Economy

  • UK and Gulf Arab states seeking free trade deal
    Uk_and_gulf_arab_states_seeking_free_trade_deal 2017-03-26 16:55:50 UTC
    By Tom Finn | LONDON/ DOHA — Gulf Arab states are pressing for an early deal on free trade with Britain to secure preferential arrangements after Brexit, and could have a draft agreement ready within months, Gulf officials say. Britain cann...
  • Uber suspends self-driving car program after Arizona crash
    Uber_suspends_self-driving_car_program_after_arizona_crash 2017-03-25 23:39:22 UTC
    By Gina Cherelus Uber Technologies Inc [UBER.UL] suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said. Th...
  • Congress Fails to Abolish Obamacare: The Story of Trump and the GOP's Tragic Loss
    Congress_fails_to_abolish_obamacare-_the_story_of_trump_and_the_gop's_tragic_loss 2017-03-24 23:26:57 UTC
    Washington — The 2010 Affordable Care Act - known as Obamacare - remains in place despite seven years of Republican promises to dismantle it. Repealing and replacing Obamacare was a top campaign promise by Trump in last year's presidential electio...
  • 'This is a disappointing day for us': House Speaker Ryan
    This_is_a_disappointing_day_for_us'-_house_speaker_ryan 2017-03-24 20:24:58 UTC
    Republican leadership aide says healthcare bill has been pulled By Dustin Volz and David Lawder | WASHINGTON — Republican leaders of the House of Representatives pulled legislation to overhaul the U.S. healthcare system from consideration o...
  • EU is trying to limit the negative effects of Brexit for Britain
    Wolfgang_schaeuble__germany's_finance_minister 2017-03-24 06:58:02 UTC
    German Finance Minister Wolfgang Schaeuble said on Friday that the European Union was trying to limit the negative effects of Brexit for Britain but stressed that countries wanting to get the benefits related to the bloc had to make commitments, t...
  • BREXIT: Merkel Doesn't Fear More Countries Could Leave EU
    Merkel_does_not_fear_more_countries_could_leave_eu_after_brexit_ 2017-03-24 01:42:31 UTC
    Berlin — Chancellor Angela Merkel does not fear that more countries will leave the European Union, she told a German newspaper as the bloc's leaders prepare to celebrate 60 years of union on Saturday days before Britain files for divorce. Prime...
  • Unexpected Increase Of Americans Filing For Unemployment Benefits
    Unexpected_increase_of_americans_filing_for_unemployment_benefits 2017-03-23 17:43:18 UTC
    By Lucia Mutikani | WASHINGTON — An unexpected increase in the number of Americans filing for unemployment benefits last week, data on Thursday showed. Still, the labor market continues to tighten, which together with the strength in housing, ...
  • Trump fighting a losing battle ahead of healthcare vote
    Trump-limits 2017-03-22 20:04:04 UTC
    By David Morgan and Susan Cornwell | WASHINGTON — U.S. President Donald Trump and Republican congressional leaders appeared on Wednesday to be losing the battle to get enough support in the House of Representatives to pass their Obamacare roll...
  • Lead poisoning across California
    Lead_poisoning_across_california__ 2017-03-22 14:03:07 UTC
    By Joshua Schneyer and M.B. Pell | NEW YORK — Dozens of California communities have experienced recent rates of childhood lead poisoning that surpass those of Flint, Michigan, with one Fresno locale showing rates nearly three times higher, blo...
  • Mexican companies should not participate in Trump's border wall
    Mexican_companies_should_not_participate_in_trump's_border_wall 2017-03-22 05:20:11 UTC
    By Anthony Esposito | MEXICO CITY — Mexico's government on Tuesday warned Mexican companies that it would not be in their best "interests" to participate in the construction of U.S. President Donald Trump's border wall, though there will be no...
  • US dollar struggles near a four-month low against the yen
    Us_dollar_struggles_near_a_four-month_low_against_the_yen 2017-03-22 03:58:12 UTC
    By Shinichi Saoshiro | TOKYO — The dollar struggled near a four-month low against the yen on Wednesday as a bout of investor risk aversion hit U.S. stocks and sent U.S. Treasury yields sharply lower, eroding the greenback's interest rate allur...
  • BREXIT: Goldman Sachs moving hundreds of London jobs to EU
    Brexit-_goldman_sachs_moving_hundreds_of_london_jobs_to_europe 2017-03-21 15:34:42 UTC
    By Anjuli Davies | LONDON Goldman Sachs will begin moving hundreds of people out of London before any Brexit deal is struck as part of its contingency plans for Britain leaving the European Union, the Wall Street firm's Europe CEO said. "We ar...
  • Germany is strongly in favor of free trade and open markets
    German_chancellor_angela_merkel 2017-03-19 21:24:59 UTC
    Chancellor Angela Merkel reiterated on Sunday that Germany was strongly in favor of free trade and open markets, at a time when the United States is becoming increasingly protectionist. "We do want open markets, fair trade, we certainly don't w...
  • G20 Drop 'Climate' and 'Free Trade' Pledge, Acquiescing To An Increasingly Protectionist United States
    Germany-_g20_drop_'climate'_and_'free_trade'_pledge 2017-03-18 21:45:12 UTC
    By Balazs Koranyi and Gernot Heller | BADEN BADEN, GERMANY — Financial leaders of the world's biggest economies dropped a pledge to keep global trade free and open, acquiescing to an increasingly protectionist United States after a two-day mee...
  • Trump's newest Executive Order: Global warming and climate change will not play a role in U.S. policy anymore
    Trump's_new_executive_order-_global_warming_and_climate_change_playing_no_role_in_u.s._policy_anymore 2017-03-14 23:15:10 UTC
    By David Shepardson | WASHINGTON — U.S. President Donald Trump's administration is preparing to release a wide-ranging executive order to reduce the role that climate change plays in policy decisions, according to a Trump administration offici...
  • Euronet Worldwide launched a $1 billion bid for rival MoneyGram
    Euronet_worldwide_launched_a__1_billion_bid_for_rival_moneygram 2017-03-14 22:19:19 UTC
    By Sruthi Shankar and Anna Irrera | U.S. electronic payments company Euronet Worldwide Inc (EEFT.O) launched a $1 billion bid for rival MoneyGram International Inc (MGI.O) on Tuesday, arguing that its all-American deal would face less regulat...
  • Millions more Americans uninsured under Republican plan
    Millions_more_americans_uninsured_under_republican_plan 2017-03-13 21:18:37 UTC
    By David Lawder | WASHINGTON — An eagerly awaited nonpartisan CBO report by the U.S. Congressional Budget Office found that millions more Americans would lose insurance under a Republican plan to dismantle Obamacare. It dealt a potential setba...
  • Euro marks strongest gain against dollar in one month
    Euro_jumps_to_three-_week_high_against_the_dollar 2017-03-13 01:51:24 UTC
    The euro edged up near a one-month high against the dollar in Asian trading on Monday, after some European Central Bank policymakers raised the possibility of hiking interest rates before bond purchases end. The euro was up 0.1 percent at $1.06...
  • Countdown: Brits facing an uncertain future without the EU
    Brits_are_facing_an_uncertain_future_without_the_eu 2017-03-12 22:43:33 UTC
    By William James | LONDON — Britain is drawing up contingency plans for the unlikely event it has to walk away from divorce talks with the European Union without a deal, Brexit minister David Davis said on Sunday. Prime Minister Theresa May...
  • Angela Merkel, Chancellor of the free world to meet Donald Trump
    Chancellor_of_the_free_world_meets_trump 2017-03-17 09:35:06 UTC
    By Noah Barkin | <h2>Angela Merkel meets Donald Trump</h2> <h3>BERLIN — The German leader is the chancellor of the free world. She is controlled and cautious, a scientist, who takes her time making decisions and has never relished the attention...
  • EU ready to respond within 48 hours to UK's Brexit note
    Eu_ready_to_respond_within_48_hours_to_uk's_brexit_note 2017-03-11 08:01:06 UTC
    The European Union will be ready to respond within 48 hours to Britain's notification that it plans to leave the 28-nation bloc, the chairman of EU leaders, Donald Tusk, said on Friday. Britain has said it will submit its formal notification to...
  • White House breaks from federal guidance with hasty tweets
    White_house_breaks_from_federal_guidance_with_hasty_tweets 2017-03-10 20:47:33 UTC
    A series of tweets by White House spokesman Sean Spicer on Friday commenting on strong February job creation figures may have run afoul of federal guidance barring most officials from commenting on key economic data within an hour of its release. ...
  • Euro jumps to three- week high against the dollar
    Euro_jumps_to_three-_week_high_against_the_dollar 2017-03-10 19:44:15 UTC
    The euro jumped to a three-week high against the dollar on Friday after a report that the European Central Bank had discussed the possibility of raising interest rates before the end of its quantitative easing program. Sources told Reuters some...
  • US shouldn't assume OPEC would extend cuts to offset shale
    Khalid_al-falih-_us_shouldn't_assume_opec_would_extend_cuts_to_offset_shale 2017-03-09 21:50:59 UTC
    By Ron Bousso | HOUSTON — Senior Saudi energy officials told top independent U.S. oil firms in a closed-door meeting this week that they should not assume OPEC would extend output curbs to offset rising production from U.S. shale fields, two i...
  • Oil fell, U.S. crude prices fell through the $50/barrel
    Oil 2017-03-09 21:04:48 UTC
    By Devika Krishna Kumar | NEW YORK — Oil fell about 2 percent on Thursday, extending the previous session's slump to prices not seen since an OPEC-led pact to cut production was agreed, as record U.S. crude inventories fed doubts about the eff...