The Japanese government is widely expected to increase income taxes that should add to the government's revenue, but is also likely to anger citizens opposed to the nation's austerity measures.
The amount of cash Swiss commercial banks held with nation's central bank rose slightly in the week to January 11, a sign that investors are getting less anxious over Eurozone's financial woes.
Confidence among the U.K. companies deteriorated even further in December, suggesting the economy may contract in the coming months after emerging from a recession in the third quarter, according to BDO LLP.
The world's largest economy is expected to expand by 2.5% this year, and post a 3.5% growth in 2014, top Fed official Charles Evans said on Monday.
The industrial output in the Eurozone shrank again in November, however, at a slower pace than in the previous month, indicating that the sector is still struggling to gain the momentum.
The new Japanese government led by Shinzo Abe has approved another stimulus package to drive an economy from a recession.
Consumer prices in Switzerland fell more than expected last month, due to the lower costs for medicine, package trips, oil, and clothing.
Manufacturing output in the U.K. contracted unexpectedly in November, while the industrial output rose less than initially was expected, indicating the economy is likely to shrink in the final quarter of 2012.
The trade deficit in the world's largest economy widened unexpectedly in November, as nation's retailers stocked up on imported goods for the holidays, while demand for foreign automobiles rebounded following a super storm Sandy.
France's current account deficit remained unchanged in November from the previous month, as the goods deficit and services surplus both fell slightly, the Bank of France reported on Friday.
Industrial output of the British economy rose below economists expectation by 0.3% in November, despite growing gas and oil extraction on the largest British North Sea field, which underline the fact the U.K. economy contracted in the Q4. Manufacturing production decreased 0.3% in the same month compared to prior expectation of 0.5% gain, following a 1.3% fall recorded in October. "It's a disappointing set of data. We
Japanese both leading and coincident indices dropped in November, adding to fear the economy will not emerge from its recession in the final quarter of 2012.
The world's biggest watchmaker, Swatch Group posted record sales in 2012, due to the strong demand from Asia and tourists, who bought timepieces from Swatch brands like Omega, Longines and Tissot in Europe.
The Bank of England decided not to extend its quantitative easing stimulus programme and left the benchmark interest rate unchanged, despite disappointing news on the U.K. economy in recent days.
New applications for the unemployment benefits in the world's biggest economy ticked up slightly during the last week, reflecting uneven improvement in the labour market.
New applications for the unemployment benefits in the world's biggest economy ticked up slightly during the last week, reflecting uneven improvement in the labour market.
New applications for the unemployment benefits in the world's biggest economy ticked up slightly during the last week, reflecting uneven improvement in the labour market.
New applications for the unemployment benefits in the world's biggest economy ticked up slightly during the last week, reflecting uneven improvement in the labour market.
New applications for the unemployment benefits in the world's biggest economy ticked up slightly during the last week, reflecting uneven improvement in the labour market.
The European Central Bank held its main interest rate at a record low of 0.75% yesterday.
The number of jobless claims in U.S. increased unexpectedly in the first week of January despite positive condition of the market in general, the Labor Department reported on Thursday. Unemployment insurance claims grew to a seasonally adjusted 371,000 from the previous week's 367,000, but the increase was caused mainly by reading distortion of winter holidays for the second week."Claims are
The European Central Bank remained its key interest rate unchanged at a record low on Thursday, when refrained its initial decision to cut the rate, as the Eurozone economy is showing signs of recovery and as inflation is still above the ECB's target. Mario Draghi's decision had an impact on the 17-nation currency, when it appreciated to $1.3115 on Thursday
Policy makers of the U.K. central bank kept the official interest rate at its lowest level as the monetary easing program showed success accelerating the demand in the Q4. The Monetary Policy Committee led by Governor Mervyn King decided to remain the key interest rate at 0.5% with the possibility of another easing program. The ECB is keeping the benchmark
The Bank of Japan will consider easing its monetary policy again in January, to boost growth in the struggling economy.