European Migrant Crisis: Austria deploys troops at borders to deter migrant flows from Italy
Jul 05, 2017 08:40 am UTC| Commentary
Europe has started to feel the heat of the migrant crisis once again as the flow of migrants arriving on the shores of Italy got significantly increased. So far this year, almost 100,000 migrants have arrived in Europe...
GST likely to boost India's long-term growth prospects, says Fitch Ratings
Jul 05, 2017 08:15 am UTC| Commentary Economy
Indias new Goods and Services Tax (GST) will unify the indirect tax system and remove domestic barriers to trade, which should support productivity gains and GDP growth over the long term, Fitch Ratings reported. The...
Global Geo-political Series: North Korea calls tested ICBM a gift to United States
Jul 05, 2017 07:58 am UTC| Commentary
On Tuesday, North Korea successfully test fired an unknown ballistic missile, which it claimed as its first intercontinental ballistic missile (ICBM) that traveled almost 940 km before plunging into the Sea of Japan. The...
Oil in Global Economy Series: OPEC’s oil exports decline in June
Jul 05, 2017 06:47 am UTC| Commentary
Despite increasing production in Libya and Nigeria, which saw Mays production within OPEC rise by 336,000 barrels per day, the cartels exports in June declined compared to the month of May and was below the October 2016...
JGBs continue to face pressure ahead of 30-year auction
Jul 05, 2017 06:44 am UTC| Commentary Economy
The Japanese government bonds disappointed Wednesday as investors remained cautious ahead of the 30-year auction, scheduled to be held on July 6. Also, the surge in the countrys services PMI, with growth in the sector...
Global Geo-political Series: Mark your calendars on July 7th for Trump-Putin meeting
Jul 05, 2017 06:22 am UTC| Commentary
Kremlin has confirmed that the Russian President Vladimir Putin and US President Donald Trump will hold a meeting on Friday, July 7th, on the first day of the G20 meeting, on the sidelines of that meeting. This is the...
New Zealand bonds rally at close as investors defy improvement in GDT price index
Jul 05, 2017 06:21 am UTC| Commentary Economy
The New Zealand bonds rallied at the time of closing Wednesday after investors largely shrugged off the improvement in the countrys GlobaldairyTrade (GDT) price auction, held overnight. At the time of closing, the yield...