Economy

  • Weak US Dollar Struggles, Asian Shares Reach Record Peak
    Weak_us_dollar_struggles__asian_shares_reach_record_peak 2018-01-25 07:27:10 UTC
    TOKYO (Reuters) - Asian stocks hit a record high on Thursday though concerns about the Trump administration’s protectionist stance tempered enthusiasm in financial markets, while the dollar struggled after U.S. Treasury Secretary Steven Mnuchin welcomed a weaker currency. European shares are e...

  • Davos: Merkel says right-wing populism is a 'poison'
    Davos-_merkel_says_right-wing_populism_is_a_'poison' 2018-01-24 21:04:11 UTC
    DAVOS, Switzerland — German Chancellor Angela Merkel evoked the two world wars and questioned whether the West had learned the lessons from those conflicts. Merkel has told WEF delegates that "the right-wing populism is a poison." “We are seeing nationalism, populism and in a lot of count...

  • Dollar Slides to 3-year Low as Euro Gains
    Solid_european_economic_outlook_kept_euro_strong_against_dollar 2018-01-24 07:28:05 UTC
    SINGAPORE (Reuters) - The dollar slid to three-year lows against a basket of major peers on Wednesday. The euro climbed to as high as $1.2335 EUR=, its strongest level since December 2014, and was last up 0.2 percent at $1.2318. Euro zone consumer confidence jumped much more than expected i...

  • Doctors can detect deadliest cancers through blood test
    To_detect_deadliest_cancers_just_by_blood_test 2018-01-21 17:59:46 UTC
    The future isn't far off, according to US researchers: doctors will soon be able to detect cancer and locate tumor cells just by examining one blood sample. But is this new screening method as good as it sounds? <blockquote>Cancer of the ovaries, liver, stomach, pancreas, esophagus, colon and ...

  • #TrumpShutdown — U.S. Government Shuts Down After Senate Vote Fails
    _trumpshutdown_%e2%80%94_u.s._government_shuts_down_after_senate_vote_fails 2018-01-20 08:57:36 UTC
    WASHINGTON (Reuters) - The U.S. government shut down at midnight on Friday after Democrats and Republicans failed to reach a last-minute deal to fund its operations, divided in a bitter dispute over immigration and border security. The shutdown formally began on Saturday, the first anniversary...

  • US dollar laboured near a three-year low against a basket of currencies
    Us_dollar_laboured_near_a_3_year_low_against_a_basket_of_currencies 2018-01-19 10:32:11 UTC
    LONDON (Reuters) - The dollar laboured near a three-year low against a basket of currencies on Friday, heading for a fifth week of falls that would be its longest losing streak since May 2015. The U.S. currency slipped to its lowest since December 2014 this week, with investors selling on the ...

  • Bitcoin extended its sharp tumble of the past 24 hours
    Bitcoin_extended_its_sharp_tumble_of_the_past_24_hours 2018-01-17 17:16:08 UTC
    (Reuters) - Bitcoin extended its sharp tumble of the past 24 hours, skidding more than 20 percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. Bitcoin, which skyrocketed nea...

  • Trade surplus in EU expanded to its highest point in 2017
    Trade_surplus_in_eu_expanded_to_its_highest_point_in_2017 2018-01-15 10:42:15 UTC
    BRUSSELS (Reuters) - The trade surplus in the 19 countries sharing the euro expanded in November to its highest point in eight months, as a rise in exports of goods outpaced increasing imports, despite a stronger euro, official estimates released on Monday showed. The European statistics offic...

  • Scotland Sees 'Golden' Chance to Stay in European Single Market
    Scotland_sees_'golden'_chance_to_stay_in_the_european_single_market 2018-01-14 08:31:04 UTC
    EDINBURGH (Reuters) - Scottish leader Nicola Sturgeon said on Sunday there was a “golden opportunity” to argue for Britain to remain in the European single market after Brexit, as no-one had yet demonstrated the benefit of loosening trade ties with the EU. Sturgeon, whose nationalist SNP runs ...

  • WTO: Canada launches a wide-ranging trade dispute against US
    Wto-_canada_launches_a_wide-ranging_trade_dispute_against_the_us 2018-01-10 19:12:59 UTC
    GENEVA (Reuters) - Canada has launched a wide-ranging trade dispute against the United States, challenging Washington’s use of anti-dumping and anti-subsidy duties, Canada said in WTO filing dated Dec. 20 and published on Wednesday. Canada appeared to be mounting a case on behalf of the rest o...

  • China is winning the race for new energy vehicles
    China_is_winning_the_race_for_new_energy_vehicles 2017-12-27 09:26:31 UTC
    BEIJING/SHANGHAI (Reuters) - China will extend a tax rebate on purchases of so-called new-energy vehicles (NEV) until the end of 2020, a boost for hybrid and electric car makers amid a shift by policy-makers away from the traditional internal combustion engine. The finance ministry said in a s...

  • Zimbabweans of European Origin Return to Seized Land
    Zimbabweans_of_european_ethnic_origin_returns_to_seized_land 2017-12-24 11:14:22 UTC
    RUSAPE, Zimbabwe (Reuters) - The last time farmer Rob Smart left his land it was at gunpoint, forced out in June by riot police armed with tear gas and AK-47 assault rifles. He returned on Thursday to ululations and tears of joy from former workers and their families who were also kicked out -...

