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...
US import prices fell broadly by 0.3% in March
U.S. import prices fell broadly in March, a sign that inflation will likely stay low in the coming months.
The Labor Department said on Friday...
US economy rebounds, growth climbs up to 2.3%
The US economy returned to growth in the second quarter, according to what the latest Commerce Department data showed Thursday in Washington.
The American economy...
Global economic outlook good, despite risks in some emerging markets
The global economic outlook for 2014 is of strong growth, despite concerns regarding financial risks in China and volatility in some emerging markets following...
UK banks cutting back on overseas lending, shifting focus on domestic market
Banks in the UK are cutting back on lending overseas at the fastest rate in the world, as they begin to shift focus on...
Fed to tighten commodities rules for Wall Street banks
The Federal Reserve is planning on making it more difficult for Wall Street banks to place large bets in the commodities markets, according 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,...