Economics News Results

  • Jordan's monarch dissolves parliament in preparation for November election

    Jordan's King Abdullah dissolved parliament on Sunday, officials said, paving the way for an election in November at a time of rising popular discontent over worsening economic conditions and curbs on public freedoms under emergency laws. Under constitutional rules, the government must resign within a week.

  • Jordan's monarch dissolves parliament in preparation for November election: official

    Jordan's King Abdullah dissolved parliament on Sunday, officials said, paving the way for an election in November. Under constitutional rules, the government must resign within a week. In July, Jordan's electoral commission set Nov. 10 as the date for a parliamentary election after the monarch called for countrywide polls to be held at the end of the parliament's four-year term.

  • Jordan's monarch dissolves parliament in preparation for Nov election - official

    Jordan's King Abdullah dissolved parliament on Sunday, officials said, which under constitutional rules means the government must resign within a week, paving the way for elections in November. In July, Jordan's electoral commission set Nov. 10 as the date for parliamentary elections after the monarch called for countrywide polls to be held at the end of the parliament's four-year term.

  • China's industrial profits grow for fourth straight month

    * Industrial profits grow for 4th month in August. * Liabilities roughly steady. * Profits at China's industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said on Sunday.

  • China's Industrial Profit Grew at Slower Pace in August

    China's industrial profit grew at a slower pace in August as the country's export sector faced challenges with the reopening of overseas factories. The country's industrial companies reported a 19.1% increase in profit in August from a year earlier, edging down from July's 19.6%, the National Bureau of Statistics said Sunday. In the first eight months of the year, industrial profit fell 4.4%, the statistics bureau said.

  • China's industrial profits grow for fourth straight month

    Profits at China's industrial firms grew for the fourth straight month in August, buoyed in part by a rebound in commodities prices and equipment manufacturing, the statistics bureau said on Sunday. China's recovery has been gaining momentum as pent-up demand, government stimulus and surprisingly resilient exports propel a rebound.

  • China's industrial profits grow 19.1% y/y in August

    Profits at China's industrial firms grew 19.1% year-on-year in August to 612.81 billion yuan, the statistics bureau said on Sunday, as the vast manufacturing sector extended its recovery from heavy coronavirus shutdowns earlier this year. That compares with a 19.6% increase in July and is the fourth straight month of profit growth.

  • Inflation Is Already Here -- For the Stuff You Actually Want to Buy

    If it feels like the price of everything you buy has been soaring, that's because it has-- even as central bankers everywhere worry about the danger of deflation. The gap between everyday experience and the yearly inflation rate of 1.3% in August is massive. The price of the stuff we're buying is rising much faster, while the stuff we're no longer buying has been falling, but still counts for the figures.

  • Moody's raises Hungary's outlook to 'positive', maintains rating

    Ratings agency Moody's on Friday raised Hungary's sovereign rating outlook to "positive" from "stable," citing the strong recent performance of the economy and improvements in the country's domestic and external debt position.

  • Colombia central bank cuts rate to 1.75%, IMF increases flexible credit line

    Colombia's central bank board cut the benchmark interest rate to a historic low of 1.75% on Friday, in a split decision in line with a narrow majority of analyst predictions, as it continues to bolster the economy amid fall-out from coronavirus.

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