EU chief Ursula von der Leyen visits flood-stricken region in Europe and pledges billions of euros in swift aid
WARSAW (AP) — EU chief Ursula von der Leyen visits flood-stricken region in Europe and pledges billions of euros in swift aid.
WARSAW (AP) — EU chief Ursula von der Leyen visits flood-stricken region in Europe and pledges billions of euros in swift aid.
"Ukraine could win the war if it had an additional $50 billion per year, as well as a green light to bomb military targets inside Russia."
After four miserable years, stock market in Hong Kong and mainland China are finally soaring, but whether benefits from the economic stimulus measures announced in September spread beyond stock investors and into the real economy have yet to be seen.
British finance minister Rachel Reeves needs to strike a positive tone at her first budget on Oct. 30 in order to give businesses the confidence to invest, the Confederation of British Industry said on Tuesday. After winning a large parliament majority on July 4, Reeves and Prime Minister Keir Starmer said the former Conservative government had left a dire economic legacy, including a 22-billion-pound ($29 billion) hole in the public finances, which they said were in the worst state since World War Two. Reeves has said taxes are likely to have to go up by more than Labour had planned before the election.
TOKYO (Reuters) -Japan's top currency diplomat on Monday issued a warning against speculative moves on the foreign exchange market as the yen fell below 149 per dollar. "We will monitor currency market moves including speculative trading with a sense of urgency," Atsushi Mimura told reporters, reviving a verbal warning tactic that his predecessor, Masato Kanda, frequently used. Separately, Katsunobu Kato, the nation's newly appointed finance minister, said the government would monitor how rapid currency moves could potentially impact the economy and would take action if necessary.
Top Chinese economic policymakers are expected to flesh out a raft of growth-boosting policies on Tuesday, after the announcement of long-awaited stimulus measures last month sparked a blistering stock market rally.Hopes of that long-awaited "bazooka stimulus" have lit up stock markets, sending bourses in mainland China and Hong Kong surging more than 20 percent.
"The general direction of U.S. employment signals an economy very far from 'recession,'" wrote UBS chief economist Paul Donovan.
U.S. job gains increased by the most in six months in September and the unemployment rate fell to 4.1%, the Labor Department reported on Friday. The September employment report has "reset the labor market narrative" and calmed fears about the labor demand "weakening too quickly to prevent the unemployment rate from trending higher," Goldman Sachs chief U.S. economist Jan Hatzius said in a note on Sunday.
Both Vice President Kamala Harris and former President Donald Trump are rolling out an ever-growing list of promises to voters – from making housing and health care more affordable to supporting manufacturers to providing tax relief to millions of Americans.
The US job market is still piping hot. That’s raising questions about how fast inflation will continue to cool.
(Reuters) -German industrial orders fell significantly more than expected in August, adding to signs that manufacturing in Europe's largest economy will not recover in the coming months. Orders fell by 5.8% on the previous month on a seasonally and calendar adjusted basis, the federal statistics office said Monday. "Today's data confirm that demand for German industrial goods has continued to weaken," Commerzbank's senior economist Ralph Solveen said.
The latest American presidential election cycle is about to reach its climax -- in just a few weeks, voters will decide whether Vice President Kamala Harris or former president Donald Trump is the best person to lead the ship of state into the next chapter of American history. A crucial deciding factor in this (or any other) election? The economy.
Steep inflation has haunted Americans as our number one bogeyman over the last two and a half years.
The report models the effects of policies central to Trump's economic platform. It suggests Canadian real GDP could be 1.7% lower by 2028 relative to a scenario where Harris wins.
U.S. stocks slid Monday after Treasury yields hit their highest levels since the summer and oil prices continued to climb. It’s a stall for U.S. stocks after they rallied to records on relief that interest rates are finally heading back down, now that the Federal Reserve has widened its focus to include keeping the economy humming instead of just fighting high inflation. Friday’s blowout report on U.S. jobs growth raised optimism about the economy and hopes that the Fed can pull off a perfect landing for it.
FRANKFURT (Reuters) -Germany's economy ministry plans to downgrade its 2024 economic growth forecast, expecting Europe's largest economy to shrink by 0.2%, newspaper Sueddeutsche Zeitung reported on Sunday. The forecast for an inflation-adjusted contraction, which the ministry is due to publish on Wednesday, follows a previous government projection of 0.3% growth this year after a 0.3% contraction in 2023. Last month Germany's leading economic institutes downgraded their forecast for 2024 to a contraction of 0.1%.
One labor market indicator that’s been drawing more attention lately is the hiring rate.
Though Trump often touts his economic experience as a successful businessman, economists worry his plans for a second term would be harmful, Ariana Baio reports
A look at the US economy from a few different perspectives.
Halifax says rising pay and falling interest rates help make mortgages more affordable for some homebuyers
A gauge of global stocks declined on Monday and U.S. Treasury yields climbed, with the benchmark 10-year note topping 4%, as investors readjusted their views for the path of interest rates from the Federal Reserve. The U.S. 10-year note climbed to 4.033%, its highest level since Aug. 1 and first time above 4% since Aug. 8 after Friday's stronger-than-expected U.S. payrolls report fueled expectations the Fed will dial back its aggressiveness in cutting interest rates. Expectations for a Fed rate cut of 25 basis points (bps) at the central bank's November meeting stand at 84.6%, with the market pricing in a 15.4% chance it will hold rates steady, according to CME's FedWatch Tool.