U.S. initial jobless claims witness modest decline, cement hopes of further Fed rate hike
Dec 30, 2016 03:26 am UTC| Commentary Economy
Initial jobless claims in the United States declined modestly during the latest week ended December 24, cementing hopes of a further interest rate hike by the Federal Reserve. Also, Fed Chair Janet Yellens hawkish tone at...
Turkey's foreign visitor arrivals post smallest fall in eight months in Nov
Dec 29, 2016 15:46 pm UTC| Commentary Economy
The number of foreign visitors arriving in Turkey dropped 21.35 percent to 1.35 million in November, the Tourism Ministry said on Thursday. November posted the smallest percentage fall in eight months as Turkeys tourism...
ECB's M3 money supply beats expectations, rises sharply in Nov
Dec 29, 2016 14:50 pm UTC| Commentary Economy
The European Central Bank released Eurozone money supply annual growth data for the month of November earlier on Thursday. Data showed that Eurozone money supply annual growth accelerated sharply in November, defying...
Kuroda strikes optimistic tone on Japan's recovery in 2017
Dec 29, 2016 14:32 pm UTC| Commentary Economy Central Banks
In a rare exclusive interview with the Nikkei overnight, Bank of Japan Governor Haruhiko Kuroda continued to strike a more optimistic tone stating that he sees steady Japan recovery next year. He said that brightening...

History suggests Australia could be left behind by the next industrial revolution
Dec 29, 2016 11:18 am UTC| Insights & Views Economy
This article was co-authored by Mitchell Eddy who has recently completed a Masters of International Relations at the University of Melbourne that included a placement at the think tank, Per Capita. When the industrial...
U.K. house prices rose higher than market expectations, likely to cool down in 2017
Dec 29, 2016 10:30 am UTC| Commentary Economy
Housing prices in the United Kingdom rose during the month of December, higher than what markets had initially anticipated; however, the pace of growth is expected to slow down gradually in the coming year. Annual gains...

German business confidence remains upbeat in December, upswing to continue into 2017
Dec 29, 2016 09:02 am UTC| Commentary Economy
Business confidence in Germany remained upbeat during the month of December, with small and medium scale enterprises remaining in a good mood and more positive about their situation in December. Large enterprises are...