Economics News Results

  • Ukraine government sees 2020 budget deficit at 2.09 pct

    Ukraine government proposes parliament to adopt the 2020 state budget with 2.09% deficit, finance minister Oksana Markarova said on Sunday. This year's budget deficit is set at around 2.3 percent.

  • Siemens, Orascom sign deal to rebuild Iraq power plant

    Siemens and Orascom Construction signed an agreement on Saturday with the Iraqi government to rebuild two power plants in the north of the country that will have a combined capacity of 1.6 gigawatts. Siemens said that work at the Baiji facility, 250 km north of Baghdad, will commence once Iraq's Council of Ministers approve the deal and a financial agreement is reached with the Finance Ministry.

  • Solid U.S. retail sales calm some worries about economy

    U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth. The report from the Commerce Department on Friday could further allay financial market concerns of a recession, which have been fueled by a year-long trade war between the United States and China as well as slowing global growth.

  • India's August trade deficit narrows to $13.45 bln - govt

    India's trade deficit in August narrowed to $13.45 billion from $17.92 billion a year ago, the trade ministry said in a statement on Friday, helped by lower oil import bill. Oil imports fell 8.90% to $10.88 billion in August from $11.94 billion in a year-ago period.

  • Solid U.S. retail sales calm some worries about economy

    * Retail sales increase 0.4% in August. * Core retail sales rise 0.3% * Import prices drop 0.5%; down 2.0% year-on-year. By Lucia Mutikani. U.S. retail sales increased more than expected in August, pointing to solid consumer spending that should continue to support a moderate pace of economic growth.

  • Brazil economic recovery stalls in July, central bank index shows

    Economic activity in Brazil fell slightly in July, a central bank indicator showed on Friday, running counter to other data that had suggested the economy started the third quarter on a solid footing. The central bank's IBC-Br economic activity index, a leading indicator of gross domestic product, fell 0.16% in July from June, the first decline in three months.

  • Brazil IBC-Br economic activity -0.16% in July - central bank

    Economic activity in Brazil fell slightly in July, a central bank indicator showed on Friday, running counter to recent data that had suggested the economy started the third quarter on a solid footing. The central bank's IBC-Br economic activity index, a leading indicator of gross domestic product, fell 0.16% in July from June, the first decline in three months.

  • German economy not heading for pronounced recession - ministry

    Europe's largest economy is not facing a bigger downturn or a pronounced recession after contracting slightly in the second quarter but there are no signs of a turnaround yet either, the German Economy Ministry said on Friday.

  • Germany to run world's largest current account surplus in 2019 - Ifo

    Germany will run the world's largest current account surplus in 2019 for the fourth consecutive year, the Ifo economic institute said on Friday, likely putting further pressure on Berlin to help reduce global imbalances and stimulate domestic demand.

  • PRESS DIGEST- Wall Street Journal - Sept 13

    The following are the top stories in the Wall Street Journal. - China is looking to narrow the scope of its negotiations with the United States to only trade matters, seeking to put thornier national-security issues on a separate track in a bid to break deadlocked talks with the Washington. https://on.wsj.com/2ZYGtIc.

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