Economy News Headlines

  • Employees work on floor of outsourcing company WNS in Mumbai
    U.S. Senate panel approves immigration bill Reuters - 1 hour 12 minutes ago

    WASHINGTON (Reuters) - A U.S. Senate panel on Tuesday passed a sweeping immigration bill that would give millions of illegal immigrants a path to citizenship. The Senate … More »U.S. Senate panel approves immigration bill

    Employees work on floor of outsourcing company WNS in Mumbai

    WASHINGTON (Reuters) - A U.S. Senate panel on Tuesday passed a sweeping immigration bill that would give millions of illegal immigrants a path to citizenship. The Senate Judiciary Committee voted 13-5 in favor of the legislation that, if enacted, would represent the most significant overhaul of the U.S. immigration system …

  • U.S. Senator Wyden speaks to the media after the Democratic policy luncheon on Capitol Hill in Washington
    Democrats call for controls on tax-exempt groups at IRS hearing Reuters - 2 hours 45 minutes ago

    By Gabriel Debenedetti and David Lindsey WASHINGTON (Reuters) - As they joined Republicans on Tuesday in bashing the Internal Revenue Service for targeting conservative … More »Democrats call for controls on tax-exempt groups at IRS hearing

    U.S. Senator Wyden speaks to the media after the Democratic policy luncheon on Capitol Hill in Washington

    By Gabriel Debenedetti and David Lindsey WASHINGTON (Reuters) - As they joined Republicans on Tuesday in bashing the Internal Revenue Service for targeting conservative groups that sought tax-exempt status, Senate Democrats had another target: the regulations that require the tax agency to weigh the political activity of …

  • Tom Coburn (R-OK) addresses the Reuters Washington Summit in the Reuters newsroom in Washington
    Oklahoma senators embrace disaster aid after opposing Sandy relief bil … Reuters - 3 hours ago

    By David Lawder WASHINGTON (Reuters) - Amid expressions of horror, grief and resolve over the devastating tornado that smashed into suburban Oklahoma City, many lawmakers … More »Oklahoma senators embrace disaster aid after opposing Sandy relief bil …

    Tom Coburn (R-OK) addresses the Reuters Washington Summit in the Reuters newsroom in Washington

    By David Lawder WASHINGTON (Reuters) - Amid expressions of horror, grief and resolve over the devastating tornado that smashed into suburban Oklahoma City, many lawmakers expressed relief on Tuesday that they took action in January to bulk up the FEMA disaster relief fund. But Oklahoma's two senators, both Republicans, …

  • Bank of Japan Governor Haruhiko Kuroda arrives at the G7 Finance Ministers meeting in Aylesbury, southern England
    Bank of Japan may seek to ease bond market jitters, policy seen on hol … Reuters - 3 hours ago

    By Leika Kihara and Stanley White TOKYO (Reuters) - The Bank of Japan is expected to stand pat on monetary policy on Wednesday despite jitters over the recent volatility … More »Bank of Japan may seek to ease bond market jitters, policy seen on hol …

    Bank of Japan Governor Haruhiko Kuroda arrives at the G7 Finance Ministers meeting in Aylesbury, southern England

    By Leika Kihara and Stanley White TOKYO (Reuters) - The Bank of Japan is expected to stand pat on monetary policy on Wednesday despite jitters over the recent volatility in bond markets, hoping it can prevent a renewed spike in yields by fine-tuning market operations. The central bank may front-load bond purchases or offer …

  • William Dudley speaks during the Asia Society and Economic Club of New York luncheon, in New York
    Fed officials dampen talk of imminent bond buying cutback Reuters - 4 hours ago

    By Jonathan Spicer and Paul Carrel NEW YORK/FRANKFURT (Reuters) - Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would … More »Fed officials dampen talk of imminent bond buying cutback

    William Dudley speaks during the Asia Society and Economic Club of New York luncheon, in New York

    By Jonathan Spicer and Paul Carrel NEW YORK/FRANKFURT (Reuters) - Two senior Federal Reserve officials on Tuesday played down the chances that the U.S. central bank would signal a readiness to reduce its bond buying at its meeting next month, dampening speculation the Fed's ultra-easy monetary policy might end soon. New …

  • Bank of Canada Governor Mark Carney arrives at the G7 Finance Ministers meeting in Aylesbury, southern England
    Carney agrees with King - Bank of England not a "one-man show" Reuters - 5 hours ago

