Economics :: Economy

China's Future Is Bright But Its Economic Challenges Are Severe, Says Xi Jinping

time.com

China's Future Is Bright But Its Economic Challenges Are Severe, Says Xi Jinping


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Deep in Trump Country, a Big Stake in Health Care

nytimes.com

Deep in Trump Country, a Big Stake in Health Care


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Populism again casts shadow over booming eurozone economy

bostonherald.com

Populism again casts shadow over booming eurozone economy


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Central Bankers Cling to Stimulus Amid Weak Inflation

wsj.com

Central Bankers Cling to Stimulus Amid Weak Inflation


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Gradual rate hikes should help sustain economic growth, Yellen says

marketwatch.com

Gradual rate hikes should help sustain economic growth, Yellen says


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BOJ's Kuroda warns markets may be complacent of geopolitical risks

reuters.com

BOJ's Kuroda warns markets may be complacent of geopolitical risks


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ECB sees inflation pick up despite weak wages: Constancio

reuters.com

ECB sees inflation pick up despite weak wages: Constancio


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Popular Stories

Treasury report declines to name China currency manipulator
The U.S. on Tuesday declined to name China as a currency manipulator although it remained critical of the Chinese government's economic policies ahead of a planned visit to the country by U.S. President Donald Trump. The semi-annual U.S. Treasury currency report said no countries deserved the currency manipulator label, but it kept China on a currency "monitoring list" despite a fall in China's global current account surplus since 2016   Read More ...
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The Economy Is Humming, but That May Not Win Janet Yellen Another Term
“The economy is humming along,” said Julia Coronado, president of MacroPolicy Perspectives, a New York economic research firm. “The markets are humming along. Given all the other stuff that’s going on, why mess with that?” Mr. Trump is considering four candidates to replace Ms. Yellen. On that short list: Gary D. Cohn, the president’s chief economic adviser; Jerome H. Powell, the only Republican on the Fed’s board of governors; John B   Read More ...
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Economic development in the local food economy
by Jake Claro, Farm to Plate Director, Vermont Sustainable Jobs Fund When you ask people their definition of the Vermont food economy, they’ll often talk about farms, farmers’ markets or CSAs. What’s often missing from the conversation are the supply chain of local businesses such as distributors, food processors and manufacturers, and seed, feed, and equipment dealers. Vermont’s local food economy not only extends well beyond the farm, it’s also an important part of our state’s economic engine   Read More ...
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Places: Americas |  North America |  United States |  Northeast |  New England |  Vermont | 
US tax reform may help economy: NY Fed's Dudley
An overhaul of U.S. tax code to make it simpler and more broad-based should foster business investments and productivity, boosting overall domestic economic growth, New York Federal Reserve PresidentWilliam Dudley said on Wednesday. The current tax system, which is seen as burdensome and complex, "cannot be productivity enhancing," he said on a panel about regional economic trends with Dallas Fed President Robert Kaplan, sponsored by Hearst and Partnership for New York City   Read More ...
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Chile presidential hopeful Pinera vows to double economic growth
SANTIAGO (Reuters) - Chile’s conservative presidential candidate Sebastian Pinera on Wednesday promised to double economic growth and by 2025 make the country the first in Latin American to achieve “developed nation” status. Pinera said he would increase investment and eventually cut corporate taxes in his bid to expand Chile’s economy. The country is currently judged an upper-middle-income nation by the World Bank and would have to lift per-capita income to join the group of economies termed “developed”   Read More ...
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America needs higher wages, not lower taxes
Jonathan Tasini: In order to boost the economy, Americans need higher wages -- not lower taxes for the rich Trump's proposed tax cuts aren't the answer, he writes -- a higher minimum wage and increased unionization are Politicians and pundits frequently talk about the lofty goal of boosting economic growth. Donald Trump, in a plan opposed by over half of Americans, according to a new , has called for reducing the personal income tax brackets from seven to three, reducing the corporate tax rate, eliminating the estate tax, and doubling the standard deduction for married and single filers   Read More ...
