New Zealand's building activity continues to rise in September quarter

Dec 03, 2015 00:45 am UTC| Commentary

Total building work put in place rose 0.5% in the September quarter in seasonally-adjusted terms, continuing the recent strong run that has seen activity reach its highest level in a number of years. The composition of the...

Brazil impeachment process begins its long road

Dec 03, 2015 00:17 am UTC| Commentary Politics

Speaker of the House Cunha announced today that he accepted an impeachment request against President Rousseff. According to Cunha, of the 34 impeachment requests received, he rejected 32, as these were based on allegations...

Chair Yellen distilled the key themes for the US economy and the interest rate outlook overnight

Dec 02, 2015 23:44 pm UTC| Commentary Economy Central Banks

Overnight, Chair Yellen began a two-day engagement in Washington with an address to its Economic Club (to be followed by testimony before the Joint Economic Committee tomorrow). Being the final major addresses made by...

RBNZ MPS preview: OCR decision is a close call

Dec 02, 2015 23:08 pm UTC| Commentary Central Banks

Some OCR decisions are clear cut affairs, and others are uncertain right through to the last minute. Next weeks December Monetary Policy Statement is of the uncertain variety, which will make it a key event for markets....

New Zealand building work put in place up 0.5% in September

Dec 02, 2015 22:25 pm UTC| Commentary

Total building work put in place rose 0.5% in the September quarter in seasonally adjusted terms, continuing the recent strong run that has seen activity rising to its highest level in 10 years. Todays result was weaker...

US December Beige Book reports little change in pace of growth

Dec 02, 2015 21:50 pm UTC| Commentary

The Federal Reserves Beige Book, which contains an assessment of economic conditions from the 12 Federal Reserve districts through November 25, noted that the pace of economic growth across the country was little changed...

Fed Chair Janet Yellen sends a strong signal for a December hike and gradual pace thereafter

Dec 02, 2015 21:43 pm UTC| Commentary Central Banks

Fed Chair Yellen opened her speech discussing the cumulative progress that has been made in achieving the Feds dual mandate. She noted the substantial progress made in labor markets, but said the committee remains short of...