Economy News
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Bank of Canada's Carney says Europe needs big reforms
MONTREAL - Europe could face a decade of stagnation unless it makes big reforms and it should heed the lessons of Japan, Bank of Canada Governor Mark Carney said on Tuesday as he highlighted Japan's bold moves to bolster growth.
UK says on right track as IMF review nears
LONDON - Britain's government 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.
Inflation falls in April, giving more leeway for stimulus
LONDON - British inflation fell twice as fast as expected last month, giving incoming Bank of England governor Mark Carney more leeway to support the economy with more stimulus should the recovery weaken.
Breakaway Scotland to face high saver protection costs
LONDON - The cost of protecting Scottish savers would prove difficult to bear if the country broke away from the rest of the UK, a study by the Treasury said on Monday.
Small firms increase complaints about lending squeeze
LONDON - The number of small companies complaining about bank loans to Britain's top financial arbitrator rose sharply last year, supporting persistent claims by companies they are being denied access to finance despite a government push to boost lending.
Government backs push for alternative small firm funding sources
LONDON - British firms should look for funding outside the banking sector, Business Secretary Vince Cable said on Monday, marking the latest effort to generate growth among small- and medium-sized businesses (SMEs).
Labour calls for country-by-country tax reporting
LONDON - The Labour party, tapping into widening public anger over corporate tax avoidance, wants the government to push for new international rules to force companies to report profit and tax payments country-by-country.
Bank of England's Weale sees chance of stimulus after Carney arrival
BIRMINGHAM - The Bank of England may have more scope to boost the economy after Mark Carney starts as governor because of tentative signs of lower inflation ahead, a member of its policymaking body said on Friday.
UK economic underperformance could hit pound
LONDON - Sterling is likely to fall sharply against the dollar in the coming months, as the British economy lags a U.S. recovery and on expectations a new Bank of England chief will push for significant monetary easing.
UK trade may struggle to stand still after EU exit
GENEVA - As Prime Minister David Cameron struggles to accommodate eurosceptics in his own party, trade experts warn that quitting the European Union would force Britain not just to rework trade relations with the EU, but also with the EU's trade partners and probably the World Trade Organization.
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| DOW | 15,387.58 |  +52.30 |
+0.34% |
| S&P 500 | 1,669.16 | +2.87 |
+0.17% |
| NASDAQ | 3,502.12 | +5.69 |
+0.16% |
| TR US Index | 151.47 | +0.24 |
+0.16% |
Sector Summary
| Energy |  -0.03% |
| Basic Materials | +0.03% |
| Industrials | +0.35% |
| Cyclical Goods & Services | +0.26% |
| Non-Cyclical Goods & Services | +0.01% |
| Financials | +0.23% |
| Healthcare | +0.72% |
| Technology | +0.03% |
| Telecoms | -0.21% |
| Utilities | -0.03% |
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