Economy

News Hour: The government of South Sudan, whose economy has been ravaged by years of war, has adopted an ambitious budget for 2016-2017 of around one billion dollars, three times as big as the previous year’s, reports...

News Hour: U.S. economic growth was slightly more tepid than initially thought in the second quarter as businesses aggressively ran down inventories, offsetting a spurt in consumer spending. Gross domestic product expanded at a 1.1 percent...

News Hour: Most Asian markets slipped on Wednesday as traders trod water ahead of a key speech by Federal Reserve boss Janet Yellen this week, while oil suffered fresh losses on persistent glut worries, reports BSS....

News Hour: Tokyo stocks opened higher on Monday as the yen weakened further on speculation over central bank monetary policies and lifted investor sentiment, reports BSS. The Japanese currency fell against the dollar for the second...

News Hour: Companies belonging to Donald Trump have at least $650 million in debt, more than twice the amount shown in public filings made by his presidential campaign, the New York Times reported on Saturday, reports...

News Hour: Oil kept its recent gains on world markets on Friday, ending a week of rallying on encouraging remarks from producing countries, reports BSS. A barrel of West Texas Intermediate for September delivery finished up...

News Hour: Oil prices continued to rally on Thursday with Brent oil topping $50 a barrel following data showing lower US crude stockpiles, reports BSS. Brent North Sea crude for delivery in October rose $1.04 to...

News Hour: Japan’s exports in July suffered their sharpest monthly fall in seven years, data showed on Thursday, as a surging yen clouds the country’s trade picture, with shipments of cars, ships and steel all tumbling,...

News Hour: Japan’s economy stagnated in the second quarter, data showed on Monday, falling below expectations and rekindling worries about the government’s faltering bid to stoke a recovery, reports BSS. Growth in the world’s third-largest economy...

News Hour: Egyptian President Abdel Fattah al-Sisi said on Saturday that he would not shy from tough economic reforms he said previous rulers had avoided fearing unrest, reports BSS. Sisi’s comments come after an initial agreement...