    By Leila Lemghalef MONTREAL (Reuters) - The next head of the Bank of England, Mark Carney, agreed on Tuesday with current Governor Mervyn King that the Bank could not … More »Carney agrees with King - Bank of England not a "one-man show"

    Bank of Canada Governor Mark Carney arrives at the G7 Finance Ministers meeting in Aylesbury, southern England

    By Leila Lemghalef MONTREAL (Reuters) - The next head of the Bank of England, Mark Carney, agreed on Tuesday with current Governor Mervyn King that the Bank could not be run as a one-man show. King made his remarks in a television show broadcast on Sunday, during which he also urged Carney not to bring to Britain the policy …

  • The Euro currency sign is seen in front of the European Central Bank headquarters in Frankfurt
    Fed's Bullard recommends euro zone consider quantitative easing Reuters - 5 hours ago

    By Paul Carrel and Eva Kuehnen FRANKFURT (Reuters) - A top U.S. Federal Reserve official urged the European Central Bank on Tuesday to consider employing a U.S.-style … More »Fed's Bullard recommends euro zone consider quantitative easing

    The Euro currency sign is seen in front of the European Central Bank headquarters in Frankfurt

    By Paul Carrel and Eva Kuehnen FRANKFURT (Reuters) - A top U.S. Federal Reserve official urged the European Central Bank on Tuesday to consider employing a U.S.-style quantitative easing programme to counter slowing inflation and recession in the euro zone. The ECB has engaged in bond purchases in the past but has always …

  • Pipes are seen as land is cleared from ordnance and mines in the massive Majnoon oil field, on February 7, 2012, in Iraq
    IMF urges Iraq to build fiscal buffers AFP - 5 hours ago

    The International Monetary Fund on Tuesday urged Iraq to build up its weak fiscal buffers as the oil producer's economy remains highly vulnerable to the oil market. More »IMF urges Iraq to build fiscal buffers

    Pipes are seen as land is cleared from ordnance and mines in the massive Majnoon oil field, on February 7, 2012, in Iraq

    The International Monetary Fund on Tuesday urged Iraq to build up its weak fiscal buffers as the oil producer's economy remains highly vulnerable to the oil market.

  • Boats are moored near houses in Millport, Scotland
    Scotland says better off without Britain, but with the pound Reuters - 8 hours ago

    By William James LONDON (Reuters) - Ending Britain's 306-year rule would allow Scotland to reverse generations of economic mismanagement and free its lawmakers to boost … More »Scotland says better off without Britain, but with the pound

    Boats are moored near houses in Millport, Scotland

    By William James LONDON (Reuters) - Ending Britain's 306-year rule would allow Scotland to reverse generations of economic mismanagement and free its lawmakers to boost economic growth, say Scottish nationalists campaigning to split from the UK. Independence would not only bring the long-standing and sometimes-troubled …

  • Palestinian president Mahmud Abbas addresses a meeting in the West Bank city of Ramallah, on April 2, 2013
    Abbas 'to attend' Jordan World Economic Forum AFP - 9 hours ago

    Palestinian president Mahmud Abbas is to attend the World Economic Forum on the Middle East and North Africa region, which takes place in Jordan later this week, an official … More »Abbas 'to attend' Jordan World Economic Forum

    Palestinian president Mahmud Abbas addresses a meeting in the West Bank city of Ramallah, on April 2, 2013

    Palestinian president Mahmud Abbas is to attend the World Economic Forum on the Middle East and North Africa region, which takes place in Jordan later this week, an official said.

  • Nigeria's central bank governor Lamido Sule Lamido speaks at conference on banking reforms in Nigeria in Lago
    Nigeria cbank holds rates at 12 percent for 10th time Reuters - 9 hours ago

    By Camillus Eboh ABUJA (Reuters) - Nigeria's central bank kept interest rates at 12 percent for the 10th time in a row on Tuesday, citing successes in stabilising the … More »Nigeria cbank holds rates at 12 percent for 10th time

    Nigeria's central bank governor Lamido Sule Lamido speaks at conference on banking reforms in Nigeria in Lago

    By Camillus Eboh ABUJA (Reuters) - Nigeria's central bank kept interest rates at 12 percent for the 10th time in a row on Tuesday, citing successes in stabilising the naira and lowering inflation as reasons to stay the course with tight monetary policy. Central bank governor Lamido Sanusi said higher government spending …

  • A photographer takes pictures through a glass carrying the International Monetary Fund logo during a news conference in Bucharest
    IMF says Egypt budget gap worrying, urges Yemen to finalise economic p … Reuters - 10 hours ago

