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Asian shares hit 21-month highs, while dollar weakens
Economy - Mar 21, 2017
On Tuesday, Asian shares saw 21-month highs while the U.S. bond and dollar results were low based on the prospect of a less aggressive than earlier foreseen Federal Reserve policy track.
UK’s low interest rates hurt productivity, says BoE’s economist
Economy - Mar 21, 2017
Ultra low interest rate has taken over the productivity in the UK but is the price worth paying to curb higher unemployment, says economist Andy Haldane.
President Trump’s first month added 235,000 jobs in the US economy
Economy - Mar 11, 2017
First full month of Trump administration’s saw unemployment fell to 4.7% from 4.8% as Trump tries to fulfill his electoral promise of adding 25 million jobs over 10 years.
Brazil’s worst recession deepens in the last quarter of 2016
Economy - Mar 08, 2017
According to statistics agency IBGE, the gross domestic product of the South American nation contracted by 3.6 percent last year. These figures were followed by a 3.8 percent drop which was recorded i
Reserve Bank of Australia keeps rates of hold
Economy - Mar 07, 2017
On Tuesday, the Reserve Bank of Australia held rates at 1.50 percent, which is reported as a record low value. The bank also signaled that economic conditions were levelled with its growth targets and
UK economy begins to lose momentum due to service sector dip
Economy - Mar 07, 2017
In February, slower consumer spending hampered the service companies that has started to pour a negative effect on the UK economy which unexpectedly grew strong after June’s Brexit vote.
China indicates change in its long-standing yuan policy
Economy - Mar 06, 2017
China has signaled it may alter its course centered at exchange rates due to pressure from the rising US Federal Reserve rate and threats from Donald Trump regarding a trade war.
Eurozone inflation reaches well above European Central Bank’s target
Economy - Mar 03, 2017
Eurozone inflation has hit its highest level in the last four years climbing higher than the rate targeted by the European Central Bank; ECB policies fall under the scanner.
Bitcoin value surpasses gold for the first time ever
Economy - Mar 03, 2017
The value of the volatile digital currency moved upwards reaching a landmark which has surprised the global economic sector. A single unit of Bitcoin has surpassed the value of an ounce of gold.
Australia’s economy jumps sharply in the last quarter of 2016
Economy - Mar 01, 2017
Australia's economy recovered sharply in the fourth quarter, extending the 25-year recession-free streak for the blessed nation. As per statistics, the fourth-quarter GDP rose 1.1 percent.
UKIP urges 80% cut in annual spending
Economy - Feb 17, 2017
UKIP has requested for an 80% cut in the foreign aid budget along with the money which should be spent wisely on domestic services.
Brexit leading to UK labor shortage, says survey
Economy - Feb 14, 2017
According to a new survey, the effects of Brexit are forcing non-U.K. nationals exit Britain, provoking fears of labor shortage.
EU faces emergency as IMF warns about “explosive” Greek debts
Economy - Feb 08, 2017
EU faces an approaching crisis as the International Monetary Fund has cautioned about the make-or-break moment between Greece and its foreign creditors.
Japan real wages slip in December, bonding hard for consumer spending
Economy - Feb 06, 2017
According to the government data revealed on Monday, it came as a setback for the hopes that consumer spending can lift the economic growth.
Chinese manufacturing increases in January as per official PMI
Economy - Feb 01, 2017
According to China's official manufacturing Purchasing Managers' Index (PMI), the industrial sector sustained to expand in January at an astonishing rate.
German inflation and French election drives borrowing costs across Europe
Economy - Jan 31, 2017
On Monday, the cost of borrowing across Europe spiked due to German inflation statistics and French elections caused concerns whether central bank incentive could be cut short.
US GDP growth falls short of expectations in the fourth quarter of 2016
Economy - Jan 28, 2017
The US GDP growth rate slowed down to 1.9 percent in the fourth quarter of the last year, below than the earlier expectations of 2.2 percent, according to the US Commerce Department.
Mexico peso drop makes currency experts cautious about future
Economy - Jan 28, 2017
Since the start of the year which brought President Donald Trump’s protectionist approach, the Mexico peso has lost it’s valued by 2.4 percent.
Dollar slumped in Asia trade due to concerns over Trump’s trade policy
Economy - Jan 23, 2017
Donald Trump’s plans to impose a protectionist agenda after pledging as the new president of the United States has dropped the value of the dollar in Asia trade on Monday.
Venezuela inflation 2016 at 800%, GDP narrows 19 percent
Economy - Jan 23, 2017
As per recorded figures, the consumer prices in Venezuela rose 800 percent in 2016, while the economy dwindled by 18.6 percent.