Economy

News Hour: Oil prices surged on Monday to build on last week’s rally as the yen continued its rise against the greenback, backed by concerns over gridlock in Washington and renewed tensions on the Korean Peninsula....

News Hour: The U.S. economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent sluggish wage gains cast a dark shadow over the growth outlook. Gross domestic...

News Hour: Oil prices rose to near eight-week highs on Wednesday, as a fall in U.S. inventories bolstered expectations that the long-oversupplied market was moving toward balance. Brent crude futures LCOc1 rose 40 cents to $50.60...

News Hour: The International Monetary Fund on late Thursday approved a new, $1.8 billion loan program for Greece but will not release any funds immediately, in a highly unusual compromise step. The IMF last month announced...

News Hour: Brent crude oil rose above $50 per barrel for the first time since early June on Thursday, adding to gains made the previous session when falling U.S. crude and oil product inventories lifted the...

News Hour: The dollar’s travails extended into Wednesday as Donald Trump faces a battle to push through his much-vaunted economic agenda, while Hong Kong was the standout Asian equity market, rising for an eighth straight day....

News Hour: Brazil’s economy appears to have turned a corner, but political uncertainty is on the rise, prompting the International Monetary Fund on Thursday to cut its 2018 growth forecast for the recession-hit country. The recovery...

News Hour: US job creation returned with a roar in June, offering a dose of welcome news to the White House and offsetting fears of a slowing economy, official figures showed on Friday. Still, the robust...

News Hour: Inflation in Mexico rose in June to its highest level in more than eight years, to an annual rate of 6.3 percent, the National Statistics Institute reported on Friday. Consumer prices have risen sharply...

News Hour: Asian markets headed into the weekend on a negative note on Friday following a sell-off on Wall Street, US jobs data coming in below par and a dive in oil prices fuelling losses across...