Search Results for: economy
Asian stocks dip, euro stuck near one-year lows
September 2nd, 2014
Asian shares slipped on Tuesday as a U.S. holiday robbed markets of momentum, while the euro hit a fresh one-year low on uncertainty over the European Central Bank’s policy decision later this week. Spreadbetters expected an effectively flat open ...
Canada seeks to become Renminbi (RMB) trading centre for the Americas
September 2nd, 2014
The Toronto Financial Services Alliance (TFSA) and AdvantageBC has announced they would work together, with officials from the federal, Ontario and BC governments, and the financial industry, to promote Canada as a trading hub for the Chinese currency, the ...
RBA maintains run of record low rates
September 2nd, 2014
The Reserve Bank of Australia has kept official interest rates on hold at record lows as investors await the official update of Australia’s economic growth rate and remarks from RBA governor Glenn Stevens at lunchtime tomorrow. For the 13th ...
Japan wage growth surges in July
September 2nd, 2014
Japanese wages unexpectedly logged their strongest increase since 1997, providing a boost to the government’s battle against deflation. Labour cash earnings rose by 2.6% in July compared to a year ago, beating forecasts of a slowdown to 0.9%. “With ...
Merkel unhappy with Draghi’s apparent new fiscal focus
September 1st, 2014
A German news magazine reported on Sunday that Chancellor Angela Merkel is unhappy with European Central Bank chief Mario Draghi for apparently proposing a greater emphasis on fiscal stimulus over austerity in order to boost growth in Europe. Draghi ...
German business attacks ‘complacent’ Berlin
September 1st, 2014
Germany has become “overconfident” and “complacent”, with the government pursuing policies that put the country’s hard-won competitiveness at risk, some of Germany’s top business leaders warn. Their criticisms of chancellor Angela Merkel’s government come as Europe’s largest economy is ...
Abenomics, European Style
September 1st, 2014
Two years ago, Shinzo Abe’s election as Japan’s prime minister led to the advent of “Abenomics,” a three-part plan to rescue the economy from a treadmill of stagnation and deflation. Abenomics’ three components – or “arrows” – comprise massive ...
Weak data to test BOJ’s rosy economic view, policy on hold
September 1st, 2014
The Bank of Japan will maintain its existing stimulus policy and optimistic economic view on when it meets on Thursday, sources say, preferring to take more time to gauge whether a run of weak data is sufficient to threaten ...
Asian shares wobble in early trade, euro sinks
September 1st, 2014
Asian shares edged higher on Monday, with investors wary of a deepening crisis in Ukraine and a downbeat China manufacturing survey, while the euro touched a fresh one-year low ahead of this week’s European Central Bank meeting. “Naturally, developments ...
UK businesses ‘want new EU deal’, says lobby group
September 1st, 2014
Most British businesses want the UK to renegotiate its relationship with the EU, according to a British Chambers of Commerce (BCC) survey. The lobby group said 60% of the 3,200 firms polled believed bringing some powers home would help ...
