Search Results for: oil
Asian shares slip, China’s imports disappoint
June 8th, 2015
An index of Asian shares extended losses on Monday after Chinese imports declined more than expected, while the dollar was higher after upbeat U.S. employment data raised bets that the U.S. central bank would raise interest rates as early ...
New Bundesbank projection: German economy shows an upward trend
June 5th, 2015
The German economy has recovered more quickly than expected from the cyclical lull in the middle of last year and has returned to a growth path that is underpinned by both domestic and foreign demand. “Domestic economic activity is ...
Russia Central Bank Wants to Boost Gold, FX Reserves to $500B in Few Years
June 5th, 2015
The Bank of Russia plans to boost its depleted international reserves to $500 billion to hedge the crisis-struck economy against capital flight and new shocks, the central bank chairwoman said Thursday. Speaking at a banking conference, Elvira Nabiullina said ...
IMF Urges Fed to Wait on Interest Rates Until 2016
June 5th, 2015
The International Monetary Fund on Thursday slashed its forecasts for U.S. economic growth, calling for the Federal Reserve to hold off its first rate increase in nearly a decade until 2016. In its annual review of the U.S. economy, ...
Euro off highs, China shares swing to new peak
June 5th, 2015
Asian shares were mostly lower on Friday while bonds snapped a vicious losing streak and the euro retreated as investors braced for U.S. jobs data and another day of drama over Greece. The main exception was China where stocks ...
US economy expanded between April and May says Federal Reserve
June 4th, 2015
The US Federal Reserve said the economy grew between April and May in its latest assessment of the economy, rebounding from a contraction in the first quarter. In the so-called Beige book, it said surveys from across the country ...
China shares sink, euro rides high as yields spike
June 4th, 2015
The euro continued riding high on Thursday thanks to a spike in euro zone debt yields, while in Asian equities Chinese shares slid and tempered risk sentiment. China’s CSI300 index .CSI300 lost 1.7 percent while the Shanghai Composite Index.SSEC dropped 1.8 percent. ...
FTSE 100 companies to cough up £24bn in legal liabilities
June 3rd, 2015
Companies forced to delay dividends and sell off assets to pay legal costs FTSE 100 companies have warned their shareholders they face total legal liabilities of £24bn, according to Thomson Reuters. Raichel Hopkinson, head of the practical law dispute ...
Fitch: Steep Emerging-Market FX Reserve Falls Likely to Continuee
June 3rd, 2015
Global EM FX reserves have fallen by USD524bn since June 2014, surpassing the drop in 2008-2009, and further declines are probable. Emerging-market (EM) official foreign exchange (FX) reserves have been falling steadily by an average of USD58bn a month ...
Strengthening investment key to improving world economy’s B-minus grade, says OECD
June 3rd, 2015
Global growth will gradually strengthen towards its pre-crisis trend rate by late 2016 as activity becomes more evenly shared across the major economies and overall external imbalances are less marked than in the run-up to 2007, according to the ...
