Economy News

The logo of French power and transport engineering company Alstom is pictured on a wall of the company's plant in Reichshoffen, near Haguenau

Alstom shares jump on report of GE bid

By Natalie Huet PARIS (Reuters) - Shares in Alstom jumped more than 14 percent on Thursday after a report that U.S. conglomerate General Electric was in talks to buy the struggling French turbine and train maker for about $13 billion. If confirmed, a takeover offer from a foreign company would raise eyebrows among politicians and unions in France, where Alstom employs around 18,000 staff, or 20 …

  • Gas price jump 'doesn't make … CBC - 21 hours ago

    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 …

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

    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 … More »Spanish banks face tough rivalry in …

    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 …

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

    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 … More »Bankers win friends again in Europe …

    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 …

  • Residents stand outside a spaza convienience shop in Cape Town's Imizamo Yethu township
    South Africa's 'spaza' shops … Reuters - Sun, 20 Apr, 2014

    By David Dolan SOWETO, South Africa (Reuters) - In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now … More »South Africa's 'spaza' shops …

    Residents stand outside a spaza convienience shop in Cape Town's Imizamo Yethu township

    By David Dolan SOWETO, South Africa (Reuters) - In this corner of South Africa's black township of Soweto, the biggest building used to be the Catholic church. Now it's been overshadowed by a shopping center and business has only gotten worse for Grace, a 68-year-old shopowner. Like many proprietors of "spaza" shops …

  • JGSDF's Type 89 Assault Rifle is seen as JGSDF 1st Airborne Brigade soldiers wear parachutes for parachute drop training during their military drill at Higashifuji training field
    Japan expands army footprint for first … Reuters - Sat, 19 Apr, 2014

    By Nobuhiro Kubo YONAGUNI, Japan (Reuters) - Japan began its first military expansion at the western end of its island chain in more than 40 years on Saturday, breaking … More »Japan expands army footprint for first …

    JGSDF's Type 89 Assault Rifle is seen as JGSDF 1st Airborne Brigade soldiers wear parachutes for parachute drop training during their military drill at Higashifuji training field

    By Nobuhiro Kubo YONAGUNI, Japan (Reuters) - Japan began its first military expansion at the western end of its island chain in more than 40 years on Saturday, breaking ground on a radar station on a tropical island off Taiwan. The move risks angering China, locked in a dispute with Japan over nearby islands which they …

  • Big hockey games can generate a lot of revenue for bars and restaurants. But economists say while fans may not flood sports bars on game nights when a city doesn't have an NHL team in the playoffs, the economy of a city as whole is unlikely to suffer a major economic loss.
    How dearth of Canadian teams in NHL … CBC - Sat, 19 Apr, 2014

    Bars and restaurants in six of seven Canadian NHL cities are bracing for another spring without a hometown run at the Stanley Cup, but despite their dire financial predictions, … More »How dearth of Canadian teams in NHL …

    Big hockey games can generate a lot of revenue for bars and restaurants. But economists say while fans may not flood sports bars on game nights when a city doesn't have an NHL team in the playoffs, the economy of a city as whole is unlikely to suffer a major economic loss.

    Bars and restaurants in six of seven Canadian NHL cities are bracing for another spring without a hometown run at the Stanley Cup, but despite their dire financial predictions, some experts insist that local economies – including the service industry – will survive without playoff hockey.

  • Pope Good Friday service underscores … Reuters - Fri, 18 Apr, 2014
    Pope Francis attends the Via Crucis (Way of the Cross) procession during Good Friday celebrations in front of the Colosseum in Rome

    By Philip Pullella ROME (Reuters) - The plight of immigrants, the poor, the sick, the elderly, unemployed and prisoners dominated Pope Francis' Good Friday service at Rome's Colosseum as he led Catholics around the world in commemorating the day Jesus died. "Behind every evil in our society is money, or at least in part," …

  • Algeria's ailing Bouteflika wins … Reuters - Fri, 18 Apr, 2014
    Algeria's President Abdelaziz Bouteflika holds his ballot during the presidential election in Algiers

    By Patrick Markey and Lamine Chikhi ALGIERS (Reuters) - Algerian President Abdelaziz Bouteflika, the independence veteran in power for 15 years, won re-election on Friday with more than 80 percent of a vote opponents dismissed as fraud to keep an ailing leader in power. Bouteflika had cast his vote sitting in a wheelchair …