S&P likely to upgrade Indonesia’s sovereign credit rating

May 12, 2016 06:27 am UTC| Economy

The Indonesian markets are keen on a likely ratings upgrade by Standard and Poors after talks held with President Widodo earlier this week. A credit rating upgrade by the rating agency, would not surprise markets but be a...

'Jobs and growth' and deja vu: reprising a failed American experiment

May 12, 2016 04:14 am UTC| Insights & Views Economy

During his budget speech Treasurer Scott Morrison said the phrase jobs and growth 13 times. It seems he is not a superstitious man. But Triskaidekaphobes were not the only ones left with a queer feeling after his speech....

Can Puerto Rico escape its $72 billion debt trap and avoid Greece's fate?

May 12, 2016 02:34 am UTC| Insights & Views Economy

To almost no ones surprise, Puerto Rico missed a US$422 million debt payment earlier this month, triggering fears among investors that additional defaults are on the way and increasing pressure on Congress to act. The...

Thailand export growth remains sluggish, domestic demand subdued

May 11, 2016 10:39 am UTC| Economy

The Thailand economy is fighting its way out of poor growth and crippling economic structure. Barring fiscal spending and support from the tourism industry, there remains absolutely nothing that can provide a silver lining...

UK’s industrial activity disappoints expectations, manufacturing posts a modest rise

May 11, 2016 09:44 am UTC| Economy

UK industrial production for the month of March remained below expectations at 0.3 pct, against 0.5 pct expected, though an improvement from Februarys figure of a decline of 0.2 pct. However, manufacturing output rose by...

Korean government to adopt re-structuring, extend support to financially weak companies

May 11, 2016 05:47 am UTC| Economy

The government of Korea has sought an attempt to adopt re-structuring method to eliminate sick companies and extend support to those that are facing temporary financial crunch. This will help bolster the productive...

Denmark April inflation remains below expectations, dampens outlook

May 10, 2016 12:11 pm UTC| Economy

Danish April inflation surprised markets, remaining flat at 0.0 pct, same as in March but well below expectations of a pick up to 0.2 pct. Expectations of food prices to decline around Easter and then soar post that amid...