Real Federal purchases seen to rebound, discretionary outlay growth restricted

May 12, 2016 11:46 am UTC| Economy

Federal purchases are expected to witness a rebound amid restrictions in the discretionary outlay growth. Discretionary outlays have seen a boost as a result of last years budget deal, but this increase remains modest...

Poland markets to move Friday on expected rating downgrade by Moody’s

May 12, 2016 10:46 am UTC| Economy

Polish markets may move Friday on expectation that Moodys, a rating agency will downgrade the economy on worries about fiscal expansion and institutional changes. Polish zloty is expected to witness the most movement on...

Philippine Central Bank keeps policy steady, in line with expectations

May 12, 2016 10:15 am UTC| Economy Central Banks

The Philippine central bank, Bangko Sentral ng Pilipinas (BSP) held policy rates steady, largely in line with expectations. The apex bank maintained the reverse repo rate and special deposit account at 4 pct and 2.50 pct...

Global growth outlook concerns over negative early European trade

May 12, 2016 09:54 am UTC| Economy

Global markets remained cautious on Thursday as major European equity markets remained in red and government bonds maintained a sluggish tone. The majority of emerging stock markets lost ground in early European trade,...

Japan economic indicators disappoint, situation unlikely to improve

May 12, 2016 08:46 am UTC| Economy

A survey by a local Japanese organization showed that key economic indicators suffered in the first two quarters of the year, with the headline indicator down 1.9 points to a 17-month low of 43.5, two points behind that of...

US retail sales seen strong on boost in monthly auto sales, pump prices

May 12, 2016 07:22 am UTC| Economy

The United States April retail sales is expected to surge by around 8 pct m/m on an anticipated rise in monthly auto sales and pump prices, rising by around 7 pct on an average. However, retail sales growth has been a...

India-Mauritius Treaty to have significant impact on Indian economy

May 12, 2016 07:06 am UTC| Economy

The Indian equity markets fluctuated on Wednesday following the India-Mauritius Treaty which laid phased-out removal of capital gains tax exemption, making investors jittery. However, the impact did not last long, as the...