Search Results for: US economy
Gold Rebounds Boosted by India Holiday Sales
October 21st, 2014
Even after a two-week rally in bullion, domestic prices remain 7.4 percent lower than a year ago just as sales are set to climb for the festival and wedding season. India is the largest gold buyer after China. The ...
China’s economic growth slows to 7.3 percent in third quarter, near six-year low
October 21st, 2014
China grew at its slowest pace since the global financial crisis in the September quarter and risks missing its official target for the first time in 15 years, adding to concerns the world’s second-largest economy is becoming a drag ...
UK Tax Gap Widens
October 20th, 2014
The UK tax authority, HM Revenue and Customs (HMRC), has revealed that the UK tax gap grew to 6.8 percent in the fiscal year 2012-13, up 0.2 percent year-on-year. The tax gap, which measures the amount of tax that ...
Volatility unlikely to alter Fed’s Policy Course
October 20th, 2014
The Federal Reserve still plans to wrap up its bond-buying campaign at the end of October and remains likely to raise interest rates in mid-2015, although it now seems less likely to act sooner, analysts say. The Federal Reserve ...
IMF: Singapore may decline its competitiveness
October 20th, 2014
Singapore’s plans to cut reliance on foreign workers could reduce its competitiveness and growth potential while keeping core inflation elevated, the International Monetary Fund said in a report on Saturday. The IMF said Singapore’s plans to restructure its economy ...
Yen at around 110 to the dollar a key pain point for Japan firms
October 20th, 2014
Nearly half of Japanese firms think the government should start defending the yen at this month’s dollar high of 110, a Reuters survey shows, underscoring the threat that rising fuel and other import costs pose to a fragile economy. ...
Foreign direct investment in China declines for third month
October 17th, 2014
Foreign direct investment (FDI) for September rose year-over-year, even as the flow of foreign investment for the year to date continued its third month of decline, Reuters reported, citing a statement from the Commerce Ministry. China attracted US$9 billion ...
Asia stocks halt selling as U.S. data calm investor nerves
October 17th, 2014
Asian stocks clawed back some of this week’s losses on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge. MSCI’s broadest index ...
BVI Welcomes International Recognition for Financial Center
October 16th, 2014
The Premier of the British Virgin Islands, Orlando Smith, has welcomed recent recognition for the territory from two new independent surveys about offshore financial centers. The BVI achieved the highest rating among offshore centers in the Global Financial Centers ...
Stocks Lower Thursday After Rough Day on Wall St.
October 16th, 2014
Investors have grown increasingly concerned over signs that global economic growth is faltering and that policy makers may lack the monetary and fiscal tools necessary to stop the slide. The volatility in global markets extended into another day, with ...
