Fall in China’s exports and imports
Exports are not expected to contribute to the nation’s growth in the next few quarters...
Tag : 2016
Bank of England keeps interest rate unchanged
Makes no change to its bond buying programme...
End of era of very low inflation and interest rates
Many investors believe there are more hikes to come due to the strength of the US economy and the likely policies of a Trump presidency...
US Fed hikes interest rate
The hike is only the second since 2008 IFM Correspondent December 15, 2016: Citing an improving economy, the US Federal Reserve raised its key interest rate on December 14 for the first time in 2016 by a quarter percentage point. In a statement after a two-day meeting, the Fed said policymakers unanimously agreed to lift...
KPMG International aggregated revenue for FY16 is $25.42 billion
Growth driven by investments in innovation, alliances and people December 14, 2016: KPMG International announced aggregated network revenues of $25.42 billion for the fiscal year ending September 30, 2016 (FY16), representing an 8.0% increase in local currency terms. “KPMG’s strong FY16 results, in what remains a slow-growth global environment, are a testament to the passion and innovative thinking we...
Gold demand fell in Q3 of 2016
Exchange-Traded Products were the only area of growth IFM Correspondent November 10, 2016: Gold demand fell 10% in Q3 to 992.8 tonnes (t). Exchange-Traded Products were the only area of growth, with inflows of 145.6 tonnes. Bars, coins and jewellery remained very weak: year-to-date consumer demand was down 16%, according to the World Gold Council’s...
Hiring on the decline in UAE
Highest decline is in the hospitality and oil & gas industry Suparna Goswami Bhattacharya November 7, 2016: The number of job opportunities in the UAE is on the decline. The latest Monster Employment Index (MEI), a monthly gauge of vacancies posted by employers and websites in the Middle East, shows that job opportunities dropped by...
Employment grows in the US
Businesses added 175,000 jobs to the US economy in October IFM Correspondent November 4, 2016: US employers hired more workers in October and also hiked the wages of existing workers. Businesses added 175,000 jobs to the US economy in October and 156,000 jobs in September, while the unemployment rate ticked up to 5%. “The expected...
Brexit: UK grows faster than expected
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...
China’s investment in Indonesia up from $600 million to $1.6 billion
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...