Latest and Breaking Economics News and Top Stories - July 8
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FEW would challenge the proposition that human capital is fundamental to economic growth. Yet much evidence suggests that during what is arguably the most important era of growth—the Industrial Revolution—human capital had little bearing...
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Manufacturing output in the UK fell by 1.3% in May, official figures show, much weaker than expected and the biggest decline since January 2013.
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M&S AGM underway - highlights start here ONS: Manufacturing output down 1.3% in May Pound hit. What the analysts say Earlier: M&S reports another fall in clothing sales - the details Web sales down 8.1% (!) Coming up: Will shareh...
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Falling manufacturing output drives wider drop in production, but recovery not at risk.
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SEOUL (Reuters) - South Korea's nominee finance minister nominee vowed on Tuesday to focus on boosting consumer spending and corporate investment to bolster a sagging economy, but stopped short of...
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Fall of 1.3% in output represents biggest drop in 16 months and leaves economists and analysts baffled Britain's factories appeared to down tools in May, resulting in a surprise fall in output which could affect the economic recovery in ...
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If Modi has read the tea leaves correctly, he has to realise that he has no option but to fight on, to move forward with reforms, make the necessary political changes and opt for a tough budget.
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PARIS (Reuters) - OECD sees slowing or stable growth in emerging economies flat in major developing economies with the exception of India while the outlook for most developed economies is stable and...
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BRUSSELS (Reuters) - Italy and its allies will receive no special treatment when EU budget rules are enforced, the influential chairman of euro zone finance ministers said on Tuesday, drawing battle...
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From using more bio-fuels to summer internships to Wi-Fi at all 'A' category stations to bullet trains, Railway Minister Sadananda Gowda maiden Rail Budget was music to the ears of all the well-wishers of India's largest employer.
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The announcement comes at a time when the power plants across the country are facing fuel shortages.
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BRUSSELS (Reuters) - Italy and its allies will receive no special treatment when EU budget rules are enforced, the influential chairman of euro zone finance ministers said on Tuesday, drawing battle...
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Surveys show consumers tend to seek travel money from bureau de change booths in preference to banks because the rates are better.
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Jaijit Bhattacharya of KPMG India feels the Rail Budget has something for all its stakeholders without being populist.
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ROME (Reuters) - The Italian government's sale of 40 percent of the postal service Poste Italiane will take place after November, the company's president said on Tuesday in the latest indication that...
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In May, the Petroleum Ministry had stopped supply of 0.75 million standard cubic meters per day of domestic gas to Deepak Fertilisers on grounds that the private firm was using the cheaper fuel to manufacture market price crop nutrients ...
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BEIJING (Reuters) - China will provide the initial money for a railway fund, which will be open to private investors to help better finance the sector's expansion, according to rules published on...
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EU to announce targets on Wednesday as Obama and Hollande say Russia must stop destabilising Ukraine.
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Turkish officials say key economic ministers will stay in post even if Tayyip Erdogan becomes president next month.
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JAKARTA/TORONTO (Reuters) - Six months into a dispute with Indonesia's government that has halted copper exports, two U.S. mining giants are using very different tactics in a bid to resume shipments...
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ZURICH (Reuters) - Swiss consumer prices were unchanged in June from a year ago, data showed on Tuesday, underscoring the need for the central bank to maintain its cap on the Swiss franc.
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BEIJING (Reuters) - The World Bank expects China's economy to grow 7.6 percent this year before cooling a shade to 7.5 percent next year, World Bank Group President Jim Yong Kim told reporters on...
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Britain's Finance Minister George Osborne says India is seeking more investment and he wants British companies to provide it.
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Indian Railways will borrow less at Rs 11,790 crore from market through its two companies IRFC and Rail Vikas Nigam Ltd for capital expenditure during 2014-15.
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PARIS (Reuters) - France's main teachers' union became the third on Tuesday to boycott a labour summit hosted by President Francois Hollande's government in a bid to kickstart job creation.
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British Chambers of Commerce says firms still struggling to get credit from banks.
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FDI only in infrastructure and not operations, says railway minister Sadananda Gowda.
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The congressional candidate is only the latest proponent of the tricky relationship between religion and the free market.
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The ANC was keener to avoid losing political points than resolve SA's worst strike.
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A Nicaraguan committee has approved a proposed route for a $40bn shipping channel across the Central American country that would compete with the Panama Canal.
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Railway Minister Sadananda Gowda focused on e-ticketing in his Railway Budget today.
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BEIJING (Reuters) - China will lower anti-dumping duties on U.S. chicken products from Wednesday in the wake of last year's ruling against Beijing by the World Trade Organization in a four-year-old...
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Proposed Nicaragua Canal to compete with 100-year-old Panama Canal.
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Greece's newly appointed central bank chief says political uncertainty around a presidential election set for 2015 is the main risk to the debt-laden country.
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British firms are upping salary offers for new permanent staff at the fastest rate in almost 17 years as the pool of suitable candidates dwindles rapidly.
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Holders of restructured Argentine bonds took to Belgian courts against Euroclear and the Bank of New York last week over their failure to pay out Argentina’s deposit, newspaper Tiempo Argentino (*) reported, citing court documents signed...
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Booming demand for food in China's cities is worsening water shortages in arid northern provinces, adding to the country's environmental problems.
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Elliott Management portfolio manager Jay Newman has revealed that the holdout hedge fund would be willing to give the Argentine government more time to negotiate following the nation's reverse in the US Supreme Court, while criticizing E...
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NEW DELHI (Reuters) - The bulk of India's future railway projects will be financed through public-private partnerships, the country's railways minister said on Tuesday, in a bid to modernise the vast...
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Argentine Economy Minister Axel Kicillof held Monday afternoon a meeting that lasted almost four hours with the Special Master appointed by US Judge Thomas Griesa, Daniel Pollack, and requested that an injunction allowing Argentina to pa...
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NEW DELHI (Reuters) - India plans to spend 654.5 billion rupees ($10.95 billion) on its railways in 2014/2015, the government said in its railway budget on Tuesday.
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GELSENKIRCHEN Germany (Reuters) - German trade union IG Metall has reached an agreement with steel companies to raise the pay of 75,000 workers in northwestern Germany by 4 percent in two steps,...
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Britain's economy has kept growing at a robust rate, but exports and business investment weakened, clouding the prospects for a balanced recovery.
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SINGAPORE (Reuters) - Singapore sovereign investor Temasek Holdings Pte Ltd [TEM.UL] said on Tuesday it intends to keep investing in Chinese banks even as it reported a slowdown in its portfolio...
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Sadananda Gowda's maiden Railway Budget 2014 received mixed response from experts. The focus on completion of the ongoing projects rather than introduction of new projects, though, was commendable
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Every year, money transfer brokers help Somali-Americans send more than $200 million to family members in Somalia. But one of the few banks to support that process will soon back out.
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This entertaining book offers one of the best explanations for the financial crisis that I have read When it comes to the dismal science of economics, I know how much change to expect from a fiver when buying a Creme Egg , but anyt...
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USD/CAD had been trading higher since 3 July despite the better than expected trade and building permits data released since then.
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Rail Minister Sadananda Gowda announced more recruitment in the Railway Protection Force (RPF), including hiring 4,000 women RPF constables.
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BERLIN (Reuters) - German exports and imports dropped much more than expected in May, data showed on Tuesday, coming on the heels of other soft indicators that have signalled Europe's largest economy...
