Friday, Jul 31, 2026

International Finance

Category : Economy

Economy

China’s service sector expands at a rapid pace

International Finance Desk
by International Finance Desk
Findings of survey by financial information service provider Markit IFM Correspondent November 3, 2016: China’s services sector grew at the strongest pace in four months up to October as new business picked up, encouraging companies to hire more workers, a private survey showed. The Caixin China General Services PMI (Purchasing Managers’ Index) came in at...
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Economy

US stocks fall on hint of Trump win

International Finance Desk
by International Finance Desk
ABC/Washington Post poll on presidential race gave one point lead to the Republican candidate IFM Correspondent November 3, 2016: US stocks fell to the lowest since July amidst the uncertainty surrounding the presidential election after one poll suggested Donald Trump could win. The latest ABC/Washington Post poll shows US presidential candidates Hillary Clinton and Donald...
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Economy

Brexit: UK grows faster than expected

International Finance Desk
by International Finance Desk
The economy grew by 0.5% in the three months following the Brexit vote IFM Correspondent November 1, 2016: Britain’s economy grew more than expected in the three months following its vote to leave the European Union despite concern that apprehension over the country’s future would weigh on business. The economy expanded by 0.5% in the...
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Economy

China’s investment in Indonesia up from $600 million to $1.6 billion

International Finance Desk
by International Finance Desk
Boost for President Joko Widodo’s ambitious program to build infrastructure IFM Correspondent November 1, 2016: Many countries are racing to invest in Indonesia, South East Asia’s biggest economy. Last week, Finance Minister Sri Mulyani Indrawati said the economy will probably expand 5 percent this year, making Indonesia an attractive investment destination. According to reports from...
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Economy

Brexit: Sterling appears more vulnerable than any other major currency

International Finance Desk
by International Finance Desk
Its value in foreign exchange markets is reliant on purchase of UK financial assets by overseas investors Don Smith October 27, 2016: Despite a run of better than expected UK economic data since the Brexit vote – including 0.7% second-quarter expansion, beating estimates – financial markets are increasingly concerned about the outlook for the country’s...
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Economy

Oil price down cycle ‘nearing end’: Saudi minister

International Finance Desk
by International Finance Desk
“Market fundamentals, in terms of supply and demand, have begun to improve” IFM Correspondent October 26, 2016: Speaking at the World Energy Congress in Istanbul, Turkey, Saudi Arabia’s Energy Minister Khalid al-Falih said that as market fundamentals improve, the current down cycle of crude prices is close to an end. Oil prices are currently hovering...
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Economy

Canadian economy at stake over landmark trade deal with EU

International Finance Desk
by International Finance Desk
Canada and the EU remain hopeful that CETA, the EU’s most ambitious free trade deal, can still go through IFM Correspondent October 25, 2016: The Canadian economy has been facing a serious slump due to a number of reasons. To add to its woes, negotiations over a key trade deal – the Comprehensive Economic and...
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Economy

Next US president may have to deal with recession

International Finance Desk
by International Finance Desk
WSJ survey reveals odds of a recession within next 12 months is about 21% IFM Correspondent October 24, 2016: Only a few weeks is left before the US chooses its 45th president. Historically, every US president elected till date has faced a recession or a recession-like scenario. A Wall Street Journal survey in June of...
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Economy

Iraq refuses to cut oil production

International Finance Desk
by International Finance Desk
Says the country needs funds as it is embroiled in a war with Islamic militants IFM Correspondent October 24, 2016: It is back to square one. When things were finally looking up for the oil market with Iran agreeing to stabilise the market, Iraq played a spoilsport by refusing to join any deal from OPEC...
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