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Tags: Taxes |  Economy |  Economics |  Taxation | 
Places: Americas |  United States | 
Beige Book: Economic activity increased in all 12 Fed districts
FBN’S Adam Shapiro discusses the Beige Book report, which indicates that economic activity has increased in all 12 of the Fed’s districts.   Read More ...
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Places: Americas |  North America |  United States | 
Utah won’t say how it’s trying to tempt Amazon — but outdoor recreation, multilingual Mormons are likely key
Utah officials working to lure Amazon to the Salt Lake City area are keeping details of their bid under wraps but economic development officials say recreation opportunities play a big part in their pitch to any company considering a move to the state. Val Hale, executive director of the Utah Governor's Office of Economic Development, says it's an amazing benefit that you can live in downtown Salt Lake City and ski at a resort that hosted the Olympics in 30 minutes   Read More ...
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Places: Americas |  North America |  United States |  West |  Mountain |  Utah |  Salt Lake City | 
UPS CEO says updated NAFTA better for economy than no trade treaty
DETROIT (Reuters) - The top executive of United Parcel Service Inc () said on Wednesday he is optimistic the U.S., Canadian and Mexican governments can successfully renegotiate NAFTA, and said not having a free trade agreement in place would not be good for the three countries’ economies. If a renegotiated treaty stimulates the economy, creates jobs and levels the playing field for the United States “then the North American market as a whole will be much stronger than without a free trade agreement,” he said   Read More ...
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Places: North America |  United States | 
U.S. housing starts hit one-year low; building permits tumble
WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter. The report on Wednesday from the Commerce Department also showed a decline in building permits, raising concerns that the housing market recovery was stalling   Read More ...
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Places: Americas |  North America |  United States | 
Why tax cuts won't generate as much economic growth as Trump hopes
President Trump and congressional Republicans talk about their tax overhaul plan as if it’s a sure-fire bet for the economy. Far from it. There’s little historical evidence that tax cuts actually pay off in boosting economic growth long-term. And today’s combination of high federal debt and a tight labor market casts even more doubt on whether tax cuts will stimulate growth   Read More ...
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Trump officials’ hard-line negotiating tactics lead to a trade talks standoff
President Trump has tried to bring his abrasive dealmaking style to the North American Free Trade Agreement negotiations, but the fourth round of talks ended Tuesday without any sign that Canada and Mexico were planning to knuckle under to U.S. demands. Ministers from both nations said that the U.S. proposals unveiled over the past week went well beyond their countries’ own red lines, though they agreed to remain at the negotiating table and extend talks through the end of March 2018   Read More ...
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Tags: Economy |  Trade |  Economics |  Trade negotiations | 
Places: North America |  United States | 
A Clinton official explains how Trump could get Democrats to back his tax plan
If President Trump truly wants to win some Democratic votes on his tax plan, he should call Laura Tyson. She's one of the most vocal Democrats supporting tax cuts for businesses, the core of Trump's economic plan. Her voice matters to Democrats, some of whom Trump is trying to woo at a White House meeting Wednesday. Tyson was an economic adviser to President Barack Obama and a member of the Clinton administration, serving as chairman of President Bill Clinton's Council of Economic Advisers and then head of his National Economic Council   Read More ...
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Tags: Taxes |  Economy |  Economics |  Taxation | 
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How Hyperloop One will transform the US economy
Virgin Hyperloop One Co-Executive Chair Shervin Pishevar on how the hyperloop will transform transportation as well as the U.S. economy.   Read More ...
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‘Shrinking, shrinking, shrinking’: Puerto Rico faces a demographic disaster
Long before the winds of Hurricane Maria reached Puerto Rico, another disaster had been wrenching and scattering the lives of island residents. During the decade before Maria, economic decline and depopulation, a slower-moving catastrophe, had been taking a staggering toll: The number of residents had plunged by 11 percent, the economy had shrunk by 15 percent, and the government had become unable to pay its bills   Read More ...
