Economy and Policy

  • A combination of French political worries, rebounding growth data and progress on Greece's bailout talks tugged euro zone bond markets in all directions on Tuesday. Short-dated German bond yields -- in high demand due to a shortage created by the European Central Bank's bond-buying scheme -- sank to a new record low with …

  • Eurozone private sector and manufacturing growth unexpectedly accelerated to near a six-year high in February and job creation reached its fastest since August 2007, propelled by strong demand and optimism about the future, a survey found. IHS Markit's eurozone flash composite Purchasing Managers' Index, seen as a good …

  • FILE PHOTO - The HSBC bank logo is pictured at a branch office at the Paradeplatz in Zurich

    HONG KONG/LONDON (Reuters) - HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates as the British bank took hefty writedowns from restructuring and pointed to brakes on revenue growth. HSBC shares slid more than 6 percent after the company reported revenues fell by …

  • FILE PHOTO - People are seen reflected in a window as they look out from an observatory in Singapore

    Singapore's proposed plan to tax greenhouse gas emissions would likely hit oil refiners hard, ramping up costs in an industry that has been central to the city-state's rapid development over the last half-century. Monday's announcement that a carbon tax on direct emitters is slated to be introduced from 2019 indicates …

  • FILE PHOTO: Wang Jianlin, chairman of the Wanda Group, speaks during an interview in Beijing

    BEIJING/SHANGHAI (Reuters) - Chinese conglomerate Dalian Wanda's proposed $1 billion purchase of Hollywood's Dick Clark Productions Inc is under pressure but is not yet over, sources told Reuters, amid high U.S.-China tensions and tight scrutiny by Beijing on outbound deals. Online entertainment news website The Wrap reported …

  • The likelihood of more monetary stimulus in Japan is diminishing, according to a Reuters poll of economists who were largely split on the central bank's next policy move, signalling a possible turning point in expectations for its easing cycle. The latest Reuters survey of economists conducted Feb. 13-17 showed the outlook …

  • FILE PHOTO: Donald Trump holds three bars of gold bullion

    In addition, Fed Board Governor Jerome Powell speaks on Wednesday, when minutes of the last policy meeting are also due. Spot gold fell 0.4 percent to $1,233.21 per ounce by 0550 GMT, while U.S. gold futures lost 0.4 percent, at $1,234.60. "People are awaiting direction from the minutes of the last FOMC (Federal Open …

  • Greece and its international lenders agreed on Monday to let teams of experts work out new reforms to Greek pensions, income tax and labour market that would allow Athens to eventually qualify for more cheap loans, euro zone officials said. Greece needs a new tranche of financial aid under its 86 billion euro bailout by …

  • FILE PHOTO: A Chinese national flag flutters outside the headquarters of the People's Bank of China, the Chinese central bank, in Beijing, China

    China's central bank said on Tuesday that it will extend a preferential scheme for some banks that will free up additional funds for lending, as long as they channel money to weaker, cash-starved sectors of the economy. The statement confirmed a Reuters report on Monday that the central bank is extending a programme that …

  • Floor traders at work during the launch of Shenzhen Connect at the Hong Kong Exchanges in Hong Kong

    Asian stocks held ground on Tuesday though Chinese equities surged to a fresh 2-1/2 month high as domestic funds piled into financial counters on expectations the world's second biggest economy may have turned a corner. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.2 percent on Tuesday and held below …

  • Euro zone finance ministers will discuss on Monday what reforms Greece must make to release new loans from the bloc's governments and get the International Monetary Fund to join the bailout. If the ministers reach an agreement, they will dispatch to Athens a mission of experts from the European Commission, the European …

  • Greek pensioner Dimitra says she never imagined a life reduced to food handouts: some rice, two bags of pasta, a packet of chickpeas, some dates and a tin of milk for the month. At 73, Dimitra - who herself once helped the hard-up as a Red Cross food server - is among a growing number of Greeks barely getting by. Now …

  • A Vauxhall dealership advertises a sale on its vehicles near the Vauxhall plant in Luton

    BERLIN/LONDON (Reuters) - Initial talks between the German government and carmakers PSA and General Motors have led to some encouraging signs that jobs at Opel factories will be preserved, though no guarantees have been made yet, a top official said on Monday. In contrast, a source close to Britain's biggest trade union …

  • Mumbai, Feb 20 (IANS) Cement major Ambuja Cement on Monday reported a rise of 60 per cent in its standalone net profit for the quarter ended December 31, 2016. The company informed the BSE, that its net profit during the quarter under review increased to Rs 175.88 crore from Rs 109.96 crore. "Our rapid adoption of cashless …

  • People make their way past the National Bank of Greece headquarters in central Athens

    Euro zone finance ministers and Greece agreed on Monday to resume negotiations over its bailout review next week, and to be concluded swiftly afterwards, a Greek government official said. "The agreement includes the inviolable condition that was set by the Greek side for not even one euro more of austerity," the government …

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