Economic News Headlines

CORRECTED-UPDATE 3-Mexico cuts 2014 growth forecast after surprisingly weak 3rd qtr

(Corrects to remove reference to central bank 2014 growth forecast)

12:08pm EST

Putin stands by hawkish Russian central bank - for now

MOSCOW, Nov 23 - With Russia's economy battered by economic sanctions and plunging oil prices, President Vladimir Putin has allowed the central bank to administer strong medicine, sharply raising interest rates even as it freed the rouble to float.

Sat, Nov 22 2014

China's rate-cut likely to hurt banks, curb new loans to small borrowers

SHANGHAI, Nov 22 - China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

Markets, Stocks, Bonds, Financials 22 Nov 2014

Rouble decline to continue for two years -Russian ex-minister

MOSCOW, Nov 22 - Russia's rouble, which has fallen almost 30 percent against the dollar this year, will continue to decline over the next two years, Interfax news agency quoted former Finance Minister Alexei Kudrin as saying on Saturday.

Fri, Nov 21 2014

UPDATE 1-CP Rail, union contract talks stall on worker fatigue dispute

TORONTO, Nov 21 - Contract talks between Canadian Pacific Railway and the Teamsters Canada Rail Conference (TCRC) have stalled, the union representing about 3,800 locomotive engineers and conductors at the country's No. 2 railway said on Friday.

UPDATE 1-American Airlines unit to transfer 50 regional aircraft, cut jobs

Nov 21 - American Airlines Group Inc subsidiary Envoy Air plans to transfer at least 50 Embraer 145 aircraft to other regional carriers beginning in early 2015 in a move that will lead to job cuts, according to an internal letter reviewed by Reuters.

What to Watch in the Week Ahead and on Monday, Nov. 24

(The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at . Thomson One users can register at RT/DAY/US. All times in ET/GMT) WEEK AHEAD Markets are in for a quieter week with the Thanksgiving holiday closing trading Thursday and limiting it on Friday. With markets at all-time highs and conditions thin, a bit of extra volatility might be expected, and investors, like hedge

American Airlines unit to transfer 50 aircraft, cut jobs

Nov 21 - American Airlines subsidiary Envoy Air plans to transfer at least 50 Embraer 145 aircraft to other regional carriers beginning in early 2015, according to an internal letter reviewed by Reuters.

Stocks, Markets, Airlines 21 Nov 2014

FOREX-Euro drops as Draghi raises stimulus hopes

NEW YORK, Nov 21 - The euro fell sharply on Friday after European Central Bank chief Mario Draghi said inflation expectations were declining to levels that were very low, keeping the door open for further monetary easing soon.

Currencies, Markets 21 Nov 2014
Photo

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.