77Tracking

Economic News


Australia central bank must consider market turmoil when setting policy - IMF ...
13 Sep 2007 source: iii.co.uk

SYDNEY (Thomson Financial) - The International Monetary Fund (IMF) warned Thursday that the Reserve Bank of Australia should take into consideration recent turmoil on global financial markets when determining monetary policy. In an annual review of the economy, the IMF described Australia's financial sector as stable and well capitalized though monitoring of bank exposure to developments in the h ...


Asian markets focus on Fed's next move as oil price spikes
13 Sep 2007 source: iii.co.uk

SYDNEY (Thomson Financial) - Markets across Asia were on tenterhooks Thursday amid growing debate about the magnitude of a US rate cut expected next Tuesday, after a spike in oil prices introduced an element of doubt to expectations. The Federal Reserve is still widely expected to lower the fed funds target rate at its policy meeting next week, but economists are uncertain whether it will cut by  ...


Asian shares mostly higher on US rate cut hopes; oil stocks outperform ...
13 Sep 2007 source: iii.co.uk

SINGAPORE (Thomson Financial) - Stock markets across Asia were mostly higher Thursday as investors continued to bet on a US interest rate cut next week and focus on the region's strong fundamentals, with a spike in crude oil to record levels propping up stocks in that sector. In Japan, a stable yen boosted export stocks and drew attention away from the political landscape a day after the resignat ...


OUTLOOK SNB set to hike rates by 25 basis points for 8th consecutive time ...
13 Sep 2007 source: iii.co.uk

ZURICH (Thomson Financial) - The Swiss National Bank (SNB) is expected to hike interest rates for an eighth consecutive time at its rate-setting meeting today, although some analysts believe it may abstain for the first time in almost two years. The SNB last left its three-months Libor rate unchanged at its meeting in December 2005, but has since then hiked rates seven times to the current range  ...


DATAWATCH - China to keep tightening stance despite moderate output - Goldman ...
13 Sep 2007 source: iii.co.uk

BEIJING (XFN-ASIA) - China will likely keep its tightening stance on the economy in the near term despite moderate industrial value-added output recorded for the the first eight months of the year, Goldman Sachs said. Industrial output growth moderated in August, although it continued to be at an elevated level, according to official statistics released today. Year-on-year growth in August was a ...


New Zealand central bank leaves interest rates steady
13 Sep 2007 source: iii.co.uk

SYDNEY (Thomson Financial) - The Reserve Bank of New Zealand on Thursday left its official interest rate unchanged at 8.25 percent after raising it four times so far this year, ending a tightening cycle that has lasted more than three years. Since January 2004, there had been 13 rate hikes of 25 basis points each as the central bank attempted to rein in strong domestic demand which had fanned inf ...


Bulgarian inflation at 12 pct in August year-on-year
12 Sep 2007 source: iii.co.uk

SOFIA (Thomson Financial) - Bulgarian consumer prices rose by 3.1 pct in August from July and by 12 pct on a 12-month basis, the National Statistical Institute said. The accumulated inflation since January was 7.5 pct. Inflation in August was mainly due to a 7.3 pct hike in food prices. Food prices rose dramatically for a second month in a row after increasing by 3.9 pct in July, driving inflat ...


Forex - Euro at all-time dollar high as ECB/Fed diverge
12 Sep 2007 source: iii.co.uk

LONDON (Thomson Financial) - The euro hit a new all-time high of 1.3880 usd on further evidence that the European Central Bank is sticking to its hawkish stance just as the US Federal Reserve is widely tipped to cut its benchmark interest rate. This divergence between the two central banks pushed the euro to an all-time high earlier this morning and the dollar index has now fallen below its 1995  ...


China shoppers 'to boost growth'
12 Sep 2007 source: bbc.co.uk

The World Bank has raised its forecast for China's economic growth this year by almost 1%. It predicted that the world's fastest growing economy would expand at a break-neck pace of 11.3%, compared with its initial projection of 10.4%. Strong investments and exports have so far been the main drivers of China's booming economy. But the World Bank is confident that a rise in consumer spending will lift China even if demand for exports slows. Consumer on the rise? The predictions come on the  ...


China's economic prospects good, rebalancing growth key challenge - World Bank ...
12 Sep 2007 source: iii.co.uk

BEIJING (XFN-ASIA) - China's economic prospects remain good, with likely gross domestic product (GDP) growth of 11.3 pct this year, the World Bank said in its quarterly economic update on the Chinese economy. The World Bank had forecast 10.4 pct GDP expansion for 2007 in its previous report, which was issued before China announced first half economic growth of 11.5 pct. "China's economic pr ...


1 2 3
 

Archive

© 2008 77Finance Ltd.
Partner Sites:  Retail Baltic | 77Agency | 77Finanza | Send a thought
77CityGuides:  77London | 77NewYork | 77Madrid | 77Paris | 77Turin | 77Sydney