Economics News Results

  • China Aug factory deflation deepens, prices fall most in 3 yrs; pork prices soar

    * Factory deflation for 2nd month highlights weakening demand. * China Aug PPI -0.8% y/y vs -0.3% in July. * Aug CPI +2.8% y/y, unchanged from July, but food soars. * More monetary easing expected to shore up growth -analysts. By Yawen Chen and Se Young Lee.

  • FOREX-Dollar buoyed as markets digest oil shock; Aussie sold

    * Dollar broadly supported as investors look to Fed. * Australian dollar falls after dovish RBA minutes. * Oil exporter currencies hold gains. * Graphic: World FX rates in 2019 By Hideyuki Sano and Tom Westbrook.

  • China's home price growth at weakest in nearly a year, developers seen cutting prices

    * August annual new home prices expand 8.8% vs 9.7% in July. * Month-on-month new home prices grow 0.5% vs 0.6% in July. * 55 out of 70 cities reported higher prices vs 60 in July. By Yawen Chen and Ryan Woo. China's new home prices grew at their weakest pace in nearly a year in August as a cooling economy and existing curbs on speculative buying put a dent on overall demand.

  • PRESS DIGEST-British Business - Sept 17

    Sept 17 - The following are the top stories on the business pages of British newspapers. The Times. The chancellor must overhaul the apprenticeship levy by the end of the year or risk losing a generation of young workers untrained to cope with the rising use of automation and artificial intelligence in the workplace, the CBI has warned.

  • FOREX-Oil currencies, dollar buoyed as Saudi attacks keep crude elevated

    * Norwegian crown, Russian rouble early gainer from Saudi attacks. * Dollar broadly supported as investors look to Fed. * Graphic: World FX rates in 2019 By Hideyuki Sano. Oil exporter currencies held firm while the dollar found broad support as recent attacks on Saudi oil facilities and the threat of military action in the region kept crude prices kept prices elevated.

  • Lower energy revenue pushes up Algeria's trade deficit

    Algeria's energy earnings fell 8.45% in the first seven months of 2019, pushing up the country's trade deficit by $1.36 billion from the same period a year ago, official data showed on Monday. Algeria has been trying to cut spending on imports in a bid to cope with a fall in energy revenue, the main source for state finances.

  • Canadian home sales rise for sixth straight month in August

    Canadian homes sales rose 1.4% in August from July, the sixth consecutive month of increased activity, the Canadian Real Estate Association said on Monday. The industry group said actual sales, not seasonally adjusted, rose 5% from a year earlier, while the group's Home Price Index was up 0.9% from August last year.

  • Pakistan's cenbank holds rates, says recent hikes enough to tame inflation

    Pakistan's central bank held its main policy rate at 13.25% on Monday, taking a pause from a series of recent hikes that it said had been enough to ensure the country's high inflation would gradually reduce over the coming years.

  • N.Y. Fed "Empire State" business index slips in September

    The New York Federal Reserve said on Monday its gauge of business growth in New York state declined more than forecast in September, suggesting sluggish regional activity amid a U.S.-China trade dispute. There were conciliatory gestures between Washington and Beijing in a bid to defuse trade tensions as the two nations are expected to meet in Washington for trade talks in the coming weeks.

  • Divergent ECB views on stimulus moves a natural thing - Lane

    The divergence of views at the top of the European Central Bank about restarting its bond buying programme is a normal aspect of decision making and shouldn't be hidden, the ECB's chief economist Philip Lane said on Monday. "It is natural, every central banker bank I know has a range of views at the moment," Lane, who acts as the ECB's chief economist, said at an event at Bloomberg in London.

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