Tag Archives: economic

China economic growth slips to weakest since 2009, demand ebbs as trade war bites

BEIJING (Reuters) – China’s economic growth cooled to its weakest pace since the global financial crisis in the third quarter, with regulators pledging further policy support as a years-long campaign to tackle debt risks and the trade war with the United States began to bite. FILE PHOTO: A worker puts finishing touches to an iPal social robot, designed by AvatarMind, ...

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Wall St. slides as Saudi Arabia, Italy add to economic concerns

NEW YORK (Reuters) – U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy’s budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors’ appetite for risk amid global trade tensions and rising interest rates. The benchmark S&P 500 index closed just ...

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‘We Are in an Economic Boom’: White House Advisor Explains Why Investors Can Still Be Confident

A top White House economic official is encouraging investors to stay the course after last week’s severe plunge in the stock market. President Trump’s chief economic advisor, Larry Kudlow, says the overall picture still looks great. “These kinds of corrections are absolutely normal. This one, so far, is rather moderate. I think it’s about 5 percent or so, 6 percent. ...

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Mexico says new U.S. trade deal won’t block other economic relations

MEXICO CITY (Reuters) – Mexico’s Foreign Minister Luis Videgaray told his Chinese counterpart in a phone call on Saturday that Mexico’s new trade deal with the United States and Canada will not impede economic relations with other countries, according to a foreign ministry statement. Mexico’s Foreign Minister Luis Videgaray gives a speech to senators during a plenary session of Mexico’s ...

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S&P 500 pares losses from China economic concerns

NEW YORK (Reuters) – The S&P 500 was little changed on Monday as concerns mounted about the impact on China’s economy from trade tensions between the United States and China. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 3, 2018. REUTERS/Brendan McDermid Beijing announced a steep cut in the level of ...

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