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Economic Measures Recession

  • Aug 31- Wall Street was higher in late morning trading on Wednesday as upbeat data pointed to strength in the economy. The Commerce Department said consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.3 percent last month after a 0.2 percent gain in June. "The outlook for the U.S. and the global economy, remains...

  • BUENOS AIRES, Aug 30- Argentina's government will forecast economic growth of 3 percent and inflation of 12 percent in 2018 when it presents its budget bill in early September, Senate leader Federico Pinedo told Reuters on Wednesday. "We will be moving towards a lower deficit, much less inflation and more growth," Pinedo, provisional Senate president and a member...

  • 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...

  • Bill Gross is worried that central banks will lead the world into recession

    Bond expert Bill Gross says the Fed and other central banks should use caution when raising interest rates.