Reuters Economy

Chinese city economies need to cut reliance on real estate: state media

SHANGHAI (Reuters) - China's regional economies need to reduce their reliance on the property market for growth and focus on sustainable longer-term development, the Communist Party's People's Daily wrote on Wednesday. "All areas should focus on their own urbanization processes,...

Wednesday, January 2, 2019, 1:31 AM

China April factory growth edges up marginally, export orders shrink: Caixin PMI

BEIJING, (Reuters) - Growth in China's manufacturing sector unexpectedly picked up in April as output quickened slightly, a private survey showed on Wednesday, though a decline in export orders reinforced risks to the outlook as firms continued to shed staff while...

Tuesday, May 1, 2018, 11:06 PM

Trump trade chief wants to open China, not change its economic system

By David Lawder WASHINGTON (Reuters) - U.S. President Donald Trump's chief trade negotiator said on Tuesday he was not looking to negotiate changes to China's state-driven economic system in trade talks in Beijing this week but would seek to expose it to...

Tuesday, May 1, 2018, 11:06 PM

Asian shares steady, dollar near four-month high before Fed decision

By Masayuki Kitano SINGAPORE (Reuters) - Asian equities held steady on Wednesday, while the dollar traded near a four-month high as investors await the Federal Reserve's upcoming policy statement for clues on the future pace of U.S. monetary tightening...

Tuesday, May 1, 2018, 11:06 PM

Oil steady on Iran sanction worries, but surging U.S. supplies cap market

By Henning Gloystein SINGAPORE (Reuters) - Oil prices were stable on Wednesday, supported by concerns that the United States may re-impose sanctions on major exporter Iran, although soaring U.S. supplies capped gains. Brent crude oil futures...

Tuesday, May 1, 2018, 11:06 PM

Oil pares gains, market supported by Iran worries

By Osamu Tsukimori TOKYO (Reuters) - Oil prices held steady on Tuesday as the dollar remained near a four-month high, with crude supported by worries that U.S. President Donald Trump may pull out of the Iran nuclear deal. U.S. West Texas...

Tuesday, May 1, 2018, 4:39 AM

Boom time comes early to West Texas oil patch

By Ann Saphir MIDLAND, Texas (Reuters) - In West Texas, rising oil prices are fueling a sharp economic upswing, lifting employment and pay to records, driving up spending at hotels, restaurants, and car dealerships,...

Tuesday, May 1, 2018, 4:39 AM

UK factory growth sinks to 17-month low in April, further cuts chance of BoE hike in May

LONDON (Reuters) - British manufacturing growth slid to a 17-month low in April, extending a run of mediocre economic data and further reducing the chances of an interest rate hike by the Bank of England next week. Markit/CIPS UK Manufacturing Purchasing...

Tuesday, May 1, 2018, 4:39 AM

U.S. House may vote on Dodd-Frank changes in May: majority leader

By Lawrence Delevingne and Katanga Johnson BEVERLY HILLS, Calif./WASHINGTON (Reuters) - The U.S. House of Representatives could vote in May on a bill easing bank rules adopted after the 2007-2009 global financial crisis, a leading Republican lawmaker said on...

Monday, April 30, 2018, 9:15 PM

U.S. postpones steel tariff decision for U.S. allies until June 1

WASHINGTON (Reuters) - President Donald Trump has postponed a decision on imposing steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached an agreement in principle with Argentina, Australia and Brazil, a source familiar with the...

Monday, April 30, 2018, 9:15 PM

Japan final April factory PMI points to domestic bounce, export weakness

TOKYO (Reuters) - Japanese manufacturing activity expanded at a faster pace in April than the previous month, a revised survey showed on Tuesday, as new orders accelerated in a sign the economy is recovering from an expected rough patch in the first quarter...

Monday, April 30, 2018, 9:15 PM

Euro near three-and-a-half-month lows as dollar cements gains

By Tommy Wilkes LONDON (Reuters) - The euro fell on Tuesday, heading towards a 3-1/2 month low as weaker-than-expected economic data at the start of the week dented euro zone sentiment ahead of the U.S. Federal Reserve's policy decision....

Monday, April 30, 2018, 9:15 PM

U.S. stock futures pare losses after U.S. extends tariff exemptions

By Hideyuki Sano TOKYO (Reuters) - U.S. stock futures pared small losses while Asian shares were little changed on Tuesday after the U.S. extended the deadline on steel and aluminum tariffs by one month to major allies. S&P mini futures...

Monday, April 30, 2018, 9:15 PM

Trump delays metal tariffs on Canada, EU, Mexico, exempts some others

By David Lawder WASHINGTON (Reuters) - U.S. President Donald Trump has postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico until June 1, and has reached agreements for permanent exemptions for Argentina,...

Monday, April 30, 2018, 9:15 PM

China eases restrictions on foreign ownership of securities ventures

BEIJING (Reuters) - China's securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation period...

Sunday, April 29, 2018, 12:27 AM

Ex-Wynn Resorts CEO files defamation lawsuit against former employee - WSJ

(Reuters) - Steve Wynn, who resigned in February as chief executive of Wynn Resorts Ltd <WYNN.O> following allegations of sexual misconduct, has filed a defamation lawsuit against a former employee of the casino company, the Wall Street Journal reported on Saturday...

Saturday, April 28, 2018, 11:08 PM

U.S., China trade tensions a pressing concern for Southeast Asia - Singapore PM

SINGAPORE (Reuters) - Singapore Prime Minister Lee Hsien Loong said on Saturday a mounting trade spat between the United States and China was one of the most pressing concerns for Southeast Asian nations. Lee flagged his concerns in remarks made as he...

Friday, April 27, 2018, 11:46 PM

Cuba's first cabinet meet under new president tackles tricky economy

HAVANA (Reuters) - Communist-run Cuba's first cabinet meeting under new President Miguel Diaz-Canel focused on corruption and a cash crunch hurting the economy, state-run media reported on Thursday. Diaz-Canel took office from his mentor Raul Castro last...

Friday, April 27, 2018, 1:06 AM

Asian shares claw higher after U.S. tech shares bounce

By Masayuki Kitano SINGAPORE (Reuters) - Asian shares rose on Friday after U.S. equities were buoyed by a rebound in technology stocks, while markets in Seoul were underpinned by optimism as leaders of North and South Korea held their first summit in over a...

Friday, April 27, 2018, 12:53 AM

Dollar at three-and-a-half-month high on elevated yields, euro soft after ECB

By Hideyuki Sano TOKYO (Reuters) - The dollar held near a 3-1/2-month high against a basket of currencies on Friday as higher U.S. yields prompted an unwinding of short positions in the currency while the euro was hampered by a dovish tone from the European...

Friday, April 27, 2018, 12:53 AM