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Thu, 16 Jul 2015 06:48:04 GMT

BoC cut benchmark rate to 0.5%, downgrades GDP outlook

The Bank of Canada trimmed its benchmark overnight interest rate by 25 basis points to 0.50%, amid a more severe than expected effect of the sharp drop in oil prices and a weak recovery in non-energy sector.

Thu, 16 Jul 2015 06:21:04 GMT

Chinese industrial production and retail sales beat estimates

Chinese economy reported better than expected industrial production and retail sales on a year-on-year basis, therefore suggesting that the stimulus by Beijing has had its effect on the economy.

Thu, 16 Jul 2015 06:10:03 GMT

UK unemployment rate climbs to 5.6% in June, while wage growth continues to accelerate

The British unemployment climbed for the first time in more than two years, while faster earnings growth suggests the Bank of England would continue to signal an interest rate hike is moving closer.

Thu, 16 Jul 2015 05:59:03 GMT

US wholesale prices rise in June, Yellen sees rate hike in 2015

Wholesale prices in the US rose more than expected last month as the cost of fuel increased, reinforcing the view inflation is slowly climbing from historically weak levels.

Thu, 16 Jul 2015 05:48:04 GMT

Greece's parliament approves austerity measures required to unlock an 86bn euros bailout deal

An overwhelming majority of Greek parliamentarians approved a raft of painful austerity measures demanded by the country's international creditors in exchange for a third bailout package worth 86 billion euros.

Wed, 15 Jul 2015 07:09:09 GMT

BoJ keep its monetary policy settings unchanged, but cuts its growth outlook

The Bank of Japan decided to keep its current monetary settings unchanged, albeit it downgraded its economic growth outlook for fiscal 2015.

Wed, 15 Jul 2015 06:58:11 GMT

China's economy grows 7% in Q2, supported by Beijing's stimulus measures

The world's second biggest economy continued to grow at the slowest pace in six years in the second quarter, yet in line with Beijing's goal.

Wed, 15 Jul 2015 06:47:06 GMT

UK interest rate hike is getting closer, while inflation edges back to zero

Speaking to Parliament's Treasury Committee, Mark Carney, BoE Governor, hinted that UK interest rate hike is getting closer, sending the Pound surging versus the US Dollar.

Wed, 15 Jul 2015 06:29:06 GMT

US retail sales unexpectedly fall in June

Retail sale in the US unexpectedly declined in June, questioning strength of the rebound in consumer spending during the second quarter.

Wed, 15 Jul 2015 06:03:09 GMT

German investor morale deteriorates, inflation slows in June

German investor morale deteriorated in July with debt deal talks between Greece and its European partners contributing to mounting pessimism among financial market experts to a limited extent.

Tue, 14 Jul 2015 06:41:05 GMT

Japan's industrial production declines in May, calling Q2 recovery into question

Japan industrial production surprised to the downside in May, questioning the world's third biggest economy's ability to sustain a healthy growth pace in the second quarter.

Tue, 14 Jul 2015 06:30:04 GMT

Australia's business confidence jumps to 2-year high in June

Australia's business confidence jumped to the highest level since the election of Prime Minister Tony Abbott's government in September 2013 as post-budget boost to confidence appears to be mounting.

Tue, 14 Jul 2015 06:19:04 GMT

China's exports unexpectedly increase in June, while imports decline

China's overseas shipments unexpectedly rose in June, while imports declined, reinforcing the view Beijing may further loosen monetary policy to support the world's second biggest economy after a recent stock market rout.

Tue, 14 Jul 2015 06:08:03 GMT

US economy expands more than 2% in second quarter, growth estimates suggest

Estimates of growth in the US gross domestic product from the Federal Reserve Bank of Atlanta, Macroeconomic Advisers and Barclays Capital suggest the world's biggest economy rebounded in the second quarter after the winter slump.

Tue, 14 Jul 2015 05:57:05 GMT

European creditors and Athens finally reaches a deal; Greece to pass reforms by Wednesday

After more than 17-hour long summit and sleepless night in Brussels, European leaders have unanimously reached a third bailout deal for Greece on Monday.

Mon, 13 Jul 2015 06:26:03 GMT

Canada's economy losses fewer jobs than expected in June, unemployment arte steady at 6.8%

The Canadian economy lost fewer jobs last month than expected, while the nation's unemployment rate held steady. 

Mon, 13 Jul 2015 06:13:03 GMT

Australia's home loan approvals unexpectedly decline

Australia's home-loan approvals declined sharply in May from April, despite a cut to the official cash rate by the Reserve Bank of Australia.

Mon, 13 Jul 2015 06:02:04 GMT

UK trade deficit narrows to least since 2013, while construction output declines

British trade deficit narrowed to the lowest level in almost two years in May as imports declined, while exports to the Euro bloc rose.

Mon, 13 Jul 2015 05:51:03 GMT

Greece has three days to ensure its stay in Euro bloc and unlock 86bn euro bailout

European leaders have failed to break the deadlock in the Greek debt crisis, with the country's future in the Euro bloc remaining uncertain.

Mon, 13 Jul 2015 05:40:04 GMT

Key highlights of the week ended July 10

Euro zoneAthens has submitted belt-tightening proposals to try to unlock a new bailout package from its European creditors just two hours before a midnight deadline. The government of Greek Prime Minister Alexis Tsipras asked for a three-year bailout loan of 53.5 billion euros, in a last-minute effort to keep the country within the Euro zone. In return, Greece offered a

Fri, 10 Jul 2015 07:00:10 GMT

China's consumer inflation rises, while producer prices continue to fall

China's consumer inflation climbed slightly in June, whereas stubbornly weak producer prices dropped again, sparking concerns about a sluggish Chinese economy, which is also struggling due to a stock market rout.

Fri, 10 Jul 2015 06:49:04 GMT

Australia's unemployment rate stands at 6.0% in June, while employment unexpectedly rise

Australia's jobless rate rose slightly in June, while the employment change increased unexpectedly, according to the Australian Bureau of Statistics.

Fri, 10 Jul 2015 06:11:04 GMT

BoE keeps benchmark interest rate unchanged at 0.5% in line with expectations

The Bank of England held its benchmark interest rate unchanged as strong growth at home was offset by worries about clouding economic outlook abroad.

Fri, 10 Jul 2015 06:00:04 GMT

US initial jobless claims unexpectedly jumps to 297K last week

The number of people applying for unemployment benefits rose more than expected in the week ended 4 July.

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