U.K. mortgage approvals rebound from 19-month low, consumer lending touches decade-high

Oct 26, 2016 10:23 am UTC| Commentary Economy

Mortgage approvals in the United Kingdom rebounded from a 19-month low during the period of September; also consumer lending grew at the fastest pace in almost a decade. U.K.s number of mortgage for home purchases rose...

Piketty challenges us to consider if we need to rein in wealth inequality

Oct 26, 2016 09:49 am UTC| Insights & Views Economy

French economist Thomas Piketty, currently in Australia, is known for his focus in on the inequality of wealth. His book on the topic has sold two and a half million copies worldwide, which is quite amazing for a book full...

Worrisome Signs Series

Will Germany flout Europe's bail-in rules if Deutsche Bank needs rescuing?

Oct 26, 2016 09:30 am UTC| Insights & Views Business Economy

Will Deutsche Bank need rescuing? Its a question that is being asked as a big beast of global banking gears up to announce its third quarter results on October 27. With losses expected to be north of 600m (534m), the...

Mexico retail trade rises for fourth straight month in August, surprises markets

Oct 26, 2016 09:20 am UTC| Commentary Economy

Retail sales in Mexico rose for the fourth straight month during the period of August, surprising markets that had expected for a flat reading during the month. This indicates that consumption remains an important pillar...

French consumer confidence in line with market expectations in October

Oct 26, 2016 08:58 am UTC| Commentary Economy

Consumer confidence in France came in line with market expectations during the month of October, following improvement in the outlook of households personal financial situation in the next twelve months. However, their...

Recent developments in Chinese PPI do not signal fundamental economic improvement, says Commerzbank

Oct 26, 2016 08:41 am UTC| Commentary Economy

The recent developments in Chinese producer prices do not point toward any fundamental improvement in the economy. The recent pick-up in Chinas PPI inflation dynamics is something worth noting. For the first time since...

Mexico’s August retail trade surprises on upside, Banxico may hike rates again in December

Oct 26, 2016 07:12 am UTC| Commentary Economy

Mexico published its August retail trade data yesterday. It came as a surprise on the upside. It rose 0.6 percent on a sequential basis in August. According to analysts, retail trade was expected to stagnate. This...