New Zealand’s July retail spend via electronic cards overshoots expectations
Aug 09, 2016 06:20 am UTC| Commentary Economy
Total retail spending in New Zealand continued to chug along in July. According to Statistics New Zealand, total retail spending using electronic cards reached NZD 4.8 billion in July 2016, up 5.8 percent year-on-year....
In his last policy decision, RBI governor Rajan keeps rates steady
Aug 09, 2016 06:13 am UTC| Commentary Economy Central Banks
The Reserve Bank of India Governor Raghuram Rajan delivered no surprises in its last monetary policy meeting while keeping the key policy rate unchanged at 6.50 percent. He had cut repo rateby 25 basis points in...
Why credit rating agencies' economic advice shouldn't be trusted
Aug 09, 2016 04:55 am UTC| Insights & Views Economy
The Australian government is using warnings from rating agencies like Standard Poors Global Ratings (SP), which placed Australia on a negative watch during the election, to make the case for passing budget measures. In...
FxWirePro: The Day Ahead- 9th August, 2016
Aug 09, 2016 04:49 am UTC| Commentary Economy
Lots of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: China: Producer price index for July came at -1.7 percent from a year back. Consumer...
Which yuan rate are the Chinese exporters using?
Aug 08, 2016 09:58 am UTC| Commentary Economy
Trade data for the month of July was released from China today. Exports in the dollar terms shrank by 4.4 percent in July and imports declined by 12.5 percent in July from a year ago. Chinese trade balance for the month of...
Global economic growth outlook continues to be uncertain, Barclays report says
Aug 08, 2016 09:35 am UTC| Commentary Economy
Global economic growth outlook continues to be uncertain. Data regarding global growth remains mixed, said Barclays in a research report. The manufacturing PMIs for the month of July weakened a bit in the euro zone and the...
Fed’s Powell increasingly worried on secular stagnation
Aug 08, 2016 08:21 am UTC| Commentary Economy Central Banks
Former treasury secretary Larry Summers, who has been warning along with other economists that the U.S. economy may be stuck in astate called secular stagnation may have found a worrying fellow at the U.S. Federal Reserve....
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects