Economy News

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Impoverished Malawi sells presidential jet for $15 million LILONGWE (Reuters) - Malawi's luxury presidential jet, bought by late leader Bingu wa Mutharika, has been sold for $15 million to raise cash for the impoverished African country, a government official said on Wednesday. Mutharika, who left the economy on
Yahoo! News | 7 hours, 58 minutes ago | comment? | recommend

Bank of England remains divided on stimulus LONDON (AP) The Bank of England's policymakers remain divided on whether to provide more stimulus to the flat-lining economy, according to the minutes of their meeting in May.
Yahoo! News | 8 hours ago | comment? | recommend

Plunge in retail sales points to fragile economy By Olesya Dmitracova and Christina Fincher LONDON (Reuters) - British retail sales dropped at their sharpest pace in a year last month, a reminder of weakness in the country's economy after some recent signs of recovery. Sales of food plunged 4.1 per
Yahoo! News | 8 hours, 2 minutes ago | comment? | recommend

World stocks mixed ahead of Fed chief testimony BANGKOK (AP) World stock markets were mixed Wednesday, hours before Federal Reserve chairman Ben Bernanke is to deliver remarks before Congress on the state of the U.S. economy.
Yahoo! News | 8 hours, 6 minutes ago | comment? | recommend

BOJ Kuroda: Will respond to JGB moves with flexibility in market operations TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Wednesday that the central bank would closely monitor moves in the government bond market and respond with flexibility in its purchases of government debt and in its market operations. Kurod
Yahoo! News | 10 hours, 7 minutes ago | comment? | recommend

Nigeria $1 bln wealth fund to start investing in June By Camillus Eboh LAGOS (Reuters) - Nigeria will begin investing the initial $1 billion allocated to a new sovereign wealth fund by June, a statement from the fund showed, after it delayed the start date twice. Africa's biggest oil producer is one of only
Yahoo! News | 10 hours, 52 minutes ago | comment? | recommend

Kenya top grade tea prices inch higher at sale NAIROBI (Reuters) - The average price of Kenya's top grade Broken Pekoe Ones tea rose for the first time in four weeks, nudging higher to $3.27 per kg at auction from $3.26 at the previous sale, trader Africa Tea Brokers (ATB) said on Tuesday. The ea
Yahoo! News | 11 hours, 10 minutes ago | comment? | recommend

CA-BUSINESS Summary TSX glides near two-month high as major sectors rally TORONTO (Reuters) - Canada's main stock index jumped more than 1 percent to hit nearly a two-month high on Tuesday, fueled by gains in most major sectors and optimism following positive economic data f
Yahoo! News | 13 hours, 27 minutes ago | comment? | recommend

Japan exports disappoint, full benefits of weak yen yet to show By Tetsushi Kajimoto TOKYO (Reuters) - Japan's exports rose less than expected in April from a year earlier due to weak demand from Europe and China, highlighting the challenges confronting the world's third-biggest economy as policymakers try t
Yahoo! News | 16 hours, 46 minutes ago | comment? | recommend

Bank of Canada's Carney says Europe needs big reforms By Leila Lemghalef MONTREAL (Reuters) - Europe could face a decade of stagnation unless it makes big reforms and it should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to bolster
Yahoo! News | 16 hours, 48 minutes ago | comment? | recommend

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