Economy

  • Paul: I can't look the other way by trillion-dollar deficits
    Rand_paul_says-_i_can't_look_the_other_way_by_trillion-dollar_deficits 2018-02-09 06:06:44 UTC
    WASHINGTON (AP) — The U.S. government stumbled into a shutdown at midnight as a rogue Senate Republican blocked a speedy vote on a massive, bipartisan, budget-busting spending deal, protesting the return of trillion-dollar deficits on the watch of...
  • Dow Jones falls again, sending investors into a panicked frenzy
    Panic-_u.s._stock_market_crash 2018-02-08 17:53:50 UTC
    (Reuters) - U.S. stocks turned lower in early trading on Thursday, with investors still on edge as volatility in financial markets persisted following the worst declines in more than two-and-a-half years earlier in the week. Wall Street ran out...
  • California will block transportation of oil from Trump offshore drilling plan
    California_will_block_the_transportation_of_petroleum_from_trump_offshore_drilling_plan 2018-02-08 07:11:56 UTC
    SACRAMENTO, Calif. (Reuters) - California will block the transportation through its state of petroleum from new offshore oil rigs, officials told Reuters on Wednesday, a move meant to hobble the Trump administration’s effort to vastly expand drill...
  • 5 Reasons the US Market Is Crashing
    5_reasons_the_us_market_is_crashing 2018-02-06 04:38:54 UTC
    Dow Jones industrials plummets with largest drop since 2011. The US Dow Jones stock index plunged 4.6 percent Monday, in its biggest one-day percentage loss since 2011. The selloff has wiped off all its gains since the start of 2018. Asia share...
  • Dow Jones Worst Day Since 2011
    Dow_jones_worst_day_since_2011 2018-02-06 03:58:21 UTC
    TOKYO (AP) — Shares tumbled in Asia on Tuesday after a wild day for U.S. markets that resulted in the biggest drop in the Dow Jones industrial average in six and a half years. Japan’s Nikkei 225 index dropped as much as 5.6 percent in early tra...
  • Germany's Economy Growing Fast with Surplus
    German_economy_powers_on-_in_surplus_and_growing_fast 2018-02-01 22:18:01 UTC
    BERLIN (Reuters) - The German government this week raised its 2018 growth forecast to 2.4 percent from 1.9 percent after bullish economic data, which could translate into added tax revenues. That would give more leeway to increase state spendin...
  • British government forecast predicts UK will suffer in every Brexit scenario
    Leaked_uk_government_forecast_predicts_britain_will_suffer_in_every_brexit_scenario 2018-01-30 18:34:42 UTC
    A confidential report prepared for the British government and leaked on Monday suggests all UK industries will be hurt by leaving the European Union, Buzzfeed News reported. The findings are the latest embarrassment for British Prime Minister T...
  • Tennessee City Stumped by Trump's 'America First' Tariffs on Washing Machines
    Tennessee_city_stumped_by_trump's_'america_first'_tariffs_on_washing_machines 2018-01-29 21:29:06 UTC
    CLARKSVILLE, Tenn. (Reuters) - When President Donald Trump imposed steep tariffs on imported washing machines last week it was a “Not Again” moment for officials in this north Tennessee city that has lost jobs to an international trade dispute bef...
  • California will catch up globally on electric vehicle sales
    California_will_catch_up_globally_on_electric_vehicle_sales 2018-01-27 08:07:24 UTC
    (Reuters) - California said on Friday it would ramp up efforts to boost electric vehicles even as it holds talks with the Trump administration over the fate of fuel efficiency standards through 2025. California Governor Jerry Brown signed an ex...
  • Beijing tells the world to choose between China's global outlook and that of the U.S.
    Xi_tells_the_world_to_choose_between_china's_global_outlook_and_that_of_u.s 2018-01-27 07:52:02 UTC
    DAVOS, Switzerland — China has given the world a blunt choice by asking global leaders to choose between Xi Jinping's global outlook and that of US President Donald Trump. In a strongly worded editorial by the state's news agency, Beijing said ...
  • Weak US Dollar Struggles, Asian Shares Reach Record Peak
    Weak_us_dollar_struggles__asian_shares_reach_record_peak 2018-01-25 07:27:10 UTC
    TOKYO (Reuters) - Asian stocks hit a record high on Thursday though concerns about the Trump administration’s protectionist stance tempered enthusiasm in financial markets, while the dollar struggled after U.S. Treasury Secretary Steven Mnuchin we...
  • Davos: Merkel says right-wing populism is a 'poison'
    Davos-_merkel_says_right-wing_populism_is_a_'poison' 2018-01-24 21:04:11 UTC
    DAVOS, Switzerland — German Chancellor Angela Merkel evoked the two world wars and questioned whether the West had learned the lessons from those conflicts. Merkel has told WEF delegates that "the right-wing populism is a poison." “We are ...
