wall street record rally falters as banks, health stocks weigh

the six-day streak was sparked a week back by president donald trump's vow of a 'phenomenal' tax announcement, and fueled by optimism that his plans for corporate deregulation will expand the economy.

2017-02-16 11:28:45  

u.s. housing starts fall; building permits hit one-year high

u.s. homebuilding fell in january as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track. factor

2017-02-16 11:26:47  

uk 'reassured' by gm's plans for vauxhall cars

britain's economy minister greg clark said thursday he was "reassured" by general motors' plans for its european interests, including britain's vauxhall, amid talk of a takeover by france's psa group. "there is

2017-02-16 11:22:58  

greece's plea: no more austerity under the bailout deal

athens, greece (ap) — greece's economy has met its budget targets and there is therefore no reason for further austerity measures to be imposed as part of a deal with bailout creditors, the government spokesman said thursday.

2017-02-16 10:07:46  

south africa's woolworths banks on cosmetics as profit dips

by tj strydom johannesburg (reuters) - south african retailer woolworths holdings aims to double its share of the country's beauty products market in three years, its chief executive said, as the group reported a drop in half-year profit. s

2017-02-16 09:39:15  

dollar knocked back as fed effect wanes

a rise in january inflation numbers on wednesday and testimony from u.s. federal reserve chief janet yellen that it would be unwise to let the u.s. economy "run too hot", heightened expectations u.s. interest rates will rise within mon

2017-02-16 09:10:59  

south africa's zuma says govt will act against banks accused of forex rigging

johannesburg (reuters) - south africa's president jacob zuma told parliament on thursday the government would come down hard on the local banks accused in a report by the competition watchdog of rigging the rand currency. "this matter

2017-02-16 08:38:38  

global stocks hit all-time high thanks to donald trump's promises and strong economic data

global stocks scaled new all-time highs on thursday, spurred by a double whammy of robust economic data and lingering confidence in the trump administration’s promises to cut taxes and roll back regulation. the msci's all country world inde

2017-02-16 08:18:00  

european central bank: 'no room for complacency' on recovery

frankfurt, germany (ap) — top european central bank officials saw "no room for complacency" when it came to supporting the economic recovery with continued stimulus at least through the end of the year.

2017-02-16 08:14:56  

nigeria raises 160 bln naira bonds at yields below inflation

by oludare mayowa lagos (reuters) - nigeria has raised 160 billion naira ($525 million) in local currency bonds at its second debt auction this year at yields lower than the inflation rate in africa's biggest economy, the debt management of

2017-02-16 06:56:51  

nigeria's eurobond 8 times oversubscribed, shows confidence

the london stock exchange says nigeria's $1 billion eurobond is eight times oversubscribed and demonstrates international confidence despite the oil-producing nation's economic woes. the 15-year bond offering ...

2017-02-16 06:55:50  

four famines mean 20 million may starve in the next six months

by tom miles geneva (reuters) - more than 20 million people - greater than the population of romania or florida - risk dying from starvation within six months in four separate famines, u.n. world food programme chief economist arif husain says.

2017-02-16 05:20:52  

four famines mean 20 million may starve in the next six months

by tom miles geneva (reuters) - more than 20 million people - greater than the population of romania or florida - risk dying from starvation within six months in four separate famines, u.n. world food programme chief economist arif husain says.

2017-02-16 04:36:39  

nigeria not sure yet how much to borrow from world bank -minister

nigeria has not decided yet how much it wants to borrow from the world bank, its budget minister said on wednesday, to help pay for record spending of $24 billion this year. diplomats and officials told reuters last week the oil producer plans t

2017-02-16 03:42:17  

gold rises as dollar gives up gains; u.s. rates in focus

gold prices rose on thursday as the dollar drifted down from one-month highs hit in the previous session on upbeat u.s. economic data that boosted the prospects of an interest rate hike by the federal reserve next month. u.s. retail sales rose m

2017-02-16 02:55:42  

nigeria not sure yet how much to borrow from world bank: minister

nigeria has not decided yet how much it wants to borrow from the world bank, its budget minister said on wednesday, to help pay for record spending of $24 billion this year. diplomats and officials told reuters last week the oil producer plans t

2017-02-16 02:13:17  

mexico hails big year for tourism in 2016

mexico enjoyed a banner year in 2016 for tourism, hitting "historic highs" in part due to a spike in the number of us travelers drawn in by the weakened peso, the government said. a total of 35 million foreign visitors went to mexico l

2017-02-15 11:50:37  

asian stocks mixed on upbeat us data, rate hike expectations

seoul, south korea (ap) — asian stocks were mixed thursday as investors took profit amid expectations that the federal reserve could raise interest rates more aggressively than expected following upbeat u.s. economic data.

2017-02-15 11:30:30  

boj's kuroda warns low rates may sow seeds of new financial crisis

bank of japan governor haruhiko kuroda said low profitability at financial institutions could sow the seeds of a new financial crisis, offering his strongest warning to date of the demerits of aggressive monetary easing pursued by major central

2017-02-15 09:20:11  

treasury secretary mnuchin, japan finmin aso hold phone talks

japanese finance minister taro aso spoke by phone with newly sworn-in u.s. treasury secretary steven mnuchin on thursday but they did not discuss currencies, a japanese finance ministry official said. the u.s. senate on monday voted to confirm t

2017-02-15 09:02:17  

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