  • Down 35 percent: Bitcoin tumbled below $13,000
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up 2017-12-22 07:47:50 UTC
    TOKYO (Reuters) - Cryptocurrency bitcoin tumbled below $13,000 briefly on the Bitstamp exchange BTC=BTSP on Friday, down roughly 35 percent from its record top near $20,000 set at the start of the week. It was last down 7 percent at $14,499 BTC=BTSP but fell as much as 14.7 percent earlier in ...

  • Donald Trump, Corrupt King of the Swamp
    Donald_trump__corrupt_king_of_the_swamp 2017-12-21 02:42:33 UTC
    The US tax bill is an unashamed enrichment scheme for the wealthy and slap in the face for the poor. Trump's giant giveaway to the richest Americans, like himself, finally makes clear to everyone where the president's real sympathies lie. After numerous embarrassing false starts, Congressional...

  • Republicans Looting the Treasury: House Approves #TaxScamBill
    Republicans_looting_the_treasury-_house_approves__taxscambill 2017-12-20 19:52:16 UTC
    ASHINGTON (Reuters) - The Republican-controlled U.S. House of Representatives gave final approval on Wednesday to the biggest overhaul of the U.S. tax code in 30 years, sending a sweeping $1.5 trillion bill to President Donald Trump for his signature. In sealing Trump’s first major legislative...

  • US Congress Struggling to Avoid a Partial Government Shutdown
    Us_congress_struggling_to_avoid_a_partial_government_shutdown 2017-12-20 00:44:23 UTC
    WASHINGTON (Reuters) - The U.S. Congress is struggling through another contentious week as infighting over defense spending, healthcare and other matters complicates the drive to pass a temporary spending bill by midnight on Friday to avert a partial government shutdown. In a week when Preside...

  • Highly-skilled foreign workers favor Canada, not the U.S.
    Highly-skilled_foreign_workers_favor_canada__not_u.s 2017-12-18 03:45:11 UTC
    Petra Axolotl knew her chances of getting an H-1B visa were slim. She had an MBA from Wharton and a job offer at Twitter, but luck would decide the Dutch data scientist's fate – and in 2016, it did not fall in her Favor. Axolotl missed out in the lottery for the coveted visa but remained deter...

  • Here's a Look at the Final Republican Tax Bill
    Here's_a_look_at_the_final_republican_tax_bill 2017-12-17 06:15:52 UTC
    Republicans in the U.S. Congress released a final version of their tax bill on Friday, clearing the way for Senate and House of Representatives votes on the legislation next week. President Donald Trump wants to sign tax legislation before the end of the year to notch the first major legislati...

  • Germany vows to back an "open and free internet" despite end of net neutrality in US
    Germany_vows_to_back_an_open_and_free_internet_despite_end_of_net_neutrality_in_us 2017-12-15 21:32:27 UTC
    Berlin has vowed to back an "open and free internet" following a US decision to repeal net neutrality rules. After US telecoms regulator FCC on Thursday moved to repeal Obama-era net neutrality rules, the German Economics Ministry said Friday it would continue to support EU internet rules that...

  • US government rescinds rules aimed at ensuring a free and open internet
    Us_government_rescinds_rules_aimed_at_ensuring_a_free_and_open_internet 2017-12-14 19:40:07 UTC
    WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape. The approval of FCC Chairman Ajit Pai’s ...

  • Zimbabwe May Recoup Millions of Dollars in Diamonds Kept in Britain
    Zimbabwe_may_recoup_millions_of_dollars_in_diamonds_kept_in_britain 2017-12-10 21:43:02 UTC
    President Emmerson Mnangagwa could recoup millions of dollars in diamond proceeds that were siphoned to London if he mends Zimbabwe’s relations with Britain. Finance Minister Patrick Chinamasa said Mnangagwa would spearhead the mending of political relations with the regional and international...

  • Canada takes swipe at US, could buy European fighter jets
    Canada_takes_swipe_at_us_could_buy_new_european_jets 2017-12-06 20:22:13 UTC
    OTTAWA (Reuters) - Canada’s decision to shun Boeing jets could open the way for European rivals seeking to supply new fighters, assuming the government can sort out major procurement challenges, three sources familiar with the matter said on Wednesday. Canada is scrapping a plan to buy 18 Boei...

  • Bitcoin loses 20 percent of its value in less than 24 hours
    Bitcoin_loses_over_20_percent_of_its_value_in_less_than_24_hours 2017-11-30 20:57:52 UTC
    LONDON (Reuters) - Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. The cryptocurrency fell as much as 8 percent on Thursday on the Luxembourg-based Bitstamp exchange to hit $9,000...

  • Half of Americans Oppose GOP/ Trump Tax Bill
    Half_of_americans_oppose_gop__trump_tax_bill 2017-11-29 22:10:20 UTC
    WASHINGTON/NEW YORK (Reuters) - Opposition has grown among Americans to a Republican tax plan before the U.S. Congress, with 49 percent of people who were aware of the measure saying they opposed it, up from 41 percent in October, according to a Reuters/Ipsos poll released on Wednesday. Congre...

  • Bitcoin tops an all-time high above $10,000
    Jpmorgan's_jamie_dimon_says_bitcoin_%e2%80%9cis_a_fraud%e2%80%9d_and_will_blow_up 2017-11-29 06:11:39 UTC
    NEW YORK (Reuters) - Red-hot bitcoin soared through an all-time high above $10,000 on Wednesday, taking its gains to more than 900 percent so far this year, the most of any asset class. Despite widespread scepticism of many veteran bankers and fund managers, it is being propelled by a continue...