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Economy

Beancounting: the EU’s “coffee-a-day” new budget

FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, March 12, 2018. REUTERS/Yves Herman/File Photo April 30, 2018 By Alastair Macdonald BRUSSELS (Reuters) – The European Commission will unveil proposals on Wednesday for the Union’s next seven-year budget, starting in 2021. Worth over a trillion euros (dollars), the costs of […]

Amazon, Apple weigh on Nasdaq

A woman passes by the Nasdaq Market Site in Times Square in New York City, U.S., February 7, 2018. REUTERS/Brendan McDermid March 28, 2018 By Sruthi Shankar (Reuters) – The Nasdaq Composite index fell on Wednesday, dragged down by losses in Amazon and Apple, while gains in healthcare stocks propped up the Dow and the […]

New German transport minister says he’s no buddy of auto bosses: Bild

March 16, 2018 BERLIN (Reuters) – Germany’s new transport minister said on Friday he was no “buddy” of car industry bosses, but a friend of production line workers and drivers who opposes bans for diesel vehicles and forcing manufacturers to refit cars. Andreas Scheuer, sworn in as minister this week, also told Bild newspaper that […]

Britain urges EU to work jointly on Brexit deal, won’t undercut rivals

Britain’s Secretary of State for Exiting the European Union David Davis delivers a speech in Vienna, Austria, February 20, 2018. REUTERS/Heinz-Peter Bader February 20, 2018 By Francois Murphy VIENNA (Reuters) – Brexit minister David Davis said on Tuesday Britain and the European Union could reach a deal to access each others’ markets and dismissed fears […]

ECB concerned about U.S. political influence on exchange rates: Nowotny

European Central Bank (ECB) Governing Council member and OeNB governor Ewald Nowotny addresses a news conference in Vienna, Austria, June 9, 2017. REUTERS/Leonhard Foeger February 11, 2018 ZURICH (Reuters) – The European Central Bank is concerned that the United States is exerting “political influence” on exchange rates and will make this a theme at upcoming […]

Euro hits three-year high as bullish bets hit record level

FILE PHOTO: A picture illustration of U.S. dollar, Swiss franc, British pound and Euro bank notes January 26, 2011. REUTERS/Kacper Pempel/Illustration/File Photo January 15, 2018 By Tommy Wilkes LONDON (Reuters) – The euro rose to a three-year high against the dollar on Monday, fueled by growing economic optimism in the euro zone and expectations that […]

China, UK vow to bolster economic cooperation, speed up stock connect plan

Britain’s Chancellor of the Exchequer Philip Hammond and Chinese Vice Premier Ma Kai attend the UK-China Economic Financial Dialogue at the Diaoyutai State Guesthouse in Beijing, China December 16, 2017. REUTERS/Fred Dufour/Pool December 16, 2017 By Ben Blanchard BEIJING (Reuters) – China and Britain have vowed to continue and strengthen cooperation on a wide range […]

South Africa to outline ‘decisive’ policy in 2018 after ratings cut

FILE PHOTO: A view shows the Standard & Poor’s building in New York’s financial district February 5, 2013. REUTERS/Brendan McDermid November 25, 2017 JOHANNESBURG (Reuters) – South Africa will use its annual budget next year to outline “decisive” policy to strengthen its fiscal framework, the finance ministry said on Saturday after S&P Global Ratings cut […]

Japan’s economy set to show seven straight growth quarters

FILE PHOTO – People are seen at a market street in Tokyo, Japan, January 23, 2017. REUTERS/Kim Kyung-Hoon/File Photo November 10, 2017 By Kaori Kaneko TOKYO (Reuters) – Japan’s economy was expected have grown for a seventh straight quarter in July-September, a period of unbroken expansion last seen between 1999 and 2001, a Reuters poll […]

Dollar edges up ahead of Fed decision; kiwi jumps on strong jobs data

FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. REUTERS/Dado Ruvic/Illustration/File Photo November 1, 2017 By Lisa Twaronite TOKYO (Reuters) – The dollar edged higher on Wednesday as investors awaited the outcome of the Federal Reserve’s policy meeting for clues about future tightening, while the beleaguered New Zealand dollar came […]