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Places: Americas |  North America |  United States | 
U.S. housing starts hit one-year low in September
WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting housing probably remained a drag on economic growth in the third quarter. Housing starts decreased 4.7 percent to a seasonally adjusted annual rate of 1.127 million units, the Commerce Department said on Wednesday. That was the lowest level since September 2016 and marked the third monthly decline in starts   Read More ...
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Places: Americas |  North America |  United States | 
Global stocks stay buoyant as monetary policy focus builds
MILAN (Reuters) - World stocks stayed near all-time peaks and the dollar extended a winning streak on Wednesday as the focus on upcoming changes to monetary policies in the U.S. and the euro zone grew. Talk over the next Federal Reserve Chairman lifted the dollar for a fifth straight day as the MSCI’s 47-country ‘All-World’ index .MIWD00000PUS inched up 0.1 percent by 1242 GMT, staying at striking distance from the record high hit on Monday   Read More ...
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U.S. housing starts fall to one-year low
WASHINGTON (Reuters) - U.S. homebuilding fell to a one-year low in September as Hurricanes Harvey and Irma disrupted the construction of single-family homes in the South, suggesting that housing probably remained a drag on economic growth in the third quarter. Housing starts decreased 4.7 percent to a seasonally adjusted annual rate of 1.127 million units, the Commerce Department said on Wednesday   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States | 
China needs to balance economic growth with clean air: Portfolio manager
Conrad Saldanha, senior portfolio manager for emerging market equities at Neuberger Berman, speaks about the Chinese economy.   Read More ...
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Tags: Economy |  Economic Growth | 
Places: United States |  Asia |  E. Asia |  China | 
Xi Jinping makes big promises for China's economic future
Chinese President Xi Jinping said Wednesday that China supports an open world economy and pledged further liberalization of its market to foreign investors — even as he touted the benefits of a socialist system at opening of the 19th Communist Party Congress. In a three-and-a-half hour speech both retrospective and forward-looking, Xi discussed China's progress and signaled how China sees its national development and international role in the next five years   Read More ...
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World markets steady as China congress starts and monetary policy gets back in focus
MILAN (Reuters) - World stocks stayed near peaks and currencies moved in tight ranges on Wednesday as China’s Communist Party conference opened and the focus in Europe turned to speeches from top euro zone central bankers before next week’s key policy meeting. Talk over the next Federal Reserve Chairman also gave investors something to chew on as the MSCI’s 47-country ‘All-World’ index   Read More ...
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Places: United States |  Europe | 
Defiant Kurds shrug off risk of trade war after independence vote
ZAKHO, Iraq (Reuters) - More than three weeks after Iraq’s Kurds voted for independence, it’s business as usual at the bustling Ibrahim Khalil border crossing with Turkey. Ankara has threatened to impose economic sanctions on Iraq’s autonomous Kurdistan region to deter moves towards independence, but hundreds of trucks still cross the border each day -- some with supplies for Kurdish areas, others en route to Baghdad   Read More ...
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Places: United States |  Asia |  Mideast |  Iraq | 
Xi says China will continue to open its economy, deepen financial reforms
BEIJING (Reuters) - China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China will push ahead with market-oriented reforms of its foreign exchange rate as well as its financial system, and let the market play a decisive role in the allocation of resources, Xi said at the opening of a key, twice-a-decade Communist Party Congress   Read More ...
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Places: United States |  Asia |  E. Asia |  China | 
China's Future Is Bright But Its Economic Challenges Are Severe, Says Xi Jinping
(BEIJING) — Chinese President Xi Jinping proclaimed his nation's prospects as bright but made a rare acknowledgement of severe economic challenges as he opened the ruling Communist Party's twice-a-decade national congress on Wednesday. Other Chinese leaders have regularly warned since the 2008 financial crisis that China's economic growth faces "downward pressure" due to weak global demand that threatens export industries in the world's second-largest economy   Read More ...
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Tags: Government |  Parliament |  Politicians |  Xi Jinping |  Economy |  Economics | 
Places: United States |  Asia |  E. Asia |  China | 
