Currency Exchange Oulton Broad

Economy News Headlines - Yahoo! News
Get the latest economy news headlines from Yahoo! News. Find breaking economy news, including analysis and opinion on top economy stories, photos and more.

Turkmenistan agrees trans-Afghan pipeline gas deals
23 May 2012 at 5:37am
AVAZA, Turkmenistan (Reuters) - Turkmenistan agreed on Wednesday to supply natural gas to Pakistan and India in deals that offer major economic benefits but depend on building and defending a U.S.-backed pipeline across chronically unstable Afghanistan. The route, particularly the 735-km (450-mile) leg through the Afghan provinces of Herat and Kandahar, will need billions of dollars in funding. It faces significant security problems as the Western NATO alliance plans to hand control of Afghanistan to Kabul's own security forces by the middle of next year. ...
Morocco eyes possible dollar bond in Sept/Oct: Official
23 May 2012 at 5:12am
ABU DHABI (Reuters) - Morocco is considering a potential dollar-denominated international bond of up to $1 billion in September or October, a senior finance and economy ministry official said on Wednesday. "It would be our first issue in dollars and give us the opportunity to diversify," said El Hassan Eddez, deputy director, treasury and external finance at the ministry's debt office. "(If issued) it would be an important size, between $500 million and $1 billion," he said, speaking on the sidelines of an Arab Monetary Fund conference, adding an issue could come in September or October. ...

China says to step up policy fine-tuning to spur growth
23 May 2012 at 5:11am

BEIJING (Reuters) - China will step up policy fine-tuning to support the economy, Premier Wen Jiabao said on Wednesday, the latest signal that Beijing will take further action to fight slowing growth. The latest Reuters poll shows that private sector economists expect China's growth to ease to 7.9 percent in the second-quarter from an 8.1 percent annual rate in Q1. They forecast full-year growth of 8.2 percent. The government would bring forward key investment projects laid out under the 12th five-year plan (2011-15) and launch other projects that could promote development of the economy. ...

China's economic growth will ease further this year, presenting policy makers in Beijing with the challenge of preventing an excessively abrupt slowdown, the World Bank said in a report Wednesday.

LONDON (Reuters) - Oil fell on Wednesday on growing hopes of a deal between Iran and the United Nations nuclear watchdog, which eased fears of oil supply disruption, while concerns over the debt crisis in the euro zone and a slowing Chinese economy weighed on demand. The U.N.'s International Atomic Energy Agency expects to sign a deal with Iran soon to unblock investigations suspected work on nuclear bombs in the oil-producing country. This improved the prospects for talks with Tehran to stop a drift towards conflict. Brent crude fell $1.27 to $107.14 per barrel. U.S. ...

Skepticism that European Union leaders will be able to cobble together a plan to kick-start the region's faltering economy and deal with its crippling debt crisis hit stock markets hard Wednesday.

Doubts that European Union leaders will come even close to cobbling together a plan to kick-start the region's faltering economy sent world stock markets lower Wednesday.

TOKYO (Reuters) - The Bank of Japan kept monetary policy steady on Wednesday but warned of lingering risks to the country's recovery prospects, a sign it was saving ammunition in case Europe's deepening debt crisis warrants further supportive action to shield the economy. The central bank said it would conduct policy appropriately to beat deflation, but did not repeat the vow of powerful easing it has used in post-meeting statements since August 2010. Some market players interpreted this as a sign the BOJ may scale back its ultra-loose policy, a view its governor quickly dismissed. ...