prices fell, a first estimate showed, reinforcing expectations the ECB will ease policy further and sending the euro to a two-year low. Eurostat said on Tuesday that consumer prices in the 18 countries sharing the euro rose 0.3 percent year-on-year, …

  • Home prices continue to soften, despite pockets of strength in the labor market and an improving GDP.

  • * Euro falls against dollar after release (Updates with core inflation figure revised by Eurostat) BRUSSELS, Sept 30 (Reuters) - Euro zone inflation slowed again in September as some food and energy prices fell, a first estimate showed, reinforcing expectations the ECB will ease policy further and sending the euro to a …

  • * Spain, Italy gains ease as quarter ends * Weak euro zone inflation keeps spotlight on ECB (Updates prices into close) LONDON, Sept 30 (Reuters) - Investors' love affair with low-rated but high-yielding euro zone bonds is starting to wane, as political risks dent faith that the European Central Bank alone will be able …

  • SAO PAULO/RIO DE JANEIRO, Sept 30 (Reuters) - Moody's Investors Service could wait until 2016 to decide whether to cut Brazil's sovereign rating, a senior analyst at the firm said on Tuesday, adding that rampant budget spending remains the "weakest link" in the country's credit profile. Moody's, which earlier this month …

  • File photo of shopper walking down aisle in newly opened Walmart Neighborhood Market in Chicago

    "We're continuing to effectively struggle," said Mike Englund, chief economist at Action Economics in Boulder, Colorado. "Some of the optimism that we got in the updraft in consumer confidence in the third quarter was probably a bit overstated." The Conference Board, an industry group, said its index of consumer attitudes …

  • EU reveals details of Apple tax probe @ USA TODAY - 1 hour 19 minutes ago

    European antitrust officials are probing Apple's tax deals with Ireland.

  • From Athens to Madrid and Dublin to Rome, France can count on a sympathetic hearing in several European capitals in its campaign for leniency over the latest broken promise to bring its public finances into shape. France's Sept. 10 admission that it needs two more years to cut its borrowing back to EU limits has unleashed …

  • ECB under pressure as inflation falls again Associated Press - 1 hour 27 minutes ago
    French Economy and Industry Minister Emmanuel Macron, center, listens to the explanations of PSA Peugeot research director Gilles Le Borgne, left, as they watch the EB turbo pure tech engine during his visit to the PSA Peugeot Citroen headquarters in Paris, Tuesday Sept. 30, 2014. Watching at right is PSA Peugeot Citroen chairman Carlos Tavares.  (AP Photo/Remy de la Mauviniere)

    LONDON (AP) — Inflation across the 18 euro countries dipped further toward zero in September, piling pressure on the European Central Bank to pull the trigger on its biggest stimulus weapon — a large-scale program to create new money.

  • Brazil's larger-than-expected primary fiscal deficit in August will make it more difficult for the government to meet its budget savings goal for 2014, a central bank official said on Tuesday. Still, the ...

  • Brazil posted its fourth straight primary budget deficit in August, making it nearly impossible for President Dilma Rousseff's administration to achieve a key fiscal target this year as spending picks up before next month's elections. The public sector's overall budget deficit -- which incorporates the interest payment …

  • Link to Fitch Ratings' Report: GEO September 2014 www.fitchratings.com "> www.fitchratings.com /creditdesk/reports/report_frame.cfm?rpt_id=782628">http:// www.fitchratings.com "> ...

  • Evidence is mounting that austerity isn't working yet Germany and other European nations have doubled down on it, says Nobel laureate Joseph Stiglitz.

  • Consumers show more worry in September @ MarketWatch - 1 hour 57 minutes ago

    The disappointing jobs report for August took a toll on the psyche of Americans: the consumer confidence index fell sharply in September and posted its first decline in five months. The U.S. consumer confidence ...

  • Kevin Yearout has added about 80 jobs to his Albuquerque, New Mexico, contracting company since July of last year. "It has been a very slow climb back," said Yearout, 51, co-owner and chief executive officer of Yearout Mechanical Inc. "The economy went very south, very quickly." With his commercial construction business …

  • Euro zone shares rose on Tuesday as a batch of weak inflation data increased the chances the European Central Bank will introduce new stimulus measures to boost the region's flagging economy. But Germany's ...

