Sunday, August 30, 2015

The Chinese economy is slowing down and there can be no denying it

The China slowdown is real and central banks pumping up stock markets with cash and confidence is not going to reverse that situation.

Saturday, August 29, 2015

EU's 2016 stress test will include 50-60 euro zone banks

Between 50 and 60 euro zone banks will be included in next year's stress test of top EU lenders, fewer than half of the number in the 2014 exercise, a European Central Bank spokeswoman said on Friday.

Friday, August 28, 2015

Canada Stocks Jumps to Join Global Rally After U.S. GDP Report

Canadian stocks advanced for the best three-day rally this year, as crude prices jumped and the U.S. economy grew more than forecast amid a relief rally in global stocks.

Wednesday, August 26, 2015

Three signs the British economy is recovering nicely

Strong demand for summer clothing pushed up UK retail sales in August, as expectations for employment growth climbed to a 15 year high, according to Britain's biggest business lobby group.

Tuesday, August 25, 2015

EU reforms would benefit other nations, says George Osborne

George Osborne will tell European leaders during a whistlestop tour of capital cities that Britain’s bid to reform the EU will also benefit their nations.

Monday, August 24, 2015

Could China's Yuan Devaluation Spark a New Financial Crisis?

Asia’s biggest economy is slowing, the Federal Reserve is about to kick off an interest rate tightening cycle, and China has just devalued its currency.

Sunday, August 23, 2015

Price cuts and rise in orders quicken pace of eurozone business growth

Eurozone business growth unexpectedly accelerated this month as steeper price cutting drove an increase in new orders and led to firms building a bigger backlog of work, according to a new survey.

Saturday, August 22, 2015

JPMorgan Warns This Emerging-Market Credit Strength May Fizzle

Try figuring this one out: Emerging-market stocks have gotten pummeled over the past few weeks while corporate bonds from the same regions have outperformed many other assets.

Sunday, August 16, 2015

China's net foreign exchange selling at $38.9 billion in July, indicating big outflows


BEIJING: China's central bank and commercial banks sold a net $38.9 billion in foreign exchange in July, the biggest sales on record, official data showed, indicating big capital outflows as well as suspected intervention to prop up the exchange rate.

Saturday, August 15, 2015

Greece crisis: Eurogroup agrees to third bailout

Eurozone finance ministers have agreed on a new bailout deal for Greece after Athens backed the plan. European Commission President Jean-Claude Juncker said the deal sent a message "loud and clear" - Greece will stay in the eurozone.

Friday, August 14, 2015

Vietnam Seen Devaluing Further After Busting Limit of 2% Decline

Vietnam’s central bank looks set to devalue the dong again after busting through its goal of limiting depreciation to 2 percent this year as China’s yuan weakened.

Thursday, August 13, 2015

Wednesday, August 12, 2015

Russian Recession Finds No Bottom as Economic Skid Worsens

How low can it go? Russia, which Moody’s Analytics estimates entered a recession in the first quarter, may be in for a rough ride.

Tuesday, August 11, 2015

Sunday, August 9, 2015

Dollar Rules as Investors Brace for Jobs Data Clues on Fed Rates

A gauge of the dollar was set for a weekly gain before a U.S. Labor Department report on Friday that may bolster speculation the Federal Reserve will raise interest rates as soon as next month.

Friday, August 7, 2015

Annual house price growth slowed in July, says Halifax

Growth in UK house prices slowed in the year to July, the country's largest mortgage lender has said, although they are still rising "robustly".

Thursday, August 6, 2015

Tuesday, August 4, 2015

Strong pound holding back UK exports, says key survey

The strength of the pound is holding back UK exports and keeping factory output barely above recession levels despite a rise in activity in the eurozone.

Monday, August 3, 2015

Saturday, August 1, 2015

Japan's inflation edges up as households shut their wallets

The Bank of Japan's (BOJ) efforts to reach its 2 percent inflation target didn't get much of a boost from the latest data, with the country's core consumer price index for June barely budged and as households unexpectedly snapped their wallets shut.