Triangle asks Amazon to look at seven sites for its new headquarters
With just two days to go, Triangle economic development officials on Tuesday mailed their pitch to Amazon to build its second headquarters here. States and local leaders across the country have scrambled to put together proposals that would convince the online retail giant to deliver a massive economic investment. Amazon gave the hopefuls until Thursday, and said it would make its choice known next year   Read More ...
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Tags: Economy |  Economics | 
Places: United States | 
Larry Summers: Hassett's analysis of the Trump tax plan is 'dishonest, incompetent and absurd'
This article first appeared in Larry Summers' blog. Kevin Hassett, chair of the Council of Economic Advisers, accuses me of an ad-hominem attack against his economic analysis of the Trump administration's tax plan. I am proudly guilty of asserting that it is some combination of dishonest, incompetent and absurd. TV does not provide space to spell out the reasons why, so I am happy to provide them here   Read More ...
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Tags: Taxes |  Economy |  Economics |  Taxation | 
Places: Americas |  North America |  United States | 
Trump's message to Tsipras: US may boost investments in Greece, a key NATO ally
The flow of U.S. investment to Greece is taking on a new urgency as the Trump administration looks to shore up economic and defense cooperation with a key NATO ally. On Tuesday, President Donald Trump is meeting with Greek Prime Minister Alexis Tsipras to discuss these issues. Foreign Minister Nikos Kotzias, Defense Minister Panos Kammenos, Minister for Economy and Development Dimitri Papadimitriou and Minister for Digital Policy Nikos Pappas accompanied the Greek prime minister   Read More ...
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Tags: Politicians |  Economy |  Finance |  Economics |  Investments |  Donald John Trump | 
Places: Americas |  North America |  United States |  Europe |  S.E. Europe |  Greece | 
U.S. industrial output rises slightly as hurricanes impact lingers
WASHINGTON (Reuters) - U.S. industrial production rebounded modestly in September as the lingering effects of Hurricanes Harvey and Irma hobbled activity at factories, but the outlook for the industrial sector remains bullish amid a strengthening global economy and weakening dollar. The soft industrial production data was offset by another report on Tuesday showing import prices posting their biggest gain in 15 months in September, and steadily rising underlying imported inflation   Read More ...
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Places: Americas |  North America |  United States | 
Will Trump’s tax reform plan help the economy grow?
Former CBO Director Doug Holtz-Eakin and former acting CBO Director Donald Marron on whether President Trump’s tax plan -- which he’s said will reduce taxes for the middle class and corporations -- could help stimulate economic growth.   Read More ...
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Places: Americas |  North America |  United States | 
Pursuit of a Triple Bottom Line: People, Planet and Profits | Mayura Davda-Shah | TEDxSIUKirkee
Creating Employment, improving the environment and thereby developing the economy by reducing the economic differences and making the world a happy place to live in with equality and justice; thereby the importance of socially responsible business models was what shaped Mrs Mayura Davda Shah’s talk. Mayura Davda-Shah has pursued her higher studies in USA - Bachelor of Science in Mechanical Engineering with a Certification in Entrepreneurship & Innovation at Purdue University where she co-invented a mechanism for a wheelchair to help users navigate curbs. She then worked as an engineer at Gulfstream Aerospace - a private jet manufacturing company, where she practiced intrapreneurship in her projects using the cutting-edge 3D printing technology and much more   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States | 
American Express fee accusations get U.S. high court hearing
The U.S. Supreme Court accepted a case that could roil the credit card business, agreeing to consider reviving government allegations that American Express thwarts competition by prohibiting merchants from steering customers to cards with lower fees. A federal appeals court had thrown out the lawsuit, saying the U.S. government and 11 states failed to prove that the American Express rules harmed cardholders, as well as merchants   Read More ...
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Tags: Judiciary |  Law Courts |  Economy |  Economics |  High Court |  Civil Actions | 
Places: Americas |  North America |  United States | 
Charleston ranks in top 10 cities to start a small business
CHARLESTON, SC (WCSC) - Yelp has launched its first-ever Local Economic Outlook report which reveals the cities, neighborhoods, and industries that offer the most opportunity for small businesses to thrive.Charleston landed within the top 10 cities in the country to start a small business.Yelp’s Local Economic Outlook comprises a list of top 50 cities in the U.S. where businesses have the best chance of success, along with the top   Read More ...
