Banks likely to relocate jobs away from London if 'Brexit' succeeds, says EU’s Hill

Jun 22, 2016 10:29 am UTC| Economy Commentary

Corporate banks are likely to be forced to relocate jobs away from London, if Thursdays European Union referendum ends in favor of Brexit, said Jonathan Hill, the EUs financial services commissioner on Wednesday. Banks...

Sweden’s seasonally adjusted jobless rate rises in May

Jun 22, 2016 10:13 am UTC| Commentary Economy

In May, Swedens seasonally adjusted jobless rate came in at 7.2 percent, more than consensus expectations of 6.9 percent and Aprils print of 6.7 percent. The rise in unemployment rate is mostly a statistical noise and is...

HK consumer price inflation slows in May on lower food and housing prices

Jun 22, 2016 09:38 am UTC| Commentary Economy

On Tuesday, HKs Census Statistics Department released theconsumer price index data. According to the report, HKs overall consumer prices were up 2.6 percent year-on-year in May 2016, consistent with market consensus. Mays...

Mexican economic activity likely to have expanded in April

Jun 22, 2016 09:37 am UTC| Commentary Economy

Mexican economy is expected to have grown to trend in April, following slowdown in March. In April, Mexicos industrial production rose to 1.9 percent from Marchs -1.9 percent as all the segments recorded improved numbers....

Bank of Thailand stays pat on uncertainty over Brexit referendum

Jun 22, 2016 09:14 am UTC| Central Banks Commentary Economy

The Bank of Thailand in its monetary policy meeting held today, maintained status quo, on rising uncertainty over Thursdays Brexit referendum. Further, global financial markets remain choppy ahead of Britains election to...

SARB remains in dilemma between high inflation levels and weak real economy

Jun 22, 2016 08:20 am UTC| Commentary Economy

The South African Reserve Bank (SARB) temporarily halted its rate hiking cycle in mid-May. However, it stated that it is in dilemma between high levels of inflation and a sluggish real economy. The economic scenario has...

Uncertainty dents Australian economy, likely to trigger a rate cut

Jun 22, 2016 06:48 am UTC| Commentary Economy

The Australian economy is most susceptible to be affected by economic uncertainty that prevails in the lead-up to federal elections, according to the economic uncertainty index for Australia, developed by ANZ Research. The...