Search Results for: economy
Trans-Pacific free trade deal agreed creating vast partnership
October 6th, 2015
The biggest trade deal in decades was struck on Monday. The Trans-Pacific Partnership (TPP) cuts trade tariffs and sets common standards in trade for 12 Pacific rim countries, including the US and Japan. It marks the end of five ...
Reserve Bank of Australia (RBA) Monetary Policy Decision
October 6th, 2015
Statement by Glenn Stevens, Governor: Monetary Policy Decision At its meeting today, the Board decided to leave the cash rate unchanged at 2.0 per cent. The global economy is expanding at a moderate pace, with some further softening in ...
Euro Area Urges Tsipras to Meet Bailout Pledges Without Delay
October 6th, 2015
Funds for recapitalization tied to country meeting conditions Finance ministers tell Tsipras not to ease up on reforms Greece shouldn’t expect the euro area to relax bailout requirements to meet next month’s deadline for unlocking money to recapitalize its ...
Japan Leads Asian Shares Higher
October 6th, 2015
Markets across Asia rallied Tuesday, with shares in Japan rising on bets that its central bank may further loosen monetary policy at its meeting this week. Japan’s Nikkei Stock Average was up 1%. Hong Kong’s Hang Seng Index and ...
From Volkswagen to China: What Might Derail Germany’s Growth
October 5th, 2015
German economy seen expanding 1.9% in 2015 and 2% in 2016 Focus on domestic demand amid vulnerable export outlook Europe’s economic powerhouse is facing a test of might. Germany’s trademark industrial prowess has been called into question by Volkswagen AG’s ...
Greece to unveil painful 2016 draft budget
October 5th, 2015
Greece will unveil a painful 2016 draft budget on Monday meant to satisfy international creditors, projecting the economy will stay in recession next year before returning to growth in 2017, in line with the estimates by the country’s lenders. ...
NIRP, its likelihood and effect on commodities
October 5th, 2015
In last week’s article I pointed out that negative interest rates should lead to a general shift in consumer preferences from money towards essential goods. Central bankers may wish for this outcome on a controlled basis to allow them ...
EY recruits over 4500 people and breaks £2b milestone in the UK
October 2nd, 2015
8% growth takes revenue over £2b Record 95 equity Partners join the UK Partnership – over a third are women New office opens in Canary Wharf Growth reported across all service lines and regions Distributable profits up 6% from ...
VW takes 4,000 cars off the UK market
October 2nd, 2015
Volkswagen is suspending the sale of 4,000 vehicles in the UK in the wake of the emissions scandal. The company said the vehicles may be equipped with the device that cheated emissions tests in the US. The move will ...
Asian Shares Mostly Lower as Investors Await U.S. Jobs Data
October 2nd, 2015
A stronger reading could increase the chances of a rise in U.S. interest rates by year-end Asian stock markets drifted mostly lower Friday, as investors looked to a coming jobs report in the U.S. for clues about when the Federal Reserve ...
