Higher interest costs, volatile FX rates pose serious credit risks for Asia-Pacific in 2017, says S&P Global Ratings

Nov 29, 2016 12:01 pm UTC| Commentary Economy

Potentially higher interest costs and volatile foreign exchange rates represent the top credit risks for Asia-Pacific going into 2017. Uncertainty about the policies of the future President-elect Donald Trumps...

Eurozone economic confidence surges to 11-monnth high in Nov, consumer sentiment improves

Nov 29, 2016 11:17 am UTC| Commentary Economy

Economic confidence in the eurozone surged to an 11-month high during November, along with an improvement in consumer sentiment. The economic sentiment index came in at 106.5, up from 106.4 in October but below the...

MXN to remain under pressure, another 50bp rate hike from Banxico likely in December

Nov 29, 2016 11:05 am UTC| Insights & Views Economy Central Banks

As large MXN sell-off following the U.S. Presidential Elections fueled inflation fears, Banxico raised its overnight rate by 50bps to 5.25 percent in line with market expectations at its November 18th policy meeting. In...

U.K. mortgage approvals hit 6-month high in October, consumer credit highest in 11 months

Nov 29, 2016 10:50 am UTC| Commentary Economy

Mortgage approvals in the United Kingdom hit 6-month high during October, while consumer credit remained highest in the past 11 months, cementing a strong consumer demand and improving wants for houses amid prevailing...

French economic growth recovers in Q3, household consumption remains steady

Nov 29, 2016 09:53 am UTC| Commentary Economy

Economic growth in France recovered during the third quarter of this year, although household consumption remained stagnant during the period. Frances gross domestic product (GDP) in volume terms during the Q3,...

Renminbi Series

China likely to announce controls over overseas direct investment; CNY to remain stable till end-2016

Nov 29, 2016 09:19 am UTC| Commentary Economy

China is expected to announce controls over overseas direct investment (ODI) in the near term, aimed at alleviating the depreciation pressure on the yuan and preventing one-way expectations of the yuan depreciation from...

Biomedical, electronics continue to support Singapore’s manufacturing sector in October

Nov 29, 2016 07:24 am UTC| Commentary Economy

Singapores manufacturing sector continued to be in an upward trend during the month of October, helped by buoyant support from biomedical and electronics sector. Also, Output level in the pharmaceutical industry is back in...