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RTT News 10/15/2019 10:57
The Libra Association, formed by major financial partners of Facebook's Libra cryptocurrency project, formalized the association at the inaugural Libra Council meeting of the members at its headquarters in Geneva, Switzerland. The current 21 member organizations formally signed onto the Libra Association charter, elected the Board of Directors, and appointed the executive team.
RTT News 10/15/2019 09:12
The Federal Reserve Bank of New York released a report unexpectedly showing a modest acceleration in the pace of growth in regional manufacturing activity in the month of October. The New York Fed said its headline general business conditions index edged up to 4.0 in October after dipping to 2.0 in September, with a positive reading indicating an increase in regional manufacturing activity.
RTT News 10/15/2019 06:25
The UK labor market weakened as the number of people out of work increased and employment declined the most in over four years in three months to August, data from the Office for National Statistics showed Tuesday. The level of unemployment increased by 22,000 to 1.31 million in three months to August and the number of people in work fell 56,000 to 32.69 million.
RTT News 10/15/2019 00:15
China inflation accelerated to the highest since 2013 on food prices, while factory gate prices eased further in September as trade disputes with the US and subdued demand weighed on the manufacturing sector. Consumer price inflation rose more-than-expected to 3 percent in September from 2.8 percent in August, data from the National Bureau of Statistics revealed Tuesday.
RTT News 10/14/2019 23:16
Labor market statistics from the UK and economic confidence survey results from Germany are due on Tuesday, headlining a busy day for the European economic news. At 2.30 am ET, the Federal Statistical Office is set to issue Swiss producer and import prices for September. Economists forecast producer and import prices to fall 1.7 percent annually, following a 1.9 percent drop in August.
RTT News 10/14/2019 09:19
Three researchers have been jointly awarded the 2019 Nobel Prize in Economic Sciences on Monday for their research in helping fight global poverty. The Royal Swedish Academy of Sciences said in a statement that it decided to award the prize to Abhijit Banerjee, Esther Duflo and Michael Kremer "for their experimental approach to alleviating global property."
RTT News 10/14/2019 00:38
China's exports declined more than expected in September reflecting weak global growth and trade disputes with the US administration. In dollar terms, exports fell 3.2 percent year-on-year in September, data from the General Administration of Customs showed Monday. This was bigger than the expected 3 percent decrease and prior month's 1 percent fall.
RTT News 10/11/2019 16:30
Following two days of closely watched trade talks, President Donald Trump told reporters on Friday that the U.S. and China have reached a "very substantial phase one deal." Trump said the deal includes up to $40 to $50 billion in Chinese purchases of U.S. agricultural products as well as Chinese concessions on intellectual property and financial services.

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