Economy News - Wall Street Journal

States to Help Workers Save for Retirement

Three states have now enacted legislation creating automatic individual retirement accounts for workers who don’t have retirement plans at work.

139

China Cuts 2014 Growth to 7.3%

China cut its growth rate for last year to 7.3% from 7.4%, in a move likely to add to worries about the world’s No. 2 economy.

PBOC Chief Reassures on Stocks

The People’s Bank of China governor has told G-20 central bankers and finance ministers that the turmoil in China’s stock market is nearing an end.

G-20 Countries Vow to Refrain From Currency Depreciation

The world’s largest economies, including China, renew their commitment to avoid depreciating their currencies to gain a trade advantage.

77

IMF Chief Lagarde Calls for Urgent Economic Overhauls

The head of the International Monetary Fund called for the world’s largest economies to urgently move ahead with economic overhauls as the global growth outlook sours and market turmoil rocks emerging markets.

Business

Rail Executives to Address Investor Concerns
Capital Account

For Russia, Oil Collapse Has Soviet Echoes
The Past, Present and Future of Economics, According to Olivier Blanchard

Europe

U.S.
Asia
- Japan’s Overall Cash Wages Rise in July
  
  Wages for Japanese workers rose in July, a sign that a long-awaited pickup seen as necessary to accelerate economic growth may be materializing.
- South Korea Cuts Growth Forecast
- Australia’s Surprise Retail Sales Slide Adds to Gloom

Central Banks
- Excerpts From Lacker’s Remarks on Interest Rates and the Economy
  
  The Federal Open Market Committee voting member said he hasn’t made any final decisions ahead of September’s policy meeting.
- Hilsenrath Analysis: Jobs Report Creates September Cliffhanger for Fed
- Richmond Fed’s Lacker: Case For Rate Increase Strong
Capital Account
The Outlook

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Wages for Japanese workers rose in July, a sign that a long-awaited pickup seen as necessary to accelerate economic growth may be materializing.

The Federal Open Market Committee voting member said he hasn’t made any final decisions ahead of September’s policy meeting.

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