New Zealand’s housing market momentum remains strong despite drop in sales volumes
Jul 15, 2016 06:43 am UTC| Commentary Economy
New Zealands housing market momentum continues to be strong. Even if the sales volumes dropped in June, it is likely to be due to a lack of listed stock, rather than demand shortage, noted ANZ in a research report. The...
Singapore June NODX likely to moderate as external demand seems dull
Jul 15, 2016 06:40 am UTC| Commentary
Non-oil domestic exports (NODX) in Singapore during the month of June is expected to moderate, compared to that in the previous month, though remaining within the positive territory, as external demand seems dull amid an...
New Zealand bonds close nearly flat ahead of CPI data, RBNZ economic assessment report
Jul 15, 2016 06:15 am UTC| Commentary
The New Zealand 10-year bond yield ended nearly flat as investors await second quarter consumer inflation data and RBNZ brief update on the economic outlook. The yield on benchmark 10-year bond, which moves inversely to...
Migrant Crisis Series: Nice assault likely to deepen the refugee crisis in Europe
Jul 15, 2016 05:56 am UTC| Commentary
A Truck assault in Nice, France on Bastille Day holiday, where people gathered to view the fireworks likely to escalate the European refugee crisis to the next level. Millions of migrants, from war-torn regions in Middle...
China’s industrial output rises in June, beats market estimates
Jul 15, 2016 05:46 am UTC| Commentary Economy
Industrial production in China strengthened in June, beating market estimates, along with the countrys upbeat gross domestic product data that carves out a positive outlook for the Chinese economy in the near...
China’s economy grows 6.7 pct in Q2; stabilization unlikely to sustain
Jul 15, 2016 05:43 am UTC| Commentary Economy
The Chinese economy grew 6.7 percent year-on-year in the second quarter of 2016, confirming stabilization in the economy. However, the stability is unlike to be sustained, noted Nordea Bank in a research report. The...
US jobless claims stagnate to 3-month low, signal rebound in labor market
Jul 15, 2016 05:28 am UTC| Commentary
The United States jobless claims held steady last week, remaining at a three-month low, indicating the economys labor market is recovering after a relatively weak tenure. Unemployment benefits are, however, entering a...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects