China’s monthly trade surplus up 40% in August to 368 billion yuan
Chinese imports and exports both dropped in August. Imports dropped 14.3% on year in renminbi terms, while exports dropped a modest 6.1 percent from...
China’s foreign reserves down to $3.557 trillion
Chinese foreign exchange reserves dropped by $94 billion in August down to $3.557 trillion, the biggest monthly fall on record.
Foreign exchange reserves refers to...
Fed’s Beige Book reveals economic growth across most areas
The U.S. Federal Reserve’s latest Beige Book revealed that 11 of the Fed’s 12 regional banks reported at least modest expansion in the economy...
Chinese factory activity shrinks at fastest pace in three years
Factory activity in China contracted at its fastest pace in three years in August, evidence that Chinese economic growth is continuing to slow.
The official...
Japanese industrial output fell by 0.6 percent in July
Japanese industrial production dropped in July by 0.6 percent following the 1.1 percent increase in June, according to the Ministry of Economy, Trade and...
Brazil has slipped into a recession
Brazil has slipped into recession after official figures revealed that the country’s gross domestic product fell 1.9% in the second quarter of the year.
Year-on-year,...
BoE position on rates unchanged by China
The slowdown in China’s economy has not changed the Bank of England’s stance on when and how it will begin increasing interest rates.
Bank of...
US orders for durable goods rose 2% in July
Orders for long-lasting manufactured goods from US factories rose 2 percent in July after a 4.1 percent gain in June.
According to data from the...
Chinese stocks continue to plunge after ‘Black Monday’
Chinese stocks continued to drop on Tuesday after its steepest drop in almost eight years the day before.
The Shanghai Composite dropped 6% on Tuesday,...
Osborne plans to sell stake in Lloyds “within the year”
Despite panic amid the huge plunge in global stock markets on Monday, UK Chancellor of the Exchequer George Osborne still plans on selling off...