Economy
French Economy Minister calls for policies, alternative to German austerity, to support household consumption
France’s Economy Minister proposed a divergence from German austerity toward growth-oriented policy, in order for household consumption to revive. Arnaud Montebourg, France’s Economy Minister said France should not go along with the persistent austerity push asserted by Germany. It should rather promote alternative policies to support household More...
Fed Chair Yellen advises wariness on timing of interest rate hike, ECB Draghi expresses bank readiness to act
Janet Yellen said at the Jackson Hole gathering that the Fed should be careful with the timing of interest rate hikes, given the state of the US labor market; ECB Mario Draghi stated readiness to use all available More...
China’s August flash PMI falls more than estimates suggest
The China preliminary manufacturing gauge for August exceeded analysts’ expectations on the downside, owing to a credit and property slump. The China manufacturing gauge for the month of August displayed a figure, More...
Argentina’s President to bring back debt control to national legislation
Argentina’s President Cristina Fernandez is preparing a bill to have bondholders exchange defaulted debt for new notes under Argentina’s national legislation, sidestepping US court rulings. Argentina’s President More...
Jackson Hole meeting this week expected to yield clues on monetary policy outlook
At the Jackson Hole meeting, central bankers and distinguished economists will discuss labor market developments and the near-term path of monetary policy. The annual gathering of top central bankers and eminent More...
Recovery in the EU stalled in the second quarter due to weak inflation and effects of the Ukrainian crisis
The euro recovery slowed down in the second quarter in the three most prominent euro zone economies; inflation at its slowest pace since 2009. Recovery stalled in the second quarter for the leading EU economies, More...
China’s economy softened further in July
China’s economy continued softening in July despite steady government stimulus measures; more accommodative policy needed for the economy to return to its full potential. China’s economy softened further More...
Ukraine and Middle East conflicts put the EU brittle economic recovery to test
EU economy’s output for the second quarter has ground to a halt, the tit-for-tat sanctions between Russia and the West are undermining business confidence. The conflicts escalating in Ukraine and Iraq are impacting More...
China’s economy sees record trade surplus due to strong exports
China reports a record surge in exports; policymakers hopeful that global demand will aid the recovery of the country’s weak housing market and services sector. China’s economy saw a record trade surplus in More...
The ECB keep rates unchanged and promise policy accommodation for an extended period
ECB’s Mario Draghi cites uneven economic recovery and heightened downside risks for euro zone economies keeping interest rates at record low As widely expected, the European Central Bank kept its main interest More...