  • Risk of third German recession pressures Europe CNNMoney.com - 2 hours 20 minutes ago

    Germany risks slipping into its third recession since the global financial crisis, piling pressure on Europe to do more to stimulate its stagnant economy. Tensions with Russia, slowing global growth and ...

  • People make their shopping at a supermarket in Lisbon

    The European Union's statistics office slightly revised upward its September core consumer price inflation estimate to 0.8 percent year-on-year from the 0.7 percent it announced earlier on Tuesday, down from 0.9 percent in August. The headline inflation estimate for September remains unchanged at 0.3 percent year-on-year, …

  • US data angst grows as payroll report looms @ CNBC - 2 hours 25 minutes ago

    Many strategists seem a bit nervous that economic data going forward will come in lower than expected. Thus far, those fears seem well-founded.

  • Chile slowdown deepens as output crashes Reuters - 2 hours 30 minutes ago

    An economic slowdown continues to grip world No. 1 copper producer Chile, government data showed on Tuesday, as manufacturing production posted its biggest monthly drop in two years and the jobless rate crept higher. "In August, there was reduced dynamism in the domestic economy, in particular in manufacturing production," …

  • Brazil posted a primary budget deficit of 14.460 billion reais ($5.89 billion) in August, a far wider gap than that had been expected by the market, central bank data showed on Tuesday. The primary budget, which represents the public sector's excess revenue over expenditures before debt payments, had been expected to show …

  • * Sisi hails Suez Canal expansion as flagship project CAIRO, Sept 30 (Reuters) - In his first 100 days in office, Egyptian President Abdel Fattah al-Sisi has made a fast start on economic reform: slashing costly fuel subsidies, raising taxes and devising infrastructure projects to secure long-term revenues and ease unemployment. …

  • Similarities between the euro region and Japan are intensifying, heaping pressure on Mario Draghi while offering good news for bond holders. Yes, it has that too, placing Europe in a similar situation to what was encountered by the world's third-largest economy after the bubble burst on its postwar Economic Miracle. With …

  • An employee counts Indian rupee notes at a cash counter inside a bank in Agartala

    NEW DELHI (Reuters) - India's fiscal deficit was 3.98 trillion rupees ($64.4 billion) during April-August, or about 74.9 percent of the full-year target, government data showed on Tuesday. The deficit ...

  • At the same time, there has been the growing view that the Bank of Canada will stay on the sidelines longer than the Fed as economic growth in Canada has been lackluster. "It's another question mark about the strength of the recovery here." The Canadian dollar was at C$1.1179 to the greenback, or 89.45 U.S.

  • Global imbalances in trade and investment flows have shrunk by more than a third since peaking eight years ago and are likely to stay lower in the future, diminishing their threat to the global economy, the International Monetary Fund said on Tuesday. Much of the reduction is due to lower demand from consumers in economies …

  • Advanced economies face "permanently weak demand" warned the International Monetary Fund on Tuesday, arguing that "the time may be right for an infrastructure push".

  • Brent crude oil traded steadily above $97 on Tuesday, but remained under pressure from oversupply worries. The commodity traded at $97.35 at 5:00 GMT helped by positive economic data from the world’s two ...

  • The euro was steady below $1.27 on Tuesday morning as investors kept an eye on the region’s economic data, hoping for any clues about the European Central Bank’s plans for Thursday’s meeting. The common ...

  • * Economy now estimated to have grown 5.7 pct in 2013 (Adds details about rebasing, analyst comment) NAIROBI, Sept 30 (Reuters) - Kenya's gross domestic product was estimated to be 25 percent bigger after the authorities changed the base calculation year to 2009 from 2001, sending the east African nation into the continent's …

  • Hong Kong unrest may shake world economy @ USA TODAY - 4 hours ago

    An escalation of the pro-democracy protests could ensnare China, a major U.S. trading partner.

  • Rousseff to tour Olympic venue with vote in days

    Brazil President Dilma Rousseff, in a close race for re-election, is touring the main venue for Rio de Janeiro's 2016 Olympic Games with voting just days away. Local organizing committee officials say ...

