Key takeaways from UK autumn statement

Nov 24, 2016 12:16 pm UTC| Commentary Economy

United Kingdoms chancellor of exchequer Phillip Hammond delivered the much-awaited autumn budget statement yesterday. In case you have missed it, here are the key takeaways from the statement, UKs economic growth is...

Political uncertainty amid risks of rating downgrade continues to pressurize ZAR

Nov 24, 2016 11:52 am UTC| Commentary Economy Central Banks

The South African rand is witnessing continuous pressure, following ongoing political uncertainty in the country, coupled with risks of a rating downgrade. Further, the central bank is expected to leave its key rate...

U.K. mortgage approvals rise highest in 5 months, consumer credit at decade-high

Nov 24, 2016 11:05 am UTC| Commentary Economy

Mortgage approvals in the United Kingdom rose to its highest levels in near five months, while the countrys consumer credit hit a decade high during the period of October. The number of mortgages approved for house...

Oil in Global Economy Series

Oil in Global Economy Series: Successful OPEC deal might mean smaller policy accommodation space for central bankers

Nov 24, 2016 10:48 am UTC| Commentary Economy

A successful deal by the members of the OPEC countries, which could see production cut by the majority of the members totaling more than a million barrels per day, unlikely to bear well for the central bankers in advanced...

Spain’s Q3 growth meets market expectations, Bank of Spain expects steady growth

Nov 24, 2016 09:52 am UTC| Commentary Economy

The economic growth of Spain during the third quarter of this year remained cool, rising at the same pace as in the previous quarter, both on an annualized as well as quarterly basis, holding well in line with what markets...

Pace of German economic growth remains unchanged, weaker exports take the lead

Nov 24, 2016 09:22 am UTC| Commentary Economy

The pace of economic growth in Germany remained unchanged during the third quarter of this year, both on a quarterly as well as annualized basis, followed by a drop in outbound shipments amid weakness in the countrys...

Thailand current account surplus likely to reach 10 pct of GDP this year, says DBS

Nov 24, 2016 07:26 am UTC| Commentary Economy

Current account surplus in Thailand is expected to reach 10 percent of the countrys gross domestic product, beating last years record of 8 percent. The huge build-up in C/A surplus has been driven by weak import demand and...