South Africa’s consumer price index will likely show an increase to 4.7% in June 2015, showing a 0.4% month-on-month increase, according to an inflation expert on Tuesday, fin24 reported. This is…
World Economy
Pakistan’s domestic investment is in a grim state, said a daily on Tuesday, noting that the country’s economy is “a long way away from recovery”, AAP reported. An editorial in the News…
South Korea’s finance minister said on Tuesday second-quarter growth is expected to be “much lower” than growth seen in the first quarter of this year, Reuters reported. “The global economic…
Taiwan’s Ministry of Economic Affairs approved 1,741 foreign direct investment projects (except from China) with a total value of $1.98 billion from January-June 2015, respectively increasing 5.13…
The International Monetary Fund has advised the Lebanese government to seriously consider raising taxes on gasoline and fuel oil, adding that such measures would boost revenues, reduce…
Foreign direct investment in China rose to $68.41 billion in first half of the year registering an increase of 8.3%, despite slowdown in the world’s second largest economy.
The US Federal Reserve Board last week released its semiannual Monetary Policy Report to Congress, providing an assessment of the state of the American economy and outlining the central bank’s…
The International Monetary Fund and the European Central Bank have confirmed that they have been repaid by Greece.
The IMF confirmed that Greece has cleared overdue debt repayments of €2.05…
White goods shipments in Japan in June rose 5.9% from a year before to ¥265.4 billion ($2.1 billion), up for the second straight month, an industry group said Tuesday, Jiji reported. It is not a…
Spanish and Italian bonds advanced with Asian equities as Europe’s bechmark stock index flirted with its longest winning streak since 2006. US oil rallied from below $50 a barrel and gold climbed…
Retail investors can apply for the first issue of the much-anticipated Singapore Savings Bonds from September 1, said the Monetary Authority of Singapore on Tuesday.
The first savings bonds…
Finland’s jobless rate fell to a five-month low in June from the previous month’s 13-year high, figures from Statistics Finland showed Tuesday, RTT reported. The jobless rate decreased to 10% in…
Egypt’s trade deficit stood at Egyptian pounds 24.6 billion ($3.14 billion) in April, rising by 52.7% from the 16.11 billion pounds it recorded during the same month last year, the state’s…
A new $100 billion bank floated by BRICS nations, including India, as an alternative to the World Bank and International Monetary Fund to boost infrastructure funding in the emerging…
As Brazil’s sovereign ratings hover just above non-investment grade status, A. M. Best Company, a US-based rating agency, said it is considering the effect a future sovereign downgrade would have…
Australian farmers Tuesday welcomed a breakthrough which paves the way towards exporting up to one million live cattle to China each year, with the government saying the new market could open up…
Asian stocks mostly drifted lower Monday as investors put Greece’s debt crisis behind them to focus on the outlook for interest rates, corporate earnings and China’s economy.
Barclays Plc may see its workforce shrink by about a fourth in coming years as the firm carries out existing programs to reduce costs, according to a person with knowledge of the projections.
Greek banks reopened Monday after a three-week shutdown imposed to stop a run on ATMs crashing the financial system, but citizens woke up to widespread price hikes as part of a cash-for-reform…
The eurozone’s current account surplus narrowed in May, data from the European Central Bank showed Monday, Dow Jones reported. The current account balance, a broad measure of an economy’s…
Australian banks have one year to raise $7 billion under new rules requiring a bigger cash buffer, a move widely expected to hit profits and push up mortgage rates, slowing a real estate rush that…
Problems from the past have been corrected, yet a mountain of debt remains–that’s the way the Portuguese see it. The country is an uncertain prospect in the eurozone once more.
He took out…
US employers are finding it increasingly difficult to find skilled workers, according to a survey published on Monday, suggesting upward pressure on wage growth down the road.
As Persian Gulf economies take stock of continuing oil price turbulence, the Abu Dhabi government has been keen to boost investments in the industrial and petrochemical sector to diversify income…
The situation in Athens seems to have calmed down, but former Federal Reserve Chairman Ben Bernanke thinks Europe has an even bigger issue to worry about: Germany, Business…
