Iran's supreme leader bans negotiations with the United States
Iran's Supreme Leader Ayatollah Ali Khamenei on Wednesday banned any further negotiations between Iran and the United States, putting the brakes on moderates hoping to end Iran's isolation after reaching a nuclear deal with world powers in July.
IMF cuts global growth forecasts again, cites commodity and China worries
The International Monetary Fund cut its global growth forecasts for a second time this year on Tuesday, citing weak commodity prices and a slowdown in China and warned that policies aimed at increasing demand were needed.
Greek bank recap, debt talks, can start after review of reforms
Greece must complete the first review of agreed reforms, including the governance of its financial sector, before European creditors can pump in more money to recapitalize Greek banks, the chairman of euro zone finance ministers said.
Machinery makers smell opportunity as China's farms think big
The world's largest makers of tractors and combines are finding a rare opportunity for growth in China despite a sharp slowdown in the world's No. 2 economy, with big farm machines in demand as the rural labor force shrinks and plot sizes grow
Global economy loses steam as Chinese, European factories falter
World economic growth lost momentum in September, with China's factory output shrinking again, euro zone manufacturing growth slowing, and U.S. activity steady.
WTO cites China, U.S., refugee costs as risks to trade growth
World trade will grow by 2.8 percent this year and could be pegged back further by a U.S. interest rate rise, China's economic slowdown or Europe's refugee crisis, the World Trade Organization said on Wednesday.
Cheap robots may shift car making from China to U.S.: Magna CEO
The falling cost of intelligent robots may help repatriate some car manufacturing work away from low-cost locations like China back to factories in Germany and North America, Donald Walker, Chief Executive of auto supplier Magna told Reuters.
Egypt's Sisi swears in new government, keeps ministers in key posts
Egyptian President Abdel Fattah al-Sisi kept his finance, investment and interior ministers in a new government sworn in on Saturday as he tries to rebuild an economy battered by Islamist militant violence.
|
