U.S. non-manufacturing sector picks up pace in October
Nov 05, 2015 05:28 am UTC| Commentary
In the United States, the Institute of Supply Management (ISM) non-manufacturing index increased by 2.2 points to 59.1 in October, recorded the first monthly increase since July. The index posted positive figure after two...
Australia's private consumption likely expanded in Q2
Nov 05, 2015 04:33 am UTC| Commentary
Australias Q3 retail sales data came in below expectations, with a gain of 0.6% qoq. However it was consistent with a moderate expansion. This reflects increase in deflator of 0.3%. There was 0.7% qoq expansion in Q2...
U.S. September trade deficit contracts sharply
Nov 05, 2015 04:27 am UTC| Commentary
The United States trade deficit for September month on month contracted to $40.8bn. Exports of the economy recorded an increase of 1.6% m/m in nominal terms, after posting a 2.0% m/m fall in previous month. Likewise,...
CNY's inclusion in SDR, what is in it for global economy?
Nov 05, 2015 03:58 am UTC| Commentary
Will CNY be added to the SDR basket as soon as in IMFs November meeting? A yes would gain China longer term benefits like lowering its borrowing costs from IMF. A No to this question would probably push back its inclusion...
CNY's inclusion in SDR, what is in it for China?
Nov 05, 2015 03:36 am UTC| Commentary
The International Monetary Fund(IMF) wants to keep the composition of the SDR basket intact, which is always debated amongst economists. This is likely the reason why it took Chinese Yuan late till September 2016 in order...
Even with weak data, Fed rhetoric increasingly points toward a December lift-off
Nov 05, 2015 02:40 am UTC| Commentary Central Banks
Even with weak data, Fed rhetoric increasingly points toward a December lift-off. In her testimony before Congress yesterday, Chairwoman Yellen said the economy is performing well and a December hike is a live possibility....
Bank of Thailand kept rates unchanged on Wednesday
Nov 05, 2015 02:29 am UTC| Commentary Central Banks
As widely expected, Bank of Thailand (BOT) kept rates unchanged on Wednesday. That it was a unanimous decision was somewhat surprising. The central bank sees a gradual recovery in the economy, on the back of an accelerated...
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects