Category : Economy

The ECB dashes hopes of action against deflation fears in the euro zone by keeping its benchmark rate unchanged even as Bank of England follows suit, reports Team IFM. Frankfurt, February 10: The European Central Bank (ECB) has discounted deflation fears and decided to keep its benchmark refinancing rate unchanged at 0.25 percent, mirroring Bank...

Slouching Dragon, Hidden Elephant 10th February 2014 With the Chinese economy apparently going into a sustained blue funk, India may benefit significantly from lower commodity and crude oil prices, argues Jagannadham Thunuguntla The remarkable resurgence of China’s economy since the 1980s is probably one of the most crucial developments in the recent history of the...

Retail, education and health sectors along with the government bring down hiring for the second straight month, but joblessness too shrinks, Team IFM reports Washington, February 10: American non-agricultural job growth in January shrank beyond forecasts, official employment data released here last week showed, though hiring in the construction sector rose indicating extreme cold conditions...

Depressed manufacturing activity due to a cold wave has affected new jobs aacording to the ADP National Employment Report, Team IFM reports Roseland, NJ, February 8: Depressed manufacturing activity in severe cold weather conditions dragged down recruitment in the American manufacturing sector in January, according to payroll-processing firm ADP’s monthly National Employment Report released ahead...

Central bank signals preference for low but stable interest rates, lower exchange rates but sparks rally in currency, Team IFM reports Sydney, February 6: Announcing a policy shift, Australia’s central bank moved away from its easing bias towards a more neutral monetary policy stance on Tuesday to leave the overnight bank rate unchanged at 2.5...

Dismal EU retail trade data ahead of a crucial ECB policy meet has raised the question whether expectations of an European economic recovery were too hasty, Team IFM reports Brussels, February 6: Christmas shopping seems to have brought little cheer for European retailers last December as sales fell compared to both the preceding month and...

Manufacturing tempo has picked up in Europe with even Greece moving back into growth territory for the first time since August, 2009, Team IFM reports Brussels, February 5: In a nod to rising economic confidence in the Euro zone, regional manufacturers went on a swift canter in January, riding a wave of new orders that...

US manufacturing drags in frigid January, global recovery on track,Manufacturing activity in the US slowed in January mainly due to severe cold weather conditions while global recovery is on track, reports Team IFM New York, February 4:  American manufacturing activity slowed considerably in January mainly on account of severe cold weather conditions, a slowdown in...

The January Economic Sentiment Indicator for the Eurozone rose for the ninth straight month, reports Team IFM. Brussels, February 3, 2014: Economic confidence in the Eurozone grew for the ninth straight month in January, with the Economic Sentiment Indicator – an index to gauge confidence levels – gaining 0.5 points, data from the Business and...

A surge in exports has pushed up Indonesia’s trade surplus in December to more than expected levels, manufacturing has picked up but inflation and currency worries remain, Team IFM reports. Jakarta, February 3: Disaster-scarred Indonesia’s trade balance for December, buoyed by a stellar export show across segments including oil and gas, grew $1.52 billion surpassing...