Finance news

• German economy minister blasts Merkel on EU-US trade treaty

  28-05-2016 20:59 via news.yahoo.com
  
  Germany's economy minister lashed out at Chancellor Angela Merkel for her "wrong" stance on a huge EU-US free trade pact in an interview to be published Monday, signalling a deepening rift within the government over the controversial accord. Sigmar Gabriel, also the vice chancellor, told the RND group of regional papers that his Social Democratic Party "doesn't wish to be part of a bad deal", as he warned against a hastily negotiated agreement on the so-called Transatlantic Trade and Investment
  
  Read more

• Militants attack major Nembe pipeline in Nigeria's Delta -officials

  28-05-2016 12:14 via news.yahoo.com
  By Tife Owolabi YENAGOA, Nigeria (Reuters) - Militants attacked the major Nembe pipeline in Nigeria's Delta region, two officials said on Saturday, hours after the Niger Delta Avengers militants claimed a strike on the facility. Nigeria's oil output has fallen to a 20-year low due to attacks on oil pipelines in the southern swamps, home to much of its oil and gas wealth, which have compounded the impact of low oil prices on Africa's largest economy.
  
  Read more

• France's Macron launches door-to-door campaign as presidency battle looms

  28-05-2016 12:14 via news.yahoo.com
  
  By Michel Rose PARIS (Reuters) - French Economy Minister Emmanuel Macron launched what he called a "Great March" on Saturday, a door-to-door campaign across France to collect voters' grievances ahead of 2017 presidential elections, in a new sign of his political ambitions. Some 60 teams of 10-40 volunteers will knock on voters' doors in about 50 cities across France, asking questions such as "What do you think doesn't work in France?", a spokeswoman for "En Marche" party told Reuters. Macron unv
  
  Read more

• Egypt GDP growth for H1 2015-2016 4.5 pct from 5.5 pct last year

  28-05-2016 12:04 via news.yahoo.com
  Egypt's economy grew 4.5 percent in first half of 2015/2016 fiscal year, down from 5.5 percent growth in the previous year, the country's planning minister said on Saturday. Total GDP for first half of fiscal year 2015/2016 was 1.4 trillion Egyptian pounds ($158 billion) in the first half compared with 1.275 trillion pounds in the same period last year, the minister said. Second quarter growth for 2015/2016 was 3.8 percent from 4.3 percent a year earlier, planning minister Ashraf al-Arabi told a
  
  Read more

• Advertisement

• Tourism boom fires Iberian economies but leaves some cold

  28-05-2016 11:53 via news.yahoo.com
  
  BARCELONA, Spain (AP) — With sunny days getting longer and lazier, sparkling beaches warming up and terrorism fears driving customers away from other Mediterranean destinations, Spain and Portugal are reaping an economic bonanza from tourism.
  
  Read more

• Ivory Coast's economy to grow by 7.4 pct 2017-2020 - IMF

  28-05-2016 10:06 via news.yahoo.com
  ABIDJAN (Reuters) - Ivory Coast's economy, French-speaking West Africa's largest, is expected to grow by an average of 7.4 percent between 2017 and 2020 after reaching 8.5 percent this year, the International Monetary Fund said on Friday. The GDP of the world's top cocoa grower expanded by 8.6 percent in 2015, the IMF said in a statement, repeating a figure that is significantly below the 10.3 percent announced by President Alassane Ouattara in March. (Reporting by Joe Bavier; Editing by Mark Tr
  
  Read more

• Bursa Malaysia to trend upwards next week

  28-05-2016 05:15 via news.yahoo.com
  KUALA LUMPUR: Bursa Malaysia is expected to trend higher next week prompted by the ringgit’s strength and upswing in global crude oil prices, an economist said.Affin Hwang Investment Bank Vice-President and Retail Research Head Datuk Dr Nazri Khan Adam Khan said the local stock market received a boost in the recent week after Brent crude exceeded US$50 per barrel for the first time this year and the momentum was expected to continue next week.He said the improvement also helped the ringgit
  
  Read more

• Hedge fund Tourbillon urges SunOpta to sell itself; shares jump

  28-05-2016 00:21
  
  (Reuters) - Hedge fund Tourbillon Capital Partners LP is urging organic food company SunOpta Inc.to sell itself to a bigger rival, according to a letter sent to the company on Friday.
  
  Read more

• Advertisement

• Fed reaction to data barrage is focus for stocks

  28-05-2016 00:00 via news.yahoo.com
  
  By Rodrigo Campos NEW YORK (Reuters) - Data on inflation and employment, two of the economic indicators most important to a "data-dependent" U.S. Federal Reserve are expected next week. While Fed policymakers will be looking at those numbers as they decide whether to raise key interest rates as soon as June, traders will read through them to try and get ahead of the Fed decision. The Fed has remained constant in using economic data to decide whether to raise the Fed funds rate.
  
  Read more

Follow @FinanceUSA_News on Twitter!