China reassures that fiscal policy still expansionary despite deficit cutBEIJING: China's fiscal policy remains supportive for economic growth this year despite a rare cut in the government's budget deficit target, Finance Minister Xiao Jie said on Wednesday, as markets wo...
EU to present Trump trade war riposteThe EU will Wednesday set out plans to strike back against US President Donald Trump's threatened steel and aluminium tariffs, with flagship US products such as jeans, motorbikes and whiskey in the cr...
For many factory towns, white collar job loss hurts the mostERIE: With the abandoned smokestacks off the bay and ramshackle factories along 12th Street, it's easy to pin the blame for this industrial city's plight on the loss of manufacturing jobs to China and...
Exxon CEO struggles to reverse Tillerson’s legacy of failed betsHOUSTON: Exxon Mobil Corp's $200 million write-down last month on abandoned ventures in Russia - once its next big frontier - points to challenges facing Chief Executive Darren Woods in his second yea...
Kenya can’t accountfor $400 million of public moneyKenya's government cannot account for $400 million in public funds, according to a damning report from the auditor general highlighting the country's failure to crack down on graft and misuse of state...
CEE currencies to firm on growth, interest rate outlookBUDAPEST: Central Europe's main currencies are expected to strengthen in the next 12 months on the back of healthy economic growth and expectations for monetary tightening, a Reuters poll of analysts...
Michael Bloomberg to launch $20m anti-tobacco watchdogPhilanthropist Michael Bloomberg announced on Wednesday that he will spend $20 million (16.13 million euros) to launch a watchdog to detect and expose deceptive practices by the tobacco industry. The...