Economy News

Man looks at an electronic board displaying Japan's Nikkei average and various countries' stock indices outside a brokerage in Tokyo

Asian shares, dollar struggle on Ukraine anxiety

By Lisa Twaronite TOKYO (Reuters) - Asian stocks struggled on Friday, as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine. MSCI's broadest index of Asia-Pacific shares outside Japan erased early modest gains and fell 0.3 pe…

  • Bank of Canada Governor Poloz speaks during a news conference in Ottawa
    Bank of Canada sees evidence exports … Reuters - 5 hours ago

    By Bryn Levy SASKATOON, Saskatchewan (Reuters) - Bank of Canada Governor Stephen Poloz is more hopeful than before about an export recovery but is not straying from … More »Bank of Canada sees evidence exports …

    Bank of Canada Governor Poloz speaks during a news conference in Ottawa

    By Bryn Levy SASKATOON, Saskatchewan (Reuters) - Bank of Canada Governor Stephen Poloz is more hopeful than before about an export recovery but is not straying from his mantra that an interest rate cut is just as possible as a hike because the economic outlook is so uncertain. "We're expressing true neutrality on that …

  • Ukrainian soldiers stand guard at a checkpoint in the village of Malinivka, east of Slaviansk
    Ukraine forces kill up to five rebels, … Reuters - 6 hours ago

    By Aleksandar Vasovic and Alexei Anishchuk SLAVIANSK, Ukraine/ST PETERSBURG, Russia (Reuters) - Ukrainian forces killed up to five pro-Moscow rebels on Thursday as they … More »Ukraine forces kill up to five rebels, …

    Ukrainian soldiers stand guard at a checkpoint in the village of Malinivka, east of Slaviansk

    By Aleksandar Vasovic and Alexei Anishchuk SLAVIANSK, Ukraine/ST PETERSBURG, Russia (Reuters) - Ukrainian forces killed up to five pro-Moscow rebels on Thursday as they closed in on the separatists' military stronghold in the east, and Russia launched army drills near the border in response, raising fears its troops would …

  • Russian memo to WTO says U.S. sanctions … Reuters - 17 hours ago

    By Tom Miles GENEVA (Reuters) - Russia has told the United States that its Ukraine-related sanctions on a Russian bank and Russian citizens are illegal under World Trade … More »Russian memo to WTO says U.S. sanctions …

    By Tom Miles GENEVA (Reuters) - Russia has told the United States that its Ukraine-related sanctions on a Russian bank and Russian citizens are illegal under World Trade Organization rules and must be scrapped. Russian Economy Minister Alexei Ulyukayev said last week that Russia could launch a dispute at the world trade …

  • Michael Mann says it's cheaper to … CBC - Wed, 23 Apr, 2014

    American climatologist Michael Mann has been at the heart of the war of words over climate change for the last 15 years, arguing it is cheaper to wean ourselves from … More »Michael Mann says it's cheaper to …

    American climatologist Michael Mann has been at the heart of the war of words over climate change for the last 15 years, arguing it is cheaper to wean ourselves from fossil fuels than to pay for the damage caused by global warming.

  • A man holding his mobile phone walks past the logo of Softbank Corp at its branch in Tokyo
    Japan attack on wireless 'oligopoly' … Reuters - Wed, 23 Apr, 2014

    By Yoshiyasu Shida TOKYO (Reuters) - For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations … More »Japan attack on wireless 'oligopoly' …

    A man holding his mobile phone walks past the logo of Softbank Corp at its branch in Tokyo

    By Yoshiyasu Shida TOKYO (Reuters) - For Japanese billionaire Masayoshi Son, who wants to build the world's largest mobile Internet company, criticism of his operations from regulators in his home market could not come at a worse time. The feisty entrepreneur is lobbying skeptical Washington officials to let him buy a …

  • Gas price jump 'doesn't make … CBC - Wed, 23 Apr, 2014

    Drivers looking for a good reason why gasoline prices made major jumps across Canada overnight will be left lacking, as the usual seasonal influences don't add up … More »Gas price jump 'doesn't make …

    Drivers looking for a good reason why gasoline prices made major jumps across Canada overnight will be left lacking, as the usual seasonal influences don't add up to the types of increases they're seeing.

