India's diesel subsidy wrecked havoc
May 15, 2015 07:17 am UTC| Commentary
Indias policy of subsidising diesel, which (as was also pointed out by IMF) not only subsidised the rich rather than the poor but alsotook away the focus from conservation of a scare natural resource, has resulted in...
China's trade data weakened; trade surplus widened
May 15, 2015 05:52 am UTC| Commentary
Chinas exports unexpectedly fell 6.4% y/y in April, while imports declined 16.2% y/y, showing few signs of recovery in either external or domestic demand. In the first four months of 2015, while exports to the US and ASEAN...
China's retail sales moderated in April
May 15, 2015 05:51 am UTC| Commentary
Chinas retail sales growth moderated to 10.0% y/y in April from 10.2% in March, also missing consensus expectations. As CPI inflation edged higher in April, sales growth in real terms dipped to 9.9% y/y from 10.2%...
China's IP growth softened further from Q1 levels
May 15, 2015 05:49 am UTC| Commentary
Chinas IP growth improved slightly to 5.9% y/y in April from 5.6% in March, reflecting the resumption of production after the late Lunar New Year in 2015. However, the April reading was still weak, lagging the 6.4% y/y...
China's FAI growth slowed sharply
May 15, 2015 05:46 am UTC| Commentary
Chinas FAI data disappointed the market. The sharp fall in investment growth, especially property investment growth, is a headwind to the economy. YTD FAI growth fell to 12% y/y in April from 13.5% in March, according to...
BoK steps up coordination with government; while staying on data dependent mode
May 15, 2015 05:39 am UTC| Commentary
The Bank of Korea remained on hold at its May policy meeting, in line with expectations, after cutting its policy rate 25bp, to 1.75%,on 12 March (the third cut since August 2014 and the sixth since the easing cycle began...
UK RICS house price balance rose from 22% to 33%
May 15, 2015 00:27 am UTC| Commentary
The RICS house price balance rose from 22% to 33%, much stronger than the 22% expected by consensus.Given that house prices rose over the month of April when UK election uncertainty was at its maximum, the RICS reading...
South Africa’s plan to move away from coal: 8 steps to make it succeed
Germany lowers voting age to 16 for the European elections
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects