Indian government to strengthen digital revolution, launches two more schemes to support BHIM app
Feb 01, 2017 11:14 am UTC| Economy Commentary
India Finance Minister Arun Jaitley in its 2017-18 Union Budget Wednesday announced that the to strengthen digital revolution in the country government will launch two more schemes to support BHIM app. Nearly 125 lakh...
Markets remain highly unprepared for surprising political outcome in Europe in short-term, says ANZ
Feb 01, 2017 09:08 am UTC| Commentary Economy
Markets are pricing in little political risk in Europe this year despite the broadly unexpected outcomes to the UK referendum on the European Union (EU) membership and the United States Presidential election. This may...
Indian Finance Minster targets fiscal deficit at 3 pct of GDP for 2018-19: Union Budget
Feb 01, 2017 07:27 am UTC| Economy Commentary
Indian Finance Minster Arun Jaitley in its 2017-18 Union Budget targeted fiscal deficit at 3.2 percent of GDP for 2017-18 and 3 percent for 2018-19, rising probability for higher sovereign rating. This moved come as the...
FxWirePro: The Day Ahead- 1st February 2017
Feb 01, 2017 05:44 am UTC| Commentary Economy Central Banks
Lots of economic data and events scheduled for today and some with high volatility risks associated. Data released so far: United Kingdom: BRC shop price indexdeclined1.7 percent y/y in January. Japan: Nikkei...
Thailand Finance Ministry upgrades GDP growth forecast to 3.6 pct for 2017
Feb 01, 2017 05:44 am UTC| Economy Commentary
Thailand Finance Ministry has upgraded gross domestic product (GDP) growth forecast to 3.6 percent for 2017, from the previous estimate of 3.4 percent. Fiscal spending is seen to remain highly supportive of overall growth...
Singapore credit growth rises in January, driven by business-related loans
Feb 01, 2017 05:12 am UTC| Economy Commentary
Singapore credit growth continued to pick up in January driven by business loans rather than consumer loans. It registered at 2.9 percent y/y, up from 1.1 percent in the previous month and the trough of -2.7 percent in...
Financial assistance to Greece dependent on IMF participation - German Finance Ministry
Jan 31, 2017 15:50 pm UTC| Commentary Economy
German Finance Ministry said on Tuesday that further financial assistance to Greece is dependent on the successful completion of a review of its bailout program and the participation of the International Monetary Fund...