Can Puerto Rico escape its $72 billion debt trap and avoid Greece's fate?

May 12, 2016 02:34 am UTC| Insights & Views Economy

To almost no ones surprise, Puerto Rico missed a US$422 million debt payment earlier this month, triggering fears among investors that additional defaults are on the way and increasing pressure on Congress to act. The...

Thailand export growth remains sluggish, domestic demand subdued

May 11, 2016 10:39 am UTC| Economy

The Thailand economy is fighting its way out of poor growth and crippling economic structure. Barring fiscal spending and support from the tourism industry, there remains absolutely nothing that can provide a silver lining...

UK’s industrial activity disappoints expectations, manufacturing posts a modest rise

May 11, 2016 09:44 am UTC| Economy

UK industrial production for the month of March remained below expectations at 0.3 pct, against 0.5 pct expected, though an improvement from Februarys figure of a decline of 0.2 pct. However, manufacturing output rose by...

Korean government to adopt re-structuring, extend support to financially weak companies

May 11, 2016 05:47 am UTC| Economy

The government of Korea has sought an attempt to adopt re-structuring method to eliminate sick companies and extend support to those that are facing temporary financial crunch. This will help bolster the productive...

Denmark April inflation remains below expectations, dampens outlook

May 10, 2016 12:11 pm UTC| Economy

Danish April inflation surprised markets, remaining flat at 0.0 pct, same as in March but well below expectations of a pick up to 0.2 pct. Expectations of food prices to decline around Easter and then soar post that amid...

ECB likely to cut rate in June, more stimuli likely in September

May 10, 2016 11:20 am UTC| Economy

The European Central Bank is expected to adopt further policy easing in June, with more stimulus measures likely in September, after it had cut rates in March this year. However, the ECB kept monetary policy unchanged in...

Norway April core inflation rises to 3.3%, in line with Central Bank expectations

May 10, 2016 10:10 am UTC| Economy

Norwegian core inflation for the month of April rose 0.4 pct to 3.3 pct, largely in line with estimates from the Norges Bank, which stated a 3.4 pct core consumer price index in its monthly monetary policy statement in...