U.S. manufacturing sector improves in February

Source: RTT News
Manufacturing activity in the world's largest economy increased in February expanding at a faster pace than economists originally projected, the latest data revealed by the Institute for Supply Management showed on Monday. The report also unveiled that the U.S. PMI jumped from January's 51.3 to a level of 53.2 recorded in the following month.

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Mon, 03 Mar 2014 17:56:38 GMT

U.S. construction spending rises slower in January

Construction spending in the world's largest economy surprisingly eased at the beginning of 2014, however it stayed in positive territory suggesting that the sector is growing, a report released by the Commerce Department showed on Monday. The U.S. construction spending advanced 0.1% rising from December's level of $941.9 billion to a level of $943.1 billion recorded in January.

Mon, 03 Mar 2014 17:56:16 GMT

Bank of Russia raises rates by 150 basis points

The central bank of Russian increased its benchmark interest rates unexpectedly on Monday amid raising concerns over possible war conflict in neighboring Ukraine pushing the country's currency Ruble towards the historical low versus the U.S. Dollar. The Bank of Russia raised the rate by 150 basis points from 5.50% to 7.00%.

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