Canada's business sector still soft
Dec 01, 2015 00:38 am UTC| Commentary Economy
After a solid rebound in 2Q, Canadian corporations operating profits fell 5.4% in 3Q and are down 10.4%oya. Although the oil and gas extraction industry did contribute an outsized share of the overall 3Q decline, weakness...
US real GDP growth for 3Q15 revised up to 2.1% on much stronger inventories
Dec 01, 2015 00:27 am UTC| Commentary Economy
The governments estimate of 3Q15 real GDP growth was revised up to 2.1% saar (from 1.5%). But, as expected, an upward revision to inventory accumulation to $90 billion saar (from $57 billion) accounted for the entire GDP...
Indian economy expands 7.4% in third quarter
Nov 30, 2015 13:50 pm UTC| Commentary Economy
Its official. Indian economy is growing at faster pace than China. Indian economy grew at faster pace of 7.4% in third quarter of 2015, broadly defying emerging market slowdown. In second quarter economy grew by...
Norway’s labor market shows improvement
Nov 30, 2015 13:03 pm UTC| Commentary Economy
Registered unemployment in Norway in October recorded a sharp increase and stood close to 2,000 persons. Analysts argued that the surge is temporary and it may improve. The reading inched up by only 700 persons in...
Surge in loans to businesses drives Australian Private Sector Credit growth
Nov 30, 2015 05:29 am UTC| Commentary Economy
Australias October Private Sector Credit came in at 0.7% on month on month basis, same as per the expectations by market consensus and modestly less than that of previous months 0.8% mom. The overall private sector...
Fitch: India Discom Reform Success is Key to Power Sector Woes
Nov 30, 2015 04:29 am UTC| Economy
Fitch Ratings says in a new report thatsuccessfully addressing the weak financial positions of state distributioncompanies (discoms) is key to improving the health of Indias power sector. Theweak fiscal position of these...
A technical recession unavoidable for Taiwan
Nov 30, 2015 01:53 am UTC| Commentary Economy
Based on the revised GDP data out last Friday, the economy didnt escape from a technical recession. Growth stayed in the negative territory for two straight quarters, registering -4.5% (QoQ saar) in 2Q and -1.2% in 3Q....
Canada retail sales rises in September