Economic News
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Asian stocks hold near 14-month peak on Fed relief
TOKYO (Reuters) - Asian shares edged closer to 14-month highs on Friday while the dollar was on the defensive as investors grew more convinced that the Federal Reserve is settling into a phase of very gradual interest rate hikes.
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U.S. job market firming; tight inventories constraining housing
WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits unexpectedly fell last week to a two-month low, pointing to labor market strength that could pave the way for the Federal Reserve to raise interest rates by December.
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Clinton proposes 65 percent tax on U.S. billionaire estates
WASHINGTON (Reuters) - Democratic U.S. presidential nominee Hillary Clinton on Thursday proposed raising taxes on inherited property to 65 percent for the largest estates as she bolstered plans for tax hikes on the wealthiest Americans.
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Japan finance minister: Government to tackle reform as BOJ reboots policy framework
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday that the government must tackle structural reform and carry out its plans to spur the economy, following the Bank of Japan's decision to reboot its monetary policy framework.
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Dollar on track for weekly losses in wake of Fed, Bank of Japan
TOKYO (Reuters) - The dollar gained in Asian trading on Friday but was on track to end a tumultuous week with losses after the Federal Reserve trimmed its long-term interest rate expectations and the Bank of Japan rebooted its monetary policy framework.
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Oil dips on technical selling after two days of strong rises
SINGAPORE (Reuters) - Oil prices eased on Friday, pulled down by a technical sell-off following two sessions of strong rises and on caution ahead of a gathering of OPEC ministers next week in Algeria to discuss possible production cooperation to rein in global oversupply.
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California ballot has record number of local revenue measures
SAN FRANCISCO (Reuters) - A record number of local tax and bond measures will fill the California ballot this November, including over $32 billion of proposed funding for education, infrastructure and homeless services.
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Japan September flash manufacturing PMI shows expansion for first time in seven months
TOKYO (Reuters) - Japanese manufacturing activity expanded for the first time in seven months in September, a preliminary survey showed on Friday, in a tentative sign that economic growth could pick up pace.
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French business lobby groups urge extension of EU-U.S. trade talks
PARIS (Reuters) - French business lobbies called on Thursday for the extension of talks between the European Union and the United States on a free trade deal, even as the French government called for an end to the negotiations.
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U.S. states' sluggish revenue dims outlook for financial year 2017 budgets: study
(Reuters) - Drooping U.S. state tax revenue in the first half of 2016 could put holes in the states' budgets for fiscal 2017, according to a report by the Rockefeller Institute of Government released on Thursday.




