Economic NewsEconomic News
Trade Deficit Widens in the U.S., while Import Prices Increase amid Rising Energy prices
Trade figures from the United States and Canada were released today, where it seems that rising energy prices hurt the U.S. economy, while the rising value of the Canadian dollar hurt exports,...
Trade Balance from U.S. and Canada, while BOC is Expected to Leave Rates Unchanged
Eyes today will be focused on the Bank of Canada, where the BOC will announce its decision on benchmark interest rates and expectations signal that the BOC will keep rates unchanged, meanwhile, the...
UK inflation slows while retail sales drop the most on record
The British economy witnessed a breakthrough in the month of March as inflation dropped severely by 0.4% to reach 4.0 percent in March, the first time in more than half a year, due to the drop...
The focus returns to inflation with UK CPI under the spotlight as it is expected to approach the 5.0%
Among the many predicaments hurdling UK’s recovery, inflation merely resides at the top of the list! With the fragile recovery and the huge budget burden amid tight austerity measures, raging...
The BOJ agrees to introduce more stimulus to increase the outlook for economic activity and prices
As for the BOJ’s efforts to revive the economy from its worst phase after the massive quake, the Bank of Japan agreed today to introduce more stimulus to carefully examine the outlook for...
The Bank of Korea keeps interest rates steady after raising it twice this year
The Bank of Korea kept interest rates steady at 3.00%, after it raised it twice this year, the central bank awaits the consequences of rising prices especially oil and the Japanese crisis aftermath,...
European stocks slide after Japan was struck by another quake
Pessimism dominated markets in Europe after a 7.1 magnitude hit Japan early Monday, spurring more concern about the nuclear crisis as a Tsunami warning has been issued in the country. The dollar...
Machine orders in Japan drop before the devastating March quake
Machine orders in Japan declined more than expectations during the month of March, indicating that Japanese companies were concerned about the strength of recovery after stimulus measures waned along...