Philadelphia News

Saudi Arabia joins IMF’s SDDS standard for official statistics: SPA DUBAI (Reuters) – Saudi Arabia joined the International Monetary Fund’s (IMF) Special Data Dissemination Standard (SDDS) for publishing government financial and economic data, state news agency SPA reported on Thursday. “This standard will contribute to the availability of real-time and comprehensive statistics leading to increased […]

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© Reuters. Dome of the U.S. Capitol Building WASHINGTON (Reuters) – The U.S. House of Representatives approved a stopgap funding measure on Thursday that would avoid a government shutdown by maintaining current spending levels through Nov. 21. The action sends the measure to the U.S. Senate for consideration. To take effect, the legislation would need […]

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Brazil to free up 12.5 billion reais to ease budget squeeze: source BRASILIA (Reuters) – Brazil’s government will free up 12.5 billion reais ($3 billion) of discretionary spending in its latest bi-monthly spending and revenue report, an Economy Ministry source told Reuters on Thursday. The move, to ease the pressure on departmental budgets following spending […]

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© Reuters. Investing.com – Stocks pulled back from early gains after a China expert who has President Donald Trump’s ear said the United States could impose much larger tariffs on Chinese goods unless a trade deal is agreed to soon. Michael Pillsbury, American director of the Center on Chinese Strategy at the Hudson Institute in […]

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WASHINGTON (Reuters) – The U.S. House of Representatives prepared to vote on Thursday on a stopgap government funding bill that would avoid a government shutdown on Oct. 1 by maintaining current spending levels until Nov. 21. The measure, known as a continuing resolution or CR, is intended to give lawmakers additional time to agree on […]

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By John Revill and Angelika Gruber ZURICH (Reuters) – The Swiss National Bank’s decision to raise the threshold for the country’s banks before they are hit with negative interest rates could halve the amount they end up paying the central bank, analysts’ calculations suggest. The SNB on Thursday increased the exemption threshold above which commercial […]

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WASHINGTON (Reuters) – U.S. home sales unexpectedly rose to a 17-month high in August for a second straight month of gains, the latest sign that lower mortgage rates are encouraging buyers off the sidelines. The National Association of Realtors said on Thursday existing home sales increased 1.3% to a seasonally adjusted annual rate of 5.49 […]

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© Reuters. Anti-Brexit protesters demonstrate outside the Supreme Court in London By Estelle Shirbon LONDON (Reuters) – Boris Johnson’s decision to suspend parliament in the run-up to Brexit will come under attack in Britain’s Supreme Court on Thursday from one of his predecessors as prime minister and Conservative Party leader, John Major. The court began […]

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(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.  Leading indicators of China’s trade performance are pointing to a bad situation becoming worse, adding pressure on negotiators meeting with U.S. counterparts this week to inch toward a deal that would stave off the arrival of […]

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By Lucila Sigal BUENOS AIRES (Reuters) – In South America’s capital of romance, Argentine lovers are cutting back on one important cost: contraception. Amid a biting recession, a sharp currency devaluation and painful inflation, sales of condoms and birth control pills have tumbled, pharmacists and manufacturers say. “The devaluation of the peso is killing me,” […]

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