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Economy, Government & Policy

  • Venezuela proposes fingerprinting grocery shoppers Associated Press - 59 minutes ago
    FILE - In this Feb. 20, 2014 file photo, a woman walks downtown after buying bread in Caracas, Venezuela. Venezuelans may soon have to scan their fingers to buy bread at the supermarket. President Nicolas Maduro announced late Wednesday, Aug. 20, 2014 a new, mandatory grocery fingerprinting system to combat food shortages. In the spring, Venezuela tried a similar system in government-run supermarkets on a voluntary basis. (AP Photo/Rodrigo Abd, File)

    CARACAS, Venezuela (AP) — Venezuelans could soon have to scan their fingerprints to buy bread.

  • Tourism revenues—a key revenue component for all these countries—declined substantially because foreign tourists stayed away during the aftermath of the Great Recession. Key industries were also affected—notably ...

  • Fed hawks and doves start to sound more alike @ CNBC - 1 hour 27 minutes ago

    Fed hawks and doves have a lot more in common than they used to-an improving labor market.

  • [video] Opinion: Why Does Ferguson Keep Happening? @ MarketWatch - 1 hour 32 minutes ago

    Wonder Land Columnist Dan Henninger says black communities need access to better schools and economic opportunity. Photo credit: Getty Images.

  • An employee of the Tokyo Stock Exchange (TSE) places his hand next to the TSE logo at the bourse in Tokyo

    By Herbert Lash NEW YORK (Reuters) - Global equity markets moved higher on Thursday, with the S&P 500 closing at an all-time high, as U.S. and German data drove confidence on economic growth and helped ...

  • Traders work on the floor of the New York Stock Exchange

    Global equity markets moved higher on Thursday, with the S&P 500 closing at an all-time high, as U.S. Data on German private-sector growth reassured investors about the outlook for Europe's biggest economy following a soft patch, while U.S.

  • Russia may lose as much as 240 billion rubles ($6.7 billion) of oil revenue next year after the government chose a three-year tax plan favored by crude producers, according to two state officials. Deputy Prime Minister Arkady Dvorkovich picked the lower of two proposed oil output tax rates, leaving an additional 55 billion …

  • Treasuries drifted higher on Thursday, showing little reaction to stronger-than-expected economic data while investors held out for any developments from the annual central banker get-together in Jackson Hole, Wyoming. The highlight of the meeting, starting later Thursday and sponsored by the Kansas City Federal Reserve, …

  • [$$] Ferguson, USA @ The Wall Street Journal - 2 hours 56 minutes ago

    50 years after the Civil Rights Act of 1964, a Ferguson doesn't need to happen.

  • [$$] The Supply-Side Is About Growth, Not Redistribution @ The Wall Street Journal - 2 hours 56 minutes ago

    Alan Blinder misrepresents supply-side economics to argue for government redistribution.

  • Ukraine Warns About Economic Fallout of Crisis as Fighting Rages On @ The Wall Street Journal - 2 hours 56 minutes ago

    Prime Minister Arseniy Yatsenyuk issued his starkest warning yet that the conflict in eastern Ukraine is causing long-term damage to the country's economy and hamstringing much-needed overhauls.

  • [$$] North Carolina Reins in Tax Incentives for Movie Companies @ The Wall Street Journal - 2 hours 58 minutes ago

    North Carolina is eliminating one of the nation's most extensive programs aimed at luring Hollywood film companies.

  • A cut-throat pricing battle between Britain's big supermarkets has contributed to the first annual drop on record in the amount people spend in food stores, official data shows. Food retailers are making ...

  • Brazil's telecommunications regulator Anatel announced on Thursday the terms of a rights auction for fourth-generation (4G) data services, which should throw an over $3 billion lifeline to the government as it struggles to meet its year-end fiscal goal. The auction to run the 700 MHz spectrum is scheduled to take place …

  • Brazil extended tax breaks on computer and smartphone sales until the end of 2018, foregoing about 7.9 billion reais in tax revenues ($3.5 billion) next year, the Finance Ministry said on Thursday. The policy of keeping the so-called PIS/Cofins payroll tax at zero for computers, smartphones, tablets, modems and routers …

  • Gauge of US economy rises 0.9 percent in July Associated Press - 3 hours ago
    Gauge of US economy rises 0.9 percent in July

    A gauge designed to predict the economy's future health posted the sharpest advance in four months in July, indicating the economy is gaining traction headed into the last half of the year. The Conference ...