  • A sign with the ticker symbol for TD Ameritrade is seen at the trading post that trades the company on the floor of the New York Stock Exchange
    TD Ameritrade second quarter profit … Reuters - Wed, 23 Apr, 2014

    By Jed Horowitz NEW YORK (Reuters) - TD Ameritrade Holding Corp , the biggest U.S. discount broker, said profit in its fiscal second quarter jumped 34.7 percent to $194 … More »TD Ameritrade second quarter profit …

    A sign with the ticker symbol for TD Ameritrade is seen at the trading post that trades the company on the floor of the New York Stock Exchange

    By Jed Horowitz NEW YORK (Reuters) - TD Ameritrade Holding Corp , the biggest U.S. discount broker, said profit in its fiscal second quarter jumped 34.7 percent to $194 million on record revenue driven by net new client assets of $12.2 billion and heavy trading. The profit translates to 35 cents a share, also up 35 percent …

  • Thai Prime Minister Yingluck Shinawatra leaves the National Anti-Corruption Commission office in Nonthaburi province, on the outskirts of Bangkok
    Thai court gives PM time to defend herself; … Reuters - Wed, 23 Apr, 2014

    By Amy Sawitta Lefevre and Aukkarapon Niyomyat BANGKOK (Reuters) - Thailand's Constitutional Court on Wednesday gave Prime Minister Yingluck Shinawatra until early May … More »Thai court gives PM time to defend herself; …

    Thai Prime Minister Yingluck Shinawatra leaves the National Anti-Corruption Commission office in Nonthaburi province, on the outskirts of Bangkok

    By Amy Sawitta Lefevre and Aukkarapon Niyomyat BANGKOK (Reuters) - Thailand's Constitutional Court on Wednesday gave Prime Minister Yingluck Shinawatra until early May to defend herself against charges of abuse of power, as the central bank warned that the political crisis threatened another cut in its growth forecast. …

  • Flaherty successor Joe Oliver makes mournful entry onto world stage
    Stalling Keystone will hurt U.S. energy … The Canadian Press - Tue, 22 Apr, 2014

    HALIFAX - The U.S. government's decision to stall the Keystone XL pipeline project will harm American energy security and the economies of both the U.S. and Canada, … More »Stalling Keystone will hurt U.S. energy …

    Flaherty successor Joe Oliver makes mournful entry onto world stage

    HALIFAX - The U.S. government's decision to stall the Keystone XL pipeline project will harm American energy security and the economies of both the U.S. and Canada, says the federal finance minister.

  • U.S. Vice President Joe Biden and Ukraine's Prime Minister Arseny Yatseniuk attend a media briefing in Kiev
    Ukraine president calls for new anti-rebel … Reuters - Tue, 22 Apr, 2014

    By Alastair Macdonald and Darya Korsunskaya KIEV/MOSCOW (Reuters) - Ukraine's acting president Oleksander Turchinov called on Tuesday for government forces to relaunch … More »Ukraine president calls for new anti-rebel …

    U.S. Vice President Joe Biden and Ukraine's Prime Minister Arseny Yatseniuk attend a media briefing in Kiev

    By Alastair Macdonald and Darya Korsunskaya KIEV/MOSCOW (Reuters) - Ukraine's acting president Oleksander Turchinov called on Tuesday for government forces to relaunch an offensive against pro-Russian rebels after a local politician from his own party was found dead with signs of torture. Kiev's first push failed last …

  • Canada's Oliver says common securities … Reuters - Tue, 22 Apr, 2014

    Canada's new finance minister said on Tuesday the creation of a national securities regulator will be a priority under his watch as he draws on his experience in banking … More »Canada's Oliver says common securities …

    Canada's new finance minister said on Tuesday the creation of a national securities regulator will be a priority under his watch as he draws on his experience in banking and as a provincial capital markets watchdog. Joe Oliver, who became finance minister last month, indicated to reporters he was keen to make progress …