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Places: Americas |  North America |  United States |  Charleston | 
U.S. dollar up, yield curve flat, on inflation; stocks pause
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Categories: Business | 
Tags: Inflation | 
Places: Americas |  North America |  United States |  United Kingdom |  New York | 
Taking a Scalpel to Persistent Trade Deficits
Photo President Trump surely remembers when Japan was eating America’s lunch. Back then, in the late 1980s, he was mulling running for president for the first time and using Japan’s trading surpluses as one of his talking points. On September 2, 1987, he took out full page ads in The New York Times, The Washington Post and The Boston Globe to excoriate Japan for building “a vibrant economy with unprecedented surpluses” at the expense of enormous deficits suffered by the United States   Read More ...
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Tags: Economy |  Trade |  Economics |  Trade deficit | 
Places: North America |  United States | 
U.K. Inflation Hits Five-Year High, Raising Prospects of Rate Rise
Updated Oct. 17, 2017 5:42 a.m. ET LONDON—Consumer prices in the U.K. rose in September at the fastest annual rate for more than five years, a pickup that will reinforce expectations the Bank of England could nudge up interest rates as soon as November. Annual inflation in the U.K. accelerated to 3% in September, the Office for National Statistics said Tuesday, the fastest pace of growth in prices for goods and services since early 2012   Read More ...
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Tags: Economy |  Inflation |  Economics | 
Places: Americas |  North America |  United States | 
‘Might finally be time to get on with rate rises’ — analysts on BOE’s next move after inflation report
Consumer price inflation in Britain has bounded to its highest level in more than five years, turning the spotlight on whether that spells action from the Bank of England on the U.K.’s record-low interest rate. The Office for National Statistics said Tuesday that headline annual inflation hit 3% — a full percentage point above the BOE’s target — as food prices increased   Read More ...
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Tags: Economy |  Inflation |  Economics | 
Places: Americas |  North America |  United States | 
UK interest rates set to rise as inflation hits 3 percent
LONDON (AP) — Inflation in Britain has hit 3 percent for the first since early 2012, official figures showed Tuesday — a development that reinforces expectations that the Bank of England will raise interest rates next month for the first time in a decade. The Office for National Statistics said consumer price inflation was 3 percent in the year to September, up from the previous month's 2   Read More ...
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Places: Americas |  North America |  United States |  Europe |  N.W. Europe |  United Kingdom | 
UK inflation hits 5-1/2-year high in September, keeps BoE hike on track
LONDON, Oct 17 (Reuters) - British inflation rose to its highest level in more than five years in September, according to official data that could make the Bank of England more likely to raise interest rates next month. Rising inflation - driven largely by the pound’s fall since last year’s Brexit vote - has squeezed household incomes this year, causing broader economic growth to slow, as wages have failed to keep pace with the rising cost of living   Read More ...
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Tags: Economy |  Inflation |  Economics | 
Places: Americas |  North America |  United States |  Europe |  N.W. Europe |  United Kingdom | 
UK inflation hits 5-1/2-year high in September, keeps BoE hike on track
British inflation rose to its highest level in more than five years in September, according to official data that could make the Bank of England more likely to raise interest rates next month. Consumer prices last month were 3.0 percent higher than a year ago, the Office for National Statistics said on Tuesday, matching economists' average expectation in a Reuters poll and marking the fastest rise since April 2012   Read More ...
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Tags: Economy |  Inflation |  Economics | 
Places: United States |  Europe |  N.W. Europe |  United Kingdom | 
North Korea's economy may not survive another year, defector says
North Korea is so weak its economy might not last long under tough United Nations sanctions, a high-ranking defector said Monday in his first public speaking engagement in the U.S. The former insider's view of dictator Kim Jong Un's oppressive regime comes just as North Korea's deputy U.N. ambassador stepped up the tough talk. "Nuclear war may break out any moment," Kim In Ryong said Monday   Read More ...
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