Industrial output in the Asia's second largest economy declined on a sequential basis in November missing a forecast showing an increase for the month, a report published by the Ministry of Economy, Trade and Industry revealed on Monday. Japan's industrial production slipped 0.1% in November after rising 1% in the prior month, while it was projected to gain 0.1%.
China's industrial production, retail sales and investments increased in December, however the pace of growth was lower than economists initially expected, the country's statistical office reported on Monday. According to the report, industrial output added 9.7% compared to 9.8% projected for the month, retail sales surged 13.6% versus 13.7% expected growth and investments gained 19.6%, while it was forecast to
Economic growth in the world's second largest economy slowed down in the last quarter of 2013 as industrial output, retail sales and investments recorded declines suggesting that the economy lost its momentum, a report published by the National Bureau of Statistics showed on Monday. China's gross domestic product added 7.7% in the whole 2013, the least since 1999, while it
Asking home prices in the United Kingdom increased notably in the December-January period adding to speculation about a possible risk of a bubble, a report published by the property website Rightmove showed on Monday. According to the report, the country's annual price growth recorded 6.3%, the highest level since November 2007, while it advanced 1% between December 9 – January
Business confidence in financial services sector of the United Kingdom improved on signs that the economy is recovering as companies in the sector reported higher profits and business volume in the last quarter of 2013, the CBI/PwC survey revealed on Monday. According to the survey, 69% of companies feel more optimistic about the business climate versus 1% feeling less optimistic.
The U.S. Dollar increased on Monday rising against the 18-nation bloc currency towards the highest level in two months and continued its rally started last week after favourable economic data suggesting that the Federal Reserve may cut its stimulus further. The so-called Greenback gained to $1.3530 and it last traded at $1.3508, the least since November
The majority of Asian shares dropped on Monday trading session after a government report showed that the performance of the world's second largest economy in the last quarter of 2013 was lower than initial forecast suggesting that the economy lost its momentum. The MSCI Asia-Pacific gauge outside Japan fell 0.4%, while the Shanghai benchmark index lost 0.8%.
美国国会将月2月上旬成立由知日派众议员等组成的跨党派议员联盟（(Japan Caucus) ），就促进日美就跨太平洋经济合作协定(TPP)谈判，在日美磋商等对日本悬而未决的问题上向美国政府施加影响。
Royal Dutch Shell Plc profit declined sharply amid rising losses in America and deteriorating refining markets. The October-December net profit reached $2.9 billion versus $4.5 billion a quarter ago, while analysts predicted the net earnings to rise to $4.9 billion. Today, Royal Dutch Shell Plc. stocks are declining 1.93% to 27.22 euro by 11:00 GMT in Amsterdam.
Retail sales in the United Kingdom unexpectedly climbed almost nine times higher than economists expected, surging 2.6% in December of 2013 on a monthly basis versus a 0.3% forecast. Statisticians point out that it was the strongest December, speaking about Christmas sales, since 1996. The gains were led by department stores, which recorded the largest 8.7% increase in sales.
Intel Corp. expects its January-March quarter revenue to differ in a negative way in comparison with some analysts' more positive predictions, as PC sales in Asia plummet. Intel as microchips' producer depends on PC sales very much. On average, revenue is forecasted to reach $12.8 billion. Today, Intel Corp. equities' futures are crashing 4.48% to $25.25 per share in New
UBS AG, the largest bank in Switzerland, announced a 10% increase in bonuses for its bankers in Asian branch, as year 2013 revenues surged on high-yield bonds' and stocks' sales. On average, company's bankers receive $2.5 million in salary plus bonus, while almost 60% of the bonus they get in stock options. Today, UBS AG shares are rising 0.37% to
German shares increased on Friday session with the local benchmark index DAX heading towards the largest weekly increase in four weeks before a government report showed that housing starts in the U.S. fell and industrial production rose. The DAX Index advanced 0.2% to 9,735.84 as of 10:06 a.m. Frankfurt time and it has added 2.8% this week.
Import and producer prices in Switzerland decreased in line with economists' projections in December, the latest report revealed by the Federal Statistical Office revealed on Friday. According to the report, the country's import and producer price index slipped 0.4% on an annual basis in December, while on a sequential basis the index remained flat.
The Treasury of the United Kingdom would like to see a minimum wage increase, which would be higher than inflation level in the country, as the current opposite situation decreases the standard of living in the country. Since 2007 wages, on average, added 14% comparing with a 22% advance in prices. By such actions, the U.K. Conservative government plans to
The British Pound weakened on Friday trading session falling for the third straight day against the U.S. Dollar before a government report showed that retail sales in the United Kingdom advanced at a slower rate in December signaling that the country's recovery is easing. The Pound fell 0.2% to $1.6315 as of 9:04 a.m. in London.
Gold slightly declined on Friday session and was set to end its series of weekly gains amid speculation that the Federal Reserve may continue to taper off as economic data signaled that the economy is improving. Bullion for delivery in January shed from yesterday's level of $1,242.39 an ounce and was last seen at $1,242.23 as of 9:28 a.m. Singapore
The economic growth in China in 2014 will probably be even slower than in the previous year, as foreign investment in country's manufacturing sector declines. Moreover, the overcapacity in this sector of China's economy puts additional negative pressure on the growth. As it is expected, economy added 7.6% in Q4 of 2013, while the median forecast for this year is
The Standard & Poor's rating agency decided to remove the Portuguese sovereign credit rating from the status of being revised in the nearest future, meaning that the risk of rating's change is falling. It is worth pointing out that the country plans to exit the EU bailout program. Therefore, the long-term BB rating will be most likely kept for a
Germany's government bunds advanced on Friday session heading for the third weekly increase after the rating agency Standard & Poor's removed debt rating of Portugal from creditwatch affirming the BB rating, while Netherland's top grade was retained at AAA. The benchmark 10-year yields dropped one basis point to 1.77% by 7:23 a.m. in London.
Emerging-market shares rose on Friday with the benchmark region's index heading for a weekly gain mainly due to an increase of technology companies as Neway Valve added 43% on its debut on China's stock exchange. The MSCI Emerging Markets Index gained 0.1% to 975.60 by 2:08 p.m. Honk Kong time extending the weekly advance to 0.6%.
The European benchmark crude Brent slipped on Friday trading session after a report released by the Organization of Petroleum Exporting Countries showed that the area's production declined by 20,000 barrels per day in December. Brent for settlement in March fell one cent to a level of $105.74 a barrel on the London's ICE Futures Europe exchange.
The U.S. Dollar increased on Friday rising against the 18-nation bloc currency and was set to record the largest weekly gain versus its major peers in a two-month period before the Richmond's Federal Reserve President testifies today. The Greenback last traded at $1.3619 a Euro and it advanced this week by 0.4%, while it traded at 104.34 yen.
The majority of European shares increased on Friday with the local benchmark index heading towards its second weekly gain before a reports from the U.S. showed that the world's largest economy is improving. The Stoxx Europe 600 Index gained 0.2% to 334.76 as of 8:11 a.m. London time with three stocks rising for every one falling.