Fed remains its stimulus totaling $85 billion a month

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Source: RTT News
© Scanpix/RS
The Federal Reserve maintains its aggressive stimulus program totaling $85 billion per month of assets purchased mainly due to a recent partial government shutdown raising concerns about health of the world's largest economy. The Fed's decision to remain its bond-purchasing program matched economists' predictions after disappointing payrolls and inflation data.

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Thu, 31 Oct 2013 12:08:04 GMT

Japan's housing starts growth advances notably in September

Housing starts in the world's third largest economy increased more than economists originally expected in the month September, at the same time, construction orders gained notably, the Ministry of Land, Infrastructure, Transport and Tourism reported on Thursday. Year-on-year, housing starts in Japan more than doubled from 8.8% in August to 19.4% in September.

Thu, 31 Oct 2013 11:46:04 GMT

Japan's cash earnings record modest increase this year

Total cash earnings of wage earners' in Japan slightly advanced on an annual basis in September signing that the progress of achieving large increases has been slow to end a 15-year deflation in the country, a report published by the Bank of Japan revealed on Thursday. According to the report, summer time bonus payments in 2013 added 0.3% year-on-year after

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