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Fri, 24 Jul 2015 06:21:04 GMT

Canada's retail sales unexpectedly rise in May on strong auto, gasoline sales

Canada's retail sales surged to a record in May with gains across most categories led by new automobile dealerships.

Fri, 24 Jul 2015 06:00:10 GMT

UK retail sales growth disappoints in June

UK retail sales saw an unexpected decline in June amid decrease in sales of food, other household goods, and other goods.

Fri, 24 Jul 2015 05:50:04 GMT

US initial jobless claims fall to 42-year low

The number of Americans filling new applications for jobless benefits in the week ended July 18 to the lowest level in 42 years, indicating the US labour market kept a solid pace of employment growth in July.

Fri, 24 Jul 2015 05:39:03 GMT

Greece's parliament approves second set of reforms, Spanish unemployment declines in Q2

Athens took another crucial step towards a bailout after parliament approved a second set of reforms that was demanded by Greece's creditors.

Thu, 23 Jul 2015 07:20:03 GMT

Japan's trade deficit narrows sharply in June

Trade deficit of the world's third biggest economy narrowed sharply in June as exports rose, while energy import bill continues to decline.

Thu, 23 Jul 2015 07:09:07 GMT

RBNZ cut official cash rate to 3.00%

Reserve Bank of New Zealand cut interest rates for the second time in six weeks and hinted further easing will likely be needed to underpin inflation as growth slows.

Thu, 23 Jul 2015 06:50:04 GMT

BoE policy makers vote unanimously to keep rates and bond portfolio unchanged

Bank of England policy makers voted unanimously in July to hold the central bank's key interest rate unchanged. Yet, their unanimity masks increasingly lively discussions over the timing of interest rate hike.

Thu, 23 Jul 2015 06:29:03 GMT

US home resales surge to 8-year high in June

US home resales surged to the highest level in more than eight years in June, while the median sales price hit an all-time high, according to the National Association of Realtors.

Thu, 23 Jul 2015 06:18:06 GMT

S&P's upgrades Greece's rating to CCC+

Standard & Poor's upgraded Greece's sovereign credit rating to CCC+ from CCC– and revised the country's outlook from negative to stable.

Wed, 22 Jul 2015 05:37:04 GMT

Swiss trade surplus widens unexpectedly in June, while economic expectations worsen

Swiss trade surplus rose unexpectedly in June, the Federal Statistics Office reported.

Wed, 22 Jul 2015 05:26:04 GMT

Interest rate cut remains on the table, Stevens says; inflation rises 0.7% in June quarter

Reserve Bank of Australia Governor Glenn Stevens said an interest-rate cut remains "on the table," while adding that the depreciation of the Aussie Dollar is having an expansionary effect on the nation's economy.

Wed, 22 Jul 2015 05:15:03 GMT

UK public sector net borrowing falls in June, as income and corporation tax receipt rice to record high

UK public sector borrowing declined in June, as income and corporation tax receipts soared to record levels.

Wed, 22 Jul 2015 05:04:04 GMT

ECB's QE fuels house bubble; Greek debt relief discussed

Moody's Analytics warned that the European Central Bank's QE worth 60 billion euros a month might be fuelling housing bubble in the UK, Germany and Norway.

Tue, 21 Jul 2015 05:56:04 GMT

Australia's economy growth likely slowed in Q2, Aussie too high, RBA says

The Reserve Bank of Australia said growth likely slowed in the second quarter, while the Australian Dollar continues to offer little assistance.

Tue, 21 Jul 2015 05:45:04 GMT

Canada's wholesale trade falls in May amid weak auto industry

Canada's wholesale trade fell in May led by a decrease in motor vehicle sales, according to Statistics Canada. Sales decreased by 1.0% to C$54.5 billion, exceeding economists' expectations for a flat reading, and marking the biggest decline in four months.

Tue, 21 Jul 2015 05:34:03 GMT

BoE to begin tightening monetary policy as las as Q3 2016; rate unlikely to move above 3%

The Bank of England is predicted to start tightening its monetary policy as late as in the three months through September of 2016, according to EY ITEM Club's latest forecast for the UK economy.

Tue, 21 Jul 2015 05:23:03 GMT

Greece repays some debts; Euro zone current account surplus shrinks

Greece reopened its banks, cleared overdue debt repayments of 2.05 billion euros to the IMF and initiated payment of 4.2 billion euros in principal and interest to the ECB after Athens received emergency funding assistance from European authorities.

Mon, 20 Jul 2015 06:24:05 GMT

Canada's annual inflation quickens in June amid higher food and shelter costs

Canada's annual inflation accelerated in June as food and shelter costs rose, while energy provided less of a drag.

Mon, 20 Jul 2015 06:11:05 GMT

US housing market set for robust growth, while consumer inflation continues to rise

US housing starts recovered strongly in June, while building permits surged to near the highest level in eight years, adding to signs of a rapidly strengthening housing market.

Mon, 20 Jul 2015 06:00:08 GMT

Key highlights of the week ended July 17

European leaders unanimously reached a third bailout deal for Greece, worth up to 86 billion euros, while the ECB raised its emergency-lending ceiling to Greek banks by 900 million euros, putting the total amount of ELA at nearly 90 billion euros.

Fri, 17 Jul 2015 06:56:04 GMT

New Zealand inflation rises 0.4% in Q2, making rate cut more likely next week

While New Zealand's inflation rose slightly in the three months ending June 30, it remained well below the RBNZ's target range of 1% to 3%, putting greater pressure on the central bank to proceed with the easing cycle it initiated last month.

Fri, 17 Jul 2015 06:33:04 GMT

BoE may start lifting interest rates around turn of year, Carney says

Bank of England Governor Mark Carney hinted that UK interest rates could rise "at the turn of the year", adding that any lift in borrowing costs would be gradual and would not reach the pre-crisis level.

Fri, 17 Jul 2015 06:14:04 GMT

US jobless claims fall; Yellen see risks of hiking rates too soon

The number of Americans who applied for unemployment benefits declined in the week ended July 11, coming in slightly better than expected.

Fri, 17 Jul 2015 06:03:05 GMT

ECB raises ELA to Greek banks by 900 million euros, keeps rates unchanged

The European Central Bank kept its interest rates unchanged for already the eighth consecutive meeting.

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