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Japan firms ramp up output, signs economy brightening

Factory chimneys are seen at Keihin industrial zone in Kawasaki, south of Tokyo, Japan, August 18, 2016. REUTERS/Kim Kyung-Hoon/File Photo Japan’s factory output rose in November and manufacturers expect to ramp up production in coming months, data showed on W... More »

Japan October core machinery orders rise, beating expectations

Heavy machineries are seen next to a subway train at a construction site in Tokyo, Japan, March 13, 2016. REUTERS/Yuya Shino Japan’s October core machinery orders rose for the first time in three months to beat expectations, government data showed – a tentativ... More »

Euro zone seeks compromise on Greek debt ahead of IMF deadline

Euro coins are seen in front of a displayed Greece flag in this picture illustration, June 29, 2015. REUTERS/Dado Ruvic/File Photo Euro zone finance ministers hope to reach a compromise on Greek reforms on Monday in a final bid to get International Monetary Fu... More »

Greek PM, France`s Hollande discuss Greek bailout review, Cyprus

Greek Prime Minister Alexis Tsipras (L) and French President Francois Hollande attend a European Union leaders summit in Brussels, Belgium October 21, 2016. REUTERS/Stephane De Sakutin/Pool – RTX2PU1R Greek Prime Minister Alexis Tsipras and French President Fr... More »

Germany`s Schaeuble hits back at Brussels in looser-budgets row

German Finance Minister Wolfgang Schaeuble takes questions from reporters during a press conference with Chinese Finance Minister Lou Jiwei (not pictured) at the annual meetings of the IMF and World Bank Group in Washington October 7, 2016. REUTERS/James Lawle... More »

In wake of Trump win, focus may drift back to Fed and inflation

U.S. President elect Donald Trump speaks at election night rally in Manhattan, New York, U.S., November 9, 2016. REUTERS/Mike Segar/File Photo After Donald Trump’s unexpected victory in the U.S. presidential election, investors may refocus in the coming week o... More »

China Oct exports, imports fall more than expected

Cranes are seen above piles of steel pipes to be exported at a port in Lianyungang, Jiangsu province, China, December 1, 2015. REUTERS/China Daily/File Photo China’s exports and imports fell more than expected in October, with weak domestic and global demand a... More »

Atlanta Fed upgrades U.S. fourth-quarter GDP view to 3.1 percent

Shoppers ride an escalator at a Target Store in Chicago, November 25, 201. REUTERS/John Gress The U.S. economy is on track to grow at a 3.1 percent annualized pace in the fourth quarter due to expected stronger consumer spending and equipment investments as we... More »

U.S. jobless claims rise to near three-month high

A job seeker (L) talks with a corporate recruiter (R) as he peruses the man’s resume at a Hire Our Heroes job fair targeting unemployed military veterans and sponsored by the Cable Show, a cable television industry trade show in Washington, June 11, 2013. REUT... More »

Outlook dims for Singapore Inc as economy moonwalks

A man carrying an umbrella passes as storm clouds gather over Shell’s Pulau Bukom oil refinery in Singapore, December 17, 2014. REUTERS/Edgar Su/File Photo During Singapore’s full moon festival last month, employer John Kong was focused more on cost-cutting th... More »

Bank of Korea seen holding in October on household debt risk

The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, July 14, 2016. REUTERS/Kim Hong-Ji South Korea’s central bank is forecast to keep interest rate policy on hold on Thursday as board members weigh the risks from household d... More »

Indonesia Sept inflation picks up to 3.07 percent year-on-year

A vegetable vendor (R) takes money from customer at a morning market in Jakarta, Indonesia, October 3, 2016. REUTERS/Beawiharta Indonesia’s annual inflation rate in September rose slightly from the pace in August, but remained close to near seven-year lows, da... More »

German business morale shrugs off Brexit to hit 28-month high

People walk on a shopping street in the southern German town of Konstanz January 17, 2015. REUTERS/Arnd Wiegmann German business morale rose far more than expected in September, reaching its highest level in more than two years, a survey showed on Monday, sign... More »

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Putin, Obama discuss Syria, Ukraine at G20: Russian agencies

Russian President Vladimir Putin and U.S. President Barack Obama discussed the conflicts in Syria and Ukraine at their meeting on the sidelines of the Group of 20 summit in China’s Hangzhou, Russian media cited the Kremlin spokesman as saying on Monday. More »

