Search Results for: US economy
Russian Billionaires in ‘Horror’ as Putin Risks Isolation
July 21st, 2014
Russia’s richest businessmen are increasingly frantic that President Vladimir Putin’s policies in Ukraine will lead to crippling sanctions and are too scared of reprisal to say so publicly, billionaires and analysts said. If Putin doesn’t move to end the ...
Gold Steady Ahead of Key US Numbers
July 17th, 2014
Gold is trading just shy of the key $1300 level on Thursday. In the European session, the spot price stands at $1299.07 per ounce. On the release front, it’s a busy day with three key events, Building Permits, Unemployment ...
Europe Stocks Slide With Russia’s Ruble as Gold Advances
July 17th, 2014
European stocks dropped while gold and the yen rallied as new sanctions sent Russia’s ruble and bonds plunging amid efforts to curb violence in Ukraine. Chinese shares fell as new offerings locked up funds and a potential onshore-bond default ...
Australia repeals controversial carbon tax
July 17th, 2014
Australia’s government repealed a much-maligned carbon tax on the nation’s worst greenhouse gas polluters on Thursday, ending years of contention over a measure that became political poison for the lawmakers who imposed it. The Senate voted 39 to 32 ...
China urges U.S. not to abuse trade system for own advantage
July 17th, 2014
China’s commerce minister urged the United States on Thursday not to abuse the global trade system by imposing duties on Chinese goods to protect its own economy, following a rebuke to Washington by the World Trade Organization. WTO judges ...
G20 must shape a new world trade regime
July 17th, 2014
Over the past decade global trade and investment discussions have moved far away from the formal global trade regime. The multilateral system has been mired in the Doha Development Round — defined by a single undertaking and a fixed ...
EUR/USD: Dollar Rally Continues on Yellen Remarks
July 16th, 2014
EUR/USD continues to point southward on Wednesday. In the European session, the pair is trading in the low-1.35 range. The dollar is broadly higher following remarks from Janet Yellen on Tuesday concerning an interest rate hike. The Fed chair ...
China’s economy grows 7.5% in 2nd quarter
July 16th, 2014
China’s economy, the second largest worldwide after the USA, achieved better than expected growth in the second quarter of 2014, according to official figures released Wednesday that showed government stimulus measures starting to bite. Economic growth was 7.5% in ...
U.S. retail sales, manufacturing data point at firming economy
July 15th, 2014
A gauge of U.S. consumer spending rose solidly in June, in the latest sign that the economy ended the second quarter on a firmer footing. That momentum appeared to have carried into the third quarter, with other data on ...
ESMA details new market abuse regime
July 15th, 2014
The European Securities and Markets Authority (ESMA) has launched a consultation on the new Market Abuse Regulation (MAR) which entered into force on 2 July 2014. It is issuing two consultation papers seeking stakeholders’ views on the draft regulatory ...
