Economic News

  • Wall Street gains in relief rally after French vote result

    (Reuters) - U.S. stocks surged on Monday, tracking a relief rally that swept through European and Asian stock markets, after Centrist candidate Emmanuel Macron won the first round of the French presidential election.

  • Equity markets, euro rally after French election

    NEW YORK (Reuters) - Global equity markets rallied on Monday to send a gauge of world stock indexes to a record high, while the euro briefly jumped to a five-month peak against the U.S. dollar as the first round of an election in France went to the market's preferred candidate.

  • Trump pushes Democrats on border wall as government shutdown looms

    WASHINGTON (Reuters) - U.S. President Donald Trump tried to press Democrats on Monday to include funds for his controversial border wall with Mexico in spending legislation as lawmakers worked to avoid a looming shutdown of the federal government.

  • General Motors fires 2,700 in Venezuela after plant closure: workers

    CARACAS (Reuters) - General Motors' Venezuelan subsidiary has sent a message to almost 2,700 staff informing them that they are no longer employed by the company and had received severance pay in their bank accounts, according to two employees.

  • Rome, Athens look to Macron to help douse anti-EU fires

    ATHENS/ROME (Reuters) - The Italian and Greek governments are counting on France's likely next president Emmanuel Macron to help them see off populist parties that blame European Union-enforced austerity and open immigration policies for economic and social ills.

  • Oil slips on OPEC cut extension doubts, Russia output worries

    NEW YORK (Reuters) - Oil prices slipped nearly 1 percent on Monday, extending last week's decline, on lack of confirmation that OPEC will extend output cuts till the end of 2017 and as Russia indicated it can lift output if the deal on curbs lapses.

  • China clamps down on excess steel as Japan decries Trump 'protectionism'

    MANILA/BEIJING (Reuters) - Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would open a probe into cheap steel exports from China and elsewhere.

  • Spain, Brazil want EU-Mercosur deal, worry about Venezuela

    BRASILIA (Reuters) - The governments of Spain and Brazil on Monday reinforced their commitment to completing a trade pact between the European Union and South American trade bloc Mercosur despite protectionist sentiments.

  • Fed's Kashkari: infrastructure spending not key to U.S. growth

    (Reuters) - Minneapolis Federal Reserve Bank President Neel Kashkari said Monday he does not believe that spending more to build roads and airports would necessarily result in faster U.S. economic growth.

  • Euro surges, yen dives as French election fears abate

    NEW YORK (Reuters) - The euro surged against the U.S. dollar and the yen sank on Monday on relief over Emmanuel Macron's victory against anti-euro nationalist Marine Le Pen in the first round of France's presidential elections.

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