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Economy News

RSS feedDisplaying articles 11 - 20 of most recent articles

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ECB dons new hat as eurozone banking supervisor The European Central Bank takes over as Europe's banking watchdog on Tuesday in a historic shake-up of the financial system aimed at preventing a repeat of the crisis that nearly led to the collapse of the euro. The ECB, in charge of monetary policy
Yahoo! News | 15 hours, 17 minutes ago | comment? | recommend
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US consumer spending down 0.2 percent in September WASHINGTON (AP) U.S. consumer cut spending in September for the first time in eight months, as incomes grew at the slowest pace this year. The figures underscore nagging economic soft spots that are expected to ease in the coming months.
Yahoo! News | 15 hours, 53 minutes ago | comment? | recommend
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C$ sheds nearly a cent on soft Canadian GDP By Solarina Ho TORONTO (Reuters) - The Canadian dollar shed nearly a cent against its U.S. counterpart on Friday and dropped to its weakest level in more than a week after data showed the country's economy unexpectedly shrank in August for the first
Yahoo! News | 15 hours, 57 minutes ago | comment? | recommend
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Canada GDP in August registers first fall since December OTTAWA (Reuters) - A drop in oil and gas output affected by maintenance, combined with a fall in manufacturing, helped push the Canadian economy in August to its first decline since December, Statistics Canada reported on Friday. The 0.1 percent fall in r
Yahoo! News | 17 hours, 16 minutes ago | comment? | recommend
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Growth, jobs top new European Commission agenda Boosting growth, cutting near-record jobless queues and making member states stick to tough budget rules are just some of the tasks the new European Commission must quickly get to grips with. The Commission, led by former Luxembourg prime minister Jean-Cl
Yahoo! News | 18 hours, 7 minutes ago | comment? | recommend
Japan's vast public pension fund says to double stock investment Japan's public pension fund -- the world's biggest -- said Friday it will double the amount of equities in its investment portfolio, as it seeks higher returns to cope with a rapidly ageing population. The unprecedented shift by the $1.26 trilli
Yahoo! News | 18 hours, 14 minutes ago | comment? | recommend
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Eurozone inflation up, unemployment steady Eurozone inflation edged up to 0.4 percent from multi-year lows while unemployment was little changed, official data showed Friday, providing only limited reassurance that a modest economic recovery remains on track. Analysts said the figures were far fro
Yahoo! News | 19 hours, 16 minutes ago | comment? | recommend
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Japan stocks soar 5 percent, yen falls on stimulus SEOUL, South Korea (AP) Japan's stock benchmark surged 5 percent to the highest level since late 2007 and the yen slid against the dollar Friday after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economy. Expectations Jap
Yahoo! News | 19 hours, 48 minutes ago | comment? | recommend
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German retail sales post biggest drop for 7 years: official data German shoppers cut back their spending sharply in September, official data showed on Friday, adding to concern over whether consumers will help bolster growth in Europe's top economy. Retail sales posted the biggest monthly drop in September for mor
Yahoo! News | 20 hours, 7 minutes ago | comment? | recommend
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Uganda's October inflation up as non-food prices rise KAMPALA (Reuters) - A rise in non-food prices lifted Uganda's headline inflation rate to 1.8 percent in the year to October from 1.4 percent in the year to September, the Uganda Bureau of Statistics said on Friday. The Ugandan central bank has foreca
Yahoo! News | 20 hours, 18 minutes ago | comment? | recommend