    By Martin Dokoupil DUBAI (Reuters) - Egypt's worsening fiscal gap is a concern but the International Monetary Fund is still ready to continue talks on a $4.8 billion … More »IMF says Egypt budget gap worrying, urges Yemen to finalise economic p …

    A photographer takes pictures through a glass carrying the International Monetary Fund logo during a news conference in Bucharest

    By Martin Dokoupil DUBAI (Reuters) - Egypt's worsening fiscal gap is a concern but the International Monetary Fund is still ready to continue talks on a $4.8 billion loan once Cairo completes a review of its economic programme, a senior IMF official said. "We are ready to engage with them on reviewing and finalising the …

  • German Chancellor and head of the Christian Democratic Union (CDU) Angela Merkel gestures during her speech in a beer tent in Munich May 15, 2013. REUTERS/Michaela Rehle
    Analysis - German households pay for lower industrial power prices Reuters - 10 hours ago

    By Henning Gloystein and Vera Eckert LONDON/FRANKFURT (Reuters) - German households are paying for ever cheaper wholesale power supplies to industry as the government … More »Analysis - German households pay for lower industrial power prices

    German Chancellor and head of the Christian Democratic Union (CDU) Angela Merkel gestures during her speech in a beer tent in Munich May 15, 2013. REUTERS/Michaela Rehle

    By Henning Gloystein and Vera Eckert LONDON/FRANKFURT (Reuters) - German households are paying for ever cheaper wholesale power supplies to industry as the government uses money from soaring domestic bills to subsidise renewable energy, in turn creating overcapacity on the country's grid. Chancellor Angela Merkel accelerated …

  • Cars drive over a pothole along a road near Kiev
    In Ukraine, no way to avoid a bumpy ride Reuters - 11 hours ago

    By Olzhas Auyezov KIEV (Reuters) - As the snow and ice began to melt in Ukraine this spring, exposing fresh cracks and potholes in the roads, hundreds of motorists gathered … More »In Ukraine, no way to avoid a bumpy ride

    Cars drive over a pothole along a road near Kiev

    By Olzhas Auyezov KIEV (Reuters) - As the snow and ice began to melt in Ukraine this spring, exposing fresh cracks and potholes in the roads, hundreds of motorists gathered outside a government building carrying unusual burdens. They laid them down like funeral wreaths -- torn-off bumpers, crushed shock absorbers and ruptured …

  • British PM Cameron speaks during a news conference at the United Nations headquarters in New York
    UK says on right track as IMF review nears Reuters - 11 hours ago

    LONDON (Reuters) - Britain stood its ground on its approach to fixing the weak economy on Tuesday, a day before the International Monetary Fund is expected to call for … More »UK says on right track as IMF review nears

    British PM Cameron speaks during a news conference at the United Nations headquarters in New York

    LONDON (Reuters) - Britain stood its ground on its approach to fixing the weak economy on Tuesday, a day before the International Monetary Fund is expected to call for a softening of its austerity push. "Our view is that the economy is healing and we are on the right road, but we have to stick to it," a spokesman for Prime …

More Latest News »
 

Top Stories

  • Microsoft touts Xbox One as all-in-1 entertainment
    Microsoft touts Xbox One as all-in-1 entertainment

    REDMOND, Wash. (AP) — Microsoft thinks it has the one.

  • The Irish loophole behind Apple's low tax bill

    By Tom Bergin LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. Senate investigation has revealed that Apple, maker of iPhones, iPads and Mac computers, had channeled profits into Irish-incorporated subsidiaries that had "no declared tax residency anywhere in the world". ...

  • Apple CEO makes no apology for company's tax strategy
    Apple CEO makes no apology for company's tax strategy

    By Patrick Temple-West and Kevin Drawbaugh WASHINGTON (Reuters) - Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. The Senate Permanent Subcommittee on Investigations has found that Apple in 2012 alone avoided paying $9 billion in U.S. taxes, using a strategy involving three offshore units with

  • Sprint raises Clearwire offer, not enough for some
    Sprint raises Clearwire offer, not enough for some

    By Sinead Carew (Reuters) - Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share on Tuesday under pressure from activist shareholders, but the new bid failed to impress several big investors. Clearwire shares traded around the new offer price after Sprint was forced to revise its original $2.97 per share offer just hours before a scheduled shareholder vote on the deal. Analysts and investors had predicted that the original bid would not have

  • The top iPhone and iPad apps on App Store

    App Store Official Charts for the week ending May 20, 2013:

  • US looks to end Myanmar sanctions after landmark visit
    US looks to end Myanmar sanctions after landmark visit

    A key US senator on Tuesday backed an end to US sanctions on Myanmar after a landmark visit by the country's reformist leader, signaling a new normalization in relations despite rights concerns.

