World Economy Economic Regions

  • LONDON— Inflation in the 19- country eurozone doubled in September to near two-year highs as the impact of lower oil prices began to fade, official figures showed Friday, in a development that's likely to ease pressure on the European Central Bank to provide more stimulus next month. Eurostat, the European Union's statistics agency, said the annual rate of...

  • Sept 29- PepsiCo Inc reported better-than-expected quarterly net revenue and profit, helped by higher demand for beverages and Frito-Lay snacks in North America. Revenue has fallen for the last eight quarters, hurt by high inflation in some Latin American economies such as Venezuela and Argentina and weak demand in Europe. Net income attributable to PepsiCo...

  • Financial information company IHS Markit said its purchasing managers' index— a broad gauge of economic activity— across the single currency bloc fell in September to 52.6 points from 52.9 the previous month. Though the firm did not single out any one factor for the slowdown, such as unease over Britain's vote to leave the European Union, a more detailed look...

  • *Beige Book shows little sign of U.S. wage pressure. NEW YORK, Sept 7- A gauge of global equity markets reached its highest level in over a year on Wednesday and U.S. But comments from Richmond Fed President Jeffrey Lacker and Kansas City Federal Reserve President Esther George on Wednesday hinted that the possibility of a rate increase in September remained on the...

  • *Beige Book shows little sign of wage pressure. NEW YORK, Sept 7- A gauge of global equity markets was slightly higher after touching its highest level in over a year on Wednesday and U.S. But comments from Richmond Fed President Jeffrey Lacker and Kansas City Federal Reserve President Esther George on Wednesday hinted that the possibility of a rate hike in...

  • CAPE TOWN/ PORT ELIZABETH, Sept 7- South Africa's economy is likely to grow more than initially forecast this year but the pace remains slow and subject to risks including drought-induced food inflation, the finance minister and central bank governor said on Wednesday. Governor Lesetja Kganyago said the South African Reserve Bank is likely to revise its 2016...

  • *Nasdaq touches record intraday high. Sept 7- The S&P 500 index and the Dow were slightly lower on Wednesday as investors awaited a key report by the Federal Reserve to gauge the health of the U.S. economy. The Federal Reserve is scheduled to release its Beige Book- a summary of commentary on economic conditions- at 2:00 p.m. ET.

  • *Nasdaq touches record intraday high. Sept 7- The S&P 500 index and the Dow were slightly lower on Wednesday as investors awaited a key report by the Federal Reserve to gauge the health of the U.S. economy. The Federal Reserve is scheduled to release its Beige Book- a summary of commentary on economic conditions- at 2:00 p.m. ET.

  • *Global stocks near 13- month high. NEW YORK, Sept 7- A gauge of global equity markets moved to a near 13- month high on Wednesday and U.S. The Federal Reserve is scheduled to release its Beige Book- a summary of commentary on economic conditions- at 2 p.m. EDT on Wednesday.

  • *Apple to launch iPhone 7 later on Wednesday. Sept 7- The Nasdaq touched a record intraday high on Wednesday, helped by gains in technology shares, while the S&P 500 index and the Dow were little changed. "We've had three to four pieces of relatively disappointing economic data, so that puts some focus on today's Beige Book," said Art Hogan, managing director of...

  • *Apple to launch iPhone 7 later on Wednesday. Sept 7- Wall Street was set to open little changed on Wednesday as investors sought more clues on the timing of the next interest rate hike. "We've had three to four pieces of relatively disappointing economic data, so that puts some focus on today's Beige Book," said Art Hogan, managing director of Wunderlich Equity...

  • BEIJING, Aug 5- China's regional economies showed a marked divergence in performance in the first half of 2016, with provinces reliant on steel making and mining reporting weak or no growth but some larger cities thriving. The northeastern steel-making province of Liaoning reported its economy shrank by 1 percent in the first half of 2016 from the same period...

  • July 27- Coca-Cola Co reported lower-than-expected quarterly revenue due to weakness in China and certain Latin American economies, and the company warned of no improvement in those markets for the rest of the year. Sales in China are being pressured as wholesalers bring down inventory levels in response to weakening consumer environment in the country,...

  • BERLIN, July 7- Germany's chambers of commerce lowered its sights for exports to Britain on Thursday, forecasting a darkening trade outlook as the impact of Britons' vote to leave the European Union seeps into the euro zone economy. Trade ties between Britain and Germany, Europe's largest economy, are close: Britain is Germany's fifth-biggest trading partner...

  • WEDNESDAY, JULY 6 VESTAL, United States- Federal Reserve Bank of New York President William Dudley meets with Binghamton University researchers and Southern Tier Regional Economic Development Council members to discuss economic development projects, and tours the BU Innovate Technologies Complex- 1200 GMT. FRANKFURT- European Central Bank governing...

  • LONDON, June 27- Goldman Sachs sees Europe's Stoxx 600 falling more than five percent over the next three months as the regional economy and corporate earnings suffer a post-Brexit slowdown. The index was down 2.2 percent at 315.08 points by 0841 GMT. Strategists at Goldman Sachs recommend investors cut exposure to insurance and travel sectors in Europe.

  • The survey from the Angus Reid Institute on Monday come as protectionist sentiment swells in the United States, where voters at both ends of the political spectrum question the economic benefits of NAFTA. The U.S. Congress is hesitating to ratify a new 12- nation trade pact, the Trans-Pacific Partnership, which also includes Canada and Mexico.

  • *Africa's richest man piling in to oil and gas. LAGOS, June 24- Africa's richest man, Aliko Dangote, plans to launch Nigeria's first private crude oil refinery by 2019 while almost doubling his cement production on the continent by adding plants in eight countries as he shrugs off a regional economic downturn. Until recently, Nigeria was Africa's biggest crude oil...

  • NEW YORK/ SAO PAULO, June 6- The airlines circling Panama- based Avianca Holdings SA and its Brazilian cousin show that Latin America retains an attraction for foreign carriers, even in the midst of a regional economic slump, as local currencies nosedive. United Continental Holdings Inc and Delta Air Lines Inc are vying with China's HNA Group for a chance to buy...

  • *Major Middle East producers ramp up output ahead of OPEC meeting. SINGAPORE, June 1- Oil prices fell over 1 percent on Wednesday as production from major Middle East exporters was expected to remain high or even increase just as concerns over the state of China's economy weighed on its fuel demand outlook. Most analysts said OPEC will continue to focus on...