Venezuela oil output declines on account of power crisis

Jun 21, 2016 08:54 am UTC| Commentary Economy

Venezuelas oil production has declined in May, following the spillover effectof electricity crisis. Given the consecutive decreases in recent months, steepening of decline rate remains a worrisome trend. The lack of output...

Mexico’s headline inflation likely to have accelerated in mid-June

Jun 21, 2016 08:45 am UTC| Commentary Economy

Mexicos headline inflation is likely to have accelerated in mid-June. As the Mexcian peso continues to be under pressure because of several external factors, inflation is seen accelerating throughout 2016. Inflation rate...

Australia house prices decline, likely to fall further

Jun 21, 2016 06:53 am UTC| Economy Commentary

Australias house prices declined in the March quarter, recording their first quarterly fall in three and a half years, indicating subdued growth in the real estate sector of the country. Also, further fall in housing...

BoJ April meeting minutes showcase economic worries, overseas risks

Jun 21, 2016 06:32 am UTC| Commentary Central Banks Economy

The Bank of Japans minutes of the April meeting, released Tuesday showcased that some members are worried over the Japanese economy and believe that overseas economies continue to pose downside risks to Japans economy and...

Norwegian house price growth likely to slow down

Jun 21, 2016 06:29 am UTC| Commentary Economy

In Norway, housing prices have increased 7.3 percent in the past year throughout the country. However, the Norwegian economic growth outlook has significantly weakened, while joblessness has increased and wage growth...

Australia consumer confidence surges on optimism in economic outlook

Jun 21, 2016 05:12 am UTC| Commentary Economy

Consumer confidence in Australia rose in the week ending June 19, reaching the highest level since November 2013 on growing optimism over the economic outlook of the country. Also, a reviving Australian labor market and...

China’s construction investment growth likely to continue in coming quarters

Jun 20, 2016 13:05 pm UTC| Commentary Economy

The turn in Chinas construction investment growth is likely to continue expanding in the quarters to come. This would be driven by a scarcity of residential housing in the tier one and two cities, said Danske Bank in a...