International Finance

Tag : Capital Markets

Economy

Euro zone on course for best quarter in three years

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...
Economy

Nigeria’s Q1 growth slows to 6.6%, new GDP sums put it ahead of SA

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...
Economy

UK growth finally surpasses pre-meltdown peak

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...
Economy

Argentina faces Cup of woes

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...
Economy

India’s April industrial output jumps 3.4%

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...
Economy

French factory output recovers in April, dips in May

Central bank now expects economy to grow only 0.2 percent in the second quarter, reports Team IFM Paris, June 17: France witnessed its manufacturing output in April nosing up slightly ahead of levels of the previous month, official data released earlier this week showed, while an independent survey said it would hit “near stagnation” in...
Economy

Japan’s April industrial output revised, shows bigger fall

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...
Economy

US help-wanted ads hits seven-year high in April

Conference Board says trend continues in May as American economy gathers momentum, reports Team IFM New York, June 13: American employers are gaining confidence, going by the number of advertisements for job openings they have issued in April, an official statement said on Tuesday, while the recruitment index of an independent survey showed the trend...
Economy

Canada rides demand for temps to see job pool swell

Payroll increase subdued since last August, with bulk of growth over past year being in part-time segment, reports Team IFM Ottawa, June 12: Canada rode a demand for part-time workers in May to register a rise in employment numbers for the month, its data office has said, even as an independent survey of the nation’s...
Economy

German factories on a roll in April, see orders recover

Markit data however paints more subdued picture for May despite robust beginning to second quarter, reports Team IFM Wiesbaden, June 12: Orders at German factories posted a remarkable recovery in April after taking the sharpest nosedive in a year the month before, official data released here on Thursday said, while an independent survey showed order...