Third bailout for Greece realistic: Eurogroup head
BRUSSELS (Reuters) – Greece’s financial troubles will not end in 2014 and it is therefore realistic to expect the debt-laden country will need additional money from the euro zone before it can return to markets, the head of euro zone finance ministers …
China says Syria strike would hurt world economy
ST PETERSBURG, Russia (Reuters) – China warned on Thursday that a military strike on Syria would hurt the global economy, in particular by causing oil prices to rise, and reiterated its calls for a political solution to the civil war.
Insight: Syria’s economy goes underground as black market thrives
ONCUPINAR, Turkey/LONDON (Reuters) – With his truck fully laden with vegetable oil, driver Mustafa Demir makes his regular trip to the Syrian border from Turkey to sell to rebels desperate for provisions as war closes off normal trade channels.
Lingering uncertainty as Fed officials weigh trimming QE3
PORTLAND, Ore/LA CROSSE, WI (Reuters) – One top Federal Reserve official said on Wednesday he was open-minded about reducing stimulus this month, as investors largely expect the central bank to do, while another policymaker said the U.S. central bank s…
Boeing: China needs 5,580 new aircraft over next 20 years
BEIJING (Reuters) – China will need 5,580 commercial aircraft worth some $780 billion over the next 20 years, according to a statement released by Boeing Co on Thursday.
Analysis: U.S. Treasuries rout may be far from over
NEW YORK (Reuters) – It has already been a horrid year for investors in U.S. Treasuries – and it could easily get much worse.
Analysis: India’s inverted yield curve fails rupee and slams economy
SINGAPORE (Reuters) – Viewed in one light, India’s steeply inverted yield curve is the result of a deliberate and classic policy strategy to defend a weak currency. From another perspective, it is pointing at deep economic problems to come, possibly ev…
BOJ keeps policy steady, says economy recovering
TOKYO (Reuters) – The Bank of Japan kept monetary policy steady on Thursday and revised up its assessment of the economy, encouraged by growing signs the benefits of its stimulus policy are broadening.
India scrambling to reduce oil bill inflated by sinking rupee
NEW DELHI/SINGAPORE (Reuters) – India’s top oil official is grasping at desperate measures to cut the country’s oil costs by nearly $20 billion after the rupee’s slide to record lows has left India facing an oil bill potentially 50 percent higher than …
Glitch hits Nasdaq system at center of trading outage
NEW YORK (Reuters) – Nasdaq OMX Group said the system at the center of the Nasdaq exchange’s three-hour trading halt on August 22 had a six-minute outage on Wednesday for a small number of stock symbols, but the issue had been resolved and trading was …
