Economy

  • Merkel Schools Trump: You Can't Do A Trade Deal With Germany
    Merkel_schools_trump-_you_can't_do_a_trade_deal_with_germany 2017-04-22 19:08:55 UTC
    "Ten times Trump asked her ( German Chancellor Angela Merkel ) if he could negotiate a trade deal with Germany," the newspaper quoted a senior German politician as saying. "Every time she replied, 'You can't do a trade deal with Germany, only t...
  • U.S. Government Threatens Funding Cut To California
    San-francisco-california 2017-04-22 06:24:27 UTC
    WASHINGTON — The U.S. Department of Justice threatened on Friday to cut some funding to California as well as eight cities and counties across the United States, escalating a Trump administration crackdown on so-called sanctuary cities that do n...
  • GOP Struggling To Pass A Spending Package To Keep The Government Open
    Gop_struggling_to_pass_a_spending_package_to_keep_the_government_open 2017-04-21 15:07:39 UTC
    WASHINGTOn — Trump and his fellow Republicans who control Congress face their first major budget test next week, with the threat of a U.S. government shutdown potentially hinging on his proposed Mexican border wall as well as Obamacare funding. ...
  • Trudeau rejects Trump's rhetoric over Canadian dairy system
    Justin_trudeau_rejected_trump's_rhetoric_over_canadian_dairy_industry 2017-04-20 17:47:39 UTC
    Canadian Prime Minister Justin Trudeau on Thursday brushed off an attack by U.S. President Donald Trump against Canada's system of dairy protections, saying every nation defended its agricultural industries. Trudeau told Bloomberg Television th...
  • World Bank Express Concerns Over Trump's Economic Policy
    World_bank_express_concerns_over_trump's_economic_policy 2017-04-20 10:33:25 UTC
    WASHINGTON — Global finance leaders are gathering on Trump's home turf to try to nudge his still-evolving policies away from protectionism and show broad support for open trade and global integration. The International Monetary Fund and World B...
  • U.S. says Iran is in compliance with nuke deal, wants to review lifting of sanctions
    Secretary_of_state_rex_tillerson_wants_montenegro_to_be_a_member_of_nato 2017-04-19 08:10:31 UTC
    By Lesley Wroughton | WASHINGTON — The Trump administration said on Tuesday it was launching an inter-agency review of whether the lifting of sanctions against Iran was in the United States' national security interests, while acknowledging tha...
  • Greece Needs To Implement Reforms To Secure A New Loan
    Greece_needs_to_implement_reforms_to_secure_a_new_loan 2017-04-18 07:45:33 UTC
    The International Monetary Fund will not take part in a bailout program for Greece if it deems the country's debt is unsustainable, the international lender's chief Christine Lagarde said in an interview published on Tuesday. Greece needs to im...
  • Germany's Volkswagen ready for selling more green cars in China
    Germany's_volkswagen_ready_for_selling_more_green_cars_in_china 2017-04-18 06:27:54 UTC
    China has aggressively promoted plug-in hybrid and battery electric cars, dubbed 'new energy vehicles', to fight urban smog but is gradually phasing out subsidies in favor of hard requirements like quotas. Under draft rules released in Septembe...
  • Trump Targets H-1B Visas Which Are Used Largely By Tech Industry
    Trump_targets_h-1b_visas_which_are_used_largely_by_tech_industry 2017-04-18 05:04:49 UTC
    U.S. President Donald Trump targets H-1B visas which are used largely by tech industry and will sign an executive order directing federal agencies to recommend changes to a temporary visa program used to bring foreign workers to the U.S. to fill h...
  • China's factory output rose 7.6 percent, asset investment grew 9.2 percent
    China's_factory_output_rose_7.6_percent__asset_investment_grew_9.2_percent 2017-04-17 03:27:13 UTC
    China's factory output rose 7.6 percent in March from a year earlier, while fixed-asset investment grew 9.2 percent in the first quarter, both beating expectations. Analysts polled by Reuters had predicted factory output would grow by 6.3 perce...
  • Protesters To Trump: We Want To See Your Tax Returns
    Protesters_to_trump-_we_want_to_see_your_tax_returns 2017-04-16 05:20:35 UTC
    WASHINGTON/ NEW YORK — Tens of thousands of people marched through midtown Manhattan and dozens of U.S. cities on Saturday to demand that President Donald Trump release his tax returns and to dispute his claim that the public does not care about t...
  • A Federal Judge Sets Hearing On Trump's Sanctuary City Defunding Order
    A_federal_judge_sets_hearing_on_trump's_sanctuary_city_defunding_order 2017-04-14 16:48:57 UTC
    By Robin Respaut | SAN FRANCISCO — A California federal judge is set to hear arguments on Friday in a case brought by two large counties requesting the suspension of President Donald Trump's executive order that seeks to withhold federal fun...
