0.0 00 Two weeks ago, the European Central Bank’s (ECB) President Mario Draghi said the bank would ease more and the bank “stand’s ready to adjust” its policy further. Many economists took this as an indication …
Read More »Weekly Economic Recap: Inflation Pressures Ease for Yellen and Co.
0.0 00 Article Summary: The CPI slowed a bit and printed at 0.1 percent and 1.9 percent annually. Energy prices have finally calmed down and retreated across the board. Housing starts and building permits have increased …
Read More »Weekly Economic Recap: U.S. Economy Remains Uneven
0.0 00 Article Summary: There is still a lot of slack in the labor market especially with hourly average earnings. Consumers are not spending, especially on big ticket items. There is a softness in auto sales. …
Read More »Weekly Recap: U.S. Nonfarm Productivity Rebounds
0.0 00 Summary: Nonfarm productivity rises sharply printing at 2.5 percent for the previous quarter. Worker output falls 3.2 percent. Labor costs remain benign indicating no upward pressure on wages. At the end of last week, …
Read More »Indian market wrap: Stocks rebound as Asia gains ahead of U.S. Fed meeting
0.0 00 Indian market wrap: Stocks rebound as Asia gains ahead of U.S. Fed meeting MUMBAI (NewsRise) — Indian shares climbed to a two-week high Wednesday, following rallies in the U.S. and China, as investors braced …
Read More »Abenomics losing steam: S&P downgrades Japan ratings
0.0 00 Abenomics losing steam: S&P downgrades Japan ratings TOKYO — Standard & Poor’s lowered Japan’s credit ratings Wednesday, citing a lack of confidence in Prime Minister Shinzo Abe’s economic policies. “We believe the …
Read More »Sun Pharmaceutical Industries: Indian drugmaker to buy US eye care company
0.0 00 Sun Pharmaceutical Industries: Indian drugmaker to buy US eye care company NEW DELHI (NewsRise) — Sun Pharmaceutical Industries, controlled by billionaire Dilip Shanghvi, has agreed to buy U.S.-based InSite Vision for $48 million in …
Read More »Indonesia smoking out region: Mask sales soar in Singapore
0.0 00 Indonesia smoking out region: Mask sales soar in Singapore SINGAPORE — Indonesians, Malaysians and Singaporeans are scrambling to deal with thick waves of smoke from land-clearing fires purposefully set in Indonesia. In …
Read More »Crude crunch: Falling oil prices may prompt industry shake-up in Australia
0.0 00 Crude crunch: Falling oil prices may prompt industry shake-up in Australia SYDNEY — The outlook for mergers and acquisitions in Australia’s oil and gas sector has clouded with liquefied natural gas producer Oil Search …
Read More »Myanmar elections: Suu Kyi courts ethnic vote
0.0 00 Myanmar elections: Suu Kyi courts ethnic vote HSIHSENG, Myanmar — Just before the official campaign period for Myanmar’s Nov. 8 election, opposition leader Aung San Suu Kyi paid a visit to this township in rural Shan …
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