Result Page 294 for Latest Economy & Markets News & Archive

US Stock Futures Point To Higher Open Ahead Of Existing Home Sales, Corporate Earnings

Investors are still sifting through second-quarter earnings for clues regarding the U.S GDP growth.

BoJ Member Sato Says Expect More Stimulus From Central Bank If Needed, Looks To Soften Stance On Inflation Target

Bank of Japan's Takehiro Sato says while Japan's future is bright, global economic conditions could pose a threat to its recovery.

WTO Set To Begin Hearing This Week On Poultry Import Dispute Between US, India

U.S. wants India to lift a ban on poultry imports saying the latter’s concerns over avian flu are unfounded.

Abe Coalition Projected For Major Win, Concerns Regarding Economic Reform And Relations With China And Korea Already Surfacing

Voters want Shinzo Abe to forge ahead with Abenomics -- and not shift focus to revise Japan’s pacifist constitution.

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China Announces Interest Rate Reforms, Effective Almost Immediately

China’s central bank announced the scrapping of a minimum floor for interest rates mandated on banks, as it seeks to liberalize capital markets.

India’s Prime Minister Manmohan Singh Says 6.5 Percent Growth Target Looks Unachievable; Deutsche Bank Cuts India’s GDP Growth Forecast To 5 Percent

India cannot meet its GDP growth target of 6.5 percent, Manmohan Singh said, even as Deutsche Bank joined other banks in slashing outlook.

Tata Consultancy Services (TCS) opens BPO shop in Philippines

India's Top IT Exporter TCS Posts Solid Earnings Outperforming Market Expectations; Shares Soar Above 5 Percent

Resurgent demand from the U.S. and a weak rupee help Indian IT companies beat quarterly earnings expectations.

EU Trade Preference Grants Myanmar Duty-Free And Quota-Free Access To European Markets

Myanmar is granted trade preferences by the European Union, recognizing the country's efforts to improve labor conditions.

Federal Reserve System: Five Reasons Why The Fed Should Not Decrease Stimulus In September

The U.S. economy is just starting to gain momentum. So why would one want to squelch it by decreasing quantitative easing too soon?

World Citizens Prefer US To China, Says Pew Research Center Survey

67 percent approve of the U.S., but only 50 percent approve of China.

US Stocks Rally To Record Intra-Day Highs On Upbeat Information From Federal Reserve, Company Earnings And Economic Reports

Positive economic reports and upbeat corporate earnings sparked a rally, as the central bank's chairman spoke in Washington.

Will Work For Food: African Leaders Discuss Scientific Solutions To Continental Food Crisis

With better technology and smarter science, Africa could solve its own hunger problem.

Growth Of Myanmar Economy Can Only Be Sustained By Structural Changes With Country's Aging Population: OECD

According to an OECD report, the proportion of Myanmar's workers could begin declining by 2017.

Moody's Cuts Chicago Debt Rating As Crime-Fighting Costs And Pension Deficits Buffet The Windy City

Chicago's $36B retirement-fund deficit and its $7.7B in general-obligation bonds forced a cut to an A3 rating/negative outlook.

Macquarie Cuts India’s GDP Growth Forecast While Brokerages Cast Doubts On India’s Banks

Rupee and reform worries prompt forecast change while foreign brokerages shy away from Indian banks.

Protesting Banned In Athens During Visit By German Finance Minister Wolfgang Schaeuble, Who Urged Greece To Stop Lobbying For More Debt Restructuring

Athens instituted bans on groups of protesters, as German finance chief says Greece should stop pushing for more debt write-downs.

ArcelorMittal Cancels Steel Project In India After Running Into Difficulties Over Land Purchase, Iron Ore Linkages

Despite the Indian government’s attempts to boost foreign investment, companies disillusioned by ground realities are pulling out.

Tainted Food At Indian School Kills 22; Midday Meal Scheme For Students Marred By Controversies Since Its Widespread Adoption in 2001

The death of 21 students at an Indian primary school is a harsh indictment of the country’s mismanaged midday meal plan.

Student Loans Could Be Cheaper This Fall; Democrat, Republican Senators Agree To Link Student Loan Interest Rates To Market Rates In Future Years

Senators agree to cut interest rates on loans for undergraduates this fall, but student loans could be linked to market rates in future.

Intel Slashes 2013 Revenue Outlook As PC Sales Decline

The chipmaker is now hoping that the sales of tablets, smartphones and processors will make up for the decrease in PC sales.

Myanmar Bank Hopes To Issue First Domestic Credit Card

Talks are under way with the Central Bank of Myanmar in the hopes of approving credit cards to locals.

Home Prices Hit New Peaks In Five US States In May [MAP]

While house prices in most states are still well below their mid-2000s peak, they’re hitting new highs in five states and Washington, D.C.

South Ferry Subway Station, New York City, After Superstorm Sandy

New York City Selling Insurance-Linked Bonds To Hedge Against Future Storm Surge Risk

The bonds would cover surges, like those caused by Superstorm Sandy in 2012 and Hurricane Donna in 1960.

Myanmar Stock Exchange To Launch After Security Exchange Law Passed

The southeast Asian nation's exchange will be established after the parliament passes a "Security Exchange Law."

Bernanke Testimony To Congress: Tapering Not On Pre-Set Course, Could Even Increase Purchases If Needed

The Fed chairman underscored that the stimulus reduction is "by no means on a preset course."

US Housing Starts Fall 9.9% To 836,000 In June, A Bigger Drop Than Expected, Apartment Construction Starts Plummet

Starts on apartment buildings and other multi-unit facilities led the June decline, which was more than expected.

A plaque depicting Britannia is seen on the outside of the Bank of England in the City of London

Bank of England Votes Together Against More Quantitative Easing, At First Mark Carney Meeting

A Wednesday release of BOE meeting minutes showed a remarkable unanimous vote against increasing bond purchases.

FULL TEXT: Fed Chairman Ben Bernanke's Prepared Remarks For Delivery To Congress

Fed Chairman Ben Bernanke is on Capitol Hill for his regular, semiannual testimony on the economy.

US Defense Secretary Chuck Hagel Will Cut Up To $2B From Pentagon Top Officials’ Budgets Starting In October

A $2 billion cut to administrative operations will take place regardless of any congressional moves.

US Stock Futures Point To Lower Open Ahead Of Bernanke's Congressional Testimony, Housing Starts Data, Corporate Earnings

Investors will scrutinize Fed Chairman Ben Bernanke's semi-annual Congressional testimony for tapering timetable clues.

Employers Expect To Raise Worker Pay In 2014 By Just 2.9% On Average, With Huge Disparities Based On Performance

Despite a strengthening economy, base salaries are only expected to rise by 2.9 percent in 2014, just modestly better than 2013's 2.8 percent.

Restart of Japanese Nuclear Plants: Fukushima Vegetables, A Weaker Yen Unlikely To Help With Japan's Trade Deficit

As problems continue to plague the Fukushima nuclear plant, the impact of its restart on Japan's trade deficit would likely be very small.

India Clears 100 Percent Foreign Direct Investment, or FDI, In Telecom Services; Relaxes FDI Rules Across Several Other Sectors

In a new gesture aimed at boosting India's sagging economy and image, its government approved greater participation by foreign investors.

BoJ Minutes Show Members Differ On Measures To Curb Market Volatility, Central Bank Retains Core Policy, Expresses Confidence About Country's Economy

BoJ officials disagree on policies to curb volatility and excessive easing, but stay confident about the country's economic future.

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