Feb 06, 2016 at 13:53 | Source: CNBC
Some analysts including those at Citi have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the US.
Feb 06, 2016 at 12:53 | Source: PTI
"We're going to impose a tax on a barrel of oil imported, exported, so that some of that revenue can be used for transportation. Some of that revenue can be used for the investments in basic research and technology that's going to be needed for the energy sources of the future," Barack Obama told reporters at a White House news conference.
Feb 04, 2016 at 12:16 | Source: PTI
The US-led Trans Pacific Partnership (TPP), which was signed by 12 countries in New Zealand, would bolster American leadership abroad and support good jobs at home, Obama said. "TPP will bolster our leadership abroad and support good jobs here at home," Obama said.
Feb 03, 2016 at 13:12 | Source: PTI
Ahead of the formal signing of the Trans Pacific Partnership (TPP), US Trade Representative Michael Froman expressed confidence that Congress would endorse the deal in coming months, despite the US presidential campaign that has made trade issues a frequent hot potato.
Feb 03, 2016 at 08:24 | Source: CNBC-TV18
The ongoing market volatility does not reflect concerns that the US -- or the global economy -- may sink into a recession going forward, says Geoff Lewis of Manulife Asset Management.
Feb 02, 2016 at 08:56 | Source: Reuters
Increased volatility in other assets has benefitted gold and it could see more gains as global central banks may be forced into easing monetary policy further this year to spur growth
Feb 01, 2016 at 09:15 | Source: Reuters
Front-month Brent crude was trading at USD 35.54 per barrel at 0157 GMT, down 45 cents, or 1.25 percent, from the last close. US West Texas Intermediate was down 35 cents at USD 33.27 a barrel.
Jan 29, 2016 at 11:19 | Source: Reuters
Gross domestic product probably rose at a 0.8 percent annual rate, according to a Reuters survey of economists, also as a strong dollar and tepid global demand hurt exports, and lower oil prices continued to undercut investment by energy firms.
Jan 29, 2016 at 08:04 | Source: Reuters
Fresh data released on Thursday showed new orders for US durable goods posted their biggest drop in 16 months in December, suggesting that growth in the world's top economy braked sharply at the end of 2015.
Jan 28, 2016 at 09:43 | Source: PTI
The reforms by International Monetary Fund (IMF) represent a major step towards better reflecting in the institution's governance structure, the increasing role of dynamic emerging market and developing countries, IMF said in a statement, adding that this will reinforce its the credibility, effectiveness and legitimacy.