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Economic Measures Recession

  • NEW YORK, Aug 30- Standard& Poor's warned on Wednesday of grim consequences for the U.S. economy if the White House and lawmakers fail to reach a deal to keep the government open and avert a default. The likelihood of either outcome, however, remains slim, with the urgency to address massive damage from Tropical Storm Harvey, the most powerful storm to hit Texas in over...

  • President Donald Trump signed an executive order that prohibits dealings in new debt from the Venezuelan government or its state oil company on Friday in an effort to halt financing that the White House said fuels President Nicolas Maduro's "dictatorship." Maduro, who has frequently blamed the United States for waging an "economic war" on Venezuela, said the...

  • SAO PAULO, Aug 23- A smaller-than-expected rise in Brazil's consumer prices in mid-August pushed annual inflation to a new 18- year low, keeping the central bank on track to cut interest rates aggressively. Slowing inflation in Brazil parallels weakening price pressures in developed economies, where tepid global economic growth has kept central banks on...

  • *South Africa Reserve Bank to cut repo rate in Nov. JOHANNESBURG, Aug 18- South Africa's Reserve Bank is expected to cut interest rates again in November and possibly even September given the relatively tame inflation outlook, a Reuters poll found on Friday. The survey median shows South Africa rates cut by 25 basis points to 6.50 percent in November and then on...

  • Brazil is currently targeting a deficit of 139 billion reais before interest payments. Investors and analysts say the likely revision would only mark a blip in an otherwise solid trajectory toward fiscal austerity that has restored optimism in Brazil, Latin America's largest economy. Fernando Honorato, the chief economist at Brazil's No. 3 listed bank,...

  • LONDON, Aug 4- The global oil industry now appears to be in the early stages of a cyclical expansion which is likely to see prices rise over the next few years, slowly at first but then accelerating later. The boom-bust cycle which started in late 1998, with prices briefly below $10 per barrel, and was only briefly interrupted by the recession of 2008/ 09, ended in...

  • LONDON, Aug 4- The global oil industry now appears to be in the early stages of a cyclical expansion which is likely to see prices rise over the next few years, slowly at first but then accelerating later. The boom-bust cycle which started in late 1998, with prices briefly below $10 per barrel, and was only briefly interrupted by the recession of 2008/ 09, ended in...

  • LONDON, Aug 4- The global oil industry now appears to be in the early stages of a cyclical expansion which is likely to see prices rise over the next few years, slowly at first but then accelerating later. The boom-bust cycle which started in late 1998, with prices briefly below $10 per barrel, and was only briefly interrupted by the recession of 2008/ 09, ended in...

  • LONDON, Aug 4- The global oil industry now appears to be in the early stages of a cyclical expansion which is likely to see prices rise over the next few years, slowly at first but then accelerating later. The boom-bust cycle which started in late 1998, with prices briefly below $10 per barrel, and was only briefly interrupted by the recession of 2008/ 09, ended in...

  • LONDON, Aug 4- The global oil industry now appears to be in the early stages of a cyclical expansion which is likely to see prices rise over the next few years, slowly at first but then accelerating later. The boom-bust cycle which started in late 1998, with prices briefly below $10 per barrel, and was only briefly interrupted by the recession of 2008/ 09, ended in...

  • *BoE keeps Bank Rate at 0.25 pct. LONDON, Aug 3- The Bank of England kept interest rates at a record low again on Thursday and cut its forecasts for growth and wages as it warned that Brexit was weighing on the economy. Governor Mark Carney nonetheless sought to keep alive the possibility of one next year.

  • *BoE keeps Bank Rate at 0.25 pct. LONDON, Aug 3- The Bank of England kept interest rates at a record low again on Thursday and, seeing Brexit weighing on the economy, cut its forecasts for growth and wages. Governor Mark Carney nonetheless sought to keep alive the possibility of one next year.

  • LONDON, Aug 3- The Bank of England kept interest rates at a record low again on Thursday and cut its forecasts for growth and wages as Brexit weighs on the economy. The BoE saw the impact of Brexit-- Britain's leaving the European Union-- dampening household spending power. It now expects Britain's economy to grow by 1.7 percent this year, down from its May forecast of...

  • LONDON, Aug 3- The Bank of England kept interest rates at a record low once again on Thursday and trimmed its forecasts for economic growth both this year and next. It saw the impact of Brexit-- Britain's leaving the European Union-- weighing on households' spending power. The BoE said it now expects Britain's economy to grow by 1.7 percent this year, down from its May...

  • WASHINGTON, July 28- U.S. economic growth in 2015 was the best since 2005 but the momentum ebbed significantly in 2016, with the economy notching its weakest performance since the recession, according to revised government data published on Friday. The Bureau of Economic Analysis, the government agency that compiles gross domestic product data, said the...

  • CAPE TOWN, July 27- South Africa's top tourist hub Cape Town expects a 13 percent jump in tourist arrivals this year to 1.77 million, officials said on Thursday, a rare bright spot in an economy that slid into recession in March,. Cape Town had the country's four most popular attractions, including Robben Island-- apartheid's most notorious jail where former...

  • LONDON, July 27- Britain's finance ministry said on Thursday it had appointed the government's chief economic adviser, Dave Ramsden, as the Bank of England's deputy governor for markets and banking. "Sir Dave's unrivalled experience at the centre of UK economic policy for more than two decades gives him the thorough grounding needed to be successful in his new...

  • "The House, the White House and the Senate have been meeting for a couple months. "We're all on one page, on one unified page," White House economic adviser Gary Cohn said. The White House wants to slash the rate to 15 percent for seven years, while congressional Republicans are trying to settle on a permanent rate that does not increase the deficit.

  • WASHINGTON, July 26- The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds "relatively soon" in a sign of confidence in the U.S. economy. After pushing rates nearly to zero to fight the 2007-2009 financial crisis and recession, the Fed pumped over $3 trillion into the economy in a...

  • WASHINGTON, July 23- Prospects for tighter monetary policy in Europe and other countries could pose a fresh problem for the Federal Reserve when it meets next week to ponder its plan to reduce its $4.2 trillion bond portfolio purchased after the 2008 financial crisis. But at its June meeting this year, as well as raising interest rates for the third time in six...