Tag : banking

The huge investment made in World Cup facilities and related infrastructure may not throw up benefits as touted by the government, reports Team IFM Rio de Janeiro, June 19: The soccer World Cup tournament going on in Brazil puts a spotlight not only on the sport and its colourful fans, but also on the economic...

Independent data also paints slow days in May while analysts fear more weaknesses emerging this quarter, reports Team IFM Sao Paolo, June 18: Brazil’s once-bustling economy went on a sloth mode in April, with its business activity showing only moderate upswing despite the imminent FIFA World Cup, even as an independent report projected a downcast...

The central bank has kept the base rate untouched for months, but an uptrend in the inflation rate and slight slippage in export performance may call for some policy changes, reports Team IFM Seoul, June 18: South Korea’s central bank held its benchmark interest rate steady at 2.5 percent for a 13th straight month, but...

Manufacturing, services recoveries in Germany, Italy and Spain offset weakness in France, reports Team IFM Brussels, June 18: The euro zone is on course to record its best calendar quarter of economic growth in three years in the April-June period this year, according to financial information provider Markit, endorsing a European Commission finding that business...

Although hit hard by Boko Haram insurgency and killings, the country manages to remain on the growth track as the threats prove least deterring for investors, reports Team IFM Abuja, June 17: Nigeria’s economy grew at an estimated 6.6 percent in the first quarter of the year, its central Bank said citing figures from the...

Industrial production up in April, while business activity picks up pace across regions in May, reports Team IFM London, June 17: The level of GDP growth in the UK has surpassed its pre-recession peak while its economy is set to grow by 2.9 percent this year, an independent British research body has said, even as a...

The World Cup is proving to be costly for the Argentine economy as it can ill afford to allow thousands of fans to cross over to Brazil and spend millions of dollars on the matches, reports Team IFM Buenos Aires, June 17: Argentina’s efforts to stabilise the peso while the country is being mauled by...

Industrial production soared in April and May while inflation eased a little raising expectations that the present government will deliver on its promises, reports Team IFM New Delhi, June 17: India’s industrial production for April soared 3.4 percent over its year-ago levels, government data showed on Thursday beating market forecasts in what could be another...

Analysts say implementation of sales tax increase negatively impacted Japanese manufacturing companies, reports Team IFM Tokyo, June 13: The Japanese government has revised its reading for April’s industrial production, saying the decline was sharper than had been initially estimated, official data show, confirming an independent analysis that said the rebound seen in the previous month...