Jul 22, 2016 at 12:47 | Source: Reuters
Separate data next week is also expected to show exports slumped in June from a year earlier, a sign the economy is suffering from the hit from a strong yen and global uncertainties after Britain's vote to leave the European Union.
Jul 20, 2016 at 10:13 | Source: Reuters
Last week the commissioner for economic affairs, Pierre Moscovici, said the cumulative negative impact for British gross domestic product (GDP) would be between about 1 percent and 2.5 percent by 2017.
Jul 14, 2016 at 21:52 | Source: Reuters
Expectations of more central bank stimulus has contributed to stocks' gains in the past week. The view that the U.S. economy is on solid footing, as well as reduced political uncertainty in Britain and Japan, have also buoyed stocks.
Jul 14, 2016 at 13:18 | Source: CNBC-TV18
The central bank may cut rate by 25 bps today and another 25 bps by the end of this year to save the economy from running into recession, says Hartmut Issel of UBS.
Jun 27, 2016 at 12:26 | Source: CNBC-TV18
The company's cost of borrowing is at 9.2 percent currently, same as the fourth quarter of last fiscal year, said PH Ravikumar, Non-Executive Chairman, Bharat Financial Inclusion. He said it can decline by 25-50 basis points (bps) going ahead.
Jun 24, 2016 at 10:54 | Source: Reuters
The vote is expected to deliver at least a short-term hit to growth in Britain and might push it into recession. It could prompt the Bank of England to cut interest rates to zero and test the willingness of creditors to keep on funding Britain's current account deficit.
Jun 24, 2016 at 10:41 | Source: Reuters
World financial markets dived as nearly complete results showed a 51.8/48.2 percent split for leaving. Sterling suffered its biggest one-day fall of more than 10 percent against the dollar, hitting a 31-year low on market fears the decision will hit investment in the world's 5th largest economy.
Jun 22, 2016 at 10:15 | Source: Reuters
During the quarter, China reported a marginal decline in May imports that was far less than market expectations, reflecting a pick-up in domestic demand as the government raises spending on infrastructure projects to support growth.
Jun 22, 2016 at 09:55 | Source: Reuters
In testimony before Congress that expressed general optimism about the economy and played down the risk of a recession, Yellen nevertheless said the Fed will be cautious about interest rate increases until it is clear the job market is holding up.
Jun 16, 2016 at 08:15 | Source: CNBC
"There is a very dangerous scenario building up in the US because the rates are so low and for so long," Heller, who was on the Fed's Board of Governors from 1986 to 1989, warned.