Economic News

  • Tech stocks drag down Wall St. as earnings worries weigh

    NEW YORK (Reuters) - U.S. stocks ended lower in a choppy trading session on Monday, dragged down by technology stocks amid lingering worries over interest rates and corporate earnings.

  • Safe havens rise on West-Saudi tension; world stocks fall

    NEW YORK (Reuters) - Major stock markets slipped on Monday as rising tensions between Western powers and Saudi Arabia added to concerns over the pace of global economic growth, with investors flocking to traditional safe-havens like the Japanese and Swiss currencies, as well as gold.

  • U.S. federal government posts widest deficit since 2012

    WASHINGTON (Reuters) - The U.S. federal government closed the 2018 fiscal year $779 billion in the red as tax cuts hit revenues and the government paid more to service a growing national debt, according to Treasury Department data released on Monday.

  • Italy has approved budget bill, sent plan to Brussels: PM Conte

    ROME (Reuters) - Italy's cabinet on Monday approved the country's expansionary 2019 budget bill, Prime Minister Prime Minister Giuseppe Conte said.

  • Global FDI falls 41 percent in H1 2018 after Trump tax reforms - U.N.

    GENEVA (Reuters) - Global foreign direct investment (FDI) fell by 41 percent to $470 billion in the first six months of this year, the lowest since 2005, preliminary figures from the United Nations trade and development agency UNCTAD showed on Monday.

  • Mexico discussed concerns over Canada steel tariffs with Ottawa -source

    OTTAWA (Reuters) - Mexican Economy Minister Ildefonso Guajardo on Monday discussed his concerns about new Canadian tariffs on steel during a call with Foreign Minister Chrystia Freeland, a Canadian government source said.

  • JP Morgan and Ford cancel plans for Saudi investor event

    NEW YORK (Reuters) - JP Morgan & Chase Co Chief Executive Jamie Dimon and Ford Motor Co Chairman Bill Ford canceled plans to attend a Saudi investor conference, the companies said on Sunday, the latest such high-profile announcements after the disappearance of Saudi journalist Jamal Khashoggi.

  • Oil steadies as Saudi tensions balance demand outlook

    NEW YORK (Reuters) - Oil prices steadied on Monday, supported by geopolitical tension over the disappearance of a Saudi journalist that has stoked worries about supplies from Riyadh, but weighed by concern over long-term demand outlook.

  • Spain's economic recovery may have peaked: ECB's de Guindos

    MADRID (Reuters) - Spain's economic recovery may have peaked and downside risks have materialized, the European Central Bank’s vice-president said on Monday, hours after the Spanish government cut its growth forecast for this year and next.

  • Textron, NetJets strike deal for more than 300 Cessna planes

    ORLANDO, Fla. (Reuters) - NetJets, the luxury plane unit of Warren Buffett's Berkshire Hathaway Inc , on Monday announced a deal to purchase up to 325 Cessna Citation business jets from Textron Inc's aviation unit, one of the biggest orders unveiled at a major jet show this week in Orlando, Florida.

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