Economics News Results

  • FOREX-Dollar snaps two-week losing streak on global growth concerns

    * Graphic: World FX rates in 2019 The U.S. dollar erased earlier losses and rose on Friday after investors cut back short positions in the greenback as concerns about slower global growth prospects and political tensions boosted its safe-haven appeal.

  • Fed rate cuts are a mistake, says Oaktree's billionaire co-chairman

    Critical information for the U.S. trading day. We're going to hear from a busy lineup of Federal Reserve officials on Friday, and they may shed more light on why the bank was so divided on this week's interest rate cut. Our call of the day, from Oaktree Capital's billionaire co-chairman Howard Marks, also weighs in on the Fed as he says the economy doesn't really need the rate cuts it's been doling out.

  • Fed's Bullard, explaining dissent, says U.S. manufacturing appears 'in recession'

    St. Louis Federal Reserve bank president James Bullard said on Friday he argued for a deeper, half a percentage point cut at this week's Fed meeting because of signs the U.S. economy will slow "in the near horizon," and that manufacturing "already appears in recession." The Fed cut rates a quarter of a percentage point at its policy meeting that ended Wednesday.

  • Thai August exports slump as strong baht adds to trade war woes

    * Aug exports fall 4% y/y, even with gold boost. * Rice exports plunge 45% y/y, deepest fall since mid-2012. * Strong baht hurt farm shipments - official. * Baht is Asia's top performing currency this year. By Orathai Sriring and Satawasin Staporncharnchai.

  • India rains to be above average for first time in 6 years - officials

    India is likely to receive above-average monsoon rains in 2019 for the first time in six years as seasonal rainfall continues longer than expected, two senior weather department officials told Reuters, in a boon for the country's cooling economy.

  • Greek current account surplus inches down in July, tourism revenues rise

    Greece's current account balance showed a slightly smaller surplus in July compared to the same month last year, as imports outpaced exports, the Bank of Greece said on Friday. Central bank data showed the surplus at 1.28 billion euros compared to a surplus of 1.31 billion euros in July 2018. Tourism revenues rose to 3.65 billion euros from 3.28 billion in the same month a year earlier.

  • Japan August consumer inflation cools to 2-yr low in blow to BOJ

    * August nationwide core CPI +0.5%, matches forecast. * Index excluding oil, fresh food +0.6% in August. * Soft inflation adds pressure on BOJ to ease further. By Leika Kihara.

  • Japan August consumer inflation eases to 2-yr low in blow to BOJ

    * August nationwide core CPI +0.5%, matches forecast. * Index excluding oil, fresh food +0.6% in August. * Soft inflation adds pressure on BOJ to ease further. By Leika Kihara.

  • Japan Aug core CPI rises 0.5% yr/yr

    Japan's core consumer prices rose 0.5% in August from a year earlier, government data showed on Friday. The core consumer price index, which includes oil products but excludes fresh food prices, compared with economists' median estimate for a 0.5% annual gain. Stripping away the effect of fresh food and energy, consumer prices rose 0.6% in August from a year ago.

  • Argentina's Economy Contracts, as Joblessness Rises

    Argentina's economy contracted again in the second quarter while unemployment rose, as the country was slammed by galloping inflation, government austerity and high interest rates. Argentina's gross domestic product shrank a seasonally adjusted 0.3% from the first quarter, the fourth contraction in five quarters, statistics agency Indec said Thursday, though it expanded 0.6% from a year earlier. Indec revised the first quarter figure to unchanged from the fourth quarter...

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