Economics News Results

  • Canada retail sales post weaker-than-expected growth in June

    Canadian retail trade grew less than expected in June, edging up 0.1 percent after three months of solid growth, pulled down by declines in sales of autos and gas, Statistics Canada data indicated on Tuesday. Analysts in a Reuters poll had predicted a 0.3-percent advance in retail trade.

  • Norway's Sovereign-Wealth Fund Closes In on $1 Trillion Valuation -- Update

    Norway's sovereign-wealth fund, the world's biggest, continued its march toward a $1 trillion valuation after the best half-year return in its history. The fund announced a 2.6% return on its investments in the second quarter of this year, helped by a solid performance from its stock-market portfolio. Norges Bank Investment Management, the arm of the central bank that manages the fund, said Tuesday the quarterly return equated to 202 billion Norwegian kroner.

  • Dollar recovers though hemmed in ahead of potential rate clues from Fed's Jackson Hole retreat

    A resurgent dollar scratched its way higher against chief rivals on Tuesday although in relatively thin trading conditions ahead of what could be refreshed perspective on global interest rates this week when the Federal Reserve hosts policy makers at its annual Jackson Hole, Wyo., retreat. The dollar struggled for much direction to start the week as investors trained their attention on political tensions, including a refocus on drama on the Korean Peninsula.

  • Can the U.S. Scrap Its Trade Deal With South Korea? -- Update

    SEOUL--The U.S. and South Korea wrapped up fruitless talks over a trade agreement that protectionist Washington blames for an imbalance requiring the pact's amendment or termination. "Both sides have reached no agreement," Trade Minister Kim Hyun-chong said after the daylong talks ended in Seoul Tuesday. Kim said both sides reaffirmed their opposing views: The U.S. insists on modifying the deal, but South Korea opposes any change without recommendation from an objective joint...

  • German investor morale plunges as emissions scandal bites

    * Economic sentiment index 10.0 in Aug. vs Rtrs poll 15.0. * Index at lowest level since Oct. 2016. * ZEW links plunge to jitters around emissions scandal. By Michael Nienaber and Maria Sheahan. The mood among German investors fell for the third month running in August, a survey showed on Tuesday, linking the drop to an emissions scandal engulfing the country's car industry.

  • FOREX-Euro wilts vs broadly resurgent dollar

    * ECB head Draghi to speak at cbank symposium on Friday. * Bullish euro bets near 5-year highs - CFTC data. * Graphic: World FX rates in 2017 http://tmsnrt.rs/2egbfVh. By Saikat Chatterjee.

  • German Economic Sentiment Drops More Than Expected in August

    FRANKFURT--German economic sentiment fell markedly in August, but the general outlook for Europe's largest economy remains "stable" and relatively solid, the ZEW think tank said Tuesday. The think tank's measure of economic expectations fell to 10 points from 17.5 points in July, which is below the long- term average of 23.8 points. Economists polled by The Wall Street Journal had forecast a decline to 14.0 points.

  • BULLET: MNI: UK CBI AUG TOTAL INDUSTRY ORDER BOOK BALANCE....

    MNI: UK CBI AUG TOTAL INDUSTRY ORDER BOOK BALANCE +13% V +10% JUL UK CBI AUG EXPORT INDUSTRY ORDER BOOK BALANCE +11% V +2% JUL UK CBI AUG INDUSTRY OUTPUT VOLUMES PAST 3M +30% VS +31% JUL UK CBI AUG INDUSTRY OUTPUT VOLUMES NEXT 3M +30% VS +28% JUL

  • Botswana's central bank keeps lending rate at 5.5 percent

    Botswana's central bank left its benchmark lending rate unchanged at 5.5 percent on Tuesday, saying the outlook for price stability was positive with inflation expected to remain with its target range of 3 to 6 percent.

  • German growth remains stable despite high uncertainties - ZEW

    The growth outlook for the German economy remains stable despite uncertainties linked to an emissions scandal, Germany's ZEW institute said on Tuesday after publishing an index which showed investor morale deteriorated for the third consecutive month.

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