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.
Jun 09, 2016 at 10:08 | Source: PTI
The commodity has almost doubled since hitting near 13-year lows at the start of the year as a global supply glut has eased thanks chiefly to a weakening dollar, signs of a pick-up in the world economy and falling production from Nigeria and Canada.
Jun 08, 2016 at 11:56 | Source: Reuters
Fed Chair Janet Yellen gave a largely upbeat assessment for the US economy on Monday and said interest rate increases were coming, but investors focused on her lack of guidance about when.
Jun 07, 2016 at 07:28 | Source: PTI
After prices tumbled Friday following a terrible US jobs report that raised questions about the strength of the world's largest economy, a number of elements combined to lift the oil market higher, said Kyle Cooper of IAF Advisors.
Jun 06, 2016 at 09:48 | Source: CNBC-TV18
A pause in the Fed's rate hike cycle would be positive for emerging markets, says Geoff Lewis of Manulife Asset Management.
Jun 03, 2016 at 14:45 | Source: Reuters
The Middle East could be hardest hit, with its gross domestic product slipping as much as 14 percent by 2050 unless measures are taken to reallocate water significantly, the Washington-based institution said in a report.