Mexican economy likely to expand 0.6% q/q

Jan 27, 2016 22:26 pm UTC| Commentary Economy

Barclays has revised up the growth outlook for the Mexico from 0.2% to 0.6% in Q4 2015. According to the latest economic data, the Mexican economy expanded 0.1% m/m sa in November, stronger than expected (-0.4%) as result...

China Crisis Series

China Jan PMI data likely to heighten concerns of a deeper slowdown

Jan 27, 2016 15:02 pm UTC| Commentary Economy

Chinas Jan PMI data is likely to have contracted for the sixth consecutive month in January, a Reuters survey showed. Reuters forecasts official manufacturing Purchasing Managers Index (PMI) likely edged down to 49.6 in...

Italy bad bank deal done

Jan 27, 2016 11:45 am UTC| Commentary Economy

Italy and European Union has reached an agreement, where a guarantee scheme will be in place to help Italian banks to place their large non-performing asset portfolio to private investors in a bid to free up the capital of...

China Crisis Series

Falling China’s industrial profits puts PBoC in a tough spot

Jan 27, 2016 11:24 am UTC| Commentary Economy Central Banks

Chinas industrial profits decreased by 2.3 percent y/y for the year 2015, as compared with previous years gain of 2.2 percent, suggesting that a need for deleveraging in Chinas industrial sector. Mining sector was hit hard...

China Crisis Series

Industrial profit and rail freight both point to no recovery in Chinese economy

Jan 27, 2016 08:56 am UTC| Commentary Economy

According to latest data available, Chinas Industrial profit dropped by 4.7% in December from a year ago. It had fallen 1.4% in November and record 8.8% in August. Latest GDP reading shows, economy grew at 6.9% in 2015,...

Japanese small business confidence drops to worst in seven months

Jan 27, 2016 08:54 am UTC| Commentary Economy

Amid global market turmoil in the world and weakness in China, Japanese small business confidence started the year in downbeat note, data compiled by Shoko Chukin Bank shows. The reading is an important gauge of...

15 economic milestones which have led to the current eurozone crisis

Jan 27, 2016 04:55 am UTC| Insights & Views Economy

Last week the European Central Bank opted to leave interest rates on hold, amid financial market volatility that has fuelled further concern about eurozone growth prospects. But Professor emeritus at UNSW Australia,...