Eurozone’s GDP slowed in Q2
Eurozone GDP growth slowed in the second quarter to 0.3%, half the rate of the preceding period, but inflation picked up to 0.2%. Growth stalled in France, the second-leading industrial power in the currency bloc. […]
Financial & Economic News
China’s internet regulator ordered online companies to stop news reporting
China’s top internet regulator has ordered major online companies including Sina Corp. (NASDAQ:SINA) Tencent (OTCPK:TCEHY), Sohu.com (NASDAQ:SOHU) and NetEase (NASDAQ:NTES) to stop original news reporting, tightening its grip over the country’s web and information industries. […]
Risks rise as investors extend bets on low rates
Betting on longer-dated government bonds continues to be a popular strategy globally as investors calculate that low rates will extend well into the future. But risks grow more significant the longer the trend persists as […]
IMF advises India to press ahead with reforms to consolidate gains
India is on the right reform track but should continue with a planned tax and other measures, according to an International Monetary Fund research note. “To reduce external vulnerabilities and reach the authorities’ fiscal deficit […]
More people are working past 65
More seniors are working past the traditional retirement age as employee benefits change, jobs require less physical exertion and overall health improves. The percentage of people older than 65 in the workforce was 19.4% last […]
S&P warns of “Crexit”
Standard & Poor’s issued a report predicting global corporate debt to hit $62 trillion by 2020 and $75 trillion the year after that. The report suggests that a credit correction began in late 2015 and […]
US Fed holds rates steady, but notes brighter outlook
As widely expected, the US Federal Reserve held rates steady Wednesday, but it also offered an optimistic outlook on the economy with a diminished risk profile. Improvements in the labor market and economy will likely […]
Japanese government implements a large stimulus package
The Japanese government rolled out a surprisingly large stimulus package equal to about 6% of the economy. Markets reacted quickly, tamping down the yen and sending stocks higher, while the move was seen as raising […]