World

Trump administration says U.S. mistakenly backed China WTO accession in 2001

WASHINGTON (Reuters) - The United States mistakenly supported China's membership of the World Trade Organization in 2001 on terms that have failed to force Beijing to open its economy, the Trump administration said on Friday as it prepares to clamp down o

Top News

Trump to tout U.S. economy, urge fair trade at elite Davos forum

WASHINGTON (Reuters) - U.S. President Donald Trump will be entering something of a lion's den when he visits the elitist enclave of Davos next week, rubbing shoulders with the same "globalists" that he campaigned against in winning the 2016 election.

Technology

Bitcoin use under scrutiny in Indonesian island of Bali

JAKARTA/KUTA, Indonesia (Reuters) - Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asia's biggest economy over the risks posed by virtual currencies, an official sa

Business

U.S. housing starts fall; jobless claims hit 45-year low

WASHINGTON (Reuters) - U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains.

Business

U.S. housing starts down sharply on drop in single-family units

WASHINGTON, Jan 18 (Reuters) - U.S. homebuilding fell more than expected in December, recording its biggest drop in just over a year, amid a steep decline in the construction of single-family housing units following two months of hefty gains.

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China's fourth-quarter economic growth beats expectations

BEIJING (Reuters) - China's economy grew faster than expected in the fourth quarter from a year earlier, helped by a rebound in the industrial sector, a resilient property market and strong export growth.

Business

Mining, demand for heating power U.S. industrial production

WASHINGTON (Reuters) - U.S. industrial production increased more than expected in December as unseasonably cold weather at the end of the month boosted demand for heating, but manufacturing output barely rose, pointing to moderate growth in the industrial

Business

Japan central bank to keep policy on hold, offer upbeat inflation view

TOKYO (Reuters) - Japan's central bank is set to maintain upbeat price forecasts next week and paint a slightly better picture of the economy than it did three months ago, signaling its conviction the country is making slow but steady progress in eradicat

World

Guatemalan president reshuffles cabinet halfway through term

GUATEMALA CITY (Reuters) - Guatemalan President Jimmy Morales reshuffled his cabinet on Tuesday, changing his ministers for the environment, the economy and social development as he reached the halfway point of his four-year term.

Technology

U.S. warns investors over Venezuela's 'petro' cryptocurrency

WASHINGTON/CARACAS (Reuters) - The U.S. Treasury Department on Tuesday warned that Venezuela's proposed "petro" cryptocurrency could violate sanctions against the OPEC nation's socialist government, a statement that could dent investor appetite for the so

Business

Year of policy tightening set for early Canadian test

DUBLIN (Reuters) - The Bank of Canada will get the first crack in the coming week at demonstrating whether, as many expect, monetary policy among the world's major economies is set to tighten more in 2018 than in any year since the crisis.

Technology

France to vet takeovers of firms in data and artificial intelligence

PARIS (Reuters) - The French government aims to broaden its powers to block foreign takeovers of French companies deemed as strategic, to also include firms involved in data protection and artificial intelligence ('AI'), the finance minister said on Frida

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China's imports from North Korea plummet in December, lowest for four years

BEIJING (Reuters) - China's imports from North Korea plunged in December to their lowest level in dollar terms since at least the start of 2014, with trade curbed by U.N. sanctions aimed at persuading North Korea to abandon its ballistic missile and nucle

Finance

Walmart wage hike may show wage pressures building for lowest paid

WASHINGTON (Reuters) - Walmart's tit-for-tat minimum wage battle with Target, ratcheting to $11 an hour for the least experienced workers with likely pressure to move higher, may signal broader gains...

Science

U.S. vehicle fuel economy rises to record 24.7 mpg: EPA

WASHINGTON/DETROIT (Reuters) - The fuel economy of new U.S. cars and trucks hit a record 24.7 miles per gallon in the 2016 model year, a government report said, even as some automakers had to buy credits to meet federal requirements.

Business

U.S. producer prices fall; jobless claims up for fourth straight week

WASHINGTON (Reuters) - U.S. producer prices fell for the first time in nearly 1-1/2 years in December amid declining costs for services, which could temper expectations that inflation will accelerate in 2018.

Business

U.S. wholesale inventories rebound strongly in November

WASHINGTON (Reuters) - U.S. wholesale inventories rose slightly more than initially estimated in November, suggesting that inventory investment will probably contribute to economic growth in the fourth quarter.

Business

U.S. import prices post smallest gain in five months

WASHINGTON (Reuters) - U.S. import prices recorded their smallest increase in five months in December and underlying imported price pressures were muted amid declining costs for food and consumer goods.

Business

Asian shares just shy of 2007 peak on earnings optimism

TOKYO (Reuters) - Asian shares hovered just below their 2007 record peak on Wednesday, supported by expectations of solid corporate earnings on the back of synchronized growth in the global economy.

World

Venezuela's Congress declares 'petro' cryptocurrency illegal

CARACAS (Reuters) - Venezuela's opposition-run parliament on Tuesday outlawed a "petro" cryptocurrency promoted by socialist President Nicolas Maduro, calling it an effort to illegally mortgage the cash-strapped country's oil reserves.

Business

U.S. job openings, layoffs fall to six-month lows in November

WASHINGTON (Reuters) - U.S. job openings fell for a second straight month in November, with declines in the manufacturing and real estate sectors, supporting economist forecasts that job growth will slow in 2018.

World

Tunisian protester killed in clashes with police over price hikes, unemployment

TUNIS (Reuters) - One person was killed on Monday during clashes between security forces and protesters in a Tunisian town, a security official and residents said, as demonstrations over rising prices and tax increases spread in the North African country.

Business

Ford to launch diesel truck to grab fuel economy edge

DETROIT (Reuters) - Ford Motor Co plans this spring to offer a diesel engine version of its best-selling F-150 pickup truck, looking to gain a marketing edge as its main rivals ramp up more efficient pickups of their own.

Top News

Williams paints benign picture of Fed rate hikes, strong U.S. economy

PHILADELPHIA (Reuters) - The Federal Reserve should raise interest rates three times this year given the already strong economy will get a boost from tax cuts, and can tighten more or less aggressively if needed, a key U.S. rate-setter said on Saturday.

Top News

Venezuela supermarkets besieged after government forces price cuts

CARACAS (Reuters) - Mobs of Venezuelans gathered outside some Caracas supermarkets on Saturday after President Nicolas Maduro's government forced shops to slash prices, the latest unrest in the country's food shortage crisis.

World

Saudi king orders new allowances to offset rising cost of living

RIYADH (Reuters) - Saudi Arabia's King Salman on Saturday ordered a monthly payment of 1,000 riyals ($267) to state employees over the next year in compensation for rising cost of living after the government hiked domestic gas prices and introduced value-

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