The danger of Trump's economic policies
2017-01-18 04:07:30 UTC
Protectionism has a certain appeal in every age and every nation, because of what we might call a piece of faulty wiring in the human brain. Our instincts were evolved on the savannahs of Pleistocene Africa. We have an ingrained tendency to ...
UK has no chance for full access to the EU after Brexit
2017-01-12 00:52:19 UTC
By Andrew MacAskill and Huw Jones | LONDON (Reuters)
Britain's finance industry has given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially exclude som...
Asia stocks shaky as FBI review of Clinton emails rattles markets
2016-10-31 07:18:13 UTC
SINGAPORE (Reuters) - Most Asian stocks struggled higher on Monday but investors were rattled by news that the FBI is planning to review more emails related to Democratic presidential candidate Hillary Clinton's private server, just a week before ...
Bank of England records no dissent over lowering bank capital buffer after Brexit vote
2016-07-12 08:50:19 UTC
No Bank of England policymakers objected to a decision to cut banks' capital requirements at a meeting in the wake of Britain's vote to leave the European Union, a record of their meeting showed on Tuesday.
Last week the BoE's Financial Policy ...
EU: Populism is a 'dangerous' trend in Europe and U.S.
2016-07-11 07:36:37 UTC
Beijing — European Union Trade Commissioner Cecilia Malmstrom said the debate in the United States was personified by Republican presidential hopeful Donald Trump and included criticism of globalization and trade.
She said on Monday in Beijin t...
BREAKING NEWS: U.S. economy adds a greater-than-expected 287,000 jobs in June
2016-07-08 12:44:50 UTC
BREAKING NEWS: U.S. economy adds a greater-than-expected 287,000 jobs in June; Dow Jones futures up nearly 100 points
Oil prices rise on Norway strike threat; Brexit shock fades
2016-06-29 05:20:03 UTC
Oil rose on Wednesday as financial traders poured money back into commodities following the initial shock of Britain's vote to leave the European Union, and as a potential strike in Norway and crisis in Venezuela threatened to cut supply.
Iraqi army makes new push to retake city of Fallujah from ISIS
2016-05-28 07:09:30 UTC
<h1>ISIS commander in Falluja killed, U.S. military says</h1>
U.S.-led coalition strikes supporting Iraqi forces in the recapture of Falluja have killed 70 Islamic State militants including the group's commander in the city, a U.S military spok...
Worst performers in Dow Jones Industrials
2016-01-20 18:37:40 UTC
Wall Street moved deep into the red on Wednesday, with the S&P 500 hitting its lowest since February 2014 and extending this year's selloff as oil prices continued to plummet unabated.
The rout was across the board: all 30 Dow components and al...
Dow Sinks Over 450 Points in Global Selloff, Crude Falls Below $30
2016-01-15 20:08:36 UTC
U.S. stock indexes notched deep losses in volatile trading on Friday, with the S&P 500 hitting its lowest since October 2014 and the Dow losing more than 500 points, as oil prices dived below $30 per barrel.
All 10 major S&P sectors were in the...
CHINA CLOSES STOCK MARKET AFTER 15 MINUTES OF TRADE
2016-01-07 14:00:46 UTC
China accelerated the depreciation of the yuan on Thursday, sending regional currencies and stock markets tumbling as investors feared the Asian giant could trigger competitive currency devaluations from trading partners.
China's stock markets ...
Oil prices down again on fresh supply build worry, dollar spike
2015-12-17 16:52:28 UTC
Oil prices fell as much as 2 percent on Thursday, with Brent trading not far from 11-year lows, as data showing fresh supply builds at the delivery point for U.S. crude futures added to worries about a global glut.
Market intelligence firm Gens...
Oil prices fell - Weaker U.S. manufacturing data
2015-09-02 09:57:37 UTC
Oil prices fell 2 percent in Asian trade on Wednesday, as a stronger-than-expected build in U.S. crude oil stocks and weaker U.S. manufacturing data fueled a rout in prices that started in the previous session.
