Economy Archives

German factories on a roll in April, see orders recover

International Finance DeskJune 12, 2014

by International Finance DeskJune 12, 2014

Markit data however paints more subdued picture for May despite robust beginning to second quarter, reports Team IFM Wiesbaden, June 12: Orders at German factories posted a remarkable recovery in April after taking the sharpest nosedive in a year the month before, official data released here on Thursday said, while an independent survey showed order...

Economy

US regains lost jobs as economy picks up

International Finance DeskJune 12, 2014

by International Finance DeskJune 12, 2014

Employment indicators reveal that the recession-hit economy is slowly getting up on its feet, reports Team IFM Washington, June 12: US job situation returned to its pre-recession peak in May with hiring going on full steam ahead, confirming expectations that the economy has finally snapped back from a winter slump. Payrolls pushed past their pre-recession...

Economy

How can finance innovation boost UK as an export nation?

International Finance DeskJune 9, 2014

by International Finance DeskJune 9, 2014

by Andrew Jesse, VP, Basware 9th June 2014 Recent statistics have outlined that the financial technology sector is one of the strongest sectors in the UK economy, with investment jumping 177 per cent in the first quarter of 2014 compared to last year. It is clear that this is a large growth area for the...

Economy

UAE’s non-oil firms gallop, Saudi Arabia’s canter

International Finance DeskJune 9, 2014

by International Finance DeskJune 9, 2014

Survey reports say private sector output in the emirate at near-record pace, while those in the kingdom see sluggish order increase, reports Team IFM Abu Dhabi, June 9: Two separate reports have painted contrasting performance pictures for non-oil producing private sector companies in the United Arab Emirates (UAE) and Saudi Arabia for May. While an...

Economy

Australian factories remain in the red in May

International Finance DeskJune 9, 2014

by International Finance DeskJune 9, 2014

Confidence dampened following Federal Budget despite a rise in production, reports Team IFM Sydney, June 9: May witnessed a contraction in Australia’s manufacturing industry for the seventh consecutive month, an independent survey report has found, the latest shrinkage primarily reflecting the budget blues in the business sector. The latest Australian Industry Group (AIG) Manufacturing Index...

Economy

Indonesia sees April trade deficit on low China, India demand

International Finance DeskJune 9, 2014

by International Finance DeskJune 9, 2014

But new order growth gains further momentum in May giving manufacturing a boost, reports Team IFM Jakarta, June 9: Indonesia’s balance of trade in April recorded a deficit of $1.96 billion thanks to weakening overseas orders, official data released this week showed, even as an independent survey report said new orders placed with manufacturers rose...

Economy

China notches trade surplus as exports go up, imports dip

International Finance DeskJune 8, 2014

by International Finance DeskJune 8, 2014

Survey shows new export orders for manufacturing sector rising at quickest pace in four years and companies citing new client wins, reports Team IFM Beijing, June 8: Chinese exporters rode robust demands from the US and the European Union to beat forecasts and register a marked increase in overseas shipments in May that far outstripped...

Economy

Funds flee Brazil as demand falls and growth slumps

International Finance DeskJune 6, 2014

by International Finance DeskJune 6, 2014

In the run-up to the football World Cup, ETF investors have been busily trimming their exposure in Brazil, reports Team IFM Sao Paolo, June 6: Ahead of 2014 FIFA World Cup, investors in equities are looking at Brazil as a long shot. They have been steadily reducing their exposures in Brazilian equities despite the recent...

Economy

South African trade deficit widens, tops predictions

International Finance DeskJune 5, 2014

by International Finance DeskJune 5, 2014

Falling auto exports, strikes in mines blamed even as survey report says business conditions are deteriorating, reports Team IFM Pretoria,June 5: A marked slowdown in vehicle exports unexpectedly widened South Africa’s trade deficit to 13.026 billion rand ($1.3 billion) in April, official data released last week showed, while an independent survey report said business conditions...

Economy

India’s growth up a tad at 4.7%

International Finance DeskJune 5, 2014

by International Finance DeskJune 5, 2014

Marginal growth in GDP is quite challenging for the new dispensation that promises to boost economy and create more jobs, reports Team IFM New Delhi, June 5: India’s economic growth picked up marginally at 4.7 percent for 2013/14, which marks the second straight year of below 5 percent growth and the worst slowdown in 25...