Atlanta Fed pares U.S. third-quarter GDP view to 3.5 percent

NEW YORK The U.S. economy is on track to grow at a 3.5 percent annualized rate in the third quarter following weaker-than-expected data on retail sales in July, the Atlanta Federal Reserve’s GDP Now forecast model showed on Friday. The latest third-quarter GDP... More »

Egypt reaches preliminary deal with IMF: government sources

CAIRO Egypt has reached a preliminary agreement with the International Monetary Fund after nearly two weeks of talks to secure a $12 billion lending program and will make an announcement on Thursday, two government sources said. The sources said no deal had be... More »

VW’s Audi posts 2.3 percent rise in July sales

BERLIN Audi (VOWG_p.DE) sold 2.3 percent more cars in July on growing demand for the redesigned top-selling A4 saloon, though kept trailing behind German luxury rivals BMW (BMWG.DE) and Mercedes-Benz (DAIGn.DE). Audi’s global sales increased to 149,400 cars an... More »

Iraq’s oil exports from south rose to 3.2 million bpd in July

BASRA, Iraq Iraq’s oil exports from its southern ports rose to 3.2 million barrels per day (bpd) on average in July, up from 3.175 million bpd in June, as the OPEC nation increased crude production, Iraqi oil officials said. Output at the Luhais field, operate... More »

‘Lop-sided’ euro zone factory growth slowed in July: PMI

LONDON Aug 1 – Manufacturing growth across the euro zone eased in July, a survey showed on Monday, and signs of a sharper slowdown outside powerhouse Germany may add to calls for the European Central Bank to loosen policy again. Markit’s Purchasing Managers’ I... More »

Euro zone economic growth slows in quarter before Brexit

BRUSSELS Economic growth in the euro zone slowed in the second quarter as uncertainty before the British vote to leave the European Union swirled, data showed on Friday, and economists said it could be a sign of future weaker growth. Gross domestic product (GD... More »

Philip Green alone responsible for BHS collapse: UK lawmakers

LONDON Retail tycoon Philip Green’s greed and disregard for corporate governance led to the demise of BHS and the loss of 11,000 jobs, a joint parliamentary committee said, calling the collapse of the British stores group “the unacceptable face of capitalism.”... More »

Slowing China home price rises add to doubts about economy

BEIJING Home price rises in China slowed in June for a second straight month, adding to fears that a construction-led rebound in the economy may not be sustainable. The property market is a key driver of the world’s second-largest economy and a robust recovery... More »

Poll: Taiwan June export orders seen slipping for fifteenth month

TAIPEI Orders for Taiwan’s exports in June probably contracted for the 15th straight month, as sluggish global demand continued to hit the island’s technology products, a Reuters poll showed. Twelve economists surveyed forecast export orders would contract for... More »

China June exports, imports both fall more than forecast

BEIJING China’s exports fell more than expected in June as global demand remained stubbornly weak and as Britain’s decision to leave the European Union clouds the outlook for one of Beijing’s biggest markets. Imports also shrank more than forecast, indicating ... More »

U.S. data point to strong domestic demand, stirring inflation

WASHINGTON U.S. retail sales rose strongly in May as Americans bought automobiles and a range of other goods, even as they paid more for gasoline, suggesting that economic growth was gaining steam despite a sharp slowdown in job creation. Other data on Tuesday... More »

Business inventories rise modestly as sales surge

WASHINGTON, June 14 U.S. business inventories barely rose in April as sales recorded their biggest increase in more than two years, pointing to a slow pace of inventory accumulation that could weigh on economic growth in the second quarter. The Commerce Depart... More »

Import prices post largest gain in four years in May

WASHINGTON, June 14 – U.S. import prices recorded their biggest increase in more than four years in May on rising costs of petroleum and other products, pointing to firming inflation as the drag from a strong dollar and lower oil prices fades. The Labor Depart... More »

Weak U.S. employment report dims prospect of Fed rate hike

WASHINGTON The U.S. economy created the fewest number of jobs in more than 5-1/2-years in May as manufacturing and construction employment fell sharply, which could make it harder for the Federal Reserve to raise interest rates. Nonfarm payrolls increased by o... More »

Pfizer blocks its drugs from use in lethal injections

NEW YORK – Pfizer Inc has taken steps to ensure that none of its products are used in lethal injections, the largest U.S. drugmaker said on Friday. “We are enforcing a distribution restriction for specific products that have been part of, or considered by some... More »

