NEWSWORTHY
Maduro heads to China in bid to bolster Venezuela's collapsing economy
Venezuelan President Nicolas Maduro departed Wednesday for China in search of agreements to bolster the oil-exporting country's collapsing economy. Maduro said the trip was "very necessary, very opportune and full of great expectations." "We are leaving under better conditions, having activated a program of economic recovery, ...
As U.S. job openings reach unprecedented levels, so do resignations
U.S. employers advertised the most jobs on record in July, and the number of workers quitting their jobs also hit a new all-time high. Americans are increasingly taking advantage of a tight labor market to find new, often higher-paying jobs. That could help push up ...
Bashir to sack Sudan Cabinet as economic crisis grows, inflation soars
Sudan President Omar al-Bashir has decided to sack the country's 31-member Cabinet and form a new government to tackle a growing economic crisis, the presidency announced on Sunday. Bashir is expected to announce his decision at a late-night meeting of the top leaders of his ...
U.S. employers added 201,000 jobs in August ; unemployment stays at 3.9 percent
Hiring picked up in August as U.S. employers added a strong 201,000 jobs, a sign of confidence that consumers and businesses will keep spending despite the Trump administration's conflicts with U.S. trading partners. The Labor Department says the unemployment rate remained at 3.9 percent, near ...
Examining the potential economic impact of the quake in Japan's agricultural capital of Hokkaido
Hokkaido, which was struck by a strong earthquake overnight, is a famed area for agriculture and open spaces that accounts for about 3.5 percent of the nation's economy. While there are no economic projections on the damage yet, the magnitude 6.7 quake is the latest ...
Trump tariff fight adds to China's economic challenges as retail, other sectors sag
China faces bigger economic challenges than its trade war with the U.S. Even before tit-for-tat tariffs, growth in the world's No. 2 economy was already forecast to cool from 6.8 percent last year to a still-robust 6.5 percent this year. Communist leaders who are trying to ...
Japan's factory output declines due to natural disasters and slowing exports, raising growth worries
The country's industrial output fell for a third straight month in July, as factory activity struggled to pick up due to slowing exports and flooding that disrupted production. This was compounded by global trade tensions that cloud the export-reliant economy's outlook. Trade ministry data, released ...
Millionaires jumping ship yet another symptom of Brazil's woes
Two thousand Brazilian millionaires left the country in 2017, according to the New World Wealth, a global market research group based in Johannesburg. For the third year in a row, Latin America's largest economy featured in the top ten of countries ranked by the outflow ...
Japan firms welcome skilled foreign workers; majority open to more open immigration system: poll
Most companies support loosening the country’s immigration system to cope with labor shortages, but they favor skilled workers, not an influx of unskilled laborers, a poll shows.
80% of major Japanese firms expect domestic economy to grow in 2018
Over 80 percent of major companies expect the economy to grow toward the end of this year, but most do not see the expansion lasting beyond the 2020 Tokyo Olympics, according to a recent Kyodo News survey. Around 82 percent of the 113 companies surveyed ...
Japan's wholesale prices up 3.1 percent in July on higher energy costs
Japan's wholesale prices rose 3.1 percent in July from a year earlier, reflecting higher energy costs as well as the effect of a heat wave and torrential rain that cut the supply of farm products, the Bank of Japan said Friday. The prices of goods ...
How three women shattered glass ceilings to become the first female chief economists at global banks
There's a particular telephone conversation that HSBC Global Chief Economist Janet Henry has down pat. Here's how it goes: "You get a call from a headhunter," she says. Then Henry inevitably finds herself saying, "No, I'm not interested." But it doesn't end there. "They always ...