Brent and U.S. crude finished aro...
Oil prices tumble as Iran and world powers reach nuclear deal
2015-07-14 08:36:17 UTC
Oil prices tumbled more than $1 on Tuesday after Iran and six global powers reached a landmark nuclear deal that would see an easing of sanctions against Tehran and a gradual increase in its oil exports.
Iran and the six powers have reached a d...
Bund yield hits 1 percent as stock markets halt sell-off
2015-06-10 16:24:45 UTC
German bond yields hit 1 percent for the first time since September on Wednesday as long-term inflation expectations rose, luring investors back into equities despite lingering jitters over the size of recent market swings.
<p>Traders pointed t...
Oil markets spike on Iraq concerns
2014-06-15 18:18:54 UTC
The price of Brent crude spiked on Friday over concerns about the ongoing insurgency in Iraq.
Oil prices settled down, but at $4 per barrel higher than at the beginning of the week.
Reassurances about the flow of oil supplies went some way t...
Bank of New York Mellon to sell 1 Wall Street headquarters
2014-05-21 22:44:55 UTC
Bank of New York Mellon Corp. has agreed to sell its Art Deco headquarters tower at 1 Wall Street to a venture led by investor Harry Macklowe for between $500 million and $600 million, according to multiple people familiar with the discussions.
Gas war: Ukraine refuses to pay increased prices set by Russian firm
2014-04-06 23:23:22 UTC
The prospect of a new gas war between Russia and Ukraine drew closer at the weekend as the government in Kiev said it would refuse to pay for gas at a new, inflated price set by Gazprom last week. The dispute comes as tensions in eastern Ukraine r...
EU to impose stricter rules on organic products
2014-03-26 04:02:05 UTC
<h3>How green are organic products really? Consumers are increasingly uncertain. In order to win back their trust, the EU Commission now wants to implement stricter regulations for products with an organic seal.</h3>
Pesticide-ladentomatoes and f...
Oil slightly lower ahead of US stockpiles report
2014-03-19 06:37:57 UTC
The price of oil was down slightly Wednesday as energy markets waited for the latest figures on U.S. crude and fuel stockpiles.
Benchmark U.S. crude for April delivery was down 20 cents at $99.50 a barrel at 0605 GMT in electronic trading on th...
Oil falls to around $101 after China, Japan data
2014-03-10 16:31:40 UTC
The price of oil sunk to around $101 on Monday after a surprise drop in China's exports and weaker economic growth in Japan suggested demand for crude could weaken.
By early afternoon in Europe, benchmark U.S. crude for April delivery was down ...
Asian stocks mostly down ahead of Fed news
2014-03-19 05:28:47 UTC
SEOUL, South Korea (AP) — Asian stock markets mostly drifted lower Wednesday ahead of the outcome of the Federal Reserve's first policy meeting under its new chief.
The Asian heavyweight index, Tokyo's Nikkei 225, was down 0.5 percent at 14,335...
US job gain despite freeze raises economic hopes
2014-03-08 10:03:56 UTC
WASHINGTON (AP) — Brutal winter weather snarled traffic, canceled flights and cut power to homes and factories in February. Yet it didn't faze U.S. employers, who added 175,000 jobs, far more than the two previous months.
Modest but steady job ...
Oil prices spike on Russia sanctions fears
2014-03-03 22:05:49 UTC
The price of oil jumped more than $2 a barrel Monday as Russia's military advance into Ukraine raised fears of economic sanctions against one of the world's major energy producers.
In New York, benchmark U.S. crude for April delivery gained $2....
US home prices dip for second straight month
2014-02-25 21:56:50 UTC
WASHINGTON (AP) — U.S. home prices fell for the second straight month in December as brutally cold weather, tight supply and higher costs slowed sales.
The Standard & Poor's/Case-Shiller 20-city home price index declined 0.1 percent from Novemb...