Search Results for: US economy
Asia stocks rise, dollar sags as weak U.S. data dents rate hike prospects
October 15th, 2015
Asian shares rose to 2-month highs on Thursday and the dollar struggled near multi-week lows after weak U.S. economic data added to expectations that the Federal Reserve will delay hiking interest rates. MSCI’s broadest index of Asia-Pacific shares outside ...
The Numbers Say That A Major Global Recession Has Already Begun
October 14th, 2015
The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”. According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP ...
FTSE 100 on track for third straight day of losses
October 14th, 2015
Stocks in the U.K. dropped Wednesday, driven lower alongside Asian and other European markets after the release of yet more disappointing Chinese data underscored concerns about economic growth in that country. The FTSE 100 UKX, -0.75% fell 0.7% to 6,297.19. The index ...
Asian shares extend losses after China prices cool
October 14th, 2015
Asian shares tottered on Wednesday, extending losses after consumer inflation in China eased more than expected and heightened concerns about deflationary pressures in the world’s second-largest economy. China’s consumer price index (CPI) rose 1.6 percent in September from a ...
Where Is the First Helicopter Drop of Money Likely to Land? (Video)
October 13th, 2015
So what’s left in the toolbag of central banks and states to stimulate recessionary economies if QE has been discredited? The answer: Helicopter Money. We all know helicopter money of some kind is coming as the global economy spirals into recession. Quantitative ...
Talk Is Cheap for Euro as QE’s Diminishing Returns Thwart Draghi
October 13th, 2015
ECB chief reiterates willingness to ease, yet currency gains Debatable whether more stimulus can weaken euro: Investec Traders are losing their faith in Mario Draghi’s ability to weaken the euro. The European Central Bank president has reiterated at least four ...
China imports slump 20% amid falling commodity prices and weak demand
October 13th, 2015
Imports were down for the 11th month in a row, according to official figures, but there are signs that demand for the country’s exports is picking up China’s imports fell heavily in September, official figures said, keeping pressure on ...
SnapSwap granted first bitLicense in Europe
October 12th, 2015
SnapSwap International S.A. announced today that the company has been granted a license to provide services as a regulated payment institution by the Minister of Finance of the Grand Duchy of Luxembourg. The license allows SnapSwap to offer payments, remittances, ...
Gold hits 7-week high as traders bet on U.S. rate hike delay
October 12th, 2015
Gold reaches highest since August at $1,166.60/oz Dollar near 3-week low after Fed minutes Hedge fund, money managers lift bullish bets to 4-mth high Gold rose to 7-week highs on Monday as expectations that the Federal Reserve will postpone ...
VW recalls diesel vehicles in China to correct emissions
October 12th, 2015
Volkswagen is recalling 1,950 diesel vehicles in China to correct engine software that the automaker has admitted cheats on emissions tests. The recall applies to 1,946 Tiguan sport utility vehicles and four Passat B6 sedans, all of them imported, ...