  • The Recession's Baby Bust The Atlantic - 4 hours ago

    A study published Monday in the Proceedings of the National Academy of Sciences by Princeton researchers Janet Currie and Hannes Schwandt quantifies just how many fewer babies were born because of the Great Recession. They found that, for a group of 1,000 women aged 20 to 24, each percentage-point increase in the national …

  • * Move heaps pressure on Gilead to cut Sovaldi's price PARIS, Sept 30 (Reuters) - France will tax drugmakers whose costly hepatitis C drugs threaten to throw off course its healthcare budget, the government has said, heaping pressure on pharmaceutical companies like Gilead Sciences to cut their prices. The Socialist government …

  • * Rules offer time to states that cut structural deficit * France has less scope because deficit above 3 pct limit The change shows how far the euro zone has travelled from trying to win back the confidence of investors at the peak of the sovereign debt crisis to winning back voters as radical parties rise amid record …

  • 10 Things You Need To Know Today Business Insider - 5 hours ago

    Hong Kong's protests could get uglier in the day ahead.

  • * Share markets mixed amid uncertainty over Hong Kong, quarter end * Euro falls after another dip in inflation data * HSBC manufacturing survey disappoints, but exports improve * Dollar adds to hefty gains for the month, pressures commodities By Marc Jones LONDON, Sept 30 (Reuters) - A new trough in euro zone inflation …

  • * Economy minister promotes Novo Banco to investors LONDON, Sept 30 (Reuters) - The financial collapse of Banco Espirito Santo, once Portugal's largest listed lender, has complicated efforts to attract foreign investors to the country, Economy Minister Antonio Pires de Lima said on Tuesday. In trying to convince investors …

  • Bets on more E.C.B. action push euro to two-year low, while weaker U.K. house prices reduce pressure for higher rates from Bank of England.

  • Ahead of the Bell: US consumer confidence Associated Press - 6 hours ago
    US consumer confidence slides in September

    The Conference Board releases its September index on U.S. consumer confidence. The report will be issued at 10 a.m. EDT Tuesday. STRONG CONFIDENCE: The expectation is that the index for last month will ...

  • Euro-area inflation slowed in September to the lowest level in five years, challenging European Central Bank officials gathering this week to decide whether more measures are needed to avert deflation. Consumer prices rose an annual 0.3 percent, the European Union's statistics office in Luxembourg said today. Unemployment …

  • A Steve Jobs deal comes back to haunt Apple.

  • With inflation dipping to 0.3 percent and unemployment remaining at 11.5 percent, the E.U. received more unwelcome news before the central bank meets.

  • Reckless Federal Shopping Spree Could Squander $50 Billion

    Today marks the end of the federal government’s fiscal year. It’s also the biggest one-day shopping spree of the year-- the day when federal agencies rush to spend the last of their money before October 1, before anything left over is returned to the Treasury. Since agencies cannot carry over unspent funds, the idea is …

  • U.K. Chancellor of the Exchequer George Osborne pledged to squeeze benefits for 10 million families in a gamble that his Conservative Party's toughening economic stance will win him credibility with voters. Osborne said yesterday the Tories will freeze welfare payments for people of working age for two years starting in …

  • French President Hollande, Finance Minister Sapin, and French Economy and Industry Minister Macron take part in the assizes for financing and investment at the Elysee Palace in Paris

    France's national debt rose to a record 95.1 percent of annualised economic output in the second quarter, data showed on Tuesday, underlining the country's struggle to rein in its public finances a day before the 2015 budget is presented. In the second quarter, the national debt topped two trillion euros for the first …

  • Why Have Policymakers Abandoned the Working Class?

    Wealthy households can, of course, absorb a shock much easier than poorer households. When thinking about the effects of an increase in the Fed’s target interest rate, for example, it’s important to consider the impacts across income groups. I was very pleased to hear monetary policymakers talk about the asymmetric risks …

  • The number of people out of work climbed a seasonally adjusted 12,000 to 2.92 million in September, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decline of 2,000, according to the median of 27 estimates in a Bloomberg News survey. The German economy, Europe's largest, contracted in the second …

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