- Posted September 1, 2013 by
The Tyler Group: A ROUNDUP of news in finance, economics and business from around the world
WASHINGTON - The US will hit its statutory debt ceiling in mid-October, making it hard for the government to meet all of its obligations after that, Treasury Secretary Jacob Lew says.
WASHINGTON - Orders for long-lasting US factory goods fell sharply last month as demand for commercial aircraft plummeted and businesses spent less on computers and electrical equipment.
MOSCOW - Russia has lowered its 2013 economic growth forecast to 1.8 per cent from a previous estimate of 2.4 per cent after a poor first-half performance, Russian news agencies say.
MADRID - International tourist numbers have surged by 5.2 per cent to nearly half a billion people worldwide in the first half of 2013, beating earlier expectations.
CAIRO - Some flights to Egypt are arriving nearly empty and passenger traffic in the past week has fallen by half.
NEW YORK - China's Xiamen Airlines has finalised an order for six Boeing 787 Dreamliners to expand its long-haul international service, the companies has announced.
WASHINGTON - Two-thirds of rivers in the eastern US are becoming increasingly alkaline, making their waters more dangerous for crop irrigation and fish life.
JOHANNESBURG - South African construction workers have downed tools en masse, adding to strike chaos that has crippled output and disrupted air traffic while fanning fears of new violence.
NEW DELHI - India's parliament has passed a flagship $US18 billion ($A20 billion) program to provide subsidised food to the poor that is intended to "wipe out" endemic hunger and malnutrition in the aspiring superpower.
MOSCOW - A Greenpeace icebreaker protesting oil prospecting in the Arctic says it will leave because Russian authorities are threatening to fire on it.
GENEVA - The financial chief of Zurich Insurance Group, Pierre Wauthier, has been found dead at his home.
SAN FRANCISCO - Yahoo has bought image search specialty startup IQ Engines to go with its acquisition of Flickr.
MADRID - Mexican billionaire Carlos Slim's America Movil says it is backing rival Spanish group Telefonica's sweetened takeover bid, valued at 8.55 billion euros ($A12.7 billion), for German mobile operator E-Plus.
BANGKOK - Tobacco giant Philip Morris is praising a Thai legal decision to suspend plans to force cigarette companies to slap bigger graphic warnings on packets.
ALBANY, New York - Donald Trump has defended his Trump University as a booming success for student entrepreneurs and blasted New York's attorney-general, who's called it a scam.
WELLINGTON - The New Zealand dollar gained after weaker-than-expected US durable goods figures prompted some investors to bet a slower pace of economic growth may prompt the Federal Reserve to push out plans to taper its bond purchases.
SYDNEY - The Australian dollar is slightly lower after weak US economic data and worries over Syria pulled it in opposite directions overnight.
SYDNEY - The Australian market looks set to open lower after Wall Street fell following a disappointing durable goods report which raised fresh concerns about the strength of the US economy.
CANBERRA - The long-term unemployed would receive a $6500 bonus if they can find and keep a job for two years, under a coalition government.