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Economy News

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From duck eggs to fiscal deficit, the journey by Indonesia's economics minister By Randy Fabi and Eveline Danubrata JAKARTA (Reuters) - Born in poverty in a rebel stronghold, Indonesia's new chief economics minister once sold duck eggs on the street to pay his school fees. Sofyan Djalil later studied law in Indonesia and then we
Yahoo! News | Oct 29, 2014 08:23 AM [GMT] | comment? | recommend
China says Canada's Harper to visit before APEC summit BEIJING (Reuters) - Canadian Prime Minister Stephen Harper will visit China next week ahead of a multilateral summit, Chinese Foreign Minister Wang Yi said on Wednesday, as the two countries seek to mend ties strained by rows over cybersecurity and spying
Yahoo! News | Oct 29, 2014 08:07 AM [GMT] | comment? | recommend
Hong Kong exchange boss vows Shanghai stock link-up will proceed A delayed watershed scheme to allow cross-trading between Hong Kong and Shanghai's stock markets will go ahead, the president of the Hong Kong bourse has said, adding ongoing democracy protests have not derailed the project's progress. The Shang
Yahoo! News | Oct 29, 2014 07:59 AM [GMT] | comment? | recommend
Gentrification tears at Istanbul's historically diverse fabric By Ayla Jean Yackley ISTANBUL (Reuters) - Business is brisk at Ilya Avramoglu's 78-year-old shop, one of the last owned by a non-Muslim on Istanbul's historic Istiklal avenue, but a new regulation pushing gentrification may soon force its closure. Run by
Yahoo! News | Oct 29, 2014 07:07 AM [GMT] | comment? | recommend
Why U.S. green groups are talking about abortion this election By Andy Sullivan DENVER (Reuters) - Green billionaire Tom Steyer vowed to make the November congressional elections about climate change. Now he's talking about abortion and the economy to get his candidates across the finish line. Steyer, a hedge fund ma
Yahoo! News | Oct 29, 2014 05:14 AM [GMT] | comment? | recommend
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Japan factory output posts surprise jump but recovery unclear Japan's September factory production posted its biggest rise in eight months, official data showed Wednesday, but the news failed to dispel doubts about the strength of the wider economy following a recent string of weak figures. Industrial productio
Yahoo! News | Oct 29, 2014 03:16 AM [GMT] | comment? | recommend
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Spain says dubious lending led to losses of 2.6 bn euros Dubious lending by regional Spanish savings banks in the boom years before the collapse of a property bubble in 2008 generated huge losses of at least 2.6 billion euros, Economy Minister Luis de Guindos said Tuesday. Spain's bank restructuring fund F
Yahoo! News | Oct 28, 2014 6:27 PM [GMT] | comment? | recommend
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Rousseff's win in Brazil raises questions about EM reforms By Sujata Rao LONDON (Reuters) - Pledges of reform in emerging markets have encouraged investors this year, but Brazil's vote against any change at the top of its government is raising questions over whether the reforms will be delivered in hyped-up
Yahoo! News | Oct 28, 2014 5:58 PM [GMT] | comment? | recommend
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Tanzania to start major port construction in 2015 Tanzania will launch construction of a major Chinese-funded sea port in 2015 to boost the trading capacity of the east African nation, a presidential statement read. The planned Indian Ocean port at the small town of Bagamoyo is some 75 kilometres (45 mil
Yahoo! News | Oct 28, 2014 5:20 PM [GMT] | comment? | recommend
Monte Paschi says delaying state aid repayment is an option MILAN (Reuters) - Banca Monte dei Paschi di Siena could seek to put back repayment of hundreds of millions of euros in state aid to help shore up its balance sheet and could also consider a merger, the chairman of the troubled Italian lender said on Tuesd
Yahoo! News | Oct 28, 2014 4:53 PM [GMT] | comment? | recommend