Economics

India's Central Bank Cuts Rates, Outlook

October 04, 2019 at 2:52 PM

India’s central bank has dropped its prime lending rate for the fifth time to help spur the country’s economy, now expected to expand by 6.1% rather than 6.9% in the fiscal year ending next March 31.

U.S. Jobless Rate Drops to 50-Year Low

October 04, 2019 at 12:58 PM

Unemployment in the U.S. fell in September to 3.5%, its lowest level since December 1969, from 3.7% in in August, the Dept. of Labor reports.

Report: Only 0.5% Growth for German Economy

October 02, 2019 at 9:50 AM

Germany’s gross domestic product will expand by just 0.5% this year and 1.1% in 2020, according to a group of the country’s economic institutes.

Japan Raises Consumption Tax to 10%

October 01, 2019 at 12:58 AM

Today Japan boosted its general consumption tax rate to 10% from 8% to help pay for government welfare programs for the country’s aging population.

Trump: Impeachment Probe Threatens USMCA

September 27, 2019 at 10:57 AM

President Donald Trump says a congressional impeachment inquiry again him could distract Congress and jeopardize approval of the U.S.-Mexico-Canada Agreement.

U.S. Agrees Not to Add Tariffs on Japanese Cars

September 26, 2019 at 2:20 PM

The Trump administration confirms it won’t impose new tariffs on imported cars from Japan as long as U.S.-Japan trade talks continue to make progress.

Carmakers Warn of “Catastrophic” No-Deal Brexit

September 24, 2019 at 12:03 AM

Trade groups say a no-deal exit from the European Union by the U.K. will trigger a “seismic shift” in trade conditions that threatens the future of the British auto industry.

World Economic Growth Headed for 10-Year Low?

September 19, 2019 at 12:06 PM

Growth in the global economy is sliding toward its lowest pace since the Great Recession a decade ago, says the Paris-based Organization for Economic Cooperation and Development.

Fed Cuts Interest Rates Again

September 18, 2019 at 4:50 PM

As expected, the Federal Reserve lowered its benchmark interest rate by one-quarter percentage point to a range of 1.75%-2%.

Oil Prices Surge After Attacks on Saudi Facilities

September 16, 2019 at 3:18 PM

Drone attacks on oil processing facilities in Saudi Arabia on Saturday caused petroleum prices to surge 20% to nearly $72 per barrel on Monday.

Report: U.S. Won’t Hike Tariffs on Japanese Cars

September 16, 2019 at 8:06 AM

The U.S. reportedly has agreed not to impose new tariffs on cars from Japan as part of a tentative trade agreement slated to be announced next week.

Trump Delays Hike for China Tariffs by 2 Weeks

September 12, 2019 at 12:09 AM

President Donald Trump says the U.S. will suspend until Oct. 15 its plan to hike tariffs on some $250 billion worth of Chinese goods.