Russian GDP likely to decline this year, recession may last until early 2017

Sep 20, 2016 08:57 am UTC| Commentary Economy

Economic growth in Russia is expected to decline in 2016 and next year, before returning to growth in 2018 and the years ahead. However, the ongoing recessionary phase is expected to last until early 2017 as activity in a...

ECB speeds up purchase of corporate bonds

Sep 20, 2016 07:37 am UTC| Commentary Economy Central Banks

To the astonishment of most of the analysts, the European Central Bank (ECB) has ramped up its purchase of corporate bonds under its quantitative easing program. Since July, European Central Bank (ECB) has on an average...

Australia Q2 house prices snap six-month fall, raises policy concerns for the RBA

Sep 20, 2016 07:12 am UTC| Commentary Economy

House prices in Australia during the second quarter of this year, raising policy concerns for the Reserve Bank of Australia (RBA), as it tries to stimulate economic growth at the end of a long mining-investment boom...

Eurozone likely to witness steady recovery this year, inflation to sharply pick up

Sep 20, 2016 07:01 am UTC| Commentary Economy

The eurozone economy is expected to witness a steady recovery this year but with downside risks on an unfavourable external environment, including post-Brexit uncertainty. Expectations of a sharper pick-up in 2017-18...

USD Libor would tighten further with a rate hike from Fed

Sep 20, 2016 06:45 am UTC| Commentary Economy

London Interbank Offered Rate (Libor) based on the U.S. dollar has already leaped to the highest level since the 2008/09 crisis and currently hovering around 0.86 percent (3-month). Compared to that, 3-month Libor based on...

U.S. home builder confidence surges in September, upward momentum likely to continue throughout 2016

Sep 20, 2016 06:09 am UTC| Commentary Economy

The NAHB/Wells Fargo Housing Market Index showed that the U.S. home builder sentiment surged in September by 6 points to 65, the highest HMI level since October 2015. The increase was widespread as builder confidence...

Philippines current account surplus declines in 1H16, trade deficit likely to fall further

Sep 20, 2016 05:47 am UTC| Commentary Economy

Philippines current account surplus declined during the first half of this year, after comments from Bangko Sentral ng Pilipinas (BSP) last week suggested that a revision to the central banks USD 5.8 billion 2016 current...