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Economy News

RSS feedDisplaying articles 31 - 40 of most recent articles

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Senator Durbin cites problems with House Puerto Rico debt bill U.S. Senator Dick Durbin, the chamber's second-ranking Democrat, expressed deep reservations on Tuesday with a Puerto Rico debt relief bill being debated by a House of Representatives panel this week. Durbin said he was concerned that the bill that c
Yahoo! News | May 24, 2016 7:55 PM [GMT] | comment? | recommend
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Brazil president urges economy reforms, slams 'psychological aggression' Braslia (AFP) - Brazil's acting president Michel Temer on Tuesday called for reforms to haul Latin America's biggest economy back from crippling recession and slammed what he called "psychological aggression" against his government. Te
Yahoo! News | May 24, 2016 4:11 PM [GMT] | comment? | recommend
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Nigeria to adopt flexible FX regime, details to follow Nigeria's central bank is adopting a flexible foreign exchange rate regime, Governor Godwin Emefiele said on Tuesday, in a policy U-turn designed to boost exports and stave off a recession in Africa's biggest economy. "The MPC (Monetary Pol
Yahoo! News | May 24, 2016 3:19 PM [GMT] | comment? | recommend
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Saudi Arabia's rulers adapt message for social media age By Sylvia Westall and Angus McDowall DUBAI/RIYADH (Reuters) - The participation of tens of thousands of young Saudis in a social media debate over plans to reform the kingdom's oil-reliant economy last month marked a shift in how Riyadh's conser
Yahoo! News | May 24, 2016 3:12 PM [GMT] | comment? | recommend
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As disaster risks rise, 20 vulnerable nations get help to prepare By Megan Rowling ISTANBUL (Thomson Reuters Foundation) - A new scheme launched by U.N. agencies, the World Bank and countries most vulnerable to climate change on Tuesday is seeking funding of up to $130 million to help 20 at-risk nations prepare better f
Yahoo! News | May 24, 2016 2:30 PM [GMT] | comment? | recommend
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Japan, Canada share 'serious concerns' on South China Sea: PM Abe Japan and Canada share "serious concerns" over reclamation and militarization in the South China Sea, Japanese Prime Minister Shinzo Abe said on Tuesday, in an apparent reference to China's maritime activity. China and the United States hav
Yahoo! News | May 24, 2016 2:17 PM [GMT] | comment? | recommend
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C$ pares losses against greenback as oil rises Higher oil prices helped the Canadian dollar reduce its losses against its broadly firmer U.S. counterpart after the currency weakened to a seven-week low on Tuesday. The loonie has fallen 5 percent from its 10-month high of C$1.2461 on May 3, pressured b
Yahoo! News | May 24, 2016 1:59 PM [GMT] | comment? | recommend
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Nigeria FX reserves down 2.7 pct as markets eye rate decision Nigeria's forex reserves fell 2.7 percent to $26.56 billion by May 20 from a month earlier, central bank data showed, as analysts awaited a rate decision on Tuesday, which many believe could include a revamp of exchange rate policy. Analysts are expe
Yahoo! News | May 24, 2016 12:41 PM [GMT] | comment? | recommend
G7 statement: Finance ministers agreed to avoid competitive devaluation Finance leaders of the Group of Seven (G7) advanced economies reaffirmed existing exchange-rate pacts, including not targeting exchange rates and avoiding competitive currency devaluation, an official summary released on Tuesday showed. The G7 countries a
Yahoo! News | May 24, 2016 12:07 PM [GMT] | comment? | recommend
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Futures trade slightly higher (Reuters) - Canada's main stock index was set to open modestly higher on Tuesday, with June futures on the S&P TSX index up 0.12 percent at 7:40 a.m. ET. The market was closed for a holiday on Monday. Canada's main stock index rose on Friday
Yahoo! News | May 24, 2016 12:02 PM [GMT] | comment? | recommend