Labor seizes on Treasury and Finance secretaries' warning about revenue

May 20, 2016 10:02 am UTC| Insights & Views Economy

The secretaries of Treasury and Finance have warned it is crucial for Australia to retain its AAA credit rating, and said surpluses wont be possible without tax rises unless there is a considerable effort to reduce...

Corporate defaults reach 72, highest YTD since 2009

May 20, 2016 09:14 am UTC| Commentary Economy

According to latest data from Standard Poor rating agency, global corporate defaults have reached 70, so far this year, fastest pace of rise since 2009, aftermath of great recession. Data is of May 18th, 2016. After 2009,...

US labor market remains strong, but Verizon worker strike to impact May nonfarm payroll growth

May 20, 2016 05:03 am UTC| Commentary Economy

The total number of people in the US looking for benefits of unemployment declined to a seasonally adjusted 278,000 in the week ended 14 May, on par with consensus projections of 275,000. The reading matches with the...

Emerging Market Crisis Series

What Rousseff's impeachment means for Brazil's struggling millions

May 19, 2016 06:56 am UTC| Insights & Views Politics Economy

In Brazil, right-wing parties and politicians are following constitutional procedures to oust the countrys democratically elected president, Dilma Rousseff. They claim that she made improper use of budgetary procedures to...

US Election Series

Trump and Clinton want to bring back millions of outsourced jobs – here's why they can't

May 19, 2016 06:12 am UTC| Insights & Views Economy

One of the big themes in the current presidential race is how decades of free trade have dealt a heavy blow to the American worker as millions of jobs were shipped overseas to take advantage of cheap labor. Thats even...

Emerging Market Crisis Series

Moody's: Global growth to remain muted as emerging markets weigh on US, advanced economies

May 19, 2016 01:45 am UTC| Research & Analysis Economy

Weak growth in emerging markets, driven by low commodity prices and weak export demand, will continue to act as a drag on the global economy this year, says Moodys Investors Service. Moodys has lowered its 2016 growth...

FxWirePro: Japanese Yen gains in early Asia on robust core machinery orders in March

May 19, 2016 01:33 am UTC| Technicals Economy

USD/JPY is currently trading around 110.12 marks. It made intraday high at 110.23 and low at 110.06 levels. Today Japan released core machinery orders data with positive numbers to 5.5% m/m vs -9.2% m/m previous...