Taiwan consumer prices tick higher in June owing to sharp jump in fruit prices
Jul 05, 2016 10:33 am UTC| Commentary Economy
Consumer price inflation in Taiwan rose in Juneowing to asharp rise in fruit prices, which soared due to two consecutive dramatic typhoons last year and a cold wave early this year. Natural calamities shook the...
US June non-farm payrolls likely to rise, jobs growth expected to remain modest
Jul 05, 2016 10:22 am UTC| Commentary Economy
The United States June non-farm payroll is expected to rise, with growth in jobs remaining on a modest scale. Non-farm payrolls is expected to have increased 150,000 in June, which is a little lower than consensus at...
Swedish industrial production falls in May marking downturn in manufacturing sector
Jul 05, 2016 09:19 am UTC| Commentary Economy
Swedens industrial production dropped in May, implying a sluggish development in the nations manufacturing sector. According to Statistics Sweden, industrial production fell 0.8 percent month-on-month in May, as compared...
Spain’s service sector grows fastest in 7 months on renewed employment
Jul 05, 2016 09:12 am UTC| Commentary Economy
In the month of June, Spains service sector grew at the fastest pace in seven months as firms witnessed renewed hiring, which fuelled hopes that the economy will survive the political deadlock of two inconclusive...
Jul 05, 2016 08:45 am UTC| Commentary Economy
The Danish central bank, Danmarks Nationalbank (DN) published the data of its balance sheet and Junes FX reserve. The DN continued to sell Danish kroner in the FX market in order to keep the DKK from strengthening too much...
Despite recovery in oil price Moody’s warns on Saudi banks
Jul 05, 2016 08:01 am UTC| Commentary Central Banks Economy
The oil price has recovered more than 90 percent from their bottom in February but one of the top three rating agencies Moodys has warned of the liquidity pressure in Saudi Arabias banks. The squeeze is likely to take its...
Singapore’s manufacturing PMI slips in June, denting hopes of economic revival
Jul 05, 2016 07:40 am UTC| Commentary Economy
Manufacturing sector in Singapore weakened in June, denting hopes of revival in the economy amid an environment of global tension, financial turmoil and weaklings in overseas exports. New orders, new export orders,...