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U.S. economy poised for big second quarter, IHS flash Markit PMIs show
An index that tracks U.S. manufacturers and a gauge for service-oriented companies both tapered off slightly in June but still showed the U.S. economy expanding at a strong pace, according to IHS Markit's flash PMIs. The manufacturing index slipped to a ...
Canadian Economy Falters on Stalled Inflation, Retail-Sales Drop
Canada’s economy showed unexpected weakness in the second quarter, recording sluggish readings for both inflation and retail sales that have dampened the outlook for Bank of Canada rate hikes. The consumer price index recorded an annual pace of 2.2 ...
Kaloyeros helped rig bids on economic development projects, witness testifies in federal trial
Alain Kaloyeros took part in a scheme to rig bids to favor a certain Buffalo developer, a former executive at the development company testified Thursday as part of a cooperation agreement. Prosecutors have accused Kaloyeros of colluding with two ...
South Korean president in Russia to boost economic ties
MOSCOW (AP) — South Korean President Moon Jae-in is in Moscow on a state visit intended to boost bilateral economic ties. Russian President Vladimir Putin greeted Moon Friday in an elaborate Kremlin ceremony before they sat down for talks. At the start ...
Global Economy Week Ahead: Soft patch, facade, or great decoupling?
LONDON (Reuters) - A rare synchronized expansion among major world economies that was cheered on by markets and policymakers may be already unraveling, with only the near-term prospects for the United States looking significantly better. There is plenty of ...