Economy

British Airways suspends flights to Cairo for seven days

July 20, 2019 CAIRO (Reuters) – British Airways and Lufthansa abruptly suspended flights to Cairo from Saturday over security concerns, but giving no details about what may have prompted the move. “We constantly review our ...
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Greek PM says 2020 budget will respect fiscal targets

July 20, 2019 By Angeliki Koutantou and Michele Kambas ATHENS (Reuters) – Greece will submit a 2020 budget later this year that will fully respect the fiscal targets agreed with its lenders, newly elected Prime ...
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Rating agencies knew of stress at India’s IL&FS, but gave good ratings: audit

July 20, 2019 By Abhirup Roy and Aditya Kalra MUMBAI/NEW DELHI (Reuters) – Credit rating agencies for years assigned high ratings to India’s Infrastructure Leasing & Financial Services (IL&FS) and its group companies despite its ...
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Indian govt seeks to tap foreign lenders for loans to its small firms: sources

July 20, 2019 By Aftab Ahmed and Devjyot Ghoshal NEW DELHI (Reuters) – India’s government is in talks with foreign lenders to provide as much as $14.5 billion in credit to millions of its small ...
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CBS stations go dark for DirecTV customers amid contract dispute with AT&T

July 20, 2019 (Reuters) – CBS Corp <CBS.N> and AT&T Inc <T.N> failed to renew their contact, resulting in millions of DirecTV subscribers losing access to CBS programming. CBS television stations in over a dozen ...
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Will ECB walk or just talk as rate circus comes to Europe?

July 20, 2019 By Philip Blenkinsop BRUSSELS (Reuters) – The global march towards lower interest rates reaches Europe this week with the European Central Bank expected at least to signal easier monetary policy, while Turkey’s ...
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Wall Street Week Ahead: Prospect of Fed cut pushing dividend investors into tech, energy

July 20, 2019 By David Randall NEW YORK (Reuters) – An expected interest rate cut by the Federal Reserve later this month is pushing yield-oriented U.S. fund managers further afield in search of income at ...
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A rally and a redirect: why the markets are so focused on the Fed

July 19, 2019 By David Randall, Trevor Hunnicutt and Lewis Krauskopf NEW YORK (Reuters) – When New York Fed President John Williams talked about the need to “vaccinate the economy” on Thursday, markets listened. And ...
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BOJ’s Kuroda says he disagrees with modern monetary theory

July 19, 2019 NEW YORK (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Friday denounced an economic philosophy that encourages the use of government spending as a primary policy tool to boost employment. Speaking ...
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Take Five: Preparing for a prime minister, PMIs and policymakers

July 19, 2019 LONDON (Reuters) – 1/ROAD TO NO. 10 Investors will wake on July 24 to a new British prime minister. Boris Johnson, the face of the Leave campaign in the 2016 Brexit referendum, ...
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UK’s fiscal watchdog to warn of recession in 2020 in case of ‘no-deal’ Brexit: The Times

July 17, 2019 (Reuters) – Britain’s fiscal watchdog is expected to say on Thursday that Britain’s economy will fall into a recession next year and that its economy will be 3% smaller in the event ...
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Japanese official says negotiating teams working hard on U.S.-Japan trade deal

July 17, 2019 WASHINGTON (Reuters) – U.S. and Japanese officials are working hard to reach agreement on a bilateral trade agreement, a senior Japanese official told Reuters on Wednesday, adding he was looking forward to ...
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Brazil government to announce economic stimulus package this week: Bolsonaro

July 17, 2019 (Reuters) – Brazilian President Jair Bolsonaro said on Wednesday that his administration will announce an economic stimulus package this week to revive flagging growth, confirming earlier media reports. Earlier on Wednesday, newspaper ...
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U.S. government report on housing finance reform is ‘essentially done’: regulator

July 17, 2019 By Pete Schroeder WASHINGTON (Reuters) – The Trump administration’s report on overhauling the country’s housing market is “essentially done” and could be released in late August or September, the head of the ...
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Paint makers reach $305 million settlement in California, ending marathon lead poisoning lawsuit

July 17, 2019 By Joshua Schneyer OAKLAND, Calif. (Reuters) – After a 19-year legal struggle, three former makers of lead paint have agreed to a $305 million settlement with California county and city governments to ...
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Fed: Sunny outlook for U.S. despite shade thrown by trade

July 17, 2019 By Howard Schneider and Jason Lange WASHINGTON (Reuters) – The U.S. economy grew at a “modest” rate in recent weeks, with consumers continuing to spend and a “generally positive” outlook overall even ...
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Dollar slips with lower U.S. yields in tight ranges

July 17, 2019 By Richard Leong NEW YORK (Reuters) – The dollar softened against most major currencies on Wednesday in step with lower U.S. bond yields and expectations the Federal Reserve would lower interest rates, ...
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U.S. housing market stuck in a rut even as mortgage rates fall

