Philippine Central Bank keeps policy steady, in line with expectations

May 12, 2016 10:15 am UTC| Economy Central Banks

The Philippine central bank, Bangko Sentral ng Pilipinas (BSP) held policy rates steady, largely in line with expectations. The apex bank maintained the reverse repo rate and special deposit account at 4 pct and 2.50 pct...

Global growth outlook concerns over negative early European trade

May 12, 2016 09:54 am UTC| Economy

Global markets remained cautious on Thursday as major European equity markets remained in red and government bonds maintained a sluggish tone. The majority of emerging stock markets lost ground in early European trade,...

Japan economic indicators disappoint, situation unlikely to improve

May 12, 2016 08:46 am UTC| Economy

A survey by a local Japanese organization showed that key economic indicators suffered in the first two quarters of the year, with the headline indicator down 1.9 points to a 17-month low of 43.5, two points behind that of...

US retail sales seen strong on boost in monthly auto sales, pump prices

May 12, 2016 07:22 am UTC| Economy

The United States April retail sales is expected to surge by around 8 pct m/m on an anticipated rise in monthly auto sales and pump prices, rising by around 7 pct on an average. However, retail sales growth has been a...

India-Mauritius Treaty to have significant impact on Indian economy

May 12, 2016 07:06 am UTC| Economy

The Indian equity markets fluctuated on Wednesday following the India-Mauritius Treaty which laid phased-out removal of capital gains tax exemption, making investors jittery. However, the impact did not last long, as the...

S&P likely to upgrade Indonesia’s sovereign credit rating

May 12, 2016 06:27 am UTC| Economy

The Indonesian markets are keen on a likely ratings upgrade by Standard and Poors after talks held with President Widodo earlier this week. A credit rating upgrade by the rating agency, would not surprise markets but be a...

'Jobs and growth' and deja vu: reprising a failed American experiment

May 12, 2016 04:14 am UTC| Insights & Views Economy

During his budget speech Treasurer Scott Morrison said the phrase jobs and growth 13 times. It seems he is not a superstitious man. But Triskaidekaphobes were not the only ones left with a queer feeling after his speech....