Latest and Breaking Economics News and Top Stories - July 4
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Police say 26 people have been arrested during the Numsa strike in Gauteng for intimidation, public violence and malicious damage to property.
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The Queen names the Royal Navy's biggest ever ship the HMS Queen Elizabeth
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Most experts believe that this Budget is going to be more of a directional one, but a few feel Arun Jaitley will announce some big bang reforms.
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Anyone hoping for a resolution of the biggest economic conundrum of modern times will have to wait. What is the conundrum you ask? Simple: whether or not extreme adverse weather is positive or negative for GDP. Recall that in the afterma...
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The association also asked the government to implement the Goods and Services Tax (GST) reforms.
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China, the world's largest coal buyer, imported 24.01 million tonnes of coal in May, down 11.4 percent from April, figures from the General Administration of Customs of China showed.
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Foreign currency assets (FCAs), a major constituent of the overall reserves, rose USD 850.9 million to USD 288.812 billion in the period under review, the Reserve Bank said in its weekly statement today.
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Rajan took the reins from Subbarao amid a challenging environment of sluggish growth, stubbornly high inflation and a currency at its weakest level in history.
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The Islamic State declared an Islamic caliphate straddling Iraq and Syria in early July.
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A double-digit demand plus the losses suffered due to Numsa's strike could have a disastrous effect on industry, says the plastics convertors association of SA.
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It was precisely 6 months ago, on January 3, when JPM, blissfully unaware of the powerful snowstorms that were raging outside its office, a condition which would later be branded with the technical economic term " harsh weather ", predic...
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The incorporated womanCompanies make huge amounts of money from harvesting personal data. In response, an artist is trying to regain control of her own data by turning herself into “Jennifer Lyn Morone™ Inc”, a fully registered company i...
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Paswan also asked state governments to enforce the Act effectively against hoarders and black marketers to boost supply and check prices.
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The pharmaceutical industry has looked a bit peaky since economic crisis.
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Striking engineering and metal workers and employers are "not very far from each other" on a wage deal, says Numsa general secretary Irvin Jim.
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The SA Chamber of Commerce and Industry says the strike in the metals and engineering industries is economically and socially worrying.
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July 4th may be a US national holiday, which means the S&P 500 won't hit a record high on good news and a recorder high on bad, but judging by global trading volumes - already abysmal heading into today - one may as well give the ent...
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German economic data in the week to 4 July generally surprised on the downside.
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Knight Frank says spiralling London house prices spilling out to surrounding countryside.
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The government is free to levy higher export duty when global prices are higher. Similarly, it should consider charging less when the price of the input is on the lower side, says Company's Vice President A N Joshi.
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Striking union Numsa has rejected an increased wage offer and there have been "serious incidents of violence" by strikers, says employers' group Seifsa.
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Frederic Neumann, co-head of Asian Economic Reforms, HSBC, discusses his views and expectations from the Budget and Modi government.
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In FY14, 2,680 households in Trimbakeshwar received employment under the scheme, down from the 3,630 households in FY13. One big reason for this is delayed payments.
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Energy prices in Egypt among the lowest in the world thanks to state subsidies.
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Chris Bradshaw, of Autodesk, tells IBTimes UK that the internet has revolutionised education.
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EU's Gunther Oettinger said European countries have right to sell on Russian gas.
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The EU has said that it has asked to see official documents from Luxembourg.
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The new government is looking at keeping certain forested areas out of bounds for mining and other activities that could cause irreversible damage but leave the rest open for economic activity.
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Sources said the ministry wants the CCPA to consider recommendations of an expert panel headed by former Planning Commission member Kirit S Parikh.
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Recovery threatened by higher interest rates as households redirect spending to debt repayments.
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New car sales have seen a 'strong' first half of the year, rising 10.6% to 1.28m, the Society of Motoring Manufacturers (SMMT) has said.
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Labour Minister Mildred Oliphant will meet with striking metalworkers and industry employers in an attempt to end a wage dispute that has turned violent.
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He said the formula that provides for cost plus 50 percent remuneration to the farmers as the basis of fixation of MSP for agricultural crops should be looked into during the process of finalisation of Union Budget for 2014-15.
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Registrations for alternatively-fuelled vehicles rose 51.3% to 23,337 units year-to-date
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Mark McFarland, Chief Economist, RBS Wealth Division believes that the government needs to look at ways to reduce subsidies as it will give them more funding to use elsewhere.
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The country's construction sector needs massive transformation, says Public Works Minister Thulas Nxesi.
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SOFIA (Reuters) - One worker at Bulgaria’s Corporate Commercial Bank knew panic was setting in when she spotted colleagues among the anxious depositors lined up to withdraw cash from the troubled...
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Parts of Greece have been hit by power cuts after electricity workers began one of a series of 48-hour strikes.
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Japanese automaker Toyota says its business has not been impacted by a strike that has hit the supply of components to the local industry.
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Survey shows that Asia continues to dominate in world trade.
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Census data show San Marcos, Texas, is the U.S.'s fastest growing city. Students make up many of the 10,000 people who've moved there since 2010, pushing the population from 45,000 to over 54,000.
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Home Affairs Minister Malusi Gigaba says the impact of new immigration regulations are open to further engagement to protect the economy from any harm.
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China has approved a $8.06bn plan to build an inter-city rail network as it looks to improve transport links in its less-developed inland regions.
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Open-ended strike continues after union rejects pay increase offer
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Peoples' Bank of China has signed memorandum of understanding with Bank of Korea for renminbi clearing house in Korean capital.
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US auto giant GM has suspended production at its main South African assembly plant in Port Elizabeth because of a strike at components suppliers.
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Stating that prices of some food items increase every year during the July-December period due to hoarding, Jaitley said: "There are reports of below normal monsoon this year. Hoarders are taking advantage of the situation."
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Rally in recent weeks and steadily increasing buyside speculative positions in GBP raise reversal risks
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Economy minister Axel Kicillof has confirmed that Argentina would enter talks with mediator 'Special Master' Daniel Pollack over the legal battle currently raging between the nation and holdout hedge funds as 'vulture funds', while clari...
