Another signs that the Swiss economy remains highly vulnerable to the on-going financial and sovereign debt crisis in the neighbouring Eurozone have emerged during the last week, as the Swiss National Bank decided to retain the currency ceiling at 1.20 per Euro, highlighting risks to the economy from external developments.
The expansion of New Zealand's economy decelerated more than forecast during the last quarter, due to the nation's worst drought in 30 years that curbed farm output, the Statistics New Zealand said in a report.
During its monthly policy meeting the Swiss National Bank decided to retain the currency ceiling at 1.2 per Euro, saying risks to the economy from external developments, especially neighbouring Eurozone, remains high.
Britain's retail sales bounced back more than initially was expected in May, as consumers spent more online and on food, adding to evidence of acceleration in economic growth in the second quarter of 2013 and providing some relief for the central bank.
More Americans than expected filed applications for jobless benefits during the last week, as manufacturing activity growth slowed slightly this month. Initial jobless claims climbed by 18,000 reaching a total of 354,000 in the week ended June 15, up from a revised 336,000 in the prior week and well above analysts' projections for a 340,000 reading.
Private sector activity in the 17-nation economy contracted once again in June, although at a slower pace, suggesting the economy may emerge from its longest ever recession and finally start gaining momentum soon.
Wholesale sales in Canada rose for the fourth consecutive month in April, posting the longest streak of gains in a year, boosted by computer and communication supplies.
Confidence among Swiss investors stagnated this month, raising concerns the economy may struggle to gain the momentum due to the recession in the neighbouring Eurozone, the ZEW Center for European Economic Research said Wednesday.
During his last monetary policy meeting Bank of England's Governor Sir Mervyn King lost his final vote since the majority of policy makers blocked his bid for another expansion of the stimulus programme, as the economic recovery is taking hold.
The Federal Reserve decided to keep the pace of the asset purchase scheme at $85 billion a month, but is ready to begin winding down its unprecedented easing programme later this year.
The closely-watched EU and the U.S. trade deal is one of the most lucrative bilateral trade deal in the whole history and is likely to be very beneficial for both sides.
New Zealand's current account deficit shrank in the January-March period matching economists expectations as volumes and prices of dairy exports surged and the tourism sector performed well.
Japan's merchandise trade deficit widened by as much as 10% in May to 993.9 billion yen, marking the 11th consecutive month of deficit as energy import costs continue to be high following shutdown of nuclear plants.
Britain's consumer prices accelerated more than initially predicted in May, boosted by a record jump in air fares, the Office for National Statistics said Tuesday.
Housing starts in the world's largest economy rose less than expected last month, reflecting labour and material constraints, however the overall trend remains consistent and the housing market is expected to gain momentum.
Investors' mood in Europe's largest economy rose significantly this month, as the economy is gathering pace.
New Zealand consumer confidence rose to the highest level in three years in June, driven by improving economic prospects, increasing housing values, low interest rates and falling prices.
On a seasonally adjusted monthly basis Japan's tertiary industry activity index unexpectedly remained flat in April compared to a revised 0.2% drop a month earlier, according to the Ministry of Economy, Trade and Industry.
The Empire State Manufacturing Survey shows that conditions for New York manufacturers improved moderately in June, reaching a three-month high.
The Euro bloc's trade surplus unexpectedly narrowed in April amid decline in exports for the first time in four months, according to the latest data from the European statistics bureau Eurostat.
House sellers' average asking prices have exceeded 250,000 pounds for the first time.
Canada factory sales decelerated at the fastest pace in more than three years in April, due to lower sales in the petroleum and coal product, the Statistics Canada said Friday.
Japan's Prime Minister Shinzo Abe approved a set of measures on Friday to stimulate economic growth in the world's third largest economy that so far have failed to impress markets and added more pressure on policy makers to introduce more steps after July's upper house elections.
A revival in house building helped to offset a drop in construction output, suggesting measures introduced by the government are boosting investors' confidence and willingness to borrow money to build a new homes.