BoK likely to maintain policy rate at 1.50 pct on hopes of ease in CPI inflation during August-October, says Scotiabank

Jul 11, 2018 03:54 am UTC| Commentary Central Banks Economy

The Bank of Korea (BoK) is expected to maintain its policy rate at 1.50 percent at its monetary policy meeting on Thursday as the nations CPI inflation will likely ease further particularly in the period of August to...

Worrisome Signs Series: Atlanta Fed’s ‘GDP Now’ points to declining economic activity

Jul 10, 2018 14:48 pm UTC| Commentary Economy

The GDP Now data published by the Federal Reserve of Atlanta is posing some concerns over the health of the U.S. economy and more importantly, the effect of the current trade feud on the economy. In mid-June, Atlanta Feds...

Global Geopolitical Series: U.S. imposes duties on pipe fittings from China

Jul 10, 2018 13:16 pm UTC| Commentary Economy

Last week, the U.S. Commerce Department announced that it has concluded its investigation into imports of cast iron soil pipe fittings from China and the department has found that exporters from China received...

Global Geopolitical Series: U.S. imposes duties on pipe fittings from China

Jul 10, 2018 13:16 pm UTC| Commentary Economy

Last week, the U.S. Commerce Department announced that it has concluded its investigation into imports of cast iron soil pipe fittings from China and the department has found that exporters from China received...

UK May manufacturing production ditches market expectations; GBP/USD trends lower

Jul 10, 2018 10:25 am UTC| Commentary Economy

The United Kingdoms manufacturing output arrived at 0.4 percent m/m in May versus 0.9 percentexpectations and -1.3 percent (revised higher from -1.4 percent) booked in April, while total industrial output declined to -0.4...

Financial Institutions Softening South Korea to Cryptocurrencies

Jul 10, 2018 09:17 am UTC| Economy

South Korea is an emerging cryptocurrency user, with banks having at least $2 billion in cryptocurrency. This is a sizable amount that may even dwarf the cryptocurrency values held by South Koreas current largest domestic...

Norway core consumer price inflation falls in line with expectations; Norges Bank likely to adopt rate hike in September

Jul 10, 2018 07:51 am UTC| Commentary Economy

Norways core consumer price inflation remained well below target, while headline inflation is lifted by higher electricity prices. The drop in core inflation in June was as expected by Norges Bank and does not change the...