  • The Argentine government on Thursday ruled out a second sharp devaluation of the peso this year, rebuffing calls for a weaker currency from employers who say runaway inflation is hurting trade competitiveness. President Cristina Fernandez's government implemented a shock 20 percent devaluation of the peso in January.  …

  • Job creation in Brazil slowed in July to its weakest pace for the month since 1999, another sign Latin America's biggest economy might have slipped into recession during a tightly-contested presidential race. Brazil's economy created only 11,796 jobs in July, Labor Ministry data showed on Thursday, in line with market …

  • Brazil created the fewest jobs for the month of July since 1999 as manufacturing companies shed employees and offset hiring in farming and construction. Brazil’s government registered 11,796 new formal jobs in July, less than half the number of posts created the prior month, the Labor Ministry said in a report distributed …

  • Must-know: Ireland’s economy Market Realist - 5 hours ago

    The strength in Irish growth performance was confirmed in 1Q14 when the gross domestic product (or GDP) increased by 2.7% quarter-over-quarter. Although the growth was primarily driven by increasing net ...

  • Labourers work at a construction site of residential buildings in Hefei

    LONDON/BEIJING/NEW YORK (Reuters) - Business growth in China and across Europe slowed this month, surveys showed on Thursday, but U.S. "If you take all these things together we are clearly looking at a global economy that doesn't have a huge amount of momentum behind it," said economist Peter Dixon at Commerzbank. China's …

  • European stocks ended higher on Thursday, extending their sharp two-week rebound after better-than-expected German private sector growth figures which reassured investors about the outlook for Europe's biggest economy following a soft patch. The FTSEurofirst 300 index of top European shares ended 0.7 percent higher at …

  • * Business activity growth slows in China and Europe LONDON/BEIJING/NEW YORK, Aug 21 (Reuters) - Business growth in China and across Europe slowed this month, surveys showed on Thursday, but U.S. "If you take all these things together we are clearly looking at a global economy that doesn't have a huge amount of momentum …

  • Oil Subsidies Hold Back Indonesia @ Bloomberg - 6 hours ago

    Indonesia is undergoing what one local think tank calls its "John Adams Moment": the first peaceful transition from one democratically elected leader to another. Outgoing President Susilo Bambang Yudhoyono -- who will hand over to his successor, Jakarta governor Joko Widodo in October -- says he understands the historical …

  • Representative Paul Ryan expects his Republican Party to avoid a U.S. Ryan, a Wisconsin representative who chairs the House Budget Committee, told the Washington newspaper Roll Call on Wednesday that Republicans were considering authorizing government expenditures until Dec. 11.

  • Treasuries hewed to a tight range on Thursday, showing little reaction to stronger-than-expected economic data while investors held out for any developments from the annual central banker get-together in Jackson Hole, Wyoming. The highlight of the meeting, starting later Thursday and sponsored by the Kansas City Federal …

  • An index of household sentiment in the euro zone decreased to minus 10 from minus 8.4 in July, the European Commission in Brussels said in a preliminary report today. Worsening consumer confidence is adding to signs that the euro-area’s economic outlook is deteriorating as tensions in Ukraine rise, increasing the likelihood …

  • Traders were encouraged by earnings gains and a decline last week in the number of people applying for unemployment benefits.

  • Why Jackson Hole is key for dollar

    The dollar is strong and things could heat up even further for foreign exchange as global central bankers convene in Jackson Hole.

  • The U.S. dollar is trading at 11-month highs against several major currencies on Thursday as investors zero in on the two-day central bank symposium getting underway in Jackson Hole, Wyo., today. As the world’s most powerful financial players meet at the mountain resort to talk shop, market chatter suggests this year’s …

  • Corporations are not hoarding cash. Cash holdings are slightly up as a percent of sales and down as a percent of debt. Hiring and capital expenditures are healthy. Corporate cash hoarding is not holding back the recovery.

  • The euro lost even more ground on Thursday after the U.S. Federal Reserve suggested that it was planning to raise interest rates sooner than expected on Wednesday. The common currency traded at $1.3268 ...

  • Aug. 21 (Bloomberg) -- Fewer Americans than forecast applied for unemployment benefits last week, a sign the U.S. job market is making progress as the world’s largest economy grows. Scarlet Fu reports ...

  • Ukrainian Economy Minister Pavlo Sheremeta said on Thursday he had tendered his resignation, voicing frustration at the poor pace of economic reform by a government which he said acted "like a predator towards business". After months of fighting in its eastern regions following the toppling of a government blighted by …

  • Brazilian statistics agency IBGE will release unemployment data for May through August on Sept. 25 after a strike disrupted the country's main job market survey, it said on Thursday. Release of Brazil's ...

  • Fresh Data Reflect Anemic Growth in Eurozone @ The New York Times - 9 hours ago

    A survey from Markit Economics of purchasing managers showed that the bloc’s output barely edged up this month in both services and manufacturing.

  • * European shares, euro lifted by robust German data * Dollar, Treasury yields climb on risk of earlier Fed hike * Wall Street expected to open up 0.2 pct * China manufacturing index well under forecasts at 50.3 * US oil prices lowest since January amid plentiful supply By Marc Jones LONDON, Aug 21 (Reuters) - Some reassuring …

  • The euro recovered from a 11-month low against the dollar on Thursday after better-than-expected German private sector growth data, although gains were limited given the numbers did little to alter expectations of more monetary stimulus. Amongst the biggest movers in the European session was the Norwegian crown which hit …

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

    Good morning! Here's what you need to...

  • Manufacturing activity slowed in the euro area and China as rising political tensions threaten to weaken trade and damp the outlook for the global economy. A preliminary Purchasing Managers Index for the manufacturing industry in the euro area fell to 50.8 from 51.8 in July, London-based Markit Economics said today. In …

  • Manufacturing activity slowed in the euro area and China as rising political tensions threaten to weaken trade and damp the outlook for the global economy. A preliminary Purchasing Managers Index for the manufacturing industry in the euro area fell to 50.8 from 51.8 in July, London-based Markit Economics said today. In …

  • Italy will release its regular autumn budget in October rather than September to allow it to use the European Union's most up-to-date accounting methods. The European Union unveiled in January a new system of calculating national accounts aimed at adapting to technological and economic changes which have taken place since …

  • When investors are willing to lend money to Germany for two years for free, at a zero interest rate, you know the euro project is in trouble again. Germany yesterday sold 4.04 billion euros ($5.3 billion) of notes that pay no interest, repayable in September 2016. Investors, it seems, are willing to forego income for …

  • A worker is seen behind scaffoldings at a construction site near the Fernsehturm TV tower in Berlin

    Euro zone private business growth slowed more than expected in August, despite widespread price cutting, as manufacturing and service industry activity both dwindled, a survey showed on Thursday. Euro zone economic growth ground to a halt in the second quarter, dragged down by a shrinking economy in Germany and a stagnant …

  • NEW DELHI (Reuters) - Finance Secretary Arvind Mayaram said on Thursday he hoped diesel subsidy would be wiped out soon and prices would become market-determined if current global oil prices hold. India ...

  • Tuomo Kareoja, who's starting his eighth year of studies at Helsinki University, is pondering adding a fourth degree to his current majors in history, social psychology and statistics. He's hiding from the labor market, which suffered as Finland (FIGDPCH) grappled with two recessions over the past six years. Finland's …

  • Some reassuring data from Germany eased pressure on the struggling euro on Thursday after speculation of an earlier rate rise from the Federal Reserve had pushed the dollar to an 11-month high. Share markets had been feeling flat following a disappointing survey on Chinese manufacturing overnight but they too got a lift …

  • 30 Percent of ‘Retirees’ Would Return to Labor Force

    Conducted by Reuters-Ipsos, the survey  asked 7,727 adults about their employment status and their intentions with regard to future work. This is part of the puzzle that Federal Reserve Board Chair  Janet Yellen and her colleagues will be pondering later this week at their annual gathering in Jackson Hole, WY. The theme …

  • Europe Is Failing Business Insider - 12 hours ago

    New manufacturing reports out of the eurozone...

  • Business activity in the euro zone slipped in August, with growth in both the region's manufacturing and services sector slowing over the month.

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