U.S. small business confidence rises from two-year low

WASHINGTON U.S. small business confidence rebounded from a two-year low in April amid growing labor market optimism, supporting views economic growth will regain momentum in the second quarter. The National Federation of Independent Business (NFIB) said on Tue... More »

Sluggish factory activity sets global tone for second quarter

BENGALURU/SYDNEY Asian factories barely grew in April and those in the euro zone did little better despite heavy discounting, setting a sluggish tone on Monday for the global economy in the second quarter. Japanese manufacturing activity shrank last month at t... More »

Teens most drawn to e-cigarettes by online ads

(Reuters Health) – While many forms of e-cigarette advertising increase the odds that teens will try the devices, a new U.S. study suggests that this generation of digital natives is most enticed by promotions they see online. Big U.S. tobacco companies are al... More »

In need of cash, India chases $117 billion in elusive back taxes

NEW DELHI India’s finance ministry is asking for regular progress reports from tax collectors and has set a date for an amnesty to pay off arrears on undeclared domestic assets, as the government intensifies efforts to meet its ambitious deficit target. A seri... More »

Australia retailing, inflation slowdown a red flag for rates

SYDNEY Australian retail sales were surprisingly muted in February, a red flag for hopes that consumer spending could offset global headwinds and keep the economy accelerating through the first half. Combined with a very subdued private-sector reading on infla... More »

U.S. spends $3 billion a year on unused cancer drugs

(Reuters Health) – U.S. doctors and hospitals throw out almost $3 billion (roughly 2.7 billion euros) in unused cancer drugs each year because the medicines come in supersized single-use packages and excess medicine must be discarded for safety reasons, a rece... More »

Iran plays hardball with European oil buyers, slowing exports

LONDON Iran has managed to sell only modest volumes of oil to Europe since the lifting of sanctions seven weeks ago and several former buyers are staying away, citing legal complications and Tehran’s reluctance to sweeten terms to win back customers. Tehran ha... More »

Japan factory output rises fastest in a year, outlook uncertain

TOKYO Japan’s industrial output rose the most in a year in January, tentatively signaling a pick up in factory activity, but the outlook remains far from assured given global market jitters and weakening demand both at home and abroad. The 3.7 percent month-on... More »

GDP data to show economy racing, realities less rosy

NEW DELHI India will release data on Monday showing it remains one of the fastest growing economies in the world, but economists are struggling to reconcile that rosy picture with ground realities like weak exports, investment, and flat corporate order books. ... More »

China shares end lower, taking 2016 losses to $1.8 trln

SHANGHAI Chinese highly volatile shares ended lower again on Wednesday after plunging on Tuesday, taking losses in 2016 to about 22 percent or 12 trillion yuan ($1.8 trillion). The benchmark Shanghai Composite Index ended down 0.5 percent, having been up in th... More »

Australia inflation restrained, no trigger on rates

SYDNEY Australian price pressures remained restrained last quarter as underlying inflation slowed to the very bottom of policy makers’ target range, offering the scope but not necessarily the trigger for a cut in interest rates. Key measures of underlying infl... More »

Euro zone economic growth stable, China stabilizing: OECD

PARIS Economic conditions are stabilizing in China and the outlook is for steady growth in the euro zone, while the U.S. and UK economies are losing steam, the Organisation for Economic Co-operation and Development said on Monday. The Paris-based OECD said tha... More »

Ever so slowly, the euro zone economy awakes

LONDON Moribund. Decrepit. Sclerotic. Popular words to describe the economy shared by the 19 countries of the euro zone – but perhaps no longer apt. Very slowly – and primarily because of massive stimulus from the European Central Bank – the euro zone is showi... More »

Russia says IMF’s decision on Ukraine debt changes nothing

BEIJING The International Monetary Fund’s decision on Ukraine’s debt to Russia did not change anything to Moscow, Russian Deputy Finance Minister Sergei Storchak told reporters in Beijing on Thursday. The International Monetary Fund’s Executive Board decided t... More »

German industrial output edges up less than forecast in October

BERLIN German industrial output inched up in October, data from the Economy Ministry showed on Monday, in a sign that this sector of Europe’s largest economy is recovering slightly at the start of the fourth quarter after a rough patch in the summer. While the... More »