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Economy News

RSS feedDisplaying articles 11 - 20 of most recent articles

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South Africa's rand reverses gains, tracks weaker euro South Africa's rand weakened against the dollar in line with the euro on Thursday, relinquishing earlier gains which had been triggered by the government's plan to narrow the budget deficit. The budget however highlighted the challenge the gover
Yahoo! News | 14 hours ago | comment? | recommend
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GM to shut plant, cut jobs in Indonesia, where Japanese dominate By Norihiko Shirouzu BEIJING (Reuters) - General Motors will stop making GM-branded cars in Indonesia, a battleground for global automakers, closing an assembly plant, axing some 500 jobs and shifting its focus to sport utility vehicles (SUVs). The U.S. a
Yahoo! News | 14 hours, 9 minutes ago | comment? | recommend
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Bank of Canada to hold fire on interest rates next week: Reuters poll By Leah Schnurr and Anu Bararia OTTAWA/BENGALURU (Reuters) - The Bank of Canada will likely hold interest rates steady next week as it waits to see how last month's surprise cut is absorbed by the economy, though analysts expect the central bank to l
Yahoo! News | 14 hours, 22 minutes ago | comment? | recommend
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IMF says agrees 3-year deal with Ghana worth around $930 million ACCRA (Reuters) - The International Monetary Fund agreed a three-year concessional facility with Ghana worth around $930 million and is confident the deal can restore its fiscal stability, Africa Department division chief Joel Toujas-Bernate said on Thurs
Yahoo! News | 14 hours, 28 minutes ago | comment? | recommend
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European stocks mostly higher European stock markets mostly rose Thursday, with the British banking sector in focus after RBS posted fresh huge losses and Standard Chartered unveiled a boardroom shake-up. Frankfurt's DAX 30 index gained 0.39 percent to stand at 11,253.45 points i
Yahoo! News | 15 hours, 9 minutes ago | comment? | recommend
Stocks open mostly lower, pulling Dow below latest record The stock market is opening mostly lower after a ho-hum batch of reports on the U.S. economy.
Yahoo! News | 15 hours, 17 minutes ago | comment? | recommend
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Canada non-farm payrolls up 21,800 in December Canadian non-farm payroll employment rose by 21,800 jobs in December, offsetting a decline in the previous month, led by gains in employment in healthcare and social assistance, Statistics Canada said on Thursday. The report was in contrast to the more cl
Yahoo! News | 16 hours, 12 minutes ago | comment? | recommend
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TD Bank posts firmer profit in line with expectations By Jeffrey Hodgson TORONTO (Reuters) - Toronto-Dominion Bank , Canada's second-largest lender, reported a slightly higher profit on Thursday in line with expectations, as gains at its retail division offset weakness in wholesale banking. TD Bank'
Yahoo! News | 16 hours, 31 minutes ago | comment? | recommend
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Tunisia keeps rates on hold, currency reserves rise in February Tunisia's central bank kept its benchmark interest rate on hold at 4.75 percent on Thursday but said that, despite progress in the political process, economic indicators were still "negative" in major sectors such as industry and tourism. F
Yahoo! News | 16 hours, 39 minutes ago | comment? | recommend
Burundi inflation slows to 3.5 pct y/y in January Burundi's inflation eased to 3.5 percent year-on-year from 3.8 percent in December, helped by a fall in costs for furnishings and household equipment, official data showed on Thursday. Price inflation for furnishings and household articles fell to 9.9 per
Yahoo! News | 17 hours, 17 minutes ago | comment? | recommend