China's October factory growth unexpectedly slips to five-month low: official PMI
31 Oct 2014 | 9:45 pm
BEIJING (Reuters) - Growth in China's factories fell to a five-month low in October, missing expectations for an expansion as manufacturers battled cooling order growth and rising costs in the slowing economy. The official Purchasing Managers' Index (PMI) eased to 50.8 in October from September's 51.1, the National Bureau of Statistics said on Saturday, but above the 50-point level that separates growth from contraction on a monthly basis. Analysts polled by Reuters had forecast a reading of 51.2. Growth in new orders cooled in October, as the index retreated to 51.6 from 52.2. ...
Colombians jailed in Venezuela for $15 grocery run
31 Oct 2014 | 7:50 pm
BOGOTA, Colombia (AP) — A $15 grocery run has cost two single mothers from Colombia 48 days in jail, along with the threat of a 14-year prison sentence, as a result of a crackdown on smuggling in Venezuela that is ratcheting up tensions and highlighting growing economic distortions between the neighbors.
World stocks rally after Japanese stimulus
31 Oct 2014 | 5:34 pm
Global stocks soared and US markets powered to fresh records Friday after the Bank of Japan surprised investors with a sharp increase to its stimulus operations. The policy switch, aimed at countering a slowdown in the Japanese economy, delivered a much-needed boost to equities from Asia to the Americas after a slow week marked by the US Federal Reserve's announcement of the end of its own huge quantitative easing program. "Just as the Fed takes away the punch bowl, the BoJ has turned up with a crate of sake," said Capital Spreads dealer Jonathan Sudaria, on the diverging monetary policies. In Japan, the Nikkei index added 4.8 percent to its highest level since November 2007.
Bank of Japan redoubles efforts to revive economy
31 Oct 2014 | 5:30 pm
TOKYO (AP) — Japan's central bank surprised the financial world and pleased investors Friday by intensifying its purchases of government bonds and other assets to try to revive a chronically anemic economy.
France 'determined' to drive economic reforms: PM
31 Oct 2014 | 4:14 pm
French Prime Minister Manuel Valls on Friday said Paris was "absolutely determined" to drive economic reforms and that France was not "Europe's sick man". Valls was visiting the Netherlands for talks with Dutch counterpart Mark Rutte on how to kickstart the continent's economy. "I want to tell you that we're absolutely determined to carry through our reforms," Valls said after Dutch complaints that Paris was breaking the European Union's spending rules. France has said that next year's deficit -- the shortfall between revenue and spending -- will hit 4.3 percent of annual economic output, far above the EU's 3.0 percent ceiling.
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