US Presidential Election Series: Clinton used taxpayers’ funds for Clinton foundation
Sep 02, 2016 11:16 am UTC| Commentary
A new allegation got added to the Clinton Scandal this week that former president Bill Clinton, husband of this years Democratic nominee Hillary Clinton, used tax-payers funds to pay for the staffs at Clinton foundation...
USD/INR likely to trade around 69 by end-2016
Sep 02, 2016 11:15 am UTC| Commentary
In 2013, the Indian rupee and the Indonesian rupiah were the two worst performing currencies in Asia during the height of the Fed Taper Tantrum. The USD/INR pair had jumped almost 30 percent to just under 70, owing to...
Euro zone producer prices sink to three-month low in July
Sep 02, 2016 10:51 am UTC| Commentary
Producer prices in the Eurozone sunk to a three-month low in July, a signal that the ailing economy is still struggling to generate rising prices. The common currency zones producer price index (PPI) fell steeply to...
South Korean economy likely to expand 2.8 pct this year
Sep 02, 2016 10:49 am UTC| Commentary
The South Korean economic growth rebounded in the second quarter of 2016, accelerating to 3.2 percent year-on-year from first quarters 2.8 percent year-on-year. On a seasonally adjusted basis, the South Korean economy grew...
Riksbank likely to keep monetary policy on hold in September
Sep 02, 2016 10:27 am UTC| Commentary Central Banks
Trends in Sweden have been mainly consistent with the Swedish central banks forecasts from July. This implies that the Riksbank would keep its monetary policy on hold next week during its meeting, said Nordea Bank in a...
UK gilts slump as construction PMI rebounds sharply in August
Sep 02, 2016 10:22 am UTC| Commentary
The UK gilts slumped Friday after recent data showed that construction PMI rebounded higher than expected in August. Also, better-than-expected manufacturing PMI released on Thursday drove-out investors from safe-haven...
Vladimir Putin voices support for a freeze deal
Sep 02, 2016 10:20 am UTC| Commentary
TheRussian president, Vladimir Putin lent his support to a production freeze deal at this months informal meeting among OPEC members. However, he raised the prospects that Iran may not join such a deal, which again left...