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Economy News

RSS feedDisplaying articles 31 - 40 of most recent articles

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C$ edges higher as firm domestic data offsets lower oil prices The Canadian dollar edged higher against its U.S. counterpart on Thursday as stronger-than-expected domestic wholesale trade offset lower oil prices. The value of Canadian wholesale trade surged by 1.8 percent in May from April, led by the motor vehicle a
Yahoo! News | Jul 21, 2016 2:11 PM [GMT] | comment? | recommend
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South African Reserve Bank leaves repo rate unchanged, sees no economic growth South Africa's Reserve Bank kept its benchmark repo rate unchanged as expected on Thursday, saying that while it was still concerned about inflation, the weak economy had provided some room to delay further policy tightening. "The MPC (monetary
Yahoo! News | Jul 21, 2016 1:57 PM [GMT] | comment? | recommend
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ECB ready to aid eurozone economy if needed, says Draghi The European Central Bank is ready, willing and able to help put the eurozone economy back on its feet, if needed, but financial markets have held up so far to the shock of the Brexit referendum, president Mario Draghi said on Thursday. Already, the ECB h
Yahoo! News | Jul 21, 2016 1:44 PM [GMT] | comment? | recommend
ECB's Draghi says Turkey turmoil likely to impact euro zone confidence FRANKFURT (Reuters) - European Central Bank President Mario Draghi said on Thursday events in Turkey since the coup attempt may impact economic sentiment in the euro zone.
Yahoo! News | Jul 21, 2016 1:36 PM [GMT] | comment? | recommend
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China vows to use market forces to boost defense capabilities China said on Thursday it would leverage its economy to boost defense capabilities, acknowledging shortcomings with long-held aims to inject more market forces into the development of its military. President Xi Jinping has set great store on military mode
Yahoo! News | Jul 21, 2016 12:55 PM [GMT] | comment? | recommend
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Brexit dents global economic outlook, fiscal stimulus ahead: Reuters poll Confidence in prospects for the global economy has been dented following Britain's vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed. T
Yahoo! News | Jul 21, 2016 12:16 PM [GMT] | comment? | recommend
European Central Bank keeps interest rates at record low FRANKFURT, Germany (AP) The European Central Bank left its key interest rates unchanged at record lows on Thursday as it assesses the impact on the economy of Britain's vote to leave the European Union.
Yahoo! News | Jul 21, 2016 12:01 PM [GMT] | comment? | recommend
Turkish state of emergency aimed at averting a second coup: justice minister Turkey's state of emergency is aimed at averting a possible second military coup, Justice Minister Bekir Bozdag said on Thursday. Speaking in the Turkish parliament, Bozdag also said citizens would not feel any change in their lives during the state of em
Yahoo! News | Jul 21, 2016 11:57 AM [GMT] | comment? | recommend
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Samsung Electronics buys $450 million stake in Chinese electric car firm BYD Samsung Electronics is to pay 3 billion yuan ($450 million) for a stake in Chinese automaker and rechargeable batteries firm BYD Co Ltd , the Chinese company said in a stock exchange filing on Thursday. The Samsung investment has been made through Chinese
Yahoo! News | Jul 21, 2016 11:29 AM [GMT] | comment? | recommend
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Unilever profits boosted by grooming but sees gloomy outlook Unilever said the first half of the year was marked by "a period of high volatility and accelerating change". "Despite a challenging environment with slower global economic growth and intensifying geopolitical instability, we have again gro
Yahoo! News | Jul 21, 2016 10:28 AM [GMT] | comment? | recommend