Economic News (3rd Party)

Exclusive: India eyes spending cuts as glitches in new tax hit revenue

Exclusive: India eyes spending cuts as glitches in new tax hit revenue

Published 18/09/2017

India could be forced to cut spending on key infrastructure such as railways and highways as lower-than-expected tax collections and sluggish growth have upset the government's budget calculations, two finance ministry officials said. [more…]

Euro crisis over, Portugal`s investment grade comeback cuts bond yields

Euro crisis over, Portugal`s investment grade comeback cuts bond yields

Published 18/09/2017

Portugal's 10-year bond yield hit its lowest level since January 2016 on Monday, driven by the country regaining an investment grade credit rating after 5-1/2 years, effectively drawing a line under its debt crisis. [more…]

Firm economic growth to ease French budget balancing act: ministers

Firm economic growth to ease French budget balancing act: ministers

Published 18/09/2017

France's economic recovery is strong enough for the government to be able to cut spending and the deficit without growth being affected, the budget and finance ministers said on Monday. [more…]

World stocks reach new peak as Fed-focused week begins

World stocks reach new peak as Fed-focused week begins

Published 18/09/2017

World stocks hit another record high on Monday and the dollar reached an eight-week peak against the yen on expectations the U.S. Federal Reserve will unveil plans this week to trim its bloated balance sheet. [more…]

Staying fit: Japan`s elderly hits record in challenge to labor market

Staying fit: Japan`s elderly hits record in challenge to labor market

Published 18/09/2017

Swinging dumbbells and chewing gum, several elderly Japanese gathered at a shrine in downtown Tokyo on Monday in sweltering temperatures, belying their age and importance in one of the world's most rapidly aging societies. [more…]

Euro zone enlargement call sparks backlash in Germany

Euro zone enlargement call sparks backlash in Germany

Published 15/09/2017

After years of bailing out Greece, the idea of letting more poorer states into the euro zone has sparked controversy, particularly in Germany, where Chancellor Angela Merkel is seeking re-election in two weeks time. [more…]

Greece sees no need for precautionary credit line to exit bailout

Greece sees no need for precautionary credit line to exit bailout

Published 15/09/2017

Greece does not expect it will need a precautionary credit line when it exits its bailout next year, a view that is in line with its official creditors, the finance minister said on Friday after a meeting of euro zone ministers in Tallinn. [more…]

U.S. pensions stuck in the red despite stock market boom

U.S. pensions stuck in the red despite stock market boom

Published 15/09/2017

While U.S. corporate pensions regained some swagger after Wall Street’s record run this summer, they are still far from their heyday before the 2007-2009 credit crunch when they appeared to be in great shape to meet retirement obligations. [more…]

Treasury`s Mnuchin says no tax cut for wealthy

Treasury`s Mnuchin says no tax cut for wealthy

Published 15/09/2017

U.S. Treasury Secretary Steven Mnuchin said on Thursday that the Trump administration's upcoming tax plan will not be aimed at lowering income taxes for the wealthiest Americans. [more…]

Drones destroy child`s drawing in Banksy protest at UK arms fair

Drones destroy child`s drawing in Banksy protest at UK arms fair

Published 15/09/2017

Military drones destroy a child's picture in British graffiti artist Banksy's latest work, the highlight of an anti-war art show in London which protests against one of the world's biggest arms fairs this week. [more…]