Chinese fiscal spending rises faster as downward pressure on the economy still persists

Jun 21, 2016 11:39 am UTC| Economy Commentary

In the aftermath of all the recent dataflow, we still see more targeted stimulus ahead. It is worth bearing in mind that fiscal spending picked up in May and this is going to continue as will the focus on infrastructure...

German investor sentiment rises on hopes of economic resilience; beats market consensus

Jun 21, 2016 11:21 am UTC| Commentary Economy

Germanys investor sentiments in June rose on hopes of economic resilience in the Eurozones largest economy, according to a survey by a private think tank, despite a weak global condition in thewake of Brexit referendum,...

CICC cuts China’s 2016 growth outlook on weak recovery in global growth

Jun 21, 2016 11:13 am UTC| Commentary Economy

China International Capital Corp (CICC), one of Chinas leading investment banking firms, cut its projection for the countrys 2016 economic growth to 6.7 percent from its earlier forecast of 6.9 percent. According CICC,...

European banks suffer setback in Q1 2016, still posit no disaster

Jun 21, 2016 11:02 am UTC| Economy Commentary

European banks suffered a setback during the first quarter of this year, as capital revenues continued to be hit by concerns about global economic growth and banks own business models. However, cost cutting amid decline in...

Currency War Series

RBA minutes provide few hints regarding future policy direction

Jun 21, 2016 10:06 am UTC| Insights & Views Central Banks Commentary Economy

The Reserve Bank of Australia on Tuesday released minutes of the June board meetingwhen it held the cash rate at 1.75 percent. The minutes showed the RBA remains relatively upbeat about growth and employment at the same...

China Crisis Series

China likely to recover moderately on upbeat housing, exports

Jun 21, 2016 09:59 am UTC| Commentary Economy Real Estate

The Chinese economy is expected to continue its trend of moderate recovery over the coming quarters as a strong housing market coupled with a gradual growth in exports, is likely to help bolster the ailing economy. This...

Thailand auto sales witness highest growth in three years

Jun 21, 2016 09:23 am UTC| Economy Commentary

Thailands auto sales for the month of May surged to its highest level in three years, encouraged by government measures to boost spending and state investment in infrastructure projects, providing an encouraging sign for...