African beacon Botswana prepares for tight election
23 Oct 2014 | 5:51 am
By Joe Brock and Tiisetso Motsoeneng GABORONE (Reuters) - Botswana will on Friday hold what are expected to be its closest elections since gaining independence from Britain 48 years ago as President Ian Khama's ruling party faces growing dissent in a country often heralded as a beacon of African democracy. Khama's Botswana Democratic Party (BDP) is expected to win a reduced majority, extending the grip on power it has held since 1966. There is, however, growing support for opposition parties who say change is needed with economic growth slowing and unemployment stuck at around 20 percent. ...
Spanish jobless figure drops as economy picks up
23 Oct 2014 | 5:37 am
MADRID (AP) — Spain's unemployment rate dropped to 23.7 percent in the third quarter from 24.5 percent in the previous three-month period thanks to a recovering economy and a bumper summer tourism season, official statistics showed Thursday.
German industry downgrades growth forecast
23 Oct 2014 | 5:19 am
The German BDI industry federation downgraded Thursday its growth forecast for the current year as the outlook for Europe's biggest economy continues to cloud over. BDI chief Markus Kerber said the federation is now pencilling in growth of 1.2-1.4 percent for the current year, after already cutting the forecast in September. BDI had already revised downwards its growth forecast for 2014 from 2.0 percent to 1.5 percent in September to take into account the economic fallout from the different geopolitical crises around the world which was weighing on investment. "The German economy is suffering above all from weak investment," Kerber said, pointing to high unemployment and weak growth across the entire eurozone and the crises in the Middle East and Ukraine.
Eurozone business activity picks up in October
23 Oct 2014 | 5:06 am
Business activity in the 18-nation eurozone strengthened slightly in October, a key survey showed Thursday, but overall the economy remained weak with new orders low and pressure on prices. Markit Economics said its Composite Purchasing Managers Output Index (PMI) rose marginally to 52.2 points in October from a 10-month low of 52.0 points in September. "The rough patch is not over, with many details in the PMI survey warranting caution," Berenberg Bank economist Christian Schulz said. Alarmingly, the survey picked up an unexpected slowdown in new orders which registered "the smallest monthly improvement since orders began rising in August of last year," Markit said.
European stock markets drop at open
23 Oct 2014 | 4:06 am
- How to Tell When Stocks Will Outperform Bonds Again
- Auction-Style Online Property Listings: Bid-Buy-Sell-Lease
- Two Scenarios Right Now for Gold and Silver
- 5 Investing Myths to Ignore in 2014
- Why I Like this Sector for 2014
- No End in Sight to the Bull Market in Stocks
- The Biggest Stock Gains in 2014
- More Help From the Fed
- Stock Market Rally Watch
- A Danger Sign That Stock Investors Will Ignore
- US Stocks Near a Record High and Want to Rise Even Further
- The Three Reasons Oil Will Soar Again - After It Bottoms
- Is the Stock Market Rally About to End?
- Gold and commodities going down or up near term and in future?
- College Graduation Celebration Goes Bad!