  • Dollar Slides to 3-year Low as Euro Gains
    Solid_european_economic_outlook_kept_euro_strong_against_dollar 2018-01-24 07:28:05 UTC
    SINGAPORE (Reuters) - The dollar slid to three-year lows against a basket of major peers on Wednesday. The euro climbed to as high as $1.2335 EUR=, its strongest level since December 2014, and was last up 0.2 percent at $1.2318. Euro zone co...
  • Doctors can detect deadliest cancers through blood test
    To_detect_deadliest_cancers_just_by_blood_test 2018-01-21 17:59:46 UTC
    The future isn't far off, according to US researchers: doctors will soon be able to detect cancer and locate tumor cells just by examining one blood sample. But is this new screening method as good as it sounds? <blockquote>Cancer of the ovarie...
  • #TrumpShutdown — U.S. Government Shuts Down After Senate Vote Fails
    _trumpshutdown_%e2%80%94_u.s._government_shuts_down_after_senate_vote_fails 2018-01-20 08:57:36 UTC
    WASHINGTON (Reuters) - The U.S. government shut down at midnight on Friday after Democrats and Republicans failed to reach a last-minute deal to fund its operations, divided in a bitter dispute over immigration and border security. The shutdown...
  • US dollar laboured near a three-year low against a basket of currencies
    Us_dollar_laboured_near_a_3_year_low_against_a_basket_of_currencies 2018-01-19 10:32:11 UTC
    LONDON (Reuters) - The dollar laboured near a three-year low against a basket of currencies on Friday, heading for a fifth week of falls that would be its longest losing streak since May 2015. The U.S. currency slipped to its lowest since Decem...
  • Bitcoin extended its sharp tumble of the past 24 hours
    Bitcoin_extended_its_sharp_tumble_of_the_past_24_hours 2018-01-17 17:16:08 UTC
    (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than 20 percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed i...
  • Trade surplus in EU expanded to its highest point in 2017
    Trade_surplus_in_eu_expanded_to_its_highest_point_in_2017 2018-01-15 10:42:15 UTC
    BRUSSELS (Reuters) - The trade surplus in the 19 countries sharing the euro expanded in November to its highest point in eight months, as a rise in exports of goods outpaced increasing imports, despite a stronger euro, official estimates released ...
  • Scotland Sees 'Golden' Chance to Stay in European Single Market
    Scotland_sees_'golden'_chance_to_stay_in_the_european_single_market 2018-01-14 08:31:04 UTC
    EDINBURGH (Reuters) - Scottish leader Nicola Sturgeon said on Sunday there was a “golden opportunity” to argue for Britain to remain in the European single market after Brexit, as no-one had yet demonstrated the benefit of loosening trade ties wit...
  • WTO: Canada launches a wide-ranging trade dispute against US
    Wto-_canada_launches_a_wide-ranging_trade_dispute_against_the_us 2018-01-10 19:12:59 UTC
    GENEVA (Reuters) - Canada has launched a wide-ranging trade dispute against the United States, challenging Washington’s use of anti-dumping and anti-subsidy duties, Canada said in WTO filing dated Dec. 20 and published on Wednesday. Canada appe...
  • China is winning the race for new energy vehicles
    China_is_winning_the_race_for_new_energy_vehicles 2017-12-27 09:26:31 UTC
    BEIJING/SHANGHAI (Reuters) - China will extend a tax rebate on purchases of so-called new-energy vehicles (NEV) until the end of 2020, a boost for hybrid and electric car makers amid a shift by policy-makers away from the traditional internal comb...
  • Zimbabweans of European Origin Return to Seized Land
    Zimbabweans_of_european_ethnic_origin_returns_to_seized_land 2017-12-24 11:14:22 UTC
    RUSAPE, Zimbabwe (Reuters) - The last time farmer Rob Smart left his land it was at gunpoint, forced out in June by riot police armed with tear gas and AK-47 assault rifles. He returned on Thursday to ululations and tears of joy from former wor...
  • Down 35 percent: Bitcoin tumbled below $13,000
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up 2017-12-22 07:47:50 UTC
    TOKYO (Reuters) - Cryptocurrency bitcoin tumbled below $13,000 briefly on the Bitstamp exchange BTC=BTSP on Friday, down roughly 35 percent from its record top near $20,000 set at the start of the week. It was last down 7 percent at $14,499 BTC...
  • Donald Trump, Corrupt King of the Swamp
    Donald_trump__corrupt_king_of_the_swamp 2017-12-21 02:42:33 UTC
    The US tax bill is an unashamed enrichment scheme for the wealthy and slap in the face for the poor. Trump's giant giveaway to the richest Americans, like himself, finally makes clear to everyone where the president's real sympathies lie. After...
  • Republicans Looting the Treasury: House Approves #TaxScamBill
    Republicans_looting_the_treasury-_house_approves__taxscambill 2017-12-20 19:52:16 UTC
    ASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives gave final approval on Wednesday to the biggest overhaul of the U.S. tax code in 30 years, sending a sweeping $1.5 trillion bill to President Donald Trump for his signat...