economy

UPDATE 1-ECB to stay on course to curb stimulus as economy ticks over – UK Money News

(Updates with markets) By Balazs Koranyi and Francesco Canepa FRANKFURT, Sept 13 (Reuters) – The European Central Bank looks all but certain on Thursday to firm up plans to end bond purchases this year and raise interest rates next autumn, arguing that the euro zone economy has enough momentum to expand unsupported after years of stimulus. With inflation rebounding and growth levelling off at a relatively healthy pace, the ECB has been gently removing stimulus for months in the belief…

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Message To Trump: Mexican Influx Due To U.S. Corporate Destruction Of Their Economy

Donald Trump Trump complains about migrants, but rather than blaming the victim, Donald Trump should instead be blaming himself and his corporate buddies on both sides of the aisle for being the architects of all this influx of migrants. But for Trump and his cohorts to learn anything and then actually change policies is unlikely to happen as they are determined it seems to destroy the world’s communities for their own financial benefit. Yet, Donald Trump should learn something about…

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Swiss economy overcomes trade tensions to grow faster…

Swiss economy overcomes trade tensions to grow faster than expected By Reuters Published: 05:49 EDT, 6 September 2018 | Updated: 05:49 EDT, 6 September 2018 By John Revill ZURICH, Sept 6 (Reuters) – Switzerland has so far dodged the impact of rising international trade tensions, its government said on Thursday, as the country reported its fastest annual economic upswing in eight years. A booming manufacturing sector and strong exports were the foundation for an annual GDP growth rate of 3.4…

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India Post bank to push financial inclusion, boost rural economy: Prasad – Canindia News

Kolkata, Sep 1 (IANS) Union Minister Ravi Shankar Prasad on Saturday said the operations of the India Post Payments Bank (IPPB) will strengthen the financial inclusion programme in India and make country’s “village systems” stronger. The Department of Posts is rolling out 650 branches and 3,250 access points of IPPB across India from Saturday and it aims to provide banking services to every citizen of India by leveraging the network of 1.55 lakh post offices of the department. Of this,…

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Berlusconi drops from 10 richest Italians list as economy evolves toward exports –China Economic Net

For only the second time since the early 1990s, Silvio Berlusconi, the billionaire media tycoon who was Italian prime minister four times, is not among the ten richest people in Italy — a retreat analysts said was due to the rise of owners of export-driven companies. Don’t feel bad for Berlusconi, 81, who still checks in at number 11, with a net worth of around 3 billion euros (3.5 billion U.S. dollars), according to the list compiled by the Milan…

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Turkey’s lira turmoil could herald a global financial crisis | Business & Economy

As Greece exits its third bailout and the world commemorates the 10th anniversary of the collapse of Lehman Brothers amid the longest bull run in US stock market history, it may be tempting to think that the global financial crisis is now well and truly behind us. And yet, in the bewildering world of international finance, as in any ordinary casino, the appearance of an uninterrupted winning streak often turns out to be deceiving. Investors and policymakers learned this the…

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As German economy powers on, finance ministry enjoys…

As German economy powers on, finance ministry enjoys fiscal largesse By Reuters Published: 03:14 EDT, 24 August 2018 | Updated: 07:54 EDT, 24 August 2018 By Joseph Nasr and Jan Schwartz BERLIN/HAMBURG, Aug 24 (Reuters) – All sectors of the German economy grew in the second quarter, data showed, with robust domestic activity helping to cushion against risks to exports from an uncertain global trade outlook. Construction and state spending expanded the most, both up 0.6 percent quarter on quarter…

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Indian economy expected to grow by 7.5% in 2018: Moody’s – Canindia News

Mumbai, Aug 23 (IANS) Global credit ratings, research, and risk analysis firm Moody’s Investors Service expects the Indian economy to grow by around 7.5 per cent in 2018 and 2019. However, the company expects the country’s economy to grow at a higher rate of 7.7 per cent in the first quarter of 2018. “We expect the Indian economy to grow around 7.5 per cent in 2018 and 2019. Economic activity grew by 7.7 per cent in the first quarter of…

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Trump demands Fed help on economy, complains about…

By Jeff Mason and Steve Holland WASHINGTON, Aug 20 (Reuters) – U.S. President Donald Trump said on Monday he was “not thrilled” with the Federal Reserve under his own appointee, Chairman Jerome Powell, for raising interest rates and said the U.S. central bank should do more to help him to boost the economy. In the middle of international trade disputes, Trump in an interview with Reuters also accused China and Europe of manipulating their respective currencies. American presidents have rarely…

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National Funding CEO Warns Against Complacency in Improved Economy

A small business funding expert is cautioning small business borrowers to remain just as diligent in assessing the different credit options available in the improving economic climate. David Gilbert is the CEO of National Funding, a small business funder that began with equipment leasing in 1999 before growing to offer merchant cash advances, small business loans and merchant services such as credit and debit card processing and gift cards. Mr. Gilbert said with unemployment and delinquencies low and all major…

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US can’t force trade rules on others, Germany must invest more in Iran – economy minister

Washington cannot dictate trade rules to others, Germany’s economy minister said, adding that his country should be more assertive and defy American sanctions – particularly by investing more in Iran. “We don’t let Washington dictate [their will] on trade relations with other countries,” German Economy Minister Peter Altmaier told Bild newspaper on Saturday. He said the US sanctions on Iran are one instance in which America’s neglect of its partners are clearly shown. Therefore, Germany and other European countries should…

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CWC expresses concern over economy, tax terrorism, unemployment – Canindia News

New Delhi, Aug 4 (IANS) The Congress Working Committee (CWC) on Saturday expressed concern over the poor state of economy, ‘tax terrorism’ and unemployment, noting that agrarian distress has become a hallmark of the Modi government. “CWC noted with anguish over the poor state of economy and tax terrorism that prevails today in the country. Government has discovered the virtues of pre-liberalised regime moving towards a system of tax terrorism control and ‘licence raj’. “Gross Fixed Capital Formation, the biggest…

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Digital Economy Task Force holds 2nd meeting

Representatives from G20 member and guest countries, together with other global experts, discussed issues related to digital transformation and prepared recommendations on inclusive development at the recent second meeting of the Digital Economy Task Force (DETF) in Buenos Aires, Argentina. “We are building and bolstering the digital agenda with a focus on inclusive development,” said Rudi Borrmann, under-secretary of Public Innovation and Open Government at the Argentine Ministry for Modernization and chair of the DETF. The meeting took place at…

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