News in Economics

Sort by ratingciting

China third-quarter GDP grows 6.8 percent year-on-year, meets expectations

FILE PHOTO: A night view of the old houses surrounded by new apartment buildings at Guangfuli neighbourhood in Shanghai, China, April 10, 2016. I REUTERS/Aly Song/File Photo. BEIJING (Reuters) - China’s economy grew 6.8 percent in the third quarter from a year earlier, official data showed on Thursday, in-line with expectations and below the previous quarter’s growth as fixed asset investment growth slowed. Analysts polled by Reuters had ... Full story

China's Economic Growth Remains Intact as Party Leaders Meet

A member of the Chinese People's Liberation Army stands at Tiananmen Square in Beijing. China’s economic expansion broadly maintained its momentum in the third quarter, fueled by robust factory output and consumer spending. - Gross domestic product increased 6.8 percent in the third quarter from a year earlier, matching the estimate in Bloomberg’s survey, after a 6.9 percent expansion in the two previous quarters. - Retail sales jumped 10.3 ... Full story

Asia stocks edge up, await China GDP, dollar rises as yields spike

A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, September 22, 2017. REUTERS/Toru Hanai. TOKYO (Reuters) - Asian stocks inched up to near decade highs on Thursday, continuing to ride on a global equities rally, while the dollar resumed its rise on the back of a spike in U.S. yields. Trade was cautious, however, as investors waited for third-quarter economic growth data from China at 0200 GMT, which is ... Full story

China's economic growth edges down in latest quarter

CHINA'S ECONOMIC GROWTH EDGES DOWN IN LATEST QUARTER. BEIJING (AP) — China's economic growth edged down in the latest quarter but was buoyed by strength in retail spending and exports. Government data released Thursday showed the world's second-largest economy grew at a 6.8 percent annual pace in the three months ending in September, down from the previous quarter's 6.9 percent. Economic activity has been unexpectedly strong this year, but ... Full story

China's Third-Quarter GDP Rises 6.8% on Year, Matching Estimates

China's third-quarter GDP grew 6.8 percent year on year, matching estimates. Full story

Rail operator CSX reduces locomotives in maintenance program

A CSX coal train (R) moves past an idling CSX engine at the switchyard in Brunswick, Maryland October 16, 2012. REUTERS/Gary Cameron. (Reuters) - CSX Corp ( CSX.O ), the No. 3 U.S. railroad operator, will slash the number of locomotives served by a long-term maintenance agreement, a move that cuts service bills under the agreement by some $3.3 billion, company filings showed on Wednesday. CSX said it exercised “certain rights” this past August ... Full story

Top startup investors see mounting 'backlash' against tech

Sam Altman, President of Y Combinator, speaks at the Wall Street Journal Digital Conference in Laguna Beach, California, U.S., October 18, 2017. REUTERS/Lucy Nicholson. LAGUNA BEACH, Calif. (Reuters) - Two of the technology industry’s top startup investors took to the stage at a conference on Wednesday to decry the power that companies such as Facebook Inc ( FB.O ) had amassed and call for a redistribution of wealth. Bill Maris, who founded ... Full story

Bank of Korea Holds Key Rate as Investors See Hike on Horizon

South Korea’s central bank held its key interest rate at a record low on Thursday amid expectations that policy makers will begin mulling the timing of a rate increase before too long. The decision to keep the seven-day repurchase rate at a record-low 1.25 percent, unchanged since June 2016, was expected by all 17 economists surveyed by Bloomberg. Despite a reasonably healthy economy and inflation near the Bank of Korea’s target, uncertainty ... Full story

Living in… the world's most emotional countries

GDP may be used to measure a country's economy, but it doesn’t tell you what it’s like to live in a certain place. That's partly why Bhutan chooses to measure GNH, or Gross National Happiness, instead. To address the intangible factors that make up a country and its people, Gallup regularly conducts a Global Emotions Report . The survey, which covers 148 countries, aims to see how often residents feel positive or negative emotions on a ... Full story

China reports third-quarter gross domestic product

Guang Niu | Getty Images. A tourist guide holds an umbrella featuring a panda pattern in front of Tiananmen Gate in Beijing, China. China reported third-quarter growth data Thursday that met expectations. The country's National Bureau of Statistics said its third-quarter GDP growth was 6.8 percent compared to the same period last year, a day after President Xi Jinping made big promises for the country's economic future during a pivotal ... Full story