Economics News Results

  • Mexico Posts $4.38 Billion September Trade Surplus

    MEXICO CITY--Mexico registered a fourth consecutive monthly trade surplus in September as trade levels continued their recovery from shutdowns earlier in the year. The $4.38 billion surplus brought the accumulated balance for the first nine months of the year to a surplus of $18.96 billion, the National Statistics Institute said Tuesday. For the first time since February, exports were above the year-earlier month, rising 3.7% from September 2019 to$ 38.55 billion.

  • U.S. core capital good orders beat expectations in September

    New orders for key U.S.-made capital goods rose more than expected in September, wrapping up a quarter of potentially record growth in business spending and the overall economy, thanks to fiscal stimulus aimed at softening the blow from the COVID-19 pandemic.

  • South Korean Economy Returns to Growth

    SEOUL-- South Korea's economy expanded quarter-on-quarter, as Asian economies shake off the pandemic's worst effects and return to growth. South Korea, during the July-to-September period, reported its gross domestic product rose 1.9% from the previous quarter, aided by a strong recovery in the country's exports of cars and memory chips. Asia's fourth-largest economy, South Korea had fallen into a recession earlier this year after two straight quarters of negative growth.

  • Erdogan files criminal complaint against Dutch politician Wilders

    Turkish President Tayyip Erdogan has filed a criminal complaint with Turkish authorities against prominent Dutch far-right leader Geert Wilders saying that he had insulted him on social media, state-owned Anadolu news agency said on Tuesday.

  • FOREX-Dollar struggles as U.S. election uncertainty offsets COVID-19 concerns

    * Dollar gives up early gains, euro marginally higher. * FX markets in wait-and-see mode before U.S. election. * Sterling gains as Brexit trade deal talks continue. * Graphic: World FX rates in 2020 https://tmsnrt.rs/2RBWI5E. By Tommy Wilkes.

  • France's Unemployment Rate Fell in 3Q

    France's unemployment rate in the third quarter fell 11.5% over the previous quarter, as economic activity picked up amid an easing of coronavirus restrictions, the country's Ministry of Labour said Tuesday. In the third quarter, a total of 3.673 million job seekers in metropolitan France registered with Pole emploi, a French governmental agency which logs unemployed people. On a year-on-year basis, however, the unemployment rate went up 9.5% in 3 Q.

  • The Rust Belt boom that wasn't: Heartland job growth lagged under Trump

    - The voters of Monroe County, Michigan, may have expected an economic windfall when they flipped from supporting Democrat Barack Obama to help put Donald Trump in the White House in 2016.

  • COVID-19 crisis takes bite out of Swiss chocolate sales

    Swiss chocolate sales fell 14.3% in the first eight months of the year as the COVID-19 pandemic hit travel retail and the industry's business with hotels and restaurants. The decline was even more marked in the four months to August, at 21.5%, with both domestic sales and exports hit, industry association Chocosuisse said in a statement on Tuesday.

  • Spain to raise taxes on large companies, wealthy people, deputy PM says

    Spain plans to raise taxes on large companies and wealthy people to fund increased spending on social care as part of its 2021 budget, Deputy Prime Minister Pablo Iglesias told a news conference on Tuesday. The tax increases are included in a draft budget sent to the European Commission.

  • FOREX-Dollar retreats again in Asia as solid data offsets virus worries

    The dollar handed back some recent gains against most of its major rivals on Tuesday, as strong regional economic data helped to offset worries about a second wave of COVID-19 cases in Europe and the ...

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