  • Deals of the day -- mergers and acquisitions

    (Adds Sprint Nextel, Dish Network, DBS Group, France Telecom,Natixis, Alere Inc, EDF and others) May 21 (Reuters) - The following bids, mergers, acquisitionsand disposals were reported by 2000 GMT on Tuesday: ** Sprint Nextel Corp said its Japanese suitorSoftBank Corp granted it a waiver allowing it toconsider a $25.5 billion rival bid by Dish Network Corp, as pressure mounts on SoftBank to sweeten its offerfor the No. 3 U.S. wireless carrier. ** Sprint Nextel raised its buyout offer for

  • Sony to assess spin-off proposal for entertainment business: Nikkei
    Sony to assess spin-off proposal for entertainment business: Nikkei

    (Reuters) - Sony Corp is considering evaluating a proposal from top shareholder Third Point LLC to spin off part of its movie and music business, Japanese daily Nikkei reported. Sony's U.S. listed shares rose 9 percent on Tuesday on the New York Stock Exchange. Billionaire hedge fund investor Daniel Loeb last week called on the company to spin off its lucrative entertainment arm, setting the stage for a clash between his activist Wall Street fund and management at the Japanese electronics

Malaysia

Stocks

  • Asian stocks cheered by Fed reassurance, yen awaits BOJ

    By Ian Chua SYDNEY (Reuters) - Asian stocks rose on Wednesday following a positive lead from Wall Street with Japan's Nikkei reaching a 5-1/2 year high, while the yen took a defensive stance ahead of the ...

  • Daily Markets Briefing: STI down 0.3%
    Daily Markets Briefing: STI down 0.3%

    Index likely to slide further, says analyst. OCBC Investment Research said: The still muted reactions on Wall Street overnight are unlikely to provide any strong cues to the local bourse this morning. ...

  • NYSE stocks posting largest volume increases

    A look at the 10 biggest volume gainers on New York Stock Exchange at the close of trading: Denali Fund : Approximately 17,700 shares changed hands, a 408.2 percent increase over its 65-day average volume. ...

  • NYSE stocks posting largest volume decreases

    A look at the 10 biggest volume decliners on New York Stock Exchange at the close of trading: American Strategic Income Portfolio : Approximately 2,900 shares changed hands, a 85.2 decrease from its 65-day ...

  • Nasdaq stocks posting largest volume decreases

    A look at the 10 biggest volume decliners on Nasdaq at the close of trading: ASB Bancorp Inc. : Approximately 200 shares changed hands, a 96.5 decrease from its 65-day average volume. The shares rose $.05 ...

  • NYSE stocks posting largest percentage decreases

    A look at the 10 biggest percentage decliners on New York Stock Exchange at the close of trading: hhgregg Inc. fell 11.9 percent to $13.75. Kosmos Energy Ltd. fell 6.5 percent to $11.15. Schawk Inc. fell ...

  • Nasdaq stocks posting largest volume increases

    A look at the 10 biggest volume gainers on Nasdaq at the close of trading: Ascent Solar Technologies Inc. : Approximately 10,097,000 shares changed hands, a 4,744.9 percent increase over its 65-day average ...

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    3.02000.00+0.05%
    USDMYR=X
    3.90290.01+0.18%
    EURMYR=X
    4.57690.00+0.08%
    GBPMYR=X
    33.96920.00+0.01%
    MYRJPY=X
    2.39710.00+0.05%
    SGDMYR=X
    2.5699-0.00-0.05%
    MYRHKD=X
    3,233.4446-1.61-0.05%
    MYRIDR=X
    2.0332-0.00-0.04%
    MYRCNY=X
    2.9563-0.00-0.10%
    AUDMYR=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,378.801.20+0.09%
    GCM13.CMX
    22.580.12+0.53%
    SIN13.CMX
    100.23-2.84-2.75%
    ^XAU
    3.34-0.00-0.04%
    HGN13.CMX
    95.72-0.46-0.48%
    CLN13.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    0.83-0.01
    ^FVX
    1.94-0.02
    ^TNX
    3.15-0.03
    ^TYX

Currencies

Personal Finance