2014 UK interest rate rise?
Is a 2014 UK interest rate rise on the cards? Bank of England Governor, Mark Carney, signaled on Thursday that a rate increase “could...
EU Apple tax probe underway
An EU Apple tax probe has been initiated by the European Union’s vice president in charge of competition policy Joaquín Almunia. The trading bloc’s...
Developing countries growth forecast revised down, World Bank
The Developing countries growth forecast for 2014 has been revised down by the World Bank to 4.8% compared to January’s estimate of 5.3%. Economic...
Global private wealth increased 14.6 percent in 2013
Global private wealth increased to $152 trillion in 2013, a rise of 14.6% on the previous year. The increase was greater than the 8.7%...
Indian economic reforms unveiled
Indian economic reforms were presented to parliament by President Pranab Mukherjee on behalf of Prime Minister Narendra Modi who came to power in May...
FIFA sponsors want corruption allegations investigated
FIFA sponsors Coca-Cola, Visa, Hyundai-Kia, Adidas and Sony are becoming increasingly concerned about allegations of corruption linked to the Qatar 2022 World Cup bidding...
Strong British manufacturing growth forecast by EEF
The manufacturers’ organization EEF has predicted strong British manufacturing growth for 2014, up to 3.6% according to its latest quarterly survey, well ahead of...
Japanese GDP growth strong during first quarter
Japanese GDP growth was revised upward to 1.6% from 1.5% for the first quarter of 2014, which translates into 6.7% per year instead of...
Consumer credit surged in April, US
Consumer credit surged in April in the United States to $3.18 trillion, an increase of $26.85 billion or 10.2% (annual rate), following a revised...
German economic outlook 2014 to 2016
Bundesbank economists are still optimistic about the German economic outlook for the next three years, even if Q2 growth has not been as buoyant...