July 17, 2019 By Lucia Mutikani WASHINGTON (Reuters) – U.S. homebuilding fell for a second straight month in June and permits dropped to a two-year low, suggesting the housing market continued to struggle despite declining ...
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South American bloc eyes fast-track for EU trade deal

July 17, 2019 By Maximilian Heath SANTA FE, Argentina (Reuters) – Leaders from countries in South America’s Mercosur trade bloc met on Wednesday in Argentina, with plans as to how to push forward a recently ...
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Oil service firms eye new survival tactics amid weak U.S. market

July 17, 2019 By Liz Hampton (Reuters) – Packers Plus Energy Services, a company built on the North American shale oil boom, is turning to the Middle East to weather a new round of spending ...
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U.S. mortgage applications drop in latest week: MBA

July 17, 2019 NEW YORK (Reuters) – U.S. mortgage applications decreased last week, led by a drop in loan requests to buy a home, as some home borrowing costs climbed to their highest level in ...
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IMF sees dangers from trade tensions, overvalued dollar

July 17, 2019 By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, the Japanese ...
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Sliding government bond yields keep dollar and euro under pressure

July 4, 2019 By Tommy Wilkes LONDON (Reuters) – The euro was stuck near two-week lows on Thursday and the dollar drifted away from recent highs as sliding government bond yields pressured both currencies. The ...
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South Korea says may retaliate against Japan high-tech export curbs

July 4, 2019 By Ju-min Park SEOUL (Reuters) – South Korea said on Thursday it may retaliate against Japan’s latest export limits on high-tech materials, as a row over forced wartime labor threatened to disrupt ...
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EU’s outgoing chief executive welcomes ‘true European’ von der Leyen

July 4, 2019 BRUSSELS (Reuters) – When the European Union’s outgoing chief executive welcomed his replacement candidate, Germany’s Ursula von der Leyen, on Thursday, his spokesman said they met as “true Europeans who have known ...
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Euro zone May retail sales unexpectedly fall 0.3% month-on-month: Eurostat

July 4, 2019 BRUSSELS (Reuters) – Euro zone retail sales fell in May, bucking economists’ expectations of a slight increase, European Union data showed on Thursday. The EU statistics office Eurostat said high-street sales in ...
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Euro zone bank profitability to dip this year: ECB’s Enria

July 4, 2019 FRANKFURT (Reuters) – The euro zone bank sector’s profitability will dip this year before recovering over the following two years, European Central Bank supervisor Andrea Enria said in Lisbon on Thursday. The ...
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Trump officials say U.S.-China trade talks to resume next week

July 4, 2019 By Jeff Mason WASHINGTON (Reuters) – Top representatives of the United States and China are organizing a resumption of talks for next week to try to resolve a year-long trade war between ...
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World food prices ease in June, dairy prices plunge: U.N. FAO

July 4, 2019 ROME (Reuters) – World food prices eased slightly in June, ending a run of five months of consecutive gains, pushed down by a plunge in the price of dairy products, the United ...
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Puerto Rico oversight board sues governor over pension law

July 4, 2019 By Luis Valentin Ortiz SAN JUAN (Reuters) – Puerto Rico’s federally created financial oversight board sued the bankrupt U.S. commonwealth’s governor and fiscal agency on Wednesday over a new law that transfers ...
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Brazil mining trade group slams Senate royalty proposals

July 3, 2019 By Marta Nogueira RIO DE JANEIRO, Brazil (Reuters) – An association of Brazilian mining companies on Wednesday criticized some proposals made a day earlier by a Senate committee that spent months investigating ...
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Canada proposes meat export solution, pushes back on China’s criticism

July 3, 2019 By Rod Nickel and David Ljunggren (Reuters) – Canada offered a plan to reassure China about the security of its meat export system, a Canadian minister said on Wednesday, as Ottawa rejected ...
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ECB can provide more stimulus, must stick to mandate: Lane

July 1, 2019 HELSINKI (Reuters) – The European Central Bank has room to ease policy further if needed and should let there be no doubt about its “absolute commitment” to meeting its inflation mandate, ECB ...
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China central bank says will play active role in responding to trade frictions

July 1, 2019 BEIJING (Reuters) – China’s central bank said on Monday it will play a “proactive role” in responding to trade frictions with the United States. “At present, we must pay special attention to ...
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Zimbabwe finmin says individuals can withdraw U.S. cash after ending dollarisation

July 1, 2019 HARARE (Reuters) – Individuals will be allowed to withdraw cash U.S. dollars from foreign currency accounts but companies will be limited, Zimbabwe’s Finance Minister Mthuli Ncube told lawmakers in parliament on Monday ...
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