Economy Archives

Global economic growth falters at start of Q2

International Finance DeskMay 13, 2014

by International Finance DeskMay 13, 2014

Japan, emerging markets drag growth numbers though UK expected to return to pre-meltdown scenario from next month, reports Team IFM London, May 13: Global economic growth, dragged down primarily by a disappointing performance by Japanese manufacturers on the eve of the second quarter, eased to a six-month low in April, an independent study released last...

Economy

Pre-meltdown stability by June beckons UK

International Finance DeskMay 11, 2014

by International Finance DeskMay 11, 2014

Quarterly figures for manufacturing suggest economic upswing is continuing, and trade deficit contracting, says Team IFM. London, May 11: The UK’s economy could be back to its pre-meltdown figures in June, an independent study said on Friday, while official statistics showed manufacturing gathering steam and trade figures improving in March. An industry body had earlier...

Economy

Alibaba is flying towards record-high IPO

International Finance DeskMay 8, 2014

by International Finance DeskMay 8, 2014

The initial public offering (IPO) market has been going wild in 2014, with 94 companies jumping into the arena. The most highly-anticipated IPO among investors, though, is that of Alibaba Group Holding Ltd. Alibaba, one of the companies that led China’s emergence as an economic superpower over the last 15 years, filed to go public...

Economy

Australian overnight interest rates kept unchanged

International Finance DeskMay 8, 2014

by International Finance DeskMay 8, 2014

The move, which comes on the eve of the national budget, is the most prudent course, says RBA Governor, reports Team IFM Sydney, May 8: In a widely-anticipated policy announcement on Tuesday that has propped the country’s construction sector and stoked employment since last September, Australia’s central bank said it was keeping its overnight cash...

Economy

German factory output accelerates in April

International Finance DeskMay 7, 2014

by International Finance DeskMay 7, 2014

Manufacturing growth registered for 10 months in a row despite subdued increase in new orders, reports Team IFM Berlin, May 7: Germany’s manufacturing sector brushed aside weaker increase in new orders to swagger into the second quarter, having notched growth figures for the 10th consecutive month in April, according to independent data released late last...

Economy

UK construction grows in April, concerns remain

International Finance DeskMay 7, 2014

by International Finance DeskMay 7, 2014

Growth is at slowest pace for six months, though beats analysts predicting a lower figure, reports Team IFM London, May 7: UK construction companies continued to record strong output rises during April for the 12th straight month but at their slowest pace since October, with all three broad categories of activity registering robust growth, independent...

Economy

Euro area unemployment rate stabilises, but still high

International Finance DeskMay 6, 2014

by International Finance DeskMay 6, 2014

European Commission says region on path to recovery even as it launches plan to prepare for future, reports Team IFM Brussels, May 6: Unemployment rate in the euro region, though still high, is stabilising on the back of a gradual economic recovery, fresh data released last week said, even as the authorities announced on Monday...

Economy

Delayed Easter shopping dents German retail show

International Finance DeskMay 5, 2014

by International Finance DeskMay 5, 2014

Despite recruitments increasing, shopkeepers see sales falling in March compared to business notched up a year ago, reports Team IFM Wiesbaden (Germany), May 5: Easter shopping shifted to April this year, denting the figures for the German retail segment in March as compared to the year-ago period, according to the country’s statistical office. Moreover, contrary...

Economy

Singaporean manufacturers upbeat about future

International Finance DeskMay 2, 2014

by International Finance DeskMay 2, 2014

Gradual economic recovery in the US and Europe fuel hope of business looking up in April-September period, reports Team IFM Singapore, May 2: Local manufacturers, enthused by the ongoing economic recovery in the US and Europe, believe the next six months will usher in a period of good fortune for them, an official statement released...

Economy

Yellen ignores growth numbers, pushes tapering

International Finance DeskMay 2, 2014

by International Finance DeskMay 2, 2014

The Federal Reserve under the new chairman reduces stimulus by another 10 bn, brings it down to $45 billion, and says economic activity is picking up, reports Team IFM Washington, May 2: The Janet Yellen-headed US Federal Reserve has decided to continue with predecessor Ben Bernanke’s tapering policy despite unattractive first quarter growth numbers, announcing...