  • U.S. President Obama shakes hands with Japanese PM Abe at the G20 Summit in St. Petersburg
    Obama, Abe under pressure to salvage … Reuters - Tue, 22 Apr, 2014

    By Krista Hughes and Linda Sieg WASHINGTON/TOKYO (Reuters) - A meeting between U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe this week in Tokyo … More »Obama, Abe under pressure to salvage …

    U.S. President Obama shakes hands with Japanese PM Abe at the G20 Summit in St. Petersburg

    By Krista Hughes and Linda Sieg WASHINGTON/TOKYO (Reuters) - A meeting between U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe this week in Tokyo may not seal one of the world's biggest trade pacts, but it could give it a much-needed boost. A central element of Obama's strategic shift towards Asia, …

  • Mark Fields speaks before unveiling a new 2015 Ford Mustang 50 Year Limited Edition in Las Vegas
    Ford to name Fields as CEO soon, replacing … Reuters - Mon, 21 Apr, 2014

    By Ben Klayman DETROIT (Reuters) - Ford Motor Co will soon name Chief Operating Officer Mark Fields as successor to Chief Executive Alan Mulally, a person familiar with … More »Ford to name Fields as CEO soon, replacing …

    Mark Fields speaks before unveiling a new 2015 Ford Mustang 50 Year Limited Edition in Las Vegas

    By Ben Klayman DETROIT (Reuters) - Ford Motor Co will soon name Chief Operating Officer Mark Fields as successor to Chief Executive Alan Mulally, a person familiar with the plans said on Monday. Mulally, the 68-year-old executive credited with reviving Ford's fortunes since taking its helm in 2006, will step down before …

  • A security guard salutes at the entrance of the Bank of Japan building in Tokyo
    Bank of Japan may still opt for huge … Reuters - Mon, 21 Apr, 2014

    By Leika Kihara TOKYO (Reuters) - The Bank of Japan is likely to hold off on expanding monetary stimulus for as long as possible but when it does act, it will take "extraordinary" … More »Bank of Japan may still opt for huge …

    A security guard salutes at the entrance of the Bank of Japan building in Tokyo

    By Leika Kihara TOKYO (Reuters) - The Bank of Japan is likely to hold off on expanding monetary stimulus for as long as possible but when it does act, it will take "extraordinary" steps such as buying government bonds on a massive scale, a former central bank policymaker said on Monday. Miyako Suda, who served on the …

  • A man smokes a cigarette outside The London Stock Exchange
    Asian stocks subdued on Ukraine caution, … Reuters - Mon, 21 Apr, 2014

    By Shinichi Saoshiro TOKYO (Reuters) - Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several … More »Asian stocks subdued on Ukraine caution, …

    A man smokes a cigarette outside The London Stock Exchange

    By Shinichi Saoshiro TOKYO (Reuters) - Asian stock markets were subdued on Monday, as tensions in Ukraine kept investors cautious amid an absence of catalysts as several markets remained closed for the Easter holiday. MSCI's broadest index of Asia-Pacific shares outside Japan inched down 0.1 percent. Japan's Nikkei stock …

  • Spanish banks face tough rivalry in … Reuters - Mon, 21 Apr, 2014
    The logo of Spanish bank Santander is seen outside a building in Madrid

    By Sarah White and Jesus Aguado MADRID (Reuters) - Across Spain, the message is hard to miss in office windows showcasing offers: banks want to lend to small companies again. After gorging on property lending in the run-up to a financial crisis, banks are looking to revive high-margin loans to businesses as the economy …

  • Bankers win friends again in Europe … Reuters - Mon, 21 Apr, 2014
    Former Bank of France and IMF director Jacques de Larosiere reacts to the G20 Pittsburgh summit outcome during an interview with Reuters in Paris

    By John O'Donnell BRUSSELS (Reuters) - Jacques de Larosiere says he is an isolated and modest man. Yet the 84-year-old former head of the International Monetary Fund is one of the most influential voices in European and global finance. An eminence grise as respected among France's political elite as in the heart of the …