Category Archives: Economy

Consumers drive UK economy, defying expected Brexit vote hit

By David Milliken and William Schomberg | LONDON Britain’s free-spending consumers again confounded warnings that June’s Brexit vote would cause an immediate slowdown in the country’s economy, driving robust growth in the final three months of 2016, data showed on

South Korea to boost economic cooperation with China amid THAAD concerns

By Christine Kim | SEOUL Worried that Beijing is punishing it over plans to deploy a U.S. anti-missile system, South Korea on Thursday said it will look to improve communication and cooperation with China to resolve difficulties faced by South

German Economy Minister: Upswing to continue despite Brexit, U.S. risks

German Economy Minister Sigmar Gabriel said on Wednesday he expects the upswing in Europe’s biggest economy to continue this year, albeit at a slightly slower rate, and that uncertainties linked to Brexit and future U.S. policies have increased. He told

South Korea economy falters in fourth quarter as consumption, construction slump amid political crisis

South Korea’s economic growth retreated further in the last quarter of 2016, the Bank of Korea said on Wednesday, as a sharp slowdown in construction investment and private consumption took hold in the face of a deepening political crisis. The

Euro zone starts year with solid economic growth, but risks ahead

By Jonathan Cable | LONDON The euro zone started 2017 by maintaining solid economic growth as a weaker currency boosted orders for goods and services, a survey showed, but rising political risks could soon take their toll. Growth in Germany’s

PIMCO sees slowing UK economy but worst over for sterling

By Kirsten Donovan | LONDON After a court ruled on Tuesday that the legal process for Brexit cannot be triggered without parliament’s approval, sterling portfolio manager Mike Amey of Pacific Investment Management Co (PIMCO) said the British economy was likely

German government holds 2017 growth forecast at 1.4 percent – sources

The German government will leave its 2017 forecast for economic growth unchanged at 1.4 percent despite uncertainties surrounding the policies of U.S. President Donald Trump, coalition sources told Reuters on Monday. Economy Minister Sigmar Gabriel will present the latest forecast

Japan government keeps its economic assessment in January

Japan’s government has kept unchanged the overall assessment of the economy made last month – that it is recovering gradually though pockets of weakness remain. Wages and labour conditions are improving, the government said while warning of uncertainties in the

European stocks close lower as investors await Brexit plan; Essilor up by 11% on merger news

European stocks closed lower on Monday as investors awaited more detail on the U.K.’s Brexit plan and the inauguration of President-elect Donald Trump in the U.S. later this week. Symbol Name Price Change %Change Volume FTSE FTSE 7327.13 -10.68 -0.15%

German economy surges at fastest rate in five years

By Michael Nienaber and Joseph Nasr | BERLIN The German economy expanded at the fastest pace in five years in 2016 and the growth momentum is expected to continue this year as rising private and state spending help Germany cement