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....

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...