  • United Airlines Passenger To Sue The Company
    United_airlines_passenger_to_sue_the_company 2017-04-13 17:40:22 UTC
    <blockquote><h2>United Airlines Passenger To Sue The Company: </h2><h3>Dao's daughter, Crystal Dao Pepper, told the news conference that the family was "horrified, shocked and sickened" by what happened to her father.</h3> <strong>CHICAGO — <...
  • Mexico's Economy Thriving Despite Trump's Hostility
    Mexico's_economy_thriving_despite_trump's_hostility 2017-04-12 19:38:14 UTC
    MEXICO CITY — The election of Donald Trump as U.S. president last year raised the specter of economic recession in Mexico, sent the country's peso into a tailspin, and threatened local industry such as car making. But four months on, Mexican au...
  • Global Stocks Slide, Treasuries and Yen Up
    Global_stocks_slide__treasuries_and_yen_up 2017-04-11 05:04:09 UTC
    Asian stocks fell in choppy trade on Tuesday as the political tinderbox in the Middle East and the Korean Peninsula added to uncertainty over the looming French vote, pushing edgy investors into safer assets such as the yen and Treasuries. Oil ...
  • Brexit: Eyes on trading operations of UK investment banks
    Eyes_on_trading_operations_of_uk_investment_banks_after_brexit 2017-04-11 05:28:27 UTC
    By Huw Jones, Rachel Armstrong and Jesús Aguado | LONDON/MADRID - A gap in EU financial rules is allowing member countries to compete to host the trading operations of London-based investment banks after Brexit by offering looser regulatory st...
  • Tesla Beat GM To Become Most Valuable US Auto Maker
    Tesla_beat_gm_to_become_most_valuable_us_auto_maker 2017-04-10 21:23:22 UTC
    By Noel Randewich | SAN FRANCISCO Tesla Inc (TSLA.O) on Monday became the most valuable U.S. car maker, reaching a market capitalization of $50.887 billion and edging past General Motors (GM.N) which produces many more cars. Helped by an analy...
  • France, Airbus and Leonardo, Italy major deal with Iran Air
    France__airbus_and_leonardo__italy_major_deal_with_iran_air 2017-04-10 07:09:56 UTC
    IranAir has signed a contract to buy 20 planes from turboprop maker ATR, Iranian deputy transport minister was quoted as saying on Monday. The deal comes after Iran, which had not directly purchased a Western-built plane in nearly 40 years, sig...
  • Trump is well on his way to launch additional import duties
    Trump_is_well_on_his_way_to_launch_additional_import_duties 2017-04-10 06:20:52 UTC
    By David Lawder | WASHINGTON — U.S. President Donald Trump is considering an executive order to launch a trade investigation that could lead to supplemental duties in certain product categories, a Trump administration official told Reuters. ...
  • No Income Taxes In Saudi Arabia, Says Saudi FinMin
    No_income_taxes_in_saudi_arabia__says_saudi_finmin 2017-04-09 18:04:37 UTC
    Saudi Arabia's finance minister said on Sunday that citizens would not pay taxes on income and Saudi companies would not see their profits taxed under sweeping economic reforms being introduced in the oil-rich kingdom. The collapse in oil price...
  • German service sector growth to a 15-month high
    German_service_sector_growth_to_a_15-month_high 2017-04-05 09:20:08 UTC
    BERLIN, April 5 - Growth in Germany's services sector accelerated further in March, a survey showed on Wednesday, suggesting Europe's largest economy will post healthy growth in the first quarter. Markit's final services index rose to a 15-mont...
  • China Eyes Plant in Mexico as a New Capital of the Automotive Industries - Fact Check: Trump's Misleading Claims
    Trump's_misleading_claims 2017-04-05 07:31:58 UTC
    China Eyes Plant in Mexico as a New Capital of the Automotive Industries - Fact Check: Trump's Misleading Claims. MEXICO CITY/BEIJING — Trump has criticized carmakers including General Motors for shifting production south of the border. Under...
  • Trump's anti-immigration stance focusing on H1B Visa
    Trump's_anti-immigration_stance_focusing_on_h1b_visa 2017-04-04 16:18:54 UTC
    By Julia Edwards Ainsley | WASHINGTON — The U.S. Department of Homeland Security announced steps on Monday to prevent the fraudulent use of H1B visas, used by employers to bring in specialized foreign workers temporarily, which appeared to fal...
  • "Tough Market": U.S. Car Market Boom Starts Losing Steam
    %22tough_market%22-_u.s._car_market_boom_starts_losing_steam 2017-04-03 16:44:32 UTC
    By Nick Carey | DETROIT — Major U.S. automakers on Monday posted sales figures for March that came in below market expectations and heightened concerns the country's boom in vehicle sales may be losing steam, sending shares in car companies do...
  • Australian Mortgage-Financed Housing Bubble Continues To Grow
    Australian_mortgage-financed_housing_bubble_continues_to_grow 2017-04-02 01:43:49 UTC
    By Swati Pandey and Wayne Cole | SYDNEY — In their struggle to cool red-hot property prices in Australia's big cities, authorities are ratcheting up measures that could dent the whole market but avoiding more targeted steps that have had som...