Business Topics

Obama enlists Republican Gov. Kasich to push for TPP trade deal

Sep 17, 2016

Obama enlists Republican Gov. Kasich to push for TPP trade deal

Ohio’s Republican governor, John Kasich, took over the White House briefing lectern on Friday to praise the 12-nation Trans-Pacific Partnership, an unusual move that shows how hard President Barack Obama will push for the trade deal’s approval. Obama, a Democrat who will leave office ...

Sep 14, 2016

'Safety net' needed to get young consumers to spend more: economist

Kazuhisa Takemura has an idea for helping Japan’s struggling economy: Entice younger consumers to spend more by providing them a financial and emotional cushion. Takemura, a professor of psychology at Waseda University in Tokyo who focuses on decision theory, says that if younger consumers ...

Trump presidency could cost U.S. economy $1 trillion, research firm says

Sep 14, 2016

Trump presidency could cost U.S. economy $1 trillion, research firm says

The U.S. economy could be $1 trillion smaller than otherwise expected in 2021 if Republican candidate Donald Trump wins the presidential election in November, economics research firm Oxford Economics said on Tuesday. While the firm said Trump’s policies — including more protectionist trade measures, ...

Machinery orders rise for second month straight

Sep 12, 2016

Machinery orders rise for second month straight

Core private-sector machinery orders gained for the second month in a row in July, prompting the government on Monday to upgrade its basic assessment of the key indicator for the first time in nine months. The orders, widely taken as a leading indicator of ...

GDP revised upward to 0.7% for April-June quarter

Sep 8, 2016

GDP revised upward to 0.7% for April-June quarter

Japan’s economy expanded at a better-than-estimated 0.7 percent annualized pace in the April-June quarter, according to revised data showing private demand was stronger than earlier reported. An earlier estimate put annualized growth in the quarter at 0.2 percent. The economy grew at a 2.1 ...

Sep 7, 2016

China vetoed from becoming second-biggest Australia farm owner

China would have become the second largest foreign owner of Australian farmland after the United Kingdom if the government had not vetoed the sale to Chinese interests of a major cattle empire, a report showed on Wednesday. The Australian government released the first ever ...