Showing 291 - 299 of 299
US consumer spending rises, savings drop to 10-year low
Reuters, Published on 29/01/2018
» WASHINGTON: US consumer spending rose solidly in December as demand for goods and services increased, but the gain came at the expense of savings, which dropped to a 10-year low in a troubling sign for future consumption and economic growth.The Commerce Department said on Monday that consumer spending, which accounts for more than two-thirds of US economic activity, increased 0.4% last month after an upwardly revised 0.8% increase in November.
China says United States is real threat to global trade, not itself
Reuters, Published on 22/01/2018
» BEIJING: The United States, not China, threatens the global trade system, China's foreign ministry said on Monday, after US President Donald Trump's administration called US support for Beijing's joining the World Trade Organization in 2001 a mistake.
Indonesia, Malaysia condemn EU move to limit palm oil use
Reuters, Published on 18/01/2018
» KUALA LUMPUR: Top palm oil producers Indonesia and Malaysia on Thursday criticised the European Union for backing a ban on the use of palm oil in biofuels, with a Malaysian minister calling the move a protectionist trade barrier and a form of "crop apartheid".
Bitcoin slides 14% on crackdown fears
Reuters, Published on 16/01/2018
» LONDON: Bitcoin slid as much as 14% on Tuesday to hit a four-week low below $12,000, as fears grew of a regulatory crackdown after reports that South Korea's finance minister had said banning trading in cryptocurrencies was still an option.
Uproar over bitcoin crackdown bid divides S.Korea
Reuters, Published on 12/01/2018
» SEOUL: With a tech-savvy population quick to adopt the latest gadgets and a young generation facing dim prospects in the conventional workplace, South Korea has been a fertile ground for virtual currencies.
Opec's oil-price cheer tempered by US shale fears
Reuters, Published on 10/01/2018
» DUBAI/LONDON: Oil's price rally this year to its highest since May 2015 may seem a source of glee for Opec, but some in the producer group fear the gains could prompt shale companies to crank open their spigots and flood the market.
2017 inflation 2,616% in socialist Venezuela
Reuters, Published on 10/01/2018
» CARACAS: Prices in Venezuela, which is believed to have the world's highest inflation, jumped 2,616% last year, the country's opposition-led National Assembly said, as millions suffer from food and medicine shortages during a severe economic crisis.
SET breaks 1,800 as record runs continue
Reuters, Published on 08/01/2018
» Most Southeast Asian stock markets rose on Monday, mirroring gains on Wall Street last week and as expectations of higher corporate earnings buoyed sentiment, with Thailand breaking the 1,800 level.
SET, world stocks hit records, euro near three-year high
Reuters, Published on 05/01/2018
» NEW YORK: Global shares shattered records and European stocks closed higher on Thursday, bolstered by upbeat data from the world's largest economies, while the euro hovered near a three-year high and the US dollar fell against major currencies.