German factory orders slumped in June
German factory orders fell by -3.2% in June compared to May (which had declined by -1.6%), according to figures published by Statistisches Bundesamt, the country’s...
Canadian consumers using savings to fuel demand
Canadian consumers have been driving GDP growth by dipping into their savings rather than borrowing, says a new report from CIBC World Markets. First...
Eliminate corporate tax, says new report
According to a new report, if the US were to eliminate corporate tax, gross domestic product (GDP), real wages, domestic investment and national saving...
GE African investment to reach $2 billion by 2018
GE African investment totaling $2 billion by 2018 into skills training, sustainability initiatives and facility development was announced today, ahead of President Barak Obama’s...
HSBC H1 profit fell 12 percent
HSBC H1 profit fell 12% to $12.34 billion compared to $14.071 billion in H1 2013. During the first six months of this year the...
Is slower Chinese GDP growth better? Yes, says IMF
Slower Chinese GDP growth would be better for China and the world if comprehensive reforms are implemented and credit and investment growth is better...
Procter & Gamble shedding half its brands
Procter & Gamble says it is shedding half its consumer brands, and focusing on just 70 or 80 of them, including Pampers diapers and...
Berkshire Hathaway Q2 profit jumps 41 percent
Berkshire Hathaway Q2 profit increased by 41% to $6.395 billion, beating most analysts’ forecast. Results in the company’s operating businesses improved significantly, including its...
Argentine debt ruling, economists appeal to Congress
More than 100 economists have called on Congress in a letter to take action to mitigate the harmful consequences of the Argentine debt ruling...
Eurozone July inflation falls to 0.4%
With the Eurozone July inflation rate falling to 0.4% (annualized) from 0.5% in June, economists are seriously concerned that the currency bloc may be sliding...