Economics News Results

  • Britain's Labour Party looks to move some BoE functions away from London

    Britain's Labour Party is considering moving some of Bank of England's functions to Birmingham, from its current home in Threadneedle Street in the City of London, according to an interim report on the British financial system released on Sunday. Launched by the opposition Labour Party's finance policy chief John McDonnell, the report was led by consultants GFC Economics.

  • Americans Give Trump Higher Grades on Economy Than Overall

    Although President Donald Trump's overall approval ratings have hit record lows, he is getting significantly higher marks in one important area: his handling of the economy. With the U.S. unemployment rate holding at a 17- year low, hiring strong and the stock market hitting regular records, Mr. Trump is getting stronger reviews from the public on the economy, with 42% approving and 37% disapproving, according to the most recent Wall Street Journal/NBC News survey, conducted in...

  • Egypt's inflation falls to lowest this year

    Egypt's inflation in November fell to a 2017 low a year after the country floated its pound currency as part of a $12 billion International Monetary Fund deal to boost the economy. Inflation has shot up since the pound's flotation last November, reaching a record high in July on the back of energy subsidy cuts, but has gradually eased since.

  • Iran's Rouhani submits conservative 2018 budget as US tensions overshadow economy

    Iranian President Hassan Rouhani proposed to parliament on Sunday a conservative state budget of about $104 billion for next year, with the outlook for the economy and state revenues clouded by tensions with the United States. Rouhani announced a draft budget for the Iranian year starting next March 21 of 3,681 trillion rials, excluding the spending of state enterprises.

  • Egypt's annual urban consumer price inflation falls to 26 pct in Nov -CAPMAS

    Egypt's annual urban consumer price inflation fell to 26 percent in November from 30.8 percent in October, the official statistics agency CAPMAS said on Sunday. Inflation shot up in Egypt after the country floated the pound currency in November last year, reaching a record high in July on the back of energy subsidy cuts.

  • China Nov CPI +1.7% on Year; Market Expected +1.8%

    BEIJING--China's consumer inflation eased in November on bigger falls in food prices, official data showed Saturday. China's consumer-price index increased 1.7% in November from a year earlier, compared with a 1.9% gain in October, the National Bureau of Statistics said. Food prices fell 1.1% from a year earlier, declining for the 10th- straight month, after dropping 0.4% in October.

  • China Nov CPI rises 1.7 y/y; PPI up 5.8 pct y/y, below forecasts

    China's consumer inflation slowed more than expected to 1.7 percent in November, official data showed on Saturday. The annual consumer price index had been expected to rise 1.8 percent compared with an increase of 1.9 percent in October.

  • Strong U.S. job growth in November bolsters economy's outlook

    U.S. job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate.

  • DIARY - Today in Washington - Dec 11

    ALL TIMES IN EST/GMT. ------------------------------------------------------- 1000/1500: The Labor Dept. issues Job Openings and Labor Turnover Survey for October. 1100/1600: The USDA releases weekly U.S. export inspections for grains, oilseeds. 1000/1600: The Treasury Dept. announces weekly sale of 4-week bills. 1130/1630: The Treasury Dept. sells 6-month bills and 3-year notes.

  • Dollar sees choppy trade after payrolls data

    By Sara Sjolin, MarketWatch, Anneken Tappe. Euro-sterling hits 6- month low on Brexit breakthrough. The U.S. dollar saw choppy trading after the release of November nonfarm payrolls, which beat consensus estimates, while average hourly wage data disappointed.

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