Yuan’s inclusion in SDR likely to lead to capital flows of $31 billion for direct allocation
Sep 09, 2016 08:34 am UTC| Commentary Insights & Views Economy
The International Monetary Funds new Special Drawing Rights basket which includes the yuan will take effect on October 1. The weights of the basket currencies will be in the manner of 41.73 percent for the US dollar, 30.93...
Economic growth in Chile seems to be on a weak track, although consumer demand seen to improve
Sep 09, 2016 08:21 am UTC| Commentary Economy
Economic weakness in Chile persisted during the month of July; however, consumer demand is improving or at least not weakening further. The IMACEC economic activity index increased 0.5 percent in July compared to a year...
China forex reserves hit 4-year low in August as PBoC indulges to defend USD/CNY at 6.70 mark
Sep 09, 2016 07:39 am UTC| Commentary Economy
Chinas foreign exchange reserves dropped to the lowest level since 2012, suggesting that the Peoples Bank of China (PBoC) was intervening to defend USD-CNY at the 6.70 mark. Chinas foreign reserves dropped by USD 15.9...
Sep 09, 2016 07:36 am UTC| Commentary Economy
Retail spending on electronic cards in New Zealand dropped in August after rising in July. It declined 0.4 percent in sequential terms in the month, as compared with a 0.2 percent month-on-month rise in July. This was...
US Presidential Election Series: Donald Trump is a hawk and that matters
Sep 09, 2016 06:59 am UTC| Commentary Economy
Republican Presidential nominee Donald Trumps statements and speeches have caused up veal in many international and national organizations, not because they are good or bad; in many a casethey are politically...
Malaysia industrial production rises in July, misses expectations
Sep 09, 2016 06:32 am UTC| Commentary Economy
Industrial production in Malaysia rose during the month of July, missing market expectations, helped by strength in the mining, manufacturing and electricity sectors. Industrial production rose 4.1 percent...
Eurozone likely to witness steady recovery this year, inflation to sharply pick up
Sep 09, 2016 05:56 am UTC| Commentary Economy
The eurozone economy is expected to witness a steady recovery this year but with downside risks on an unfavorable external environment, including post-Brexit uncertainty. Expectations of a